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...

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 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...