How can we differentiate Finance from Accounting? Are these two terms similar ? People consider both these concepts similar but this is not the case as both of the terms are interlinked up to some extent but both of these concepts at time of applicability requires different skills and professional personnel to deal with. Let’s discuss these concepts to clear ambiguity that exist in our mind with respect to these
Financial Literacy, core of life What is Finance? Finance is majorly described as the art and science of managing money. It is a procedure to raise funds and thus understanding the system of investment and other monetary and financial instruments. It is the term used to allocate assets, liabilities, expenditures and processes to extract the best out of the activities. It is basically a process to manage and multiply the
MIND MAPPING-AN INNOVATION ENABLER A Mind Map is a way of brainstorming thoughts naturally without worrying about layout and order. It allows us to graphically structure our ideas which helps in analysis and recall. A Mind Map is a diagrammatic representation of tasks, concepts, or items which are linked to each other and are arranged around a central concept or subject using a non-linear graphical layout that allows the user
Seven Powerful Steps to Responsive Problem Solving The other day I was reflecting over the difficulties that we face in our normal lives. When a problem occurs, we immediately focus on finding the solutions and many times the solutions are superficial in nature. As I was pondering on this I happened to come across a quote purportedly said by Einstein ‘If I have one hour then I will spend fifty
1.1 – Performance Based Management Systems (Tools) Every company needs a Strategic Management model to run its business, these are models that help in the planning, implementation, monitoring and assessment of your business strategies and goals. There various models used by companies such as balanced scorecards, SWOT analysis, PESTLE and others. This article series will concentrate on 4 models that might seem similar but are different from each other. These
Globally, millions of new business (SMEs mostly) start every year. Even in India alone about a million new businesses get added every year. Anecdotal understanding is that almost 90% of these never reach a stage beyond survival; 10% of these reach the next stage of struggle. While not much can be said about the unorganized sector; for startup it is reported that 1 out of 9 start-up survive beyond a
