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Opinion

After the Initial Months on the Job

At first you were the new kid on the block and striving to find your way in your new job -- learning the fundamentals. Now that you've been on board a couple of months, your priorities have shifted. You want to take control of your responsibilities and show you're ready to tackle the role, but you may not know everything you need to succeed in your organization.

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Credit Risk: So Far So Good

Mitali Kalita takes a journey through the world of credit risk - how to manage the most significant risks, the challenges and benefits of implementing a credit risk management practice, and the evolving trend of credit risk mitigation.

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Boost Profits With Excel

Your company CEO or client asks you to figure out a way to maximize profits. Specifically, he wants to know the most profitable product mix, whether the company has the capacity to meet demand with that mix and the value of adding capacity. Using paper and a pencil, you can calculate the answers in a few hours. Or, if you use Excel’s Solver, you can produce not only one analysis but several with multiple options—in just a few minutes.

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Global Convergence on IAS-12: Why Temporary and not Timing difference?

The evolutionary development of IAS 12 “Income Taxes” has covered a long way and also inspired several reporting frameworks all over the world. The reporting of income tax in the financial statements of an entity has always been a much debatable issue under different financial reporting frameworks including international scenario developed by IASB. Since its inception, it has covered a journey from flow through accounting leading to partial provision and at last to full provision accounting.

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Make your email resume stand out

More and more people are sending their resumes electronically. In a recent survey, executives said 56 percent of the resumes they receive are submitted by email -- a 22 percent increase from when the question was asked three years earlier.

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Self-assessment and audit

The taxpayers borne on the national tax number register of Pakistan are familiar with the concept of self assessment scheme. Prior to the promulgation of Income Tax Ordinance, 2001, almost every year taxpayers were anxiously waiting for a circular bearing the subject “Self assessment scheme or universal self assessment scheme”. In order to provide a consistent policy framework, Income Tax Ordinance, 2001 has embraced the concept of self assessment scheme through section 120.

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Responsibilities of external auditors

Websters Online dictionary defines the word “responsible” as (1) liable to be called upon to answer for one’s acts or decisions : answerable (2) able to fulfill one’s obligations : reliable , trustworthy (3) able to choose for oneself between right and wrong and (4) involving accountability or important duties. Hence the word “responsibilities” is defined as something for which one is responsible.

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Interview Questions You Should Ask

Now that the job market appears gradually more optimistic, people are dusting off their resumes and preparing to head into interviews. Once things really turn around, however, it is likely that you won't be the only one applying for any given position. Many key members of organizations who have been working lean and waiting for the economic climate to improve may be flooding the job market simultaneously.

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Auditioning for the Job

Finding the perfect job is never easy. And in today's competitive market, it can take time a fair amount of time and patience to secure your next career move. One way to get your foot in the door with a prospective employer is to audition for the job through temporary assignments.

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Tax asset: misleading the small investors

The creation of a DTA is a new phenomenon created by IAS-12 and has provided an opportunity to the listed companies to credit handsome amount to their income statement without any tangible receipt. This has turned the loss before tax of many companies into a profit after tax without any tangible addition to the assets of the company.

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