Accountancy & Financial matters Management blogs

We know every business firm , commerce department, trading venture, and industrial unit always needs, Visibility to stand out and get noticed as an active participant in the society. The eventually prefer to avail growth opportunities through the provision of quality training and educational activities and through different events. They require Credibility through their production activities and services provision, which helps them in building a reputation. The holder of this membership can enjoy and avail members of member discounts to improve their purchasing power and all other offers and benefits as offered from time to time. That also helps them to build their communityNetwork and to make them socially powerful and these professional relationship helping them to get a plate forum that advocates on their behalf. This all means all industrialist, businessmen, and corporate identity holder (Only Owners of the Corporates or in some cases their partners and directors)   must ...

As Secretary-General with Chamber of  Commerce and Industry , on a daily basis, I am receiving phone calls and meeting many peoples from different backgrounds according to their skills and expertise in different industries. Federal and Provincial Governments announced their budget and the present slowdown economy affected the National GDP and economy very badly. According to the publicly announced budget and data from the Planning Commission of Pakistan and the Ministry of Commerce the reported growth rate in the industrial manufacturing sector 0.3. That is too much panic and the mentioned statistics badly affected the national growth. The impact on the services sector is too much high and almost many people, ex-colleagues, friends and family members in social circle lost their jobs or in some cases, they were not paid by their employer since last two months in many cases employer deducted the huge portion from the percentage of their salaries. We all are observing the sa...

Gita Gopinath's Concerns on Economic & Financial Fallout: Gita Gopinath, the Indian American economist who has been the Chief Economist of the International Monetary Fund –IMF in 2019. She was director there and looking at the matters related to the research department and economic counselor of the fund.   Here latest, article, and the daily times focused on it and wrote important lines over it. As per Gopinath, the world economy badly affected by the pandemic of the novel COVID19. In the present situation the International Monetary Fund –IMF forecasting very worse trends in economic statistics. That will lead to uncertainty, and the manufacturing sectors have been badly affected after March 2020. The Industries of Manufacturing shrinks their productions all around the world and crisis badly affected the services sector within the countries and trading between the nations and different geographical locations inside and outside. Here the blog got a very imprecise positio...

Towards Fourth Economic & Industrial Revolution:             That was the 19 th century, when we see the boom in the industrialization and the means of communication. The Life cycle of the business people is rapidly changed with mass production and rapid transportation means. The time not stop here, it’s very fast. The Computer and Internet technologies came in the business market to make their calculation more accurate, more authenticate and to memories and keep safe their data figures safe for their future use. That introduce to a new era which we know today with the name as “Data Sciences” . Now People and business industries consider data as an asset for them. They working much more to protect and secure their data to make it up-to-date, accurate and authenticate to use anywhere and anytime. The impact over the capital business market is very impressive. These modern technologies helps the business operations an...

Preventive Security Measure for Business Financial information:                 It’s a digital era and all the businesses shifting their data online and they are trying to reduce the paper consumption and putting their businesses on the roadmap which is paper free are very limited numbers of papers being used there. The MNC-  Multi-National Companies acquired mega storage and data processing server to keep their all business data online to achieve the goals of accuracy, validation, safety, security, and authentication. But always be remembering that there is a huge risk being online in your business operations on the internet. The hackers, sniffers and much other opposition force and theft, hacked and manipulate your data. There are many ways to disturb a business in its online operations like password attackers , man-in-the-middle being a source and denial of service (DoS) , are possible ...

Influencing  steps towards Positive Company cultural:             Business world is too much dynamic and fast now a days and it is very necessary for a business organization to be a progressive and efficient part of this dynamic business cultural. If a company fails in it, and they shows a cool and claim behavior there. That’s means their progress towards achievements and growth is not very fast and it will be stop anywhere. There are some influence steps which helps a company towards positive and constructive cultural. These steps are to build a dynamic business cultural, efficient internal and external communication, appreciation to employees, investment in training, Looking for business resources and environment. The explanations about these all steps are as follows. 1.       Dynamic Business Cultural: Your business needs a dynamic business cultural. That Progressive and constr...

Financial Control Procedures:              Finance is the back bone of a business. Every business wants a very effective and efficient control over its operational activities. Controlling business operations need abilities and skills to achieve the targeted goals and objective through controlling activities. These controlling activities ensure the perfection and well management in business operations. Business Organizations running their operations under some procedures or rules and regulations. Professionally as business executives and business managers or directors we know these activities as SOP- Standing Order Procedures . Which defines some protocols or line of orders to make a chain of command to complete the activities in a very effective and efficient way. When a business organization follow these controlling activities or procedural orders that’s helps them to manage their risk and reduce it, its helps them to use their asse...

Time frame of a financial budget: Budget is a time based activity according to timing it can be strategic, intermediate and operational .Budget is a planned activity which need to be controlled with a high motivation and with very effective communication skills and abilities between all the stakeholders and business units to achieve the complete profit plan. That’s the reason budget is a time based activity and to achieve the budgeted objectives the time series playing a very important role in the whole activity. According to the timing factor the financial budgeting divide in three main steps. That’s Strategic, intermediate and operational. That’s sometimes known as the three different kinds of the budgeting on time series basis. When the board of directors of a business meet and finalize the mission statement for the business and make the clear objectives for that business that process also include the business complete financial plan because the directors have the comp...

Effective Budgeting Skills & Abilities: As we know that budgeting is the official plan for a business success or some time the business leadership called it as a plan for the profit which leads the business to achieve its goals and objectives. Actually a budget is a planned activity which is based on numerical figures like how much bugs or cash a business units allow to spend over production or services? Or how much they need to make as revenue? In a limited time period as in limited budgeted resources that’s all activity is planned in quantities units or figures. The role of the budgeting in the overall every business activity planning and evaluation is very important. We have many examples in the modern and classic history of the business operations. There are many projects which are admirable due to good budgeting and management achieves a good will through their effective planning and efficiency in their skills or expertise. There are many factors which are influe...

Financial Budgeting: Budgeting is a complete process which a business organization performing to express its quantitative needs for completing its ongoing business operations and projects. There are some characteristics of the budget which helps us to explain that all topic here and that characteristics are mostly known as the driven tools for a business department and leadership to make a budget for its all business units and departments to achieve the desirable performance and result within the limited resources. These tools are Planning , Controlling , Motivational and Communication.  Actually budgeting helps the business to plan its future needs according to its mission and objectives. It also leads the business management to control their expenses and risks which are relating to their business operations. The very good example for controlling is to control the inventory turn over issues because the miss management in the supply chain process leads the company to in...