•3 Alphas in Management - The 3As (AAAs)
3 Alphas in Management - The 3As (AAAs) -- Introduction --
3 Alphas in Management is written using very simple yet effective and proven management techniques that I have been using in my almost 30 years in senior management positions in varied industries, including as a Vice President with a large multi-national company (MNC) and as a Group Executive Director of a public listed company (plc).
The emphasis of 3 Alphas in Management is on the formation of teams, known as circles, involving...
•Easy Understanding of Bookkeeping - part 1
-- A Simple Definition of Bookkeeping --
In very simple and basic terms, it can be said that Bookkeeping is the recording of your company's Income and Expenses into a set of account books known as Ledgers (read section on Ledgers to know more on Ledgers), Income and Expenses are also known as Receipts and Payments, Inflows and Outflows, Revenues and Expenditures, depending on the accepted terminology used by your company, industry or trade.
-- The Double Entry System
The basis of a good...
•Easy Understanding of Bookkeeping - Part 2 Debit and Credit
-- Introduction --
In Part 1, I explained in simple terms the meaning of Bookkeeping and Double Entry.
In Part 2, I will explain the basis of the Double Entry System, the Debit and Credit.
-- When to Debit and when to Credit?
The most difficult and crucial part of the Double Entry System is to know what information or data is to be entered as a Debit and what information or data is to be entered as a Credit.
I have known students who when they were starting to learn accounting and...
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