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...

The blog is specifically for those, graduates who are willing to start their career as financial analyst . We all knows finance is a very lucrative industry and the associated professional with this industry are earning big bucks annually and enjoying very respectable positions as Financial Analyst in the industry and serving on the relevant key different positons in corporate businesses. According to the CFI TM   and published Salary Guide at their website, If one recently completed your certification or degree you can earn initially $70,000/-. Here are six different steps which helps us to start our career as Financial Analyst. The Steps are as follows; 1.     Professional Networking Skills. 2.     Participate in the Industry Events. 3.     Creatively Write Blogs about Finance. 4.     Academic Education needs Professional Experience. 5.     Perfection Require in Financial Ratios Analysis. 6.  ...

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...

Financial Risk Management & Internal Control:                 There are two audit teams one is known as internal audit team and the other one is called as external audit team. Everyone knows that the financial investment of every business is the backbone of its future progress. That’s the reason every business company have a proper and very well dynamic management system which helps them to make a internal control system to efficiently and effectively run the business operations and reduce the all kinds of risks which are harmful for their business operations. The Business board of  directors their managers and team supervisor are responsible to keep the environment very clean and transparent for the business operations and act smartly to reduce the risk and manage it in a professional way to improve the perfection in their workings. That’s the reason the business director gives more...

Financial Measures:                 Financial Measures means the measurement of the financial performance of the business and its projects. Performance measures can be defined, to check and measure the efficiency of a business investment which is invested or capitalized in a business project and through this investment they want to measure the business financial performances .                 There are many financial performance measurement tools or ratios which helps the business to check and measure the business performance and its financial growth. We have many examples to check out the financial performance and investment outcomes, like ROI –Return on Investment which helps us to measure the total return over investment. The formula which is used for ROI is Net Income of that period divided by the Average total ...

Possible mistakes in Virtual business hiring:                 Information technology and online communication change the world. Now the virtual business market has a very big impact on changing the economic systems of the world. But there are many problems which demand solutions form us regarding the virtual business communication. Yes, I am talking about the mistakes which we face in our everyday life during the hiring of staff through virtual technologies. We need their solutions and we need to reduce their impact on economics and business job market.  There are some common problems which are mostly faced by the business persons during hiring the staff for virtual operations at different locations. These problems are related to operations progress developments, locations, daily updates, communication and information sharing through virtual means, Staff abilities and expertise level issues...

Accountants are the professional staff responsible for the recording, maintaining, and controlling the financial transactions, information flow like every business and every job the management accountants also have some ethics which helps them to perform their job and their role in the business place ethics and morally in a more respectful way. That improve their performance and their productivity and also give them motivation and confidence to work live professional management accountants. IMA “Instituteof Management Accountancy” also develop the ethics and some social responsibilities rule for their Management Accountants and they also performing their duties in this mater to help out their CMA , CPA , CFA certified members and top professional members. Ethics for Management Accountants have two most valuable functions and that’s are the System Controls and Security Measures . Every professional Management Accountant follow them and he/she is working i...

Audit and Approaches: Audit is the official inspection of an organization business approaches and its financial data by and independent body. There are four different generally accepted approaches which are as follows. a)       Balance Sheet Approach: b)       System-Based Approach: c)        The Substantive procedures approach: d)       Risk based approach:     The details of these approaches are as follows: a)       Balance Sheet Approach: The balance sheet is the very important part of the financial data recording. Its helps the user of the data to get the information about the company performance on its assets, equity and liabilities usage. According to this approach the auditors make their focus on the limited procedures and put their complete efforts to abstract the use able information form the balance...