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…

Continue reading →

The main components of self-management
Self-education has as its goal the acquisition of knowledge and skills necessary to improve the quality of life. Self-education is an independent increase in knowledge, exaltation in mastery: the more…

Continue reading →

Free Business Game "Your Start" - Entrepreneurship Course
According to Edgar Dale's learning cone, the most effective learning is to simulate or perform a real action. It gives 90% of the result, compared, for example, with lectures, videos…

Continue reading →

since there is no unambiguous

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

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…

...

What is small business profitability?
Profitability - this term is heard by almost every adult. But not everyone understands what this term means. Not even all businessmen can explain this term. After starting to publish…

...

The problem of the interaction of technological and economic transformations
The article discusses issues related to the paradigm of independent research of technological and economic transformations. The author comes to the conclusion that in modern conditions the technological innovation process…

...

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…

...