Low turnover : Opportunity or nightmare?

The inventory rotation is the relationship between the cost of goods sold and the average inventory valued at a cost in a certain period. A simple example: Cost of goods sold during 2019 = $ 24,000,000. Average inventory 2019 = $ 6,000,000. Then, the turnover of the inventory in 2019 was 24,000,000 / 6,000,000 = … Read more

Bad Business Communication Examples

When the slightest possibility of Bad Business Communication of a brand is detected, it is important to control the situation and intervene at the moment. And for this we must bear in mind that the elements that affect the reputation of a company on the Internet are, on the one hand, all the conversations that … Read more

Interdepartmental Relationship in an Organization

Having efficient teams in each department of our company is necessary but it is also necessary for each of these teams to have a global vision of the company and, therefore, of the rest of existing departments in the organization. Interdepartmental Relationship When representing the internal structure of an organization, the most used resource is … Read more

How do I verify that my debit card is activated

debit-card

The activation of debit card before use is a fundamental step. It is a procedure that begins when the user is given the plastic and the key or PIN, indicating the bank executive or the brochure that accompanies the card, if he has received it by mail, that the activation process will be completed in … Read more

The advantages and disadvantages of financial accounting

advantages-and-disadvantages-of-financial-accounting

What is financial accounting? The financial accounting conform all procedures that collect, classify, record and account for all financial operations of the company. The accounting reports allow you to make decisions about your business, hence the importance of preparing them with objective and real information. In addition, they are also a tool for potential investors … Read more

What are the five areas of the economy?

areas-of-economy

The economy is a science, responsible for the study of factors of production. Analyze the correct distribution of resources necessary for the existence of societies. The different areas of the economy allow us to analyze different areas of the productive apparatus, from small and large companies to the stability of a country, its development and growth. Always looking … Read more

The purpose of accounting

purpose-of-accounting

At present, accounting became an indispensable part of commercial relations. It is unthinkable to want to create a company without taking into account the accounting part. In fact, without fear of sounding too alarming, without the figure of an accountant, your money may be at risk. Knowing the purpose of accounting will help you to … Read more

The definition of financial forecasts versus budgets

forecasts-versus-budgets

The challenges of managing a company are very broad, and there are methods available to help you plan the financial future of your business. The use of financial forecasts and budgets can help you determine where your business is going and how you are going to achieve your financial goals. Forecasts and budgets provide important … Read more

Specialized fields of accounting

field-accounting

The management of finances, both in the public and private sectors of society, is supported by general accounting services. The accountants manage the maintenance of records of the income and expenses of their clients. While all accountants are trained in the fundamental aspects of accounting procedures, the field offers opportunities for accounting specialization. ID Accounting … Read more

Similarities between managerial accounting and financial accounting

managerial-accounting-and-financial-accounting

Accounting is an extensive discipline that goes far beyond traditional accounting. Like any science, it branches to business information can be analyzed from various perspectives, from the financial statements up production capacity. This is how financial accounting and administrative or managerial accounting are born, two sisters who share similarities and, at the same time, many … Read more

Differences between Accounting, Finance and Economics

Accounting-Finance-and-Economics

In order to know the differences between Accounting, Finance and Economics, you must first take into account that the definitions of finance, accounting and economics are often confused since each discipline handles the money of people in general. To understand how these areas work correctly, it is necessary to examine the principles, procedures and business … Read more

Purpose of ISO 9000 standards

iso-9000

The ISO 9000 family of standards addresses various aspects related to quality management, taking care of providing the necessary guidance and sufficient tools for companies and organizations that want to ensure that the quality of their products and services continues to improve and that In addition, customer requirements are consistently met. ISO 9000 standard The … Read more

Definition of ISO certification

iso-certification

An ISO certificate is a document that indicates that a product, service or process complies with international standards, defined by the International Organization for Standardization (ISO for its initials in English International Organization for Standardization). Working in networks in 161 countries around the world, ISO is the largest developer and editor of international standards; The … Read more

What is ISO 9004?

iso-9004

Along with global markets, there was also the need to meet consumer expectations regarding the quality of goods and services. Currently, there is a lot of confidence in international standards. The International Organization for Standardization (ISO) has developed a series of guidelines for business processes that have become common standards for companies, such as the … Read more

Types of ISO standards

iso-types

The International Organization for Standardization (ISO) is a nongovernmental network of national agencies whose purpose is the development of international standards for business and government. International standards have been designed for trade between countries. They provide a technological base and a system of best management practices. The standards guarantee the safety of the products and … Read more

What is the ISO 9002 standard?

iso-9002

ISO 9002 Definition The ISO 9002 standard is an obsolete part of the ISO 9000 family of standards. The standard was removed from the ISO 9000 family in 2000. It focused on quality assurance standards for production, installation and service processes. The ISO 9002 certification was used by companies that did not have a design … Read more

What is the ISO 9002 international certificate?

iso-9002-certificate

An ISO 9002 international certificate is a written statement from a certification body that a company is following the requirements, specifications and guidelines established by the International Organization for Standardization in its ISO 9002 standard. This standard, which applies to the quality requirements in the management of the systems is now obsolete. It has been … Read more

Definition of ISO Standards

iso-standards

Have you ever wondered how you can open a soda can and take it with confidence to your palate? Or when you can easily decide between a Japanese, a French or an American car under criteria of aesthetics or cost but without having to complicate by the signals or language that you will find on … Read more

What is ISO 9000: 2001?

iso-9000-2001

ISO 9000: 2001 represents an obsolete version of the parameters published by the International Organization for Standardization (ISO for its acronym in English for International Organization for Standardization). The current version, ISO 9001: 2008, describes a quality control methodology that aims to achieve customer satisfaction. Beginning “Document the proven processes and follow the written instructions … Read more

Umbilical cord infection and neonatal death

umbilical-cord-infection

The use of an antiseptic reduces umbilical cord infection and associated neonatal death. The use of a topical antiseptic to clean the umbilical cord in newborns and infants significantly reduces the risk of infection and neonatal mortality. More than 3 million children die each year worldwide, with infections causing approximately one third of all neonatal … Read more

Sex after childbirth

sex-after-giving-birth

How long do you have to wait to have sex after giving birth? After delivery, whether it was a vaginal birth or a cesarean section, the uterus and cervix need time to heal. Why should you wait to have sex after giving birth? The lining of the uterus, especially the place where the placenta was … Read more

Cord Blood Banking Pros and Cons

cord-blood-pros-and-cons

Freezing umbilical cord stem cells: Advantages and disadvantages Freezing umbilical cord stem cells have become a popular practice among parents, who are increasingly aware of the benefits of this procedure. Science has shown that conserving the stem cells found in the umbilical cord can make a big difference in the baby’s life in the future. … Read more

Advantages And Disadvantages Of Private Banks Of Umbilical Cord Stem Cells

cord-blood-banking-pros-and-cons

The private centres that offer this service also have their pros and cons. Following are the points: Advantages of Private Banks of Umbilical Cord Stem Cells The possibilities of compatibility of the sample with relatives are greater than those of a public bank. Only those who contract the service can use the extracted sample. Disadvantages … Read more