Those who accept dishonesty as dignified, and adopt it
as their idea, fail to analyze the situation in a thorough enough manner. The
truth is that money simply cannot be earned by dishonest means. Even when we do
acquire some wealth temporarily, it cannot stay and really be ours. Ennobling
livelihood can only be earned through courage, wisdom, discipline, dexterity,
and skillfulness. Earning through dishonest
/ devious means leads to results
that are not only unstable but are also demeaning and dishonesty invariably
leads to public anger, outrage, hate , isolation, and sadness. In practice,
deceit and corruption are sugar coated with a fake layer of honesty for it to
work. Conning does require establishing trust and confidence. If any suspicion
arises, the person being conned is likely to jump out of the trap. Once proven
guilty, the conman loses credibility forever and ends up bearing more eventual
losses than profits. There could be scores of everyday examples where people
who are caught bribing, cheating , evading taxes, doing black marketing, and
illegally hoarding not only get severely punished by the law but they also lose
their social status and prestige. Once their deeds become public, everyone
starts hating them.
Sunday, 7 September 2014
Wednesday, 3 September 2014
Importance of working capital management
It is a significant fact of
financial management. Its important stems in two reasons;
-
Investment in current assets represents a substantial portion of total investment
- Investment in current assets and the level of
current liabilities have to be
geared quickly to change in sales.
The
importance of the working capital management is also reflected from the activities of
financial managers who spend a great deal of time in managing current assets and current liabilities. Arranging short term financing, negotiating favorable credit terms, controlling the movement of cash, administering account receivable, and investing short term surplus
funds consumes a great deal of time of financial manager. A
business enterprise with ample working capital is always in a position to avail
advantages of any favorable opportunity either to buy raw materials or to
implement a special order or to wait for enhanced market status. No business
can run effectively without a sufficient quantity of working capital. It is
crucial to retain right level of working capital. Finance manager is required
to decide the amount of accurate working capital. The overall success of the
company depends upon its working capital position. So, it should be handled
properly because it shows the efficiency and financial strength of company.
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