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Showing posts from September, 2008

Management Accountant moves to

Management Accountant which was earlier has moved to its own domain .You will be able to access the blog same as before. The technical changeover is seamless since Management Accountant blogs on the blogger. I had moments of challenge when I had changed the setting in the domain name control panel. Now I am delighted with the new home . The first post was published in Management Accountant on 25th Nov 2006 " Best Practice Managerial Accounting with MySAP ERP Financials ". Then there has been series of articles published that would help the Management Accountants and the aspiring ones. Few statistics I would like to share with you (readers) about the Management Accountant Blog. Top 10: Most Read pages on The Management Accountant Blog Home Page SAP FICO Interview Questions Profit Smoothing Throughput Accounting SAP FICO Certification Questions 1 SAP FICO Certification Questions 3 SAP FICO Certification Questions

Cost of buying information

In the Information Technology age, we have wide sources available for information that would help in decision making. A skilled user of internet will gather information free on internet and the lesser ones will seek advice from their friends or colleagues or buy information in the form of journals, magazines or library subscription. What will you rely on when you make decisions in your company ? Harvard Business School's Francesca Gino published a working paper, "Getting Advice from the Same Source but at a Different Cost: Do We Over weigh Information Just Because We Paid for It?" Gino's results are based upon an experiment where subjects were asked to answer different sets of questions about American history and were provided the opportunity to receive free advice as well as costly advice—the same advice, as it turned out. Gino's conclusion: When the advice is costly, subjects are more inclined to take it into consideration and use it. And that conclusion

Financial Accounting e-book project - Dr D V Ramana & Team

Dr D V Ramana Ph.D, Professor, Accounting, Xavier Institute of Management, Bhubaneswar. Dr. D V Ramana has converted his teaching notes into an e-book. This is opened for the students on a pilot basis to get their feedback and suggestions for improvement. Visit Unable to see the video. Click here The e-book contains videos on various topics on finance. Dr D V Ramana would like inputs from you on this project. You will be glad to know that he is also working on IFRS e-book project. I congratulate him for his efforts on Financial Accounting e-book and wish him All the best for his future projects. PS: Dr Ramana is a subscriber of Management Accountant Blog. If you are interested to make a guest post on the projects you have undertaken or your article on specific topic that would help the readers, I would be happy to post the same on the blog. Please contact me . Regards, Santosh Puthran Do you like to be updated in Accountancy ? Subscrib

Beyond Budgeting

A radical proposition? - From The Beyond Budgeting Round Table (BBRT) Budgeting, as most corporations practice it, should be abolished. That may sound like a radical proposition, but it is merely the final (and decisive) action in a long running battle to change organizations from centralized hierarchies to devolved networks. Most of the other building blocks are in place. Firms have invested huge sums in quality programs, IT networks, process reengineering, and a range of management tools including EVA, balanced scorecards, and activity accounting. But they are unable to establish the new order because the budget, and the command and control culture it supports, remains predominant. 10 reasons why budgets cause problems: Budgets are time consuming and expensive. Budgets provide poor value to users. Budgets fail to focus on shareholder value. Budgets are too rigid and prevent fast response. Budgets protect rather than reduce costs. Budgets stifle product and strategy innovation. Bu

Guy Kawasaki presents "The Art of the Start"

"The Art of of Start" is an excellent presentation on what you should do when are a start-up business. The presentation has tips and is with humour. Highly recommended video to watch. Unable to View. Then click on this link Connect me on Social Networking Websites :- Facebook - Stumbleupon - Digg - Twitter - Technorati - FriendFeed - Plurk Regards, Santosh Puthran Would like receive the next update in your Inbox ? Subscribe to Management Accountant by Email Or Subscribe in a reader Please visit our stores Management Accountant Store, US - Powered by Amazon Management Accountant Store, UK Stores - Powered by Amazon, UK Digital Store, US You may also like to read I beg to differ - How to make fool of yourself Requirement Analysis - Humour A lesson for every salaried employee Job Rotation - A donkey Story 15-June-08 A Leader should know how to manage failure 15-May-07 Parables for our time 24-Jan-07 What

Chrome A new starter

Rumors were put to rest when the Google launched its new browser " Chrome ". The beta version claims "Google Chrome is a browser that combines a minimal design with sophisticated technology to make the web faster, safer, and easier." Most of the products that google launches are in beta and they allow the public to test their products till they finally graduate. Gmail which was launched in 2004 is still at beta stage !!! Source: The new starter Chrome is a new starter in the browser market which is largely dominated by Internet Explorer. Firefox is becoming a popular open source and has made a dent in the market. With "Enter the Chrome" will the browser users be split in three or one of the browser is going to die. In my earlier post, " How does Firefox make money ?", I found that Firefox makes money from Google Search and other affiliate programs. So if there is shift by users to Chrome br

Customer Loyalty cards

Year 1998: Our company was selling merchandise directly to the end customer. The customer were small corner shops who were buying worth £ 100 worth products in mix and match. Our finance director insisted that when recording the sales in the computer system, the sale should be recorded customer wise instead of lumping it under miscellaneous customer. The volume of sales was small in comparison to overall sales, but our finance director insisted on getting customer on the database. Year 2008: Now when I go to any supermarket or a petrol pump, I have got loyalty cards for each of them. I prefer to go to a particular supermarket, since I get loyalty points and rebate coupon. Buying from a particular pump, I earn "free air miles". Each time you checkout, you offer your loyalty card be swiped. Has the shopping experience changed in last 10 years ? Has the data gathering techniques about the customer preferences changed ? According to article "The card up their