Start a Home Based Business
A home based business can be almost anything you want it to be. One of its great advantages is the flexibility of working hours and the choice of business available in everyday terms; a home based business means working for yourself, using your home as a workplace. It may be that you are working at home all day or are merely using your own telephone or internet to take your business calls or use website to promote to your business. While your work is carried out at your customer’s homes or premises. Read more »Understanding Forensic Audit
In a global review conducted by Ernst & Yong, on the question of auditors' responsibility, in 1996, the finding was: "Over seven out of ten of the respondents believed that auditors should have the responsibility to detect substantial fraud. Of these eight out of ten believe that this should be part of their normal audit and not by special one-off reviews" Read more » |
| Ethics in Profession |
The word ‘ethics’ is derived from the ancient Greek word ethikos which means custom and habits. Ethics is the study of values and customs of a person or group and covers the analysis and employment of concepts such as right or wrong, good or bad, do’s or don’ts. Ethics, in broad sense, deals with human conduct in relation to what is morally good or bad, right or wrong and application of values to decision making. The ethical values include integrity, honesty, fairness, responsibility, respect and compassion.
Understanding the Risk in Business
Risk is an essential part that a businessman or investor should consider while doing any kind of business or while making an investment. In general, it means anticipation variation in business outcomes variables, such as revenue, cost, and profit and market share and so on. The concept of performance inconsistency arising from risk is widely used in finance and strategic management, the term refers to the variation in corporate outcomes or performance that cannot be forecast. Outsourcing Risk in Banking Industry
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| Outsourcing Risk |
The decision to outsource is associated with multiple types of risks, including risks associated with including labor and other process costs. In some cases, risk may not be significant when considered individually; however, but when they interact with other risks areas they may be excessive in the aggregate. Thus, in the end, management’s decision to outsource to reduce certain risk exposures may ultimately increase the entity’s total portfolio of the bank.
Outsourcing in Banking Community
The concept of outsourcing is as old as the existence of the human community. With the division of labor and specialization of occupations, the complexity of functions has become worse narrowly and clearly defined. To in-sources or outsource is strategic decision for many 21st century organizations including banking sectors.
Outsourcing Risk in Banking Industry
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| Outsourcing Risk |
The decision to outsource is associated with multiple types of risks, including risks associated with including labor and other process costs. In some cases, risk may not be significant when considered individually; however, but when they interact with other risks areas they may be excessive in the aggregate. Thus, in the end, management’s decision to outsource to reduce certain risk exposures may ultimately increase the entity’s total portfolio of the bank. Read more »
Outsourcing in Banking Community
The concept of outsourcing is as old as the existence of the human community. With the division of labor and specialization of occupations, the complexity of functions has become worse narrowly and clearly defined. To in-sources or outsource is strategic decision for many 21stcentury organizations including banking sectors. Read more »
Understanding the Risk in Business
Risk is an essential part that a businessman or investor should consider while doing any kind of business or while making an investment. In general, it means anticipation variation in business outcomes variables, such as revenue, cost, and profit and market share and so on. The concept of performance inconsistency arising from risk is widely used in finance and strategic management, the term refers to the variation in corporate outcomes or performance that cannot be forecast. Read more »
Why Importance Ethics in Accounting?
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| Ethics in Profession |
The word ‘ethics’ is derived from the ancient Greek word ethikos which means custom and habits. Ethics is the study of values and customs of a person or group and covers the analysis and employment of concepts such as right or wrong, good or bad, do’s or don’ts. Ethics, in broad sense, deals with human conduct in relation to what is morally good or bad, right or wrong and application of values to decision making. The ethical values include integrity, honesty, fairness, responsibility, respect and compassion.
The corporate leaders who
did understand the human side of their business and who were most effectively
motivating and mobilizing their people were operating mostly by instinct. just
like the entrepreneurs. These leaders were acting from the profound institution
that profits follow principles. Why were these leaders with all the immense
resources at their disposal, giving with their gut? Because almost
no solid data existed to make the case for investing in people. .................... Read More
Nobel peace prize laureate
professor Dr. Muhammad Yunus is the founder of micro-credit and social business.
His groundbreaking work in introducing collateral free loans for the poor in
Bangladesh was formalized into a specialized bank for poor in 1983 called
Grameen Bank (Rural Bank) fueled by the belief the credit is a fundamental
human right. his objective was to help poor people escape from poverty by
providing loans on terms suitable to them and by teaching them a few sound
financial principles so they could help themselves .............................................. Read More
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