Archive for the ‘Accounting’ Category

Business is like an iceberg, 90% of the iceberg is under water, unable to be seen, while only 10% can be observed from the surface. What our teacher wanted us to say is that when we have a project or business idea, it is extremely important to investigate, to know everything about it, from how it works, how it is administered, as sold, etc.

But as you can see the entire iceberg? Thanks to technology, we can investigate virtually any business from the internet, there are blogs on a variety of businesses, where they discuss techniques, tips, and books are shared and diverse experiences in the world of business.

Once you have visited and read all the blogs and web pages I can, I advise you to make a small business plan (to start), write down your ideas and aspirations of your project, and discuss them with people who have had experience in the area or professionals who have more expertise.

Another important tip, is to observe, for example, if you plan to open a clothing store, clothing stores visit, look at the prices in the service, which can be improved, please the client position and rate each part the purchasing process. This will help you have more ideas for your business; provide the way to go to run the business, because it will be familiar with the processes.

In conclusion, to investigate all the theoretical and practical part of your business idea, do not rush this process because it is extremely important, so you have more knowledge of how to manage your business, and about the benefits and negative aspects of your project.

In the business world can respond quickly and strongly, the fact is that many times you forget what a customer for company and we neglect the attention and care they deserve.

The client is a figure that is always present, of course, is accusing the products and services that companies offer and what they get consolidated in the market and earn income and returns to position themselves and survives.

Then why is there sometimes is ignored and neglected the importance of the treatment they deserve?

The answer is complicated but some reasons are:

“That the company is not able to transmit to the persons composing the importance of this figure to the survival of the, that certain steps are a little more time consuming and can delay the other tasks, that there are no clear guidelines for action to any incident..Etc.

It seems that the above does not make much sense when investing large sums of money and resources to investigate new lines of business, create new products or services, attract customers, make known, advertise…

The truth is that everything mentioned above is important, but to dedicate a part of that effort to involve and educate the workforce of the companies in the care and customer service is essential.  What are the customer and its importance?

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The former president of the Association of Certified Public Accountants and a partner in KPMG Panama, Milton Rayon said it is up to the Accounting Technical Board of Panama, an entity under the Ministry of Trade and Industry (MITI), to rule as to when they to apply these standards and what is your definition for “Sees.”

He stressed that the implementation depends on each country and Panama is the only Central America, where the regulatory body of accounting has not decided yet. The new rules for Sees has about 300 pages instead of the 3 000 pages containing the general rules, making it much easier and friendlier.

Henri Fortin, World Bank, said the general international standards pose a very low threshold, so that demand for relatively small companies as well as large enterprises when they were designed for companies that are publicly traded and can not expect a very small company complies with the standard of transparency in a large company.

“The solution is simple, you must update the regulatory framework to incorporate this new standard did not exist and is the equivalent to the full standard, but for Sees and is the tool of the future for the counters of most companies “he added.

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There are many ways that Companies invest in research into new lines of business, create new products and services, we let me know … Then it’s time to go to the client and perform commercial activities. So that the customer is satisfied with what we are offering and what we can offer in the future, the need for proper management of relations between our company and the customer.

The importance of customers

The client is the protagonist of the commercial. Give a good response to their demands and resolve any suggestion or proposal is essential. The client is, for many reasons, the reason for existence and security of the company’s future.

Stew Leonard is president of the supermarket chain that bears his name (Stew Leonard’s). Are larger stores, where milk packaging showing the public how often the product is on base. ”You have to provide information and entertainment,”said Stew, and the truth is that the formula works: Customers love to buy fresh milk packaging.

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The valuation of transactions between members professionals, individuals and entities linked has been a controversial issue that has been legislative changes over time.

The last amendment is the Royal Decree 1793/2008 of November 3 amending the Corporate Income Tax Regulation laying down the criteria for determining when a transaction takes place at market value adjustment and regulating the administration would have to perform if operation is not considered done at market prices.

To enjoy this assumption include the question of a small size company in which more than 75% of its revenue comes from providing professional development activities, as well as human and material resources for it. On the other hand, the results for the year prior to the deduction as an expense of the salaries of professional partners, must be positive and that the partners must obtain a return of not less than 85% of the previous positive result. This will move the most profit company that partners must include in their income tax.

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New breakthrough in the form of National Identity Document (DNI) issued by the Directorate General of Police (Home Office) is the document that endorsed, for more than 50 years, identity, personal information appears in it and nationality to their owners, such as countries that have long been used Spain.

Throughout his life, national identity has evolved to incorporate advances in technology available at that time, in order to increase both the scope and document security.

With the advent of the Information Society and Internet use is widely need to adjust the mechanism of accreditation of the personality with the new reality and have an effective instrument that transfers the digital world the same certainty with which we operate every day in the physical world and, basically, is:

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The focus in the last ten years for certain companies to provide financial information to users without experience or knowledge in accounting he addressed the views of professionals toward simplified financial Statement.

Have the biggest companies have expressed interest in providing simplified information to employees and shareholders, so that we can say is a growing practice, intended to satisfy information needs about large groups of users who increasingly insisted upon a realistic and understandable.

On the issue that concerns us the PGC certainly does not arise simplified reporting as understood in other countries, but we refer to the possibility of abbreviated states, which means be at an intermediate position between developed states and so-called simplified information. However, we must point out that states abbreviated, assuming an advantage for small businesses by reducing the information requirements, and therefore the cost of preparing its accounts, it represents no advance in order to improve communication with large groups have an interest in the progress of the entity, shareholders, employees, creditors, etc., because the formats provided as such, pose similar problems of interpretation than those established as normal for larger companies.

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Chilean investments abroad tripled during the first half of 2010 compared with the same period last year reaching U.S. $ 3.185 million, according to the Santiago Chamber of Commerce (CCS). The figures in the first half year amounted to, well, 76% of detected investment throughout 2009 and cumulative investment since 1990 amounts to 47.8 thousand million dollars.

If one considers only the second quarter of 2010, the reported value of transactions amounted to 1.442 million dollars, the highest amount for that period in the last 10 years, influenced by major announcements of industrial projects in Peru. The CCS anticipated also that the alliance will combine the operations of the Chilean airline LAN and TAM, to be counted during the second half, could secure a record on investments identified during this year.

For countries of destination during the first half of ads investments abroad are concentrated in Latin America. Peru accounted for 56% of the total, mainly sales sector projects department in the first quarter and industry in the second, which that country has over 9,290 million dollars of Chilean investments for the period 1990 – 2010.

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