The difference and relationship of the concepts of "development" and "change"
Modern organizations operate in the face of constant change. Effective change management in the technical, economic, political, demographic and social spheres allows organizations to successfully adapt to the changing external…

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Monitoring and control of the change process
Leaders have at their disposal a variety of methods of intervention, with which they are able to facilitate the development and changes in individuals, groups and organizations. It is knowledge…

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Why motivate employees?
Any attempts to evaluate staff motivation are fraught with serious consequences for the management system. Everyone knows that with good quality work of employees and high productivity, research on motivation…

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formation of financial statements

Synchronization of management and financial accounting

In the past few years, more and more financial directors have been thinking about the issue of transferring management accounting and reporting of their enterprise to IFRS or at least the maximum approximation (if not complete convergence) of management and financial accounting.

How appropriate is this synchronization for the company?

With financial accounting, everything is more or less clear – it is generally accepted that it is a process of collecting, processing, aggregating, classifying and transmitting information about the financial situation of an enterprise and its results for a certain reporting period to external users in order to make economic decisions. Continue reading

CONTROL PACKAGE: how to maintain control over the board of directors and why it is important
For you, as a founder, it is of utmost importance to maintain control of the company. Therefore, it is extremely important at an early stage to pay attention to corporate…

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Integrated Reporting - A New Reporting Model for Business
The concept of integrated reporting has recently occupied the first pages of professional publications in the world of accounting. The global financial crisis has revealed the need for a new…

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Distribution and production relations
As relations almost identical to non-existent relations of ownership of shared means of production, the communist theory considers production relations, which, therefore, also have a significant impact on the distribution…

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When you need to take a loan to small business.
To take out a loan in the fire order to pay off financial problems, even if it succeeds, as a rule, does not solve financial problems, but only exacerbates them.…

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