Professional Presentations - SAWF Educational Academy

Wednesday, 19 August 2015

Some Qualities of a Good Software

Software development is the computer programming, documenting, testing, and bug fixing involved in creating and maintaining applications and frameworks involved in a software release life cycle and resulting in a software product.

One of the most important characteristics of a good software module is its compatibility with required efficiency. It must be designed and developed in such a way as to provide the intended results accurately. Since the purpose of creating software or module is to facilitate the clients or the users in their related tasks, it is essential to ensure that the objective is being accomplished accordingly or not.

A few more defining features of a software module that are of abiding importance are: its maintenance, efficiency, portability and the storage savings and being error free. While performing its tasks in an efficient manner, a good software module or a huge program that consists of various sub programs or routines, has many good features to make the whole process of producing the intended results easier by reducing time and efforts of the users to a greater extent.

Ways to learn and Improve Accounting skills

Financial Accounting, in simple terms, is the process or work of keeping financial accounts. In a broader sense, accounting is defined as being the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least of financial character and interpreting the results thereof.

Financial Accounting is so important that it opens doors in every kind of business. However, it is not just confined to business only. Accounting is important to anyone who deals with money. In this way, learning and improving accounting skills is not much less important than it is for professional purpose. At this point, it is appropriate to mention some of the basic accounting skills: They are as follows:

Understanding about the basic accounting equation
Being familiar with accounting terms
Passing Journal entries
Making Reconciliations
Problems solving ability
Financial Reporting

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Monday, 17 August 2015

Financial Analysis tools and techniques

Financial Analysis is defined as being the process of identifying financial strength and weakness of a business by establishing relationship between the elements of balance sheet and income statement. The information pertaining to the financial statements is of great importance through which interpretation and analysis is made. It is through the process of financial analysis that the key performance indicators, such as, liquidity solvency, profitability as well as the efficiency of operations of a business entity may be ascertained, while short term and long term prospects of a business may be evaluated. Thus, identifying the weakness, the intent is to arrive at recommendations as well as forecasts for the future of a business entity.

Financial analysis focuses on the financial statements, as they are a disclosure of a financial performance of a business entity. “A Financial Statement is an organized collection of data according to logical and consistent accounting procedures. Its purpose is to convey an understanding of some financial aspects of a business firm. It may show assets position at amoment of time as in the case of balance sheet, or may reveal a series of activities over a given period of times, as in the case of an income statement.”

Since there is recurring need to evaluate the past performance, present financial position, the position of liquidity and to assist in forecasting the future prospects of the organization, various financial statements are to be examined in order that the forecast on the earnings may be made and the progress of the company be ascertained.

The financial statements are: Income statement, balance sheet, statement of earnings, statement of changes in financial position and the cash flow statement. The income statement, having been termed as profit and loss account is the most useful financial statement to enlighten what has happened to the business between the specified time intervals while showing, revenues, expenses gains and losses. Balance sheet is a statement which shows the financial position of a business at certain point of time. The distinction between income statement and the balance sheet is that the former is for a period and the latter indicates the financial position on a particular date. However, on the basis of financial statements, the objective of financial analysis is to draw information to facilitate decision making, to evaluate the strength and the weakness of a business, to determine the earning capacity, to provide insights on liquidity, solvency and profitability and to decide the future prospects of a business entity.

There are various types of Financial analysis. They are briefly mentioned herein:

External analysis: The external analysis is done on the basis of published financial statements by those who do not have access to the accounting information, such as, stock holders, banks, creditors, and the general public.

About me

I am an Individual Member of Institute of Management Consultants of India. I am a Professional with a high creative capability based on Business, Management, Financial Accounting, Management Accounting, Finance, Management Consulting and Computer programming background. I impart part time training and development programs. I write professional articles on the aforementioned subjects including Software Engineering. My writings have appeared in various Journals, magazines, news papers and news letters. I have also written books/eBooks on business and management subjects including business English.

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Wednesday, 19 August 2015

Some Qualities of a Good Software

Ways to learn and Improve Accounting skills

Monday, 17 August 2015

Financial Analysis tools and techniques