Accounting consists of all the processes in designing and operating an efficient accounting information system that leads to the collection, recording, measuring, summarizing, analyzing and communicating of the results of… Read More »The 11 Accounting Functions in Organization Information System

Sales journal is a book of original entry used to record all goods sold and services rendered on credit to a third party in the order in which they occurred… Read More »Sales Day Book or Sales Journal and Its Uses

The functions of accountants are multi-facet because it covers all the process involved in the conception of a business idea, the birth of the business, its sustenance, and possibly the… Read More »The Nine (9) Functions of Accountants

Accounting as a form of knowledge and profession consist of different branches as explained below. 1. Financial Accounting Financial accounting started from stewardship duty and is concerned with the keeping… Read More »The Five (5) Branches of Accounting

The release of accounting information is not a guarantee that such report is correct. There are basic tests to which any accounting report could be subjected. These tests are the… Read More »The 8 Qualities of Good Accounting Information

Every business organization is expected to keep its financial records accurately and in an orderly manner. This task is expected to be performed by an accountant engaged for such purpose… Read More »Definition of an Accountant and the Essential Features of a Business Organization

Like any other discipline or course, accounting did not evolve suddenly, but the beginning of accounting was stewardship, where a person is employed on someone else’s property and the employee… Read More »The Scope and Five (5) Natures of Accounting

The nature of the products-intangibility makes it imperative that marketing techniques be used to inform or tell customers exactly what they are buying and what range of the services are… Read More »Need for Marketing in the Financial Service Industry

Your skills are those qualities that makes you unique and differentiates us all from each other of which it can be used as a side hustle and monetized if properly… Read More »8 Steps on How to Turn Your Skills into a Lucrative Side Hustle

The conditions for effective market segmentation are: 1) Measurable: There must be some ways of measuring the size and purchasing power of the segments. 2) Accessible: The firm (Bank) should… Read More »Characteristics of Effective Market Segmentation

Three strategic options are open to marketers indeed organizations, in choosing markets and products to use in serving the markets. These are mass marketing/undifferentiated marketing, product variety/product differentiation marketing, and… Read More »Service Market Segmentation Strategy

Products of the financial services industry are intangible and therefore cannot decay, deteriorate, depreciate or form. Financial services cannot be inventoried just as physical goods can. Prices of financial services… Read More »Features of Financial Services and Conditions for Effective Entrepreneurial Marketing

These are services being rendered by financial institutions such as Banks, Insurance Companies, Finance Houses, Pension Funds, Stock dealers and brokers, etc. Financial institutions most especially banks are economic growth… Read More »Meaning of Financial Services and Categorization of Financial Institutions

Here’s a complete guide on how to produce liquid soap. Hydrometer or limos paper should be used to test the acidity of the solution which is normally caused by caustic… Read More »How to Produce Liquid Soap

Market segmentation is defined as the subdivision of a market into a homogeneous subset of the customers, where any subset may conceivably be selected as a market target to be… Read More »Definition and Meaning of Market Segmentation

Denso (2004) says a partnership is an association of two to twenty persons carrying on a business in common with the view of making a profit. The partners contribute both… Read More »Features and Advantages of Partnership as a Kind of Business