Technical competencies are those which are industry- specific and require education and training in a specific specialty.
The International Financial Reporting Standards (IFRS) is an accounting tool offering a framework within which companies provide their financial information. The framework introduces standards that makes it possible to compare and contract financial information among businesses.
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Management of cash flow ensures a business that they can continue operating without having to worry about cash deficit. That is why it is an important part of budgets as well. It enables businesses to predict and prevent...
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The supply and demand in the labor market are partly changing due to the emergence of advanced machinery and artificial intelligence (AI). Technology has taken some jobs off the market, especially those that are considered hazardous to people’s...
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Companies constantly look for talents with the intention of recruitment. The internet now allows them more freedom of choice and increases competition. Outsourcing and offshoring add to the possibility of finding the most suitable person for a job....
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Certain phrases are frequently used when communicating market status, conditions and decisions. The jargon enables executives, marketing managers, and marketing staff to speak about this dimension of their business with ease.
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World Intellectual Property Organization (WIPO) defines Intellectual Property (IP) as the literary and artistic work, as well as inventions, all of which are the creations of the mind. 192 countries are currently working with PCT to protect intellectual...
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First, make an outline of the key points you want to mention and address. The outline should consist of the key points you wish your addressee to know. At this stage, you write down
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Financial resources are limited, and therefore, the frequency and timing of financial transactions are vital to a business.…
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Profit and loss statement shows business gains or losses at the end of the fiscal year. It shows the degree of coverage of costs and the amount of profit made in the end. Profit and loss account can...
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Depreciation rate states that an asset needs to be depreciated in the books –financial records- within a specific number of years. It allows businesses to deduct costs over time. This may be important to small businesses due to...
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