THOUGHT FOR THE DAY

Friendship

"The language of friendship is not words but meanings."

- Henry David Thoreau

TOPIC OF THE DAY

Accounting for investments

This Standard deals with accounting for investments in the financial statements of enterprises and related disclosure requirements.

This Standard does not deal with:
(a) the bases for recognition of interest, dividends and rentals earned on investments which are covered by Accounting Standard 9 on Revenue Recognition;
(b) operating or finance leases;
(c) investments of retirement benefit plans and life insurance enterprises;
and
(d) mutual funds and venture capital funds and/or the related asset management companies, banks and public financial institutions formed under a Central or State Government Act or so declared under the Companies Act, 1956.

1 Shares, debentures and other securities held as stock-in-trade (i.e., for sale in the
ordinary course of business) are not ‘investments’ as defined in this Standard.
However, the manner in which they are accounted for and disclosed in the financial
statements is quite similar to that applicable in respect of current investments.
Accordingly, the provisions of this Standard, to the extent that they relate to current
investments, are also applicable to shares, debentures and other securities held as
stock-in-trade, with suitable modifications as specified in this Standard.

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LATEST ARRIVALS

Accounting for investments: equities, futures and options by R. Venkata Subramani

THOUGHT FOR THE DAY

Judgment

"Judge a man by his questions rather than by his answers."

- Voltaire

TOPIC OF THE DAY

Corporate Communication

Corporate communication is the communication issued by a corporate / organization / body / institute to all its public(s). Publics here can be both internal (employees, stakeholders, i. —e. - share and stock holders) and external (agencies, channel partners, media, government, industry bodies and institutes, educational institutes and general public).

An organization needs to talk the same message to all of its stakeholders, in order to transmit coherence, credibility and ethic. If one of these points is broken, the whole community can make this organization disappear. The Corporate Communication area will help this organization to build its message, combining its vision, mission and values and will also support the organization by communicating its message, activities and practices to all of its stakeholders.

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LATEST ARRIVALS

Harvard Business Review On Managing Projects by Harvard Business Review

THOUGHT FOR THE DAY

Love

"All love that has not friendship for its base, is like a mansion built upon sand."

- Ella Wheeler Wilcox

TOPIC OF THE DAY

Innovation and New product development

Product/service innovation is the result of bringing to life a new way to solve the customer's problem that benefit both the customer and the sponsoring company. New product innovation is where the source of growth and prosperity is. It is also now possible, with the range of new product innovation metrics tools available, to measure new product innovation much more precisely and intelligently.

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LATEST ARRIVALS

Managing innovation and new product development: concepts and cases by Mukesh Chaturvedi and others

THOUGHT FOR THE DAY

Dreams

“Dreams have only one owner at a time. That's why dreamers are lonely.”

-Erma Bombeck

TOPIC OF THE DAY

HR Transformation

In a constantly changing business environment, the top challenges for HR have remained the same—just changed in priority. Managing costs always was and still is on top of the agenda: four out of five Chief Human Resource Officers (CHROs) identify improving HR Function effectiveness as a high priority issue, and three out of four have a performance objective based on revenue, profit or cost.

Our HR Transformation service offering is dedicated to enabling our clients to achieve their individual goals in the crossfire of cost, talent and business intimacy.

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LATEST ARRIVALS

HR transformation: building human resources from the outside in by Dave Ulrich and others

THOUGHT FOR THE DAY

Trust

"To be trusted is a greater compliment than being loved."

- George MacDonald

TOPIC OF THE DAY

Partnership

Part of solving problems effectively with others is planning effectively through joint effort— understanding problems, generating options for response, evaluating those options meaningfully, and choosing a roadmap for action. But over the past few decades, a wide array of trends have expanded the scope, participation requirements, and potential—and the potential abuses—of planning.

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LATEST ARRIVALS

Harvard Business Review On Managing Projects by Harvard Business Review

THOUGHT FOR THE DAY

smile

"A warm smile is the universal language of kindness."

- William Arthur Ward

TOPIC OF THE DAY

Quality management

Quality management can be considered to have three main components: quality control, quality assurance and quality improvement. Quality management is focused not only on product quality, but also the means to achieve it. Quality management therefore uses quality assurance and control of processes as well as products to achieve more consistent quality.

