Accountancy & Financial matters Management blogs

by Muhammad Salman Khan. In March 2020 here in Pakistan and surrounding countries of South East Asia and other regions of the world, governments announced their policies to prevent and control the pandemic of Coronavirus and almost begin with the lockdowns in cities or in strategic areas. That was a completely unexpected event, no one was ready for it, especially the progressive employees or those who were very near in time of request for their annual increments or revision in salary packages. Now many employees in shocked and disrupted, that’s a wakeup call to leave the comfort zone, control your personal expenditures and use your self-assessment skills with the big questions and professionally make your skillset more strengthen. That makes you able to be more focused and work with more devotion in your industry. But be optimistic this is an opportunity. Yes, the pandemic has increased the uncertainty and caught us red handily unprepared i.e. psychologically , financially ...

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.  ...

Statement of Ethics for IMA Professional Accountants:                 The Institute of Management Accounts published their statements of Ethics for their professional certified accountants. Which has all the code and conducts How to perform the responsibilities like an IMA professional Management Accountant. That was published and  known as Statement on Management Accounting C(Revised), IMA – Institute of Management Accountants Statement of Ethical Professional Practice in August-2005. 1.        The Ethical Statement of IMA is based on four principles which are Honesty, Fairness, Objectivity and Responsibility. 2.        The four required standard for Ethical practice in management accountancy are Competence, Confidentiality, Integrity and credibility. 3.        According to this statement the CM...