There are two elements to a business’s finances: the start-up fund (i.e. capital) and purpose (profit). If you are starting up a shop on the street, you will need to have enough start-up capital to cover both the deposit for the commercial lease and to be able to pay staff.…
As accounting standards in the world is converging, Japanese generally accepted accounting principles (GAAP) are in the direction of harmonising with the other OECD countries, especially with IFRS. Japanese GAAP is written more prescribed by rules and the main difference is about fair value accounting, where the IFRS requires most…