Money, Business, People, Travel and Pleasure

UAE received the privilege to host the 2020 Expo Exhibition wherein it will show what UAE can bring and introduce in terms of technology and awareness of mankind. Let's see and wait what UAE can officially bring... From KSM

Dear All, While i was trying to consolidate all my import-exports sheets i have come to this summary wherein i can monitor all the in and outs including buying-selling of goods for each shipments of products. Please have a look, you might able to use the same format if your a Trader or Distributor or Wholesaler. Just wanted to Share something effective to monitor imports and exports for Traders like me!!! From  KSM

I have been into International type of work and business for about 8 years, i have learned many things about how to safeguard the buying and selling at international schemes. For me the best Letter of Credit (LC) to use in for buyer and seller LC at Sight for the reasons which states below: - Letter of Credit @ Sight is 100% safe to both buyer and seller - It is safe, fast and secure - There is a negotiating bank as a middle bank coordinating between buyer's bank and seller's bank - There is advantage for Buyer to pay the amount to their bank up to 120 days credit limit or in banking worlds they call it "credit Facilities" - Payment is immediately can be credited to Supplier's Bank upon presentation of required documents to Negotiating Bank for as long that documentary presented is clear, concise and accepted as per Buyer's Bank instructions or requirements. - In the start it is really difficult but once you get use to it, it is like receiving ...

What is Bookkeeping ·    The activity of recording business transactions ·     Bookkeeping   is the recording of financial transactions. Transactions include sales, purchases, income, and payments by an individual or organization. ·    A bookkeeper usually performs   bookkeeping .   Bookkeeping   should not be confused with accounting. . ·     B ook keeping   - Maintaining the accounts, by written record in the books, or by electronic data entries ·    The record keeping aspect of accounting that is applied in the preparation of financial statements for taxation and other data that companies and individuals use to keep track of business and personal expenses and obligations. ·    The   part of accounting   that involves recording economic transactions and events electronically or manually; also called record keeping. ·   ...

·     Someone who records the transactions of a certain business or organization regarding finances; ·   The person who does the Bookkeeping Transaction, Bookkeeping should not be confused with accounting… ·     The person responsible for posting and keeping records or documents, e.g. business or organization; ·    Bookkeeper has very little correlation with Accounting. He also involves in directing and supervising agricultural laborers in the site/ or field, mostly in a farm or food or consumer industries; ·   One who holds and assigned to keep all the records of books, prepares invoices, writes checks, makes bank deposits, checks bank statements, and is responsible for tax payments and distribution; ·   A clerical worker who maintains the financial records that an accountant shapes into usable information. ·    Book keeper also the person who provides a financial support and administrative role to managers or...

·          The person whose maintaining the book of accounts; ·          Auditing the Financial Flow of Transaction for an Organization; ·          The Person whose doing the posting of all sales and expense report; ·   A practitioner which measure and can disclose accurately the financial information to top management; ·    The   Person whose in charge in preparing an income statement and balance sheet quarterly, bi-annual and annually. ____________________________________________________________________ Need to clarify more, please post your queries and comments to get answers... Source: agmrc.org/business_development/getting_prepared/valueadded_agriculture/glossaries_of_terms/farm_analysis_terms.cfm wordnetweb.princeton.edu/perl/webwn en. wikipedia. org/wiki/Accounting   Tnx for reading KSM

·           The person whose maintaining the book of accounts; ·           Auditing the Financial Flow of Transaction for an Organization; ·           The Person whose doing the posting of all sales and expense report; ·           A practitioner which measure and can disclose accurately the financial information to top management; ·           The   Person whose in charge in preparing an income statement and balance sheet quarterly, bi-annual and annually. _____________________________________________________________________ Need to clarify more, please post your queries and comments to get answers... Source:  No Reference:   Comes from a point of view of an HR Practioner... Tnx for reading KSM

Brief and Concise Definitions of   accounting   from all sources: ·      a system that provides quantitative information about finances and expenses ·     In terms of accountancy, it is the occupation of maintaining and auditing records and preparing financial reports for a particular business and time frame, mostly it is quarterly, bi-annual and annually; ·     a chronological list of bookkeeping transaction related to individual/business debits and credits presenting in the forms and it’s part of a ledger of accounts; ·       In terms of account, it is a statement of recent transactions made with the resulting balance; ·   The art of communicating all financial information of a certain business entity to shareholders/stockholders and top management. This communication is mostly generated using a form which generally called financial statements that shows money and resources; ·  ...

Types of Accounting Managerial Accounting   is used by firms for decision-making about the operation and non-operation transaction of firm itself. Financial Accounting   is an accounting standard that need standard procedure to implement and execute that’s in line with GAAP (Generally Accepted Accounting Principles). Need to clarify more, please post your queries and comments to get answers... Source: Rewritten from excerpts of references Tnx for reading KSM