How To Safeguard Company Assets
Generally, there are companies who suffer asset loss, experienced “unaccountable” losses like shortages in merchandise or inventory loss. It is also a fact that, not all companies are certain if their employees are honest, honorable and moral. The following can help management to cope sensibly and realistically with deceptive problems of employee’s dishonesty and outside [...]
Identifying the Role of Managers
There are some specific ideas and actions that maybe helpful to a manager on a different perspective. In this approach, it will establish the manager’s purpose and present a philosophy of management built around the concept that POWER should be used to serve the needs of others i.e. subordinates, superiors, fellow managers (peers) and clients [...]
How to Deal with Credit Problems
Closing the door on a customer who cannot pay is rather expensive to the salesperson and to the customer as well, assuming the product or service is really needed in business. That’s why, before setting for the closed door option, it pays to review the facts of the case with some pertinent question in mind. [...]
Identifying the Various Needs of Banking Customers
There are three main groups of bank customers: the corporate, the commercial and personal. It is the responsibility of the bank representative to match competitively the customer’s wants and needs with the bank’s resources. All corporate customers cannot trade or operate their business without any bank account. The needs of this group of customers must [...]
Dealing with Accountability in Banking
Success in business is measured primarily by the excess of revenues over expenses from the business operation that produces the net income. However, Investors and creditors will only determine the ultimate success of an entity upon liquidation. What do accountants do to provide investors and creditors an approximate financial status of the business? All transactions [...]
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