The Theory of Constraints is a methodology for identifying the most important limiting factor that stands in the way of achieving a goal and then systematically improving that constraint until it is no longer the limiting factor. In a manufacturing business, the restraint can be referred to as a bottleneck. The Theory of Constraints uses… Read More

A financial statement is a formal record of the financial activities of a business. All the relevant financial information is presented in a structured manner and in a form that is easy to understand. These typically include basic financial statements that are accompanied by a management discussion and analysis. The basic financial statements are the… Read More


What is an internal audit? The objective of an internal audit is to provide independent assurance that an organization’s risk management, governance and internal control processes and operating effectively. What is the value of an internal audit to the organization? Internal auditors deal with issues that are fundamentally important to the survival and prosperity of… Read More