Importance of Customer Engagement Strategy for Hong Kong Businesses Every business wants to be profitable. But for entrepreneurs and companies that think big, their first priority is customer satisfaction. They understand that money can be generated easily as long as they make their customer happy. And if you are thinking of starting a company in…
Adapting to Business Models Innovation The possibilities of business models innovation are boundless, especially in this generation where technology is growing rapidly. Organizations should take advantage of the current technological growth to change their ways of doing things and unlock great value. Understanding new business models are emerging faster than ever before, back in 2012,…
Basic Accounting Principles You Need to Know Before diving into the concepts of basic accounting principles, let us understand accounting principles in general and why they are important. Accounting principles refer to a set of rules that a company must follow while reporting its accounts and financial information. There are multiple accounting principle frameworks which…
Your Guide to the Accounting Cycle in Hong Kong Before we dive into the nuts and bolts of the accounting cycle in Hong Kong, let us learn what an accounting cycle is and what processes come under it. Any company, whether small or large, must record and present its financial statements in a defined period.…
Bookkeeping and Accounting in Hong Kong: Key Differences Before we dive deep into the differences between bookkeeping and accounting in Hong Kong, let us understand what they are and why they are essential for every company. Bookkeeping and accounting are two of the most essential tasks for every business. They are also thought to be…
Understanding the Accounting Risks During COVID-19 in Hong Kong: Facts and Challenges Understanding the key accounting risks during COVID-19 can be a make-or-break for thousands of businesses. In this blog, we will learn about the major areas that accountants and companies must consider to successfully deal with these turbulent times. The coronavirus pandemic has become…
Your Guide to Understanding the Implementation of IFRS 16 in Hong Kong Before we dive into the implementation of IFRS 16 and its impact on companies operating in Hong Kong, let us understand the basics of this accounting standard. IFRS 16 (International Financial Reporting Standard 16) is the latest lease accounting standard developed by the…
What Are the Differences Between Investment Agreement and Shareholders Agreement? When a business raises money, they may need several legal agreements for their investment transactions. An investment agreement and a shareholders agreement are two broadly misunderstood legal documents. Telling the difference between the two would integrate investors’ investment activities and secure ownership rights for the…
