colleagues shared knowledge about finance

Today Mildtrans financial colleagues shared knowledge about finance. It is very important to share financial knowledge in the morning meeting because financial health is one of the keys to the success of any business. The following are 6 major themes shared by colleagues:

1. Basic financial knowledge: including basic concepts such as profit and loss, balance sheet and cash flow. This is crucial for company employees to understand the financial health of the business.

2. Cost control and management: Introduce how to effectively manage costs to increase profit margins. This can include cost analysis, cost-saving strategies and techniques, etc.

3. Cash flow management: Discuss how to ensure that the company has enough cash flow to pay bills, salaries, and other expenses. This may involve aspects such as budgeting, accounts receivable and accounts payable management.

4. Risk management: Discuss how to identify and manage financial risks, such as exchange rate risk, market risk, and credit risk. This is particularly important for multinational trading companies.

5. International trade payment methods: Explain the different international payment methods, such as letters of credit, acceptance bills, and wire transfers, as well as their advantages and disadvantages.

6. Tax planning: A brief introduction to the basic principles of tax planning and how to legally minimize your tax burden.
This financial knowledge will help our employees better understand the company's financial situation and improve their ability and awareness in financial decision-making.