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LATEST ARRIVALS

Harvard Business Review On Managing Projects by Harvard Business Review

THOUGHT FOR THE DAY

Computers

"Treat your password like your toothbrush. Don't let anybody else use it, and get a new one every six months."

Clifford Stoll

TOPIC OF THE DAY

Financial Performance

The large swings in farm commodity prices and incomes that have
become a part of agriculture make it important to closely monitor the
financial position of the farm business. Low prices and incomes cause
many farm business managers to ask questions about how to measure
their financial performance. “Am I in financial trouble?” “Do I have the
financial capacity to weather the storm?” “How do I know?” Assessing
financial performance is not difficult if you know what to look for.


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LATEST ARRIVALS

Value above cost: driving superior financial performance with CVA by Donald E. Sexton

THOUGHT FOR THE DAY

Happiness

"Happiness is when what you think, what you say, and what you do are in harmony."

- Mahatma Gandhi

TOPIC OF THE DAY

Competitor analysis

Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. This analysis provides both an offensive and defensive strategic context through which to identify opportunities and threats. Competitor profiling coalesces all of the relevant sources of competitor analysis into one framework in the support of efficient and effective strategy formulation, implementation, monitoring and adjustment.

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LATEST ARRIVALS

Innovator's toolkit: 10 practical strategies to help you develop and implement innovation by Harvard Business Press

THOUGHT FOR THE DAY

Optimism

"The optimist proclaims that we live in the best of all possible worlds; and the pessimist fears this is true."

- James Branch Cabell

TOPIC OF THE DAY

Innovation

Innovation is a new way of doing something or "new stuff that is made useful"[1]. It may refer to incremental and emergent or radical and revolutionary changes in thinking, products, processes, or organizations. Following Schumpeter (1934), contributors to the scholarly literature on innovation typically distinguish between invention, an idea made manifest, and innovation, ideas applied successfully in practice. In many fields, something new must be substantially different to be innovative, not an insignificant change, e.g., in the arts, economics, business and government policy.

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LATEST ARRIVALS

Innovator's toolkit: 10 practical strategies to help you develop and implement innovation by Harvard Business Press

THOUGHT FOR THE DAY

Dreams

"No dream comes true until you wake up and go to work."

- Anonymous

TOPIC OF THE DAY

Indian Forest Service

The Indian Forest Service (IFS) is the forestry service of India. It is one of the three All India Services of the Indian government, along with the Indian Administrative Service and Indian Police Service;its employees are recruited by the national government but serve under the state governments or Central Government.

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LATEST ARRIVALS

Geeks and geezers by Warren G. Bennis and Robert

J. Thomas

THOUGHT FOR THE DAY

Age

"Forty is the old age of youth; fifty the youth of old age."

- Victor Hugo

TOPIC OF THE DAY

Cost Accounting

In management accounting, cost accounting establishes budget and actual cost of operations, processes, departments or product and the analysis of variances, profitability or social use of funds. Managers use cost accounting to support decision-making to cut a company's costs and improve profitability.

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LATEST ARRIVALS

Geeks and geezers by Warren G. Bennis and Robert J. Thomas

THOUGHT FOR THE DAY

Government

"Here is my first principle of foreign policy: good government at home. "

- William E. Gladstone

TOPIC OF THE DAY

Social research

Social research refers to research conducted by social scientists, primarily within sociology, but also within other disciplines such as cultural/social anthropology, social policy, communication studies, human geography, political science, and social psychology. Sociologists and other social scientists study diverse objects: from census data derived from hundreds of thousands of human beings, to the in-depth analysis of one individual social life; from monitoring what is happening on a street today, to the historical analysis of what was happening hundreds of years ago.

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LATEST ARRIVALS

Social Research Methods by Alan Bryman

THOUGHT FOR THE DAY

Success

"'But' is a fence over which few leap"

- German Proverb

TOPIC OF THE DAY

Open Source Initiative

The Open Source Initiative (OSI) is a California public benefit corporation, with 501(c)3 tax-exempt status, founded in 1998.

The OSI are the stewards of the Open Source Definition (OSD) and the community-recognized body for reviewing and approving licenses as OSD-conformant.

