An understanding of Nominal and Real Accounts is important to understand how money flows through an accounting system. This article looks at the differences between Nominal and Real accounts the rules governing these types of accounts and how these rules are used to make calculations.
Accounting Information Systems (AIS) Professionals What is an AIS? An AIS is a method through which a business keeps track of its financial information. It is the whole of the related components working together to collect, store, and disseminate financial and accounting data to plan, control, coordinate, analyze, and make decision-making (02). There are many…
Unilever Project Shakti aims to improve the livelihoods of women and men across India through a new digital platform, Unilever Life.
How Africa is Dealing with Negative Externalities and Elephant Poaching What are negative externalities? With years and years of revolution and development by the human race, the side effect on the environment and increase in negative externalities have been ongoing and destructive to life on our planet. Negative externalities are the adverse side effects and…
Maintaining a healthy balance between profession and family is important. What are advantages and disadvantages of a working single mother?
Sustainability: Business and the Environment Businesses have a huge impact on the environment. They can choose to operate in a way that damages the environment or they can choose to operate in a sustainable way. Sustainable businesses take into account the long-term health of the environment and make choices that protect it. This might mean…
Communication is one of the simplest yet most complicated topics in the lives of humans. The understanding of this concept shows that it is indeed a whole art. It is divided into various aspects writing, reading, speaking, and listening. The deal is that for the process of communication to be effectively achieved, there have to…
Does a company have an ethical duty to find a balance between remaining profitable? For a company to stay afloat and running it is fundamental for it to make a profit. However, simultaneously, it is also important that the company pays their employees compensation that compliments their skills and abilities and allows the employee to…
Communities have different cultures. So, it is not unusual that people from different communities have divergent cultural characteristics.
What makes an effective CV? There are a few things that make an effective CV. First, it should be clear and concise. It should highlight your skills and experience in a way that is easy for potential employers to understand. Second, it should be free of any typos or grammatical errors. This shows that you…
Cognate Strategies in Business Writing What defines good business writing? In their book, Designing Visual Language: Strategies for Professional Communicators, Charles Kostelnick and David Roberts (01) discuss 9 cognate strategies in business writing that do justice to the question above. These strategies are a variation of Aristotle’s 3 fundamental elements of rhetoric (02), logos (logic),…
Accounting is the process by which businesses record, organize, and summarize their financial activities for easy evaluation and analysis. The Financial Accounting career path creates jobs related to collating information and preparing reports on the financial status of a company. Becoming a Financial Accountant This field of accounting deals with monitoring and recording the financial…