Ideas, projects and reading notes.
Reading notes:
« Essential Finance and accounting for managers »
Chapter 1: “An introduction to the accounting scene”
• Accounting is not an exact science ! (Example, the depreciation policy)
• Who are the users of financial reports ?
o Directors
o Shareholders
o Bankers
o […]
• Assets = Liabilities + Owner Equity
• Asset is the money you spend in order to operate the business
• Balance sheet represents the financial position of a company at a specific moment in time
• The balance sheet must always keep its equilibrium
• […]
Businessmen who talk about “social conscience”, environment, discrimination are just “unwitting puppets”.
Business is not an entity in itself whereas a person or a company that’s why we can’t talk about the responsibility of a business.
Social responsibilities are on the individual level not on the business level.
“[…]The businessman—self-selected or appointed directly or indirectly by stockholders—is […]
As it hought that it couldn’t hurt to refresh our memories on Milton Friedman i’ve found a great article on wikipedia about him:
Extracted from Wikipedia:
Milton Friedman (born July 31, 1912) is an American economist, known for his work on macroeconomics, microeconomics, economic history, statistics, and for his advocacy of laissez-faire capitalism. In Capitalism and Freedom […]
You may have already posted some articles on digg.com or on your blog which have started a lot of comments, sometimes comments are precious insights but others it’s a bit hard to answer to some very hostile and rude comments.
This is a short list which will help you to quickly resolve these situations without going […]
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