The Business Cycle: Its Nature, Measurement, and Phases.

. Business Cycle: What It Is, the 4 Phases, and How to Measure It. What are the 4 phases of business? 1. The first phase of business is the startup phase. This is when a new business is launched and is typically characterized by high levels of uncertainty and risk. 2. The second phase of … Read more

Audit Department.

The audit department is responsible for ensuring that the financial statements of an organization are accurate and in compliance with generally accepted accounting principles (GAAP). The audit department also provides an independent assessment of the organization’s financial statements and internal controls. What is the role of audit? The role of audit is to provide an … Read more

What is the OCR system?

The concept of OCR responds to "Optical Character Recognition", a document digitization process. Thus, the OCR system is an analysis through which we analyze and scan a file to automate it. What is the OCR system for? The meaning of OCR responds to an optical character recognition system by which the styles, text and format … Read more