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LATEST ARRIVALS

Geeks and geezers by Warren G. Bennis and Robert J. Thomas

THOUGHT FOR THE DAY

Nature

"He is richest who is content with the least, for content is the wealth of nature."

- Socrates

TOPIC OF THE DAY

Ageing

The ageing workforce and approaching retirement of the "baby boom" generation is changing how companies plan and execute their business strategies, with a greater emphasis on workforce planning as a way of improving competitiveness and boosting productivity.

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LATEST ARRIVALS

href="http://www.amazon.com/Ascent-Money-Financial-History-World/dp/1594201927"> The Ascent of Money: a financial history of the world by Niall Ferguson

THOUGHT FOR THE DAY

Attitude

“You cannot believe in God until you believe in yourself.”

-Swami Vivekananda


TOPIC OF THE DAY

International trade

International trade is exchange of capital, goods, and services across international borders or territories. It refers to exports of goods and services by a firm to a foreign-based buyer (importer) In most countries, it represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history its economic, social, and political importance has been on the rise in recent centuries.

Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is a major source of economic revenue for any nation that is considered a world power. Without international trade, nations would be limited to the goods and services produced within their own borders.

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LATEST ARRIVALS

Executive Writing Skills for Managers by Fiona Talbot

THOUGHT FOR THE DAY

Attitude

“I can't change the direction of the wind, but I can adjust my sails to always reach my destination.”

Jimmy Dean


TOPIC OF THE DAY

Essay

An essay is usually a short piece of writing which is often written from an author's personal point of view. Essays can consist of a number of elements, including: literary criticism, political manifestos, learned arguments, observations of daily life, recollections, and reflections of the author. The definition of an essay is vague, overlapping with those of an article and a short story. Almost all modern essays are written in prose, but works in verse have been dubbed essays (e.g. Alexander Pope's An Essay on Criticism and An Essay on Man). While brevity usually defines an essay, voluminous works like John Locke's An Essay Concerning Human Understanding and Thomas Malthus's An Essay on the Principle of Population provide counterexamples.

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LATEST ARRIVALS

Executive Writing Skills for Managers by Fiona Talbot

THOUGHT FOR THE DAY

Poetry

"A poem begins in delight and ends in wisdom."

- Robert Frost

TOPIC OF THE DAY

Spend Management

Spend management is the way in which companies control and optimize the money they spend. It involves cutting operating and other costs associated with doing business. These costs typically show up as "operating costs" or SG&A (Selling, General and Administrative) costs, but can also be found in other areas and in other members of the supply chain.

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LATEST ARRIVALS

The Ascent of Money: a financial history of the world by Niall Ferguson

THOUGHT FOR THE DAY

Faith

"I do not pray for success, I ask for faithfulness."

- Mother Teresa

TOPIC OF THE DAY

History of Finance

Finance theory has a surprisingly short history in economics. Economists have long been aware of the basic economic function of credit markets but they were not keen on analyzing it much further than that. As such, early ideas about financial markets were largely intuitive, mostly formulated by practitioners. Pioneering theoretical work on financial markets, notably that of Louis Bachelier (1900), tended to be basically ignored by theoreticians and practitioners alike.

Read on...

LATEST ARRIVALS

The Ascent of Money: a financial history of the world by Niall Ferguson

THOUGHT FOR THE DAY

Anger

"Rudeness is the weak man's imitation of strength."

- Eric Hoffer

TOPIC OF THE DAY

The Power of Positive Attitude

Positive attitude helps to cope more easily with the daily affairs of life. It brings optimism into your life, and makes it easier to avoid worry and negative thinking. If you adopt it as a way of life, it will bring constructive changes into your life, and makes them happier, brighter and more successful. With a positive attitude you see the bright side of life, become optimistic and expect the best to happen. It is certainly a state of mind that is well worth developing and strengthening.

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LATEST ARRIVALS

Dealing with difficult people by Harvard Business School Press

THOUGHT FOR THE DAY

Equality

"I believe in equality for everyone, except reporters and photographers."

- Mohandas Gandhi

TOPIC OF THE DAY

Enterprise relationship management

Enterprise relationship management or ERM is a business method in relationship management beyond customer relationship management.

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LATEST ARRIVALS

Dealing with difficult people by Harvard Business School Press

THOUGHT FOR THE DAY

Intelligence

"Action is the real measure of intelligence."

