The Christian faith records that the earth and its occupants were created by the spoken word. In human relations, agreements recorded by words are binding on the makers of such agreements. The government regulates human relations using words set out in statutes and other regulatory documents. A soft word has been known to turn away anger while a rash word has been known to aggravate anger. Famed public speakers and renowned writers are so famed for their words. Need one say more then, that words can be used as a catalyst of change and glamour, it all depends on the arrangement and use of the words. A pen which is the traditional means of writing, can therefore be said to be a catalyst of change or glamour. So also are the more modern means like phones, tablets, laptops and what have you?
Of course, even good things can be misused, thus words if not appropriately put together, can shut doors firmly rather than throwing them wide open.
Appropriate words, create the right imagery in one’s mind and make one literally touch the items being referred to in the words. No wonder, the world could be created with words…
Cheers to making your pen your catalyst of change, glamour and other things to be held dear as I strive to do daily.
A decision tree is a tool for analysing a decision in a methodical manner. It provides a picture showing all the connections among choices and uncertainties. It is like a blueprint for the architecture of a decision. And as decision-makers, we would be very helpful if we adopt the use of decision trees the way a builder relies on a blueprint while constructing a house.
Example of a decision tree:
Decision trees are particularly needed in resolving a tough choice under uncertain conditions, for example in choosing which company stocks to invest in with different probabilities of price gain and price losses. The decision tree will show all possible pathways with their probabilities and sequences.
Having written exams at least once every year for the past 32 years of my life, it’s unbelievable that impending exams can still make one feel one typa way.
Exams are meant to be a test of knowledge but they often cause jitters instead. Could it be because of Naija lecturers’ approach of deliberating setting esoteric items for exams? Which make all your studying and comprehension seem like a rude joke?
Anyways, I’m glad our LBS faculty are not like that. Exams here look to be a true test of understanding & knowledge. As they largely require application of principles not just a regurgitation of theories. I dare say that the exams are designed in such a way that even in an open book mode, you may not be able to answer the questions correctly without knowing how to apply the principles - something you will never see in the open books anyways. Smart guys!
Management Communication and Corporate Financial Accounting (CFA) went down yesterday. And I’m generally pleased with the outcome. No worries of failing even though I can’t really tell what score I will pass with.
Circling back to exams being a test of knowledge, for CFA - it dawned on me during the exams that I do not yet fully grasp the principles around posting of debit and credit entries. Well, though the exams are over, I’m sure going back to my materials to iron that out. ‘Cos ultimately, the point of my N7.2m is to learn organically not just pass exams procedurally.
Cheers to DA & ABP exams in a fortnight
Its funny that i just started hearing of this some days back.. Michael Porter brought about the 5 forces of competitive strategy that show how to analyse a company's competitive environment.
The Potter Five Forces model identified five main sources of competition, namely:
- Bargaining power of suppliers
- Bargaining power of Buyers
- Threats of New Entrants
- Threats of Substitutes
- Competition of existing competitors in the industry
I remain your humble expert, no semi expert ❤️❤️❤️I
MBA oh MBA,
One thing I’m so sure of even with only one (out of six) semesters completed, is that the modular MBA programme enables effective multitasking.
Because the modular MBA presupposes that the candidates are working alongside studying, it means there’s much more to successfully juggle in such little time. And considering that MBA materials can be voluminous, prioritising and strategy is key. It’s not about how much one can read but how well - one can distill salient facts from a truckload of information. This helps at work too. Prioritisation of tasks and quickly getting to the heart of the matter.
I suddenly realise that in spite of juggling MBA, work, PhD thesis and two professional exams, I can achieve my deliverables in all - and still manage to throw in some time for my loved ones and me time too❤️
This past 5-6 months in the MBA class, my life has changed:
- I have gone through so many emotions: laughed, cried, been happy, been angry, been sad, outraged, indifferent sometimes.
- My room is a mess.
- My relationships have suffered.
- Social life has plummeted to a zero level.
Although it seems my life is in disarray, i have acquired 10 years worth of knowledge in 5 months. My life needed to turn upside down to be built up again.
I sm extremely grateful for this opportunity i have been given by God, and hope and pray i make good use of it. I hope i am really able to internalize all these learnings in my everyday life..
In other news, exams start tomorrow. Please pray for me. I remain your humble expert, no semi expert.. ❤❤️❤️
Asset Accounts are accounts where the Assets of the company are recorded.
Assets are resources under the control of a business that have monetary value.
These Assets include buildings, machinery, raw materials, cash, and other resources a company needs in their operations and to make investments.
The Assets which the company can convert into cash within one year are called Short Term Assets, while the Assets that cannot be recovered within one year are called long term assets.
Assets are financed by the shareholders equity and banks and creditors: Assets = Owners Equity + Liabilities
Generally, the more Assets a company has, the more investments it can make and the more its ability to create positive net cash flows.
Liability Accounts are the accounts that records how much a company owes to banks and other creditors who are financing the part of its asset not covered by the shareholders' equity.
Like Assets, there are short term Liabilities and long term liabilities.
Depending on the industry, a high liability figure might be regarded as positive or negative.
Revenue Accounts are those accounts where the income of a company are recorded.
A company produces goods and services and sells them to customers, and the proceeds from these operations are revenue. This revenue is called operating revenue because it comes from the main activities of the company.
However, when the company makes income from an activity not considered to be the company’s main activity, that revenue is called nonoperating revenue.
It is important that a company keeps his revenue high, because high revenues are impacted positively on profits.
Expense Accounts are those accounts the expenses of a company are recorded
Just as in Revenue, the Expenses that relates directly to the main activity of the company are operating expenses, while those not related directly are called non-operating expenses.
Every company will work towards keeping its expenses low so that it can maximize profit and reduce cash outflows.
Equity account records the value of a company that belongs to its Shareholders.
Equity represents what the shareholders will have remaining if they sold all the assets of a company and paid all its liabilities It is made up of the money invested by shareholders plus all the profits and losses that the company has earned or lost on behalf of its owners or shareholders.
"You will never know how strong you are until being strong is the only choice you have," said Bob Marley. Today, I will be strong as though that is the only thing I have to do; because truly, that is all I truly have to do. Anything I do without my best effort, is yet to to be done well. On being my best, there are no alternatives, not one. My schedule today is 'best'.