Business Action Plan
Posted by Peter Baskerville in Apr, 2016
What is a Business Action Plan? A Business Action Plan can help set you on the right track. It is an internal business document that lists the actions you must take within a certain timeline, while running your business, to achieve a goal. What is the purpose of a Business Action Plan? The purpose of […]
Category: BSBSMB404
Post Tagged with action plans, actionplan, business, business action plan, goals, objectives, strategy Financial Transaction in accounting
Posted by Peter Baskerville in Aug, 2015
What is a financial transaction in accounting? In accounting, a financial transaction in accounting is an event that impacts on the monetary value of an asset, a liability, or the owner’s equity of a business and causes it to change. A financial transaction is characterized by the monetary impact it has on the financial statements […]
Category: BSBFIA301
Business Performance Measures
Posted by Peter Baskerville in Aug, 2015
What are Business Performance Measures? Business performance measures are a set of quantifiable metrics taken from various sources that together with an appropriate analytical process, allows the management of a business to track and assess the current status of a specific business, project or process. Business performance measures may be compared with pre-set goals and […]
Category: BSBSMB405
Post Tagged with Balances Scorecard, Business Metrics, Business Performance, KPI, Performance Appraisal, Six Sigma, SMB Debits and Credits
Posted by Peter Baskerville in Aug, 2015
Read Peter Baskerville‘s answer to Does debit mean what I’m getting and credit mean what I’m losing in accounting? on Quora
Risk Audit
Posted by Peter Baskerville in Nov, 2014
What is a Risk audit? A risk audit is a study to determine the validity of risks, and the ways that those risks can be minimized through cooperation of employers and employees. What is a Risk audit like? A risk audit is like a sporting team performing a study on sports injuries, and then implementing […]
Risk management
Posted by Peter Baskerville in Dec, 2013
What is Risk management? Risk management is the process of identifying, evaluating and prioritising risks, then identifying and taking steps to minimise these risks. What is Risk management like? Risk Management is like the safety features in a car. When you are out driving, you will encounter bends in the road or other problems which […]
Risk management standards
Posted by Peter Baskerville in Dec, 2013
What are Risk management standards? Risk Management Standards set out a specific set of strategic processes which start with the overall aspirations and objectives of an organisation, and intend to help to identify risks and promote the mitigation of risks through best practice. Standards are often designed and created by a number of agencies who […]
Informal meeting
Posted by Peter Baskerville in Aug, 2013
by Philip Baskerville What is an informal meeting? Define Informal Meeting – An informal meeting is a meeting which is far less heavily planned and regulated than a formal business meeting, and so lacks many of the defining features of a formal business meeting, such as minutes, a chairperson and a set agenda. These informal meetings […]
Category: BSBADM502
INDPA
Posted by Peter Baskerville in Apr, 2013
Industry Professors Association (INDPA) is a non-profit organisation that helps members capture and organise their industry personal and practical knowledge and convert it into digital learning products that can be shared with the world for the benefit of all. INDPA helps members profit from their experience.
Category: Uncategorized