Which accounting concept should be considered if the owner of a business takes goods from inventory

Share to Twitter Share to Linkedin Neurodiversity at work is beginning to mature as a concept, but the practice is still far behind in terms of participation and success. Michael Bernick estimated in 2021 that as few as 1,500 people worldwide are participating in Autism at Work programs. Increasingly, businesses are seeking more holistic pathways which don’t rely on a single neurotype and result in integration, rather than segregation or assimilation. We’re taking the lessons learned from the early trailblazing projects and making them a normal part of business life, just as we aspire to racial equity, gender parity and LGBTQ+ inclusion. And we’re not there yet. The Devil Is In The Detail While broad projects with clear objectives make sense as a starting point, integration involves nuance. Identifying hidden barriers is messy, implicit and buried in social culture and normative mutual expectations. We need to explore the psychodynamics of cognitively … [Read more...] about Is Basic Good Management The Key To Neurodiversity At Work?

Finance Minister Nirmala Sitharaman Market chatter is that Budget 202 1 may offer some roadmap to address the problem of bad loans in the banking system. Nearly 8 percent of the total loans have gone bad (overdue more than 90 days) at this stage. How can banks speed up bad asset resolution? Among options, the most favoured idea is the creation of a bad bank--a long-pending proposal in the Indian banking industry. What is a bad bank? A 'bad bank' is a bank set up to buy the bad loans and other illiquid holdings of another financial institution. Once toxic assets are transferred to this entity, attempts for an early resolution by experts begins while originating banks can focus on their business. Banks can transfer NPAs to a bad bank at a discount. The price discovery can happen at a later stage. To be sure, the idea of a bad bank itself is not new. In 2018, the government announced a plan for PSBs called 'Project Sashakt', which had a five-point plan for bad loan resolution … [Read more...] about Budget 2021: Will ‘bad bank’ take off this time? 5 reasons why the timing could be just right

There is no leadership crisis at RBL Bank and incoming chief R. Subramaniakumar will use his expertise to build RBL Bank 2.0, the bank management told Moneycontrol in an exclusive interview on June 15. In a candid conversation with Moneycontrol, RBL Bank’s new Managing Director and CEO (MD & CEO) R. Subramaniakumar and outgoing interim CEO Rajeev Ahuja open up on challenges related to the bank’s leadership transition and fall in share prices. The RBL Bank management also gave guidance on the bank’s asset quality, its microfinance and card portfolio, and business outlook for FY23. Edited excerpts: Q- The announcement naming you as the next CEO came Saturday. Were you tensed? Close Kumar - I caught up with my six and a half hours of sleep. Normally I sleep for up to seven hours a night. I could catch up on my sleep because both Rajeev and I and the team are very clear on the path forward. So, there was no need for me to get under much pressure. Q- Mr. … [Read more...] about Exclusive Interview| No leadership crisis at RBL Bank, RBI to take final call on board nominee, says management

It’s a new day for the way we work, and for most people that means the opportunity to work from home—at least a few days a week. This is a wonderful thing; after all, who doesn’t appreciate avoiding the commute, taking their dog for a walk over lunch or working in their yoga pants all day? Further, many disabled workers found themselves in a more comfortable position, with the option to cut out an uncomfortable commute and the option to create a welcoming home office. advertisement advertisement For those who have the option, getting out of the house can be a welcome change of pace—and can have a positive effect on everything from work-life fulfillment to motivation and career growth. The key is balance, and finding just the right mix of time in the office and time at home. Since many employers are offering the option for hybrid work, it’s wise to consider when you might want to work from home and when you want to make the trek to the office. Being … [Read more...] about 5 factors to consider if you’re debating returning to the office

In a devastating blow, the U.S. Supreme Court has overturned Roe v. Wade, stripping Americans of their constitutional right to seek an abortion and effectively banning the procedure in 26 states. The economic impacts of this decision will no doubt be astounding. advertisement advertisement For many people, particularly workers in low-wage jobs and people of color, access to safe and reliable reproductive healthcare can mean the difference between economic insecurity and economic advancement . Women who don’t have access to abortion care are three times more likely to leave the workforce and nearly four times more likely to have a household income below the federal poverty line. Furthermore, Black and Latinx people will be disproportionately impacted by Roe being overturned, further compounding economic inequities. In states like Louisiana, Mississippi, and Texas, which already limit abortion access, the majority of those receiving abortions … [Read more...] about Companies now need to take action to protect employee abortion rights. Here’s how

