Good governance is important for long-term stability, sustainable growth and efficiency of operations of the organization. In the absence of, or with poor governance, an organization is destined to experience frauds, unexpected highs and lows in business volume and profitability and eventually business failure. This primary objective of sustainable growth cannot be achieved unless the […]
As per Wikipedia, budget (derived from the French word bougette, meaning purse) is a quantified financial plan for a forthcoming accounting period. The process of arriving at this plan is called Budgeting. Simply put, budgeting is making estimates of one’s future inflows and outflows for a specific period of time and ensuring the availability of […]
Industrial revolutions have remarkably transformed the social, economic and environmental dynamics of the entire world. Whereas the first three industrial revolutions brought tremendous growth around the globe, the world now stands on the edge of a technological revolution that will redefine the social and developmental aspects of life. Over the past two decades and with […]
Even in this contemporary world where mankind has splendid credits to its name for all sorts of technological development yet the very basic aspect of human society in form of ‘gender equality’ is compromised. The understanding and recognition of the fact that women deserve the same quality of life as of men at large have […]
A business plan is a sneak peak of the future of your business. It is a kind of written statement of the future of your business. It is a document which describes the plan and the necessary resources to carry out that plan. As Benjamin Franklin puts it “If you fail to plan, you are […]
Technologies and Robotic Process Automation (RPA) is going to change the way work is done in offices and the predictions are that millions of jobs will disappear. There is even an article that states “once account-keeping itself becomes fully automated and reconciliation functions become superfluous, both those who keep the books and those who audit […]
AN INSIGHT We are now in an era where new discoveries and breakthrough in science is one of the most heard of phenomena’s .An ever expanding demand for healthcare and the emergence of a newly growing global market has pushed the pharmaceutical industry to invest highly in research and development. Ground breaking discoveries and cutting […]
The Institute of Chartered Accountants of Pakistan (ICAP) has successfully conducted the elections for the ICAP Council and Regional Committees (Northern and Southern) on July 29, 2017. ICAP is a statutory body established under the Chartered Accountants (CA) Ordinance, 1961 to regulate the profession of accountancy in Pakistan. Council is the governing body responsible for […]
