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 economic model that could protect business, investors, employees and society from a series of subsequent deeper crises.
Currently, for the purposes of many companies, short-term benefits often prevail over the long-term goals of improving society’s life, by launching mechanisms that are more risk-aggressive in business behavior and decision-making models. This cannot but lead to market instability of a scale that threatens entire industries and economies. One aspect of criticism of this corporate reporting model is that it does not currently pay enough attention to factors such as risk, strategy, oversight, and the sustainability of an enterprise’s business model. Continue reading
Not only houses, cars and other durable goods are bought on credit. Securities are also bought on credit. They are also expensive, and lending is a natural means of competition between sellers of securities. What motivates investors to buy securities on credit and pay interest? This is done in the expectation that the value of securities will grow faster than the interest on the loan. If lending is so profitable, then why not everyone and not always do it?
Not only houses, cars and other durable goods are bought on credit. Securities are also bought on credit. They are also expensive, and lending is a natural means of competition between sellers of securities. The market only becomes civilized when the buyer can take a cash loan on the security of his purchase, and the seller can borrow securities if he does not have his own or does not want to part with them. Continue reading
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 or reading. A game is an imitation of real activity. Business game Your Start is perhaps the only free online training in Russian on pumping entrepreneurial qualities and skills.
Free – does not mean free or low quality. The game, which is actually an entrepreneurship course, lasts 15 days. Meetings are held online in live mode. This is not a car workshop! The creator of the business course on Internet entrepreneurship, Your Start, a well-known serial entrepreneur – Evgeny Khodchenkov, himself, leads this game live. Eugene and his team have worked wonderfully creating this course and really follow their basic principle in business – do good for people, give it first, and only then get the opposite effect in the form of cash flow and positive emotions! Continue reading