How to evaluate a business plan for long-term development
Targets and goals Strange as it may seem, this part of the business plan is analyzed at the very end and is the quintessence of everything described below. It should…

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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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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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dream and then experience

Typical Budgeting Mistakes

For modern companies, the urgent task is the introduction and development of a budget management system. However, even in those firms where the budgeting process is sufficiently developed, employees often make mistakes. Therefore, bottlenecks are important to identify and correct in time.

Usually, the company faces the question: how to make the budget management system (SBU) as efficient as possible? To do this, it is necessary to find out what the budget management system is, what is its purpose and the conditions for successful functioning. A systematic approach to this issue will help to avoid many errors in the formulation and improvement of the SBU in the company.

Typical mistakes made at enterprises when budgeting can be divided into: 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 versatile and deeper knowledge and experience, the more accurate the choice of decision and action for its implementation. Mastery entails the recognition of others that exalts a person, affirms him in life, helps to realize himself. The leader needs to know much more than any of his subordinates.

Self-education has as its goal the acquisition of knowledge and skills necessary to improve the quality of life, the development of the ability to self-organize and organize. Continue reading

HOW TO BUILD A FINANCIAL BRIDGE IN CIVILIZATION

Strange creatures are people … They always want what is inaccessible. And when at last there is an opportunity to get what you want, interest instantly fades away and it turns out that they wanted something completely different. Just like in the famous tale of Oscar Wilde. As a proof of love, the professor’s daughter made the student wish to bring her a red rose. Like evil, only one rose grew in the garden, and that one was white. Student love at the cost of his life saved the nightingale. He drove the thorn of a white rose directly into his heart and sang all night, staining the white petals with a crimson red color with his blood. When a student, full of magical dreams and romantic hopes, cut the rose and brought it to the beauty, she took it and threw it into the ditch. It turned out that the color of the rose did not fit the new dress … Continue reading

HOW TO BUILD A FINANCIAL BRIDGE IN CIVILIZATION
Strange creatures are people ... They always want what is inaccessible. And when at last there is an opportunity to get what you want, interest instantly fades away and it…

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Integration of company goals with budgeting
As a budget planning tool, managers can anticipate possible problems in the development of a company or business and find ways to solve them. These trends should be predicted in…

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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…

...

PAIRING BODIES: Entrepreneur Philippe Mundi spoke about what qualities to look for in a business partner
I opened the company alone, with a friend with whom we no longer communicate, with my future wife, brother and strangers, who later became close friends to me. Let the…

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