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Hub You - India To The Rescue With Accounting Solutions
Millennials, echo boomers, digital millennials, kidemployees, are just a few names of the young adults that were born between 1980 and 2000. They are 80 million strong and there are predictions that they will grow to 100 million. They are the most influential generation and they have shown more spending power and stronger opinions at an earlier age. The economic opportunity is enormous and one every retailer needs to embrace. Whether they are your customers or your employees, you need to adjust your training as well as your marketing techniques to them.After reviewing the top five requests of Gen Y-er's, you may find yourself not so different than they are.1. Don't fake it. This is not a customer to try to impress. They are smart, savvy as well as media bombarded and probably more knowledgeable about your product than you ar
The Economist’s marketing team is in India to drive up the magazine’s circulation, which makes you pop the question, ‘Why?’ “You look at the changes in India. All those are changes that we approve of and also if you look around the world at things that propelled The Economist forward, it is the opening up of the markets,” he says, adding The Economist is sort of a u
If you are opening a dollar store you will soon find that there are many little activities that must be routinely completed. Among those items is the need to complete routine store maintenance. While this is little fun to do it is important to the success of your business. In fact weekly store inspection and maintenance should be performed as a matter of practice.If you are opening a dollar store a good strategy might be to implement a weekly store maintenance checklist. That checklist could list the areas for routine inspection. It could also list the areas that require specific maintenance. By devoting a small amount of time on a weekly basis bigger problems could be avoided.When opening a dollar store your weekly inspection could include checking for store lights that are dim or burned out. A quick walk through the store woul
When Control Solutions, one of USA’s biggest accounting firms dealing with Sarbanes-Oxley (SOX) accounting compliance procedures, wanted to recruit accountants for its expanding practice, it looked at Enabilizer, a New Delhi-based accounting outsourcing firm. That look has led to the two signing a joint venture agreement that allows Control Solutions to outsource its SOX work to the Indian JV.
And, it was not the only global firm to look to Indian accountants for help, Rain, a mid-sized South African accounting firm has also chosen to hire for two years, six experienced senior staff from its network partner in India, the Mumbai-based accounting firm Chokshi and Chokshi.
Facing an annual attrition rate of nearly 50%, Rain and Control Solutions are among the growing breed of accounting firms that are beginning to look India wards for outsourcing their work, both on-shore and off-shore. The reason, just when accounting regulations are becoming more stringent in USA and Europe, there is a looming global shortage of accounting professionals.
Akshay Bhalla, CEO of Enabilizer estimates as much as 60% of the F1 visas to USA in the next few years would be cornered by the financial & accounting (F&A) segment, especially as the quantum of on-shore work goes up. James Mendelsohn, CEO of MSI, a global network on accounting firms that boasts of 250-members, adds: “In the US, the number of students going into accounting fell drastically in the wake of the Enron collapse.”
However, at the same time the regulatory framework under the Sarbanes-Oxley legislation became more stringent. Most firms, especially mid-sized ones have few options left, than to on-shore much of their SOX work, as it cannot be taken out of the US.
And, of course, there is the labour and cost arbitrage. Tholons, a Bangalore-based IT consultancy firm estimates that in the financial and accounting services off-shoring of common transactional processes yields a 20-25% cost reduction, while off-shoring key high-end processes, such as SOX related work, could lead to cost reductions of 35-40%.
John Micklethwaite, the editor of The Economist, who is visiting India and chaired the two-day business round table with the Indian government is an authority on globalisation, and has written two books on the subject i.e. A Future Perfect: The Challenge and Hidden Promise of Globalisation and Globalisation and Making Sense of an Integrating World.
Coming to India after a gap of 8-years, yet, having followed the country closely, Micklethwaite smiles as he says: “I would be lying, if I said that the change strikes you when you land. But, in terms of impressions, it’s just the people - the Indian business people you now come across in London and the sort of deals they are doing. Or, the number of British and American business people you see here, including 20-people from The Economist.”
The Economist’s marketing team is in India to drive up the magazine’s circulation, which makes you pop the question, ‘Why?’ “You look at the changes in India. All those are changes that we approve of and also if you look around the world at things that propelled The Economist forward, it is the opening up of the markets,” he says, adding The Economist is sort of a us
Don't risk Your MortgageTaking out a an additional Mortgage, buying a car or making large credit card charges before you close could risk your loan commitment. Lenders run a second credit check before closing to check for new charges.Time to CloseClosing at the start of a month, the lender would need you to "prepay" the interest on your loan from day of closing to end of the month. Therefore, the cash you need to close would be more than if you close at the ending of the month. Talk with your lender about this.Buyers RemorseIt's general for buyers to feel stressed or remorseful during and after the purchase of a home, educating you about the buying process would assist reduce "buyer’s remorse". You would probably forget it soon after you move into your new home.Notify Services &
Facing an annual attrition rate of nearly 50%, Rain and Control Solutions are among the growing breed of accounting firms that are beginning to look India wards for outsourcing their work, both on-shore and off-shore. The reason, just when accounting regulations are becoming more stringent in USA and Europe, there is a looming global shortage of accounting professionals.
