Main Functions of Management

There are four main functions of management. 1. Planning. 2. Organizing. 3. Leading. 4. Controlling. Planning. Planning is an important managerial function. It provides the design of a desired future state and the means of bringing about that future state to accomplish the organization’s objectives. In other words, planning is the process of thinking before […]

Uses of Audited Financial Statements

There are many uses of audited financial statements. Some of the common uses include submitting to the relevant authority such as company commission and tax offices. These are the two interested parties of these statements. Other interested parties include investors, creditors of the company and shareholders as well. So, what are the purposes of audited […]

Something About Money You Don’t Know

Money- It’s the universal currency that all civilized human beings are familiar with. So what is money? Or precisely, How do you “see” money? Money means differently to everyone. It can represent power and authority. A measurement of success or contribution. Maybe happiness? Perhaps, some see it as only a piece of paper and they […]

Management and Financial Accounting

Accounting is usually seen as having two distinct strands, Management and Financial accounting. Management accounting, which seeks to meet the needs of managers and Financial accounting, which seeks to meet the accounting needs of all of the other users. The differences between the two types of accounting reflect the different user groups that they address. […]

Psalms For Prosperity

The psalms of the Bible are a literary treasure chest of prayers for prosperity. Below is a list of which psalms to recite for common financial requests. In some Catholic and Santeria traditions, you say the prayer or write the prayer out after lighting a candle. You may also recite the prayer as many times […]

10 Characteristics of Effective Quality Management Systems

Quality management systems can become cumbersome and bureaucratic if not properly developed, implemented and maintained. Effective quality management systems have ten common characteristics that I have discovered in my consulting practice over the past couple of decades. These common denominators of quality management, when properly implemented, can improve your organization’s ability to satisfy customer and […]