Business Optimization Based on Potential Assessment
Business - activity, the result of which is effectiveness and efficiency. Effectiveness - achieving goals in the external environment, obtaining market, financial, social results. It is expressed in revenue, income,…

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Classification of methods of exposure to humans
In an organization between employees, not only interaction, communication, but also a process of employees' influence on each other occurs. Management of changes in the organization is faced with the…

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A reliable business plan for dummies
We are thinking Do you already know what kind of business you want to do, who is the consumer of your product or service and how will you sell them?…

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international experience

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

Small business profit - its types and how to determine it.
After writing several articles on the effectiveness of small business, I received a letter from a reader asking what profit is in business. I believed that this question is so…

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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…

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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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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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