Akshay Bhalla, CEO of Enabilizer estimates as much as 60% of the F1 visas to USA in the next few years would be cornered by the financial & accounting (F&A) segment, especially as the quantum of on-shore work goes up. James Mendelsohn, CEO of MSI, a global network on accounting firms that boasts of 250-members, adds: “In the US, the number of students going into accounting fell drastically in the wake of the Enron collapse.”
However, at the same time the regulatory framework under the Sarbanes-Oxley legislation became more stringent. Most firms, especially mid-sized ones have few options left, than to on-shore much of their SOX work, as it cannot be taken out of the US.
And, of course, there is the labour and cost arbitrage. Tholons, a Bangalore-based IT consultancy firm estimates that in the financial and accounting services off-shoring of common transactional processes yields a 20-25% cost reduction, while off-shoring key high-end processes, such as SOX related work, could lead to cost reductions of 35-40%.
John Micklethwaite, the editor of The Economist, who is visiting India and chaired the two-day business round table with the Indian government is an authority on globalisation, and has written two books on the subject i.e. A Future Perfect: The Challenge and Hidden Promise of Globalisation and Globalisation and Making Sense of an Integrating World.
Coming to India after a gap of 8-years, yet, having followed the country closely, Micklethwaite smiles as he says: “I would be lying, if I said that the change strikes you when you land. But, in terms of impressions, it’s just the people - the Indian business people you now come across in London and the sort of deals they are doing. Or, the number of British and American business people you see here, including 20-people from The Economist.”
The Economist’s marketing team is in India to drive up the magazine’s circulation, which makes you pop the question, ‘Why?’ “You look at the changes in India. All those are changes that we approve of and also if you look around the world at things that propelled The Economist forward, it is the opening up of the markets,” he says, adding The Economist is sort of a u
While there are a lot of areas in a restaurant business which needed scrutinizing, there are areas of primary concern that an owner or manager should always look after. The good service, food and affordability are just one of the few restaurant concerns.Nobody really knows what are going to be the major changes that await restaurant owners and restaurant businesses but the trends with food are certain to grow and improve and even evolve in the next coming years.Today, there are about 4 out of 10 restaurant diners each day. That means; more and more people find it easier, comfortable and fast to dine at restaurants at least once a day. Because of this increasing interest and changing diner traits, restaurants should also adjust and make sure that they serve only the freshest, safest and healthy food for their frequent customers.Mendelsohn, CEO of MSI, a global network on accounting firms that boasts of 250-members, adds: “In the US, the number of students going into accounting fell drastically in the wake of the Enron collapse.”
However, at the same time the regulatory framework under the Sarbanes-Oxley legislation became more stringent. Most firms, especially mid-sized ones have few options left, than to on-shore much of their SOX work, as it cannot be taken out of the US.
And, of course, there is the labour and cost arbitrage. Tholons, a Bangalore-based IT consultancy firm estimates that in the financial and accounting services off-shoring of common transactional processes yields a 20-25% cost reduction, while off-shoring key high-end processes, such as SOX related work, could lead to cost reductions of 35-40%.
John Micklethwaite, the editor of The Economist, who is visiting India and chaired the two-day business round table with the Indian government is an authority on globalisation, and has written two books on the subject i.e. A Future Perfect: The Challenge and Hidden Promise of Globalisation and Globalisation and Making Sense of an Integrating World.
Coming to India after a gap of 8-years, yet, having followed the country closely, Micklethwaite smiles as he says: “I would be lying, if I said that the change strikes you when you land. But, in terms of impressions, it’s just the people - the Indian business people you now come across in London and the sort of deals they are doing. Or, the number of British and American business people you see here, including 20-people from The Economist.”
