Romania is making significant strides in its transition to green energy, with the country on track to source 71% of its electricity from clean sources in 2023. This achievement can be attributed to a substantial increase in hydropower generation, accounting for over 36% of electricity supplies during the first eight...
Professionals in accounting and auditing are ideal for guiding clients toward financial and environmental responsibility to promote sustainable business practices. Despite some confusion surrounding regulatory changes, with clear guidelines, established laws, adequate support, and the right expertise, we are confident that Kreston member firms can effectively assist their clients. Kreston is...
In today's fast-paced and ever-evolving business landscape, the importance of effective teamwork cannot be overstated. Whether a small startup or a multinational corporation, your organization's success hinges on your team members' ability to collaborate, communicate, and work seamlessly toward common goals. This blog post will delve into our team-building, exploring...
Team building has become more than just a buzzword in the modern workplace; it's a fundamental aspect of fostering a collaborative and productive environment in an era where businesses constantly strive to innovate and outperform their competitors. A cohesive and well-functioning team can make all the difference. In this blog...
Forensic accounting is a unique branch of accounting that concentrates on detecting financial discrepancies, fraudulent activities, and other financial anomalies. Forensic accountants utilize their accounting and investigative expertise to scrutinize financial records, transactions, and information to uncover proof that can be utilized in legal procedures. This area of expertise is...
A solid ethical foundation is crucial for establishing trust and credibility in business relationships. By prioritizing ethics in their operations, businesses create a positive and sustainable business environment where all parties are treated with respect and dignity. Business relationships can quickly become toxic and unproductive without ethics, leading to conflicts...
Maintaining accurate accounting records is an absolute must for any business, regardless of size. Neglecting to do so can lead to costly mistakes, misinformed decisions, and financial mismanagement. Accounting is complex, and errors can be expensive. Let's discuss the most common accounting mistakes that you should avoid at all costs. Not...
Management accounting, also known as managerial accounting, is a specialized branch of accounting that focuses on providing valuable financial information to internal parties, such as managers and employees. Its main aim is to assist in decision-making, planning, and control within an organization to achieve strategic objectives. Unlike financial or cost accounting, managerial...
As time passes, new generations have concerns reflected in everything affecting small and large businesses, private and public sectors, shareholders and customers, and financial and marketing departments. Our profession obliges us to deliver assurance serving the public interest, and that assurance now includes ESG. What do we know about ESG? It is a...
Even the best-run small businesses encounter challenges. The main difference between a small business and a well-run small business is that a well-run will plan for prevalent ones to prevent them from becoming problems. One way is to invest in payroll services early to ensure potential clashes across the spectrum of...