- Napoleon Hill

TOPIC OF THE DAY

Managing through a downturn

As the economy changes, employers are forced to manage their workforce more effectively and efficiently in a marketplace impacted by downturns and instability. Companies are more challenged to create ways to attract and motivate employees. As companies manage through the downturn, it gives way to opportunities, including re- evaluating processes, creating a new vision and re-aligning people with a clear path.


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LATEST ARRIVALS

Dealing with difficult people by Harvard Business School Press

THOUGHT FOR THE DAY

Imagination

"Live out of your imagination, not your history."

- Stephen Covey

TOPIC OF THE DAY

Kapil Dev

Kapil Dev was born on the 6th of January 1959 at Chandigarh, India. He began his Cricket career in Domestic Cricket from the Haryana team, with a match played against Punjab team in November 1975. Kapil took 6 wickets in the match and helped Haryana to win the match.

Kapil Dev Ramlal Nikhanj has been a Indian Cricket player, and is said to be one of the all time greatest all-rounders to have existed in the world of Cricket. Kapil also served the Indian Cricket team as its Captain, and is famous for being the only Captain of the Indian Cricket team that led it to win a World Cup Cricket Trophy in the year 1983.

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LATEST ARRIVALS

Retire Retirement: Career Strategies For The Boomer Generation by Tamara J. Erickson

THOUGHT FOR THE DAY

Manufacture

"No one will manufacture a lock with out a key. Similarly God wouldn't give you problems without solutions."

- Anonymous

TOPIC OF THE DAY

Technology Management

Technology Management is set of management disciplines that allows organizations to manage its technological fundamentals to create competitive advantage. Typical concepts used in technology management are technology strategy (a logic or role of technology in organization), technology mapping (identification of possible relevant technologies for the organization), technology roadmapping (a limited set of technologies suitable for business), technology project portfolio ( a set of projects under development) and technology portfolio (a set of technologies in use).

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LATEST ARRIVALS

An Introduction To Business Ethics by Joseph R Desjardins

THOUGHT FOR THE DAY

Success

"If A is success in life, then A equals x plus y plus z. Work is x; y is play; and z is keeping your mouth shut."

- Albert Einstein

TOPIC OF THE DAY

Human factors psychology

Human factors is an area of psychology that focuses on a range of different topics, including ergonomics, workplace safety, human error, product design, human capability and human-computer interaction. In fact, the terms human factors and ergonomics are often used synonymously, with human factors being commonly used in the United States and ergonomics in Europe.


Read on...

LATEST ARRIVALS

An Introduction To Business Ethics by Joseph R Desjardins

THOUGHT FOR THE DAY

Intelligence

"I not only use all the brains that I have, but all that I can borrow. "

- Woodrow Wilson

TOPIC OF THE DAY

Global warming

Global warming is the increase in the average temperature of the planet Earth's near-surface air and oceans since the mid-20th century and its projected continuation. Global surface temperature increased 0.74 ± 0.18 °C (1.33 ± 0.32 °F) between the start and the end of the 20th century.The Intergovernmental Panel on Climate Change (IPCC) concludes that most of the observed temperature increase since the middle of the 20th century was caused by increasing concentrations of greenhouse gases resulting from human activity such as fossil fuel burning and deforestation. The IPCC also concludes that variations in natural phenomena such as solar radiation and volcanism produced most of the warming from pre-industrial times to 1950 and had a small cooling effect afterward. These basic conclusions have been endorsed by more than 40 scientific societies and academies of science,[B] including all of the national academies of science of the major industrialized countries.


Read on...

LATEST ARRIVALS

An Introduction To Business Ethics by Joseph R Desjardins

THOUGHT FOR THE DAY

History

"I like the dreams of the future better than the history of the past."

- Thomas Jefferson

TOPIC OF THE DAY

Emerging Markets

The term emerging markets is used to describe a nation's social or business activity in the process of rapid growth and industrialization. Currently, there are approximately 28 emerging markets in the world, with the economies of China and India considered to be by far the two largest.[1] According to The Economist many people find the term dated, but a new term has yet to gain much traction.[


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LATEST ARRIVALS

Growth and development in emerging market economies edited by Harinder S. Kohli