The NASA Office of Inspector General (OIG) published its report on the agency’s management of a second mobile launch tower for the space launch system (SLS) mega-moon rocket—and the forecast isn’t looking good. Right now, the OIG anticipates that the project will cost more than twice what was originally budgeted and will be completed roughly 2.5 years behind schedule. advertisement advertisement Some Quick background In order to launch SLS, the giant moon rocket NASA has been developing since 2011, the agency needs the ground infrastructure to support it. The mobile launcher consists of a ground platform that can withstand the blast from the rocket’s engines as it takes off. The launch tower and its many arms provide the rocket with all manner of necessary launch components, including power, fuel, remote monitoring, and communication with mission control. The ML-2 contract The first mobile launch tower for SLS, which is currently on … [Read more...] about NASA watchdog says the outlook isn’t good for its mega-moon rocket launcher

It has been almost a year since Doris Kwan last stepped into a spa centre. Before the pandemic, the housewife from Selangor would regularly go for traditional Thai massages to help alleviate muscle aches and headaches. “When I step into a spa centre, I can immediately feel my mind being put at ease,” she said. Kwan, who is in her late fifties, added that she enjoys the relaxing ambiance that is created through scent, music and water features at the venue. According to Kwan, the soothing music at spa centres transports her to a different location. “Sometimes I feel like I’m inside a forest or at a riverside. I really feel a sense of freedom from my daily stress,” she said. Kwan, who usually frequents spas with her husband, shared that going for a spa treatment allows her to have quality time with her spouse. Spas, wellness centres and massage centres are allowed to reopen after braving a long closure period. - Filepic Kwan is certainly looking forward to her next rest … [Read more...] about Time for Malaysians to feel good at spa and massage centres

Share to Twitter Share to Linkedin Emily Pickrell, UH Energy Scholar The tiny South American country of Guyana has been transformative for Exxon Mobil Corp. in the last decade, after the oil titan made the first of a series of gigantic discoveries just off its coast. As the country moves into its new role as a prolific oil producer, it’s time for it to now take the helm in managing these relationships. Indeed, its current arrangement with Exxon and partners — Hess and Chinese CNOOC — reveals the story of a country that was new to the game and inexperienced in negotiations several years ago. This team first found oil in Guyana seven years ago and has since made an astonishing 18 oil discoveries in its giant Guyanese Stabroek block. These discoveries contain generous fossil fuel wealth: nearly 11 billion barrels of recoverable oil and gas potential and counting, following the latest spate of new discoveries in April. Exxon and its … [Read more...] about As Guyana’s Oil Business Booms, Could A Potential New Deal With Exxon Loom?

Share to Twitter Share to Linkedin Unions seem to be winning today, with headline-grabbing victories at an Apple store , some Starbucks stores and some Amazon distribution centers. The National Labor Relations Board reports a surge in union organizing petitions. These gains are small relative to the entire non-unionized workforce, but organizers and the Biden administration are hopeful for more wins. Why are workers joining in union campaigns more now than in past years? The Biden administration’s policies, and especially the National Labor Relations Board’s practices, are frequently mentioned. But that’s a small part of the story. The labor market is tight in virtually all parts of the country and most occupations. The fact that workers have more bargaining power is no surprise in the current environment, but one important question is why workers put effort into organizing a union rather than simply walking across the street to one of the many companies … [Read more...] about Unions And Stress—What Businesses Should Learn

File image of HDFC Bank HDFC Bank, India’s largest private sector lender, is on an aggressive drive to recover lost ground in the credit card business. On March 11, the Reserve Bank of India lifted a ban imposed on the bank in December 2020, allowing the lender to launch digital products. In an exclusive interview to Moneycontrol on March 16, HDFC Bank’s group head of payments, consumer finance and digital banking, Parag Rao, said the bank has used the interim period to relook at fault areas and revamp strategy. Rao is optimistic the bank can get back lost market share in cards in 2-3 quarters. Rao also spoke about digital initiative plans in FY23 and on forming a digital-only bank. Edited excerpts: Q: The RBI had barred HDFC Bank from issuing credit cards and launching fresh digital initiatives in December 2020. What are the lessons learned? A: We are thankful to the RBI for pointing out some of the areas where we needed to improve. HDFC Bank has consistently … [Read more...] about Exclusive Interview| After RBI green light, HDFC Bank will take 2-3 quarters to regain credit card market share, says Parag Rao