I’ve been promoting the Street Strategist Accounting and Finance short course for the past few post, not only because I believe it’s the best seminar on accounting and finance out there, but because it is very affordable and comprehensive. Here are some convincing reasons why you should attend the seminar: 1.) Essential component of any wholistic Management Development Program (MDP) This Accounting and Financial Literacy program (shortened to Financial Literacy Program or FLP) is an essential component of any MDP, in the same manner as we provide them training for customer service, team building, or salesmanship. 2.) Preventing problems vs. solving problems Is your manager solving problems? Or, is he preventing problems? This is very important. The manager who does not see the entire picture will solve the problems as they come. This is what happens when people with no financial background operate a complex financial system. However, the manager who has a better … [Read more...]
A quick accounting and financial management test for businessmen
Are you a businessman ? Do you have a grasp of the basic accounting and finance concept necessary in order for you to run your business ? This test will determine how in deep is your accounting and finance knowledge. 1. If Microsoft sold software on credit to a customer, which of the following is the correct accounting entry: a.) Debit – Revenue / then Credit - Accounts Receivable b. )Debit - Accounts Receivable / then Credit – Revenue 2. Since one cannot see the item called Accounts Receivable, is it classified as intangible or tangible asset? 3. Is depreciation a source of cash? Yes/No 4. Since interest expense is a “financing cost,” in the Statement of Cash Flows it should be grouped with: a) Operating activities b) Investing Activities c) Financing Activities 5. If the San Miguel Corp’s “cost of debt” is 12%, then we expect the company’s “cost of equity” to be: a. zero b. greater than zero but less than 12% c. equal to 12% d. more than 12% 6. Will … [Read more...]
Accounting for non-accountants and financial management seminar
The Street Strategist has emailed me that he is conducting another “Accounting for non-accountants and financial management seminar” As you all know, I have highly recommended the Street Strategist seminars for its comprehensiveness and the amount of knowledge that you can learn in a short period of time. I wrote a review about it in my post entitled “Guerilla Blogger meets the Street Strategist” Anyway, here is a sample letter from the Street Strategist himself, inviting you to his seminar: “We can teach a 10-year old how to do debit and credit in one morning with perfect accuracy and he will not forget it for the rest of his life! Our resource speaker is the inventor of the world’s fastest, most effective, most efficient way to learn debit and credit with perfect accuracy. With zero financial knowledge, whether you are a nurse, an industrial psychologist, or a lawyer, you can learn debit and credit and basic accounting principles on Day 1 and you can learn how to analyze … [Read more...]
Free compilation of laws, Labor Law for Non-Lawyers and Bar Reviewers for all subjects 2012 Edition
As a non-lawyer, or as a foreigner, have you ever wished there were one book that summarizes the laws and jurisprudence of the Philippines? This is such book. Each book in this series probably encompasses 95% of the legal principles in each bar subject. For practical purposes, studying this book is like going to law school, after all, this is used as a bar reviewer. These notes are a compilation of educational and academic research materials from various public domain sources. No authorship is claimed as to all the materials herein. Laws and jurisprudence are non-copyrightable. Titles in this Series are as follows: - Political Law - Labor Law - Taxation Law - Civil Law - Mercantile Law - Remedial Law - Legal Ethics - Criminal Law Since files are big, the files will be sent only upon request. Please give your full name, title and affiliation (only those with full info with receive the file) You may forward this to anybody who is an employee and to anybody who is an … [Read more...]
Making brooms out of plastic bottles
Some people say that Facebook is a waste of time. I don’t think so, aside from connecting you to friends and family from both nearby and afar off, you also get to learn a lot of things from other people by knowing what they are reading and by their sharing of ideas, be it their original idea or something they picked up online. Take this one for example, I’ve always been an advocate of “going green,” so whenever there is a nice cool, environmentally oriented idea that could help save me some money, it always gets my attention. Recently one of my Facebook friends posted a picture of how to make brooms out of plastic bottles, which is shown below. The pictures are not so instructive and it might not even be very clear to some people, but at least it prompted me to search and know more about it online. The project really makes sense as it gives us one more option on what to do with plastic bottles. So instead of just recycling plastic bottles, they can now be turned into … [Read more...]
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