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Showing posts from March, 2018

Emotional Intelligence

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           A lot of people now perceive emotional intelligence (EQ) is more important than one’s intelligence (IQ) in attaining success in their lives and careers. As individuals our success and the success of the profession today depend on our ability to read other people’s signals and react appropriately to them. After being as an Assistant Accountant position for 2 years, I feel that I am now ready to take a leap and challenge myself in taking over the Accountant position.  Some emotional intelligence traits that highly describe my character and personality are as below: 1. Self-awareness - I have the ability to recognize different emotions possessed by different people. In the workplace, different people will have different emotions each day. However, you need to be aware or your own emotion and the effects to it.    If you try to evaluate your emotions, it is possible to manage them.  Also, you will need to be confi...

Are you Economic Savvy?

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The budget is a critical planning tool for an organization. When developing a budget, it is important to be as concrete and specific as possible about future income and expenditure. The budget must consider direct and indirect costs and enable the organization to allocate and plan for the coming year. Budgets are prepared before the start of the fiscal year, so unknown factors need to be predicted. Budget analysts review historical trends as well as make assumptions about upcoming expenses to try and accurately predict the organization's financial situation for the year ahead.  After doing a thorough research on property development, these are some of the economic factors that help to formulate our department's budget.  Exchange Rate of Australia -  There is a direct effect on the prices of goods and services produced in Australia relative to the prices of goods and services produced overseas.  The indirect effects of exchange rate movements arise bec...