The Economist’s marketing team is in India to drive up the magazine’s circulation, which makes you pop the question, ‘Why?’ “You look at the changes in India. All those are changes that we approve of and also if you look around the world at things that propelled The Economist forward, it is the opening up of the markets,” he says, adding The Economist is sort of a u
Of all the home businesses out there, window cleaning businesses may be one of the best kept secrets around. Most people think of window cleaning as a low paying, low potential, grunt work job, and therefore they never give it a closer look. But, in reality window cleaning is a highly profitable, low overhead, easy to start and run business.Let’s take a look at what makes window cleaning such a great business to start:-Low Startup Cost – You can literally get your business up and running for $100.00 or less.-Low Overhead – For many window cleaners the only expenses they have are gas, and replacement cleaning supplies. The only other expense you may have is liability insurance. Insurance is not required, but is nice to have. Insurance for window cleaners runs $400 to $800 per year.-Extremely Profitable – Window clea
John Micklethwaite, the editor of The Economist, who is visiting India and chaired the two-day business round table with the Indian government is an authority on globalisation, and has written two books on the subject i.e. A Future Perfect: The Challenge and Hidden Promise of Globalisation and Globalisation and Making Sense of an Integrating World.
Coming to India after a gap of 8-years, yet, having followed the country closely, Micklethwaite smiles as he says: “I would be lying, if I said that the change strikes you when you land. But, in terms of impressions, it’s just the people - the Indian business people you now come across in London and the sort of deals they are doing. Or, the number of British and American business people you see here, including 20-people from The Economist.”
The Economist’s marketing team is in India to drive up the magazine’s circulation, which makes you pop the question, ‘Why?’ “You look at the changes in India. All those are changes that we approve of and also if you look around the world at things that propelled The Economist forward, it is the opening up of the markets,” he says, adding The Economist is sort of a u
We hear how difficult it can be to be a single mother and hold a career. A few fathers may have this problem so it applies equally to all those single fathers out there as well. Few of us know really how many hurdles these woman (single parents) have to go through in order to advance in their careers. Hurdles often include skills, wages and competing interests.The Department of Labor states that about 69% of all single mothers are working. This number shows some indication of decline as the economy sours. Since such woman have competing interests, have more problems, often less skills, and must balance between work & family they are typically one of the first groups to lose their jobs. Even while working they have some of the lowest income levels. The problems these woman face can be summarized as follows:SkillsMany of the
The Economist’s marketing team is in India to drive up the magazine’s circulation, which makes you pop the question, ‘Why?’ “You look at the changes in India. All those are changes that we approve of and also if you look around the world at things that propelled The Economist forward, it is the opening up of the markets,” he says, adding The Economist is sort of a user’s guide for globalisation and “it’s also a big beneficiary from it”.
To quote Micklethwaite, the interest in India is huge, as: “When we put India on the cover in Europe or America, it sells extremely well. One of our highest selling issues was one with India on the cover. Now, you can’t not have an India strategy,” he says referring to companies abroad.
A major proponent of globalisation, Micklethwaite does recognise some of its negative impacts. “Yes, it is kind of cruel and an uneven process. There, obviously, are people who lose out. We have stories about cotton farmers committing suicide, because cotton prices in India had gone against them. Overall, it is an enormous force for good. When you look at the damage done by globalisation it’s nothing compared with the damage done by lack of it,” he says.
Right or wrong, however, globalisation has helped to put India on the map. People worldwide are realising that the smugness and the tendency to underestimate and run down India, always knocking it to off its feet, has not only toughened the Indians, but also pushed them to hone their business smarts. That combined with their reverence for education that runs deep through India’s ancient and of today cultural traditions, has the Indians knocking the world to its feet.
Not a new picture, but history has it, many came from across the world to sit at the feet of the learned men of India eager to partake of what they had to teach, and then there were those that came to marvel at the glory that was India, only to write home about it i.e. Hieun Tsang, the Chinese chronicler who travelled extensively in India during the 7th A.D., as did his countryman Fa Hien. Then, we have the accounts of Greeks who accompanied Alexander on his world conquest and reached India e.g. Nearchus Onesicritus and his Greek ambassadors like Megasthenes (Indica), Deimachus, and Dionysius. Among, later Greek authors to write about India, we have Strabo, Justin, Arrian, Plutarch, Ptolemy, Pliny etc. This is borne out by the testaments of important Greek scientists and philosophers of that period e.g. Pythagoras, the Greek mathematician and philosopher who lived in the 6th B.C. and was familiar with the Upanishads, who even learnt his basic geometry from the Sulva Sutras of India. The famous Pythagoras theorem is, actually, a re-statement of a result already known and recorded by earlier Indian mathematicians, notably Aryabhatta many centuries before Pythagoras stumbled upon it.
Later, Herodotus (father of Greek history) was to write that the Indians were the greatest nation of the age, there was Ctesias, and M
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