If you want to get an overall understanding of your organization's financial position, you will need to analyze it. This article provides an outline of the various methods used to analyze financial performance.
This article gives you an overview of the two main classifications of expenditure and how they impact on the balance sheet and profit and loss account. You will find this overview useful as it is important to be aware of how to classify capital and revenue costs when creating budgets.
Communications must be regularly monitored to ensure that the messages are understood, retained and responded to as desired, and also that future messages are constructed and conveyed appropriately. This article highlights the importance of assessing and evaluating the effectiveness of the key messages you communicate.
Systems theory is the study of a group of elements that combine to produce one end result. This article offers an introduction to systems theory, and explains how the concept could be useful to organisations as they look to change their processes and procedures.
Psychologist Gary Klein's fascination with insights - flashes of understanding that change everything - led him to examine over 100 famous cases to see what they had in common. This article summarises his findings, with suggestions for fostering more insights.
The key to successfully controlling your budget is taking action on any variances you uncover. By doing this you can keep your budget on track and work within your financial boundaries. This checklist will help you identify common reasons for variances. It also suggests some actions you could take to keep your budget on track.
Using hire purchase may be an option open to you when you are thinking about buying a piece of equipment. Use this quick guide to find out the implications of a hire purchase arrangement and how this may affect your budget.
An outline of the key source documents needed to effectively manage the supplier/customer relationship.
Use this article to familiarise yourself with the most common types of budgets. It offers a quick summary of the format and purpose of the different types of budgets.
This worked scenario will help you get to grips with formulating a basic sales budget. Once you have worked through the example provided, you should be equipped with the skills to tackle your own sales budget.
With this simple guide you can learn how to calculate depreciation. This is something you will need an awareness of when dealing with capital costs.
Six Sigma is a highly disciplined methodology that helps organizations to develop and deliver near perfect processes. We provide some insights into the Six Sigma approach to continuous improvement in this article.
