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...

Essentials for an Effective Business:             Making money through business project   is the primary cause of every business . There are some key steps and points that helps us to cover all the needs which helps us in this cause to run the business operations effectively and efficiently and improve the profit margins and increase the market growth . These points are as follows: 1.     Use your full efforts and work smartly to access the right market place. 2.     Being an entrepreneur and owner of your business you need a very strong team. 3.     Prepare  you own business idea  smartly and a very efficient and effective business plan. 4.     Review all the important legal, operational, financial and non-financial documents of your business. 5.     Work Smartly to obtain a value for your business. 6.  ...

Selling Your Business:             Selling your business permanently is a very tough job of the world. Because It’s easy to left a job as compare to selling your own business . Because you start it after a selection idea and you also reject thousands of ideas for it. You give your precious time to it and worked hard to maintain it and struggled for its growth and success.             Everyone knows that failures are the part of life. The Entrepreneurs and Business owners are the ones who struggle hard to maintain their growth but some time due to internal and external issues they are unable to maintain their grip our their business and at last they decide that to sell it off. There are some important points that helps a person to sell his business easily. These points are as follows: 1.     Struggle till at the last movement to save your busines...

Financial Managers Role in System Control:                 Finance and Accountancy is a complete system which needs a controller. Financial Managers are the personals which are responsible to control that system. The role and responsibilities of financial managers to control the accounting and financial operations of a business firm or financial department are too much important. They are responsible to record all the financial information , manage the departmental and complete organization cash flows, prepare the timelines, budgets for running and all projects which are in the pipeline, prepare the reports of all the financial transaction , preparing the financials at the end of the annual year and responsible for internal auditing process. That all work and responsibilities require a complete system. That’s the reason every business organization segregates the duties of the accounting staff and ...