How to Choose a Right Executive MBA Programs

Today there are millions of educational options in every field and even more options of institutes and university to choose from.  Picking the right option is critical; education ultimately becomes the foundation on which an individual established their future. The world of business is on a path of continuously growth and nowadays businesses and organizations demand high level programs, to be exact, they look for professionals with an MBA program to their name. But with this fast paced world, where everyone is busy running the ultimate race, to know that you are on the track is very important. In short, how to choose a right Executive MBA program is necessary. MBA is one of the most sought-after and prestigious degrees not only in India, but all over the world.

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In a country like India, where everyone has a free advice to offer and every third lane has a school or institute offering MBA course, finding the right one can be daunting. Before venturing out to enroll yourself, you should be clear about your own goals for joining MBA. Once you have narrowed down your aims, there are some things that you should keep in mind and task will be easier.

The first and the most important step, is to check the schools/institutes accreditation. Go the extra mile, check their websites or if possible go check the institute out. You need to be carefully, if the school is not recognized then all your efforts results.

  • Before registering for the admission have a look at the admission standards of the institute. The standard of the admission speaks volumes of the institutes and how seriously they take the whole process and the students.
  • Another thing that a person pursuing MBA should look out for is the career assistance they can provide, or in simpler words the placement the institute can offer.
  • Faculty is a major factor to be considered. You need to know the capacity of the faculty school for providing a good quality of teaching. There are various institute that provide with online classes facilities, that make teaching more approachable.
  • More importantly you need to be sure that the institute you are picking should have what you are looking for. If you are looking for a full-time or part-time course or the field you ultimately want to major in. You need to have answer to these question and find an institute that will accommodate your needs.
  • The culture and atmosphere of the school also plays a part in choosing the right program for you. Is this a place where you can see yourself comfortable to purse your studies.

Welingkar Distance Learning Program is one such institute that accommodates to fit your needs. But don’t go by what we see, check it out for yourself!

Profit Does Not Equal Increase in Cash Flow!

As much as interesting accounting is as a subject, it is just as complicated in all its practicality. A field that demands the pursuer to follow a set of rules, accounting has its own vocabulary and understanding that an accountant has to abide by. There are misconceptions that people have regarding various concepts in this field of numbers. One of them is the people mistakenly think that profit in a business automatically leads to cash flow. But more on that later, first novices should be aware of terms used in accountancy. Therefore, here are some of the terms and their distinctions that you ought to be aware about.

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Revenue- one of the most basic terms, Revenue is the amount received by the business from selling their goods or services during a particular period.

Income- this is a loose term used to mean the total earnings of the business. This income can come through various activities of a business.

Profit- a thing that all businesses work for! After deducting expenses from revenues what is left is called Profit. Furthermore there are subsection in profit, namely gross profit and net profit. Gross profit is the amount of revenue from which trading expenses has been deducted. Net profit on the other hand is the amount of revenue that includes incomes from other activities as well as all such expenses has been deducted which were incurred towards main activities as well as other activities.

Besides the above, words like ‘Gain’, ‘Returns’ and many other terms that a pursuing accountant should know about. Coming back to the topic of misconceptions, accountants should also get their facts right. Profit does not in any way equals to cash, not at all! It is imperative to understand that the cash position of the business and the profit do not necessarily go hand in hand. There is a good chance that a profitable business can suffer because of cash flow problems.

Cash flow is basically the movement of money in and out of the company’s bank accounting during a financial period. As mention above profit is income minus expenses, however, transactions not only take place on cash bases, but also on credit. This is where you as an accountant come in; accounting is used to adjust the time difference in recording transactions to reflect the whole genuine picture. An important principle called accruals principle recognizes income when it is earned and recognizes income expenses when they are incurred, not necessarily when money is received or paid out, this permits better calculation and evaluation of actual profits and performance, along with reducing discrepancy from timing mismatch between when cost are incurred and when revenue is realized.