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Bankruptcy has long been a topic that no one in business would ever want to speak of. However, it has come to a point where we’ve seen so many companies sink and disappear thanks to mismanaged financials. Although according to a study made by the professionals at Dun & Bradstreet – saying that bankruptcy numbers have been declining, they are only declining over a small percentage in 2017. This means that a large number of companies are still hitting rock bottom and we as business owners need to be more open and vigilant about this topic.
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Being an accountant requires a lot of patience, attention to detail and great analytical skills. They work in a highly detail-oriented environments where one small mistake might cost their client everything. Some of numbers given back to the company by the accountant will affect they way they make decisions for the rest of the year. To always ensure that they are bringing on their A-game, they need to stay on top of all the news and the advancements happening in the world of accounting.