Posted By LSBF Blog Staff
5 common challenges in company budgeting and budget control
Topic:
News - Business & Economy
All businesses benefit from having a structured approach to expenditure and resource allocation for meeting the company expenses. Discrepancies arise in business budget planning either because of unforeseen circumstances or poor planning. In such cases, improper budgets might hamper the company’s further growth and expansion.
Read ahead to learn more about five common challenges companies face during budget planning and budgetary control as well as how to resolve them.
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How to make business decisions within a strategic context
Topic:
News - Business & Economy
Decision-making is central to all organisational activities and has to be done with precision and clarity. Business planning begins with identifying medium and long-term goals and subsequently setting guidelines to reach them.
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ACCA June exam sitting cancelled
Topic:
Opinion & Features
Due to the recent COVID-19 pandemic, ACCA, LSBF’s awarding body, has made the decision to cancel the June exam session. See the list cof countries affected and what to expect.
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How is COVID-19 affecting educational set-ups across the world?
Topic:
Opinion & Features
Coronavirus disease- 2019 or COVID-19 is the latest epidemic to spark alarm throughout the world. First detected in Wuhan, China in December 2019, it has since spread to multiple countries throughout the world including Japan, Italy, the UK, the USA and Iran.
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LSBF - Coronavirus (Covid-19) FAQs
Topic:
Opinion & Features
You may be concerned about the stories in the news regarding Coronavirus (COVID-19).
If you wish to know more about the current situation, the government guidance and everything related to your ACCA campus classes please read this post.
How has the accountancy profession evolved over the years?
Topic:
Opinion & Features
Accountancy as a profession has evolved a lot since the first accounting records were found dating back to over seven thousand years ago in Mesopotamia. The profession is not limited to tallying columns of financial data on paper anymore—the modern accountant can act as a financial manager, economic policy maker or even a marketing manager.
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5 functions you need to excel at Excel
Topic:
Opinion & Features
Microsoft Excel functions are easy to understand and use, which has added to its popularity and widespread usage in the business world. For a working professional, proficiency in Excel is imperative in order to analyse, sort and present data. Learn more about the top 5 Excel functions.
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Adding real personality to your social media campaigns
Topic:
Online Learning
While we spend hours online every day, how can we reach an audience who craves something more than a social media existence? Find out how to reconnect with your audience beyond their smartphone screens.
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Every second counts
Topic:
Opinion & Features
During revision, students can learn to apply their knowledge to exam questions, but most importantly, they gain exam technique on how to make sure they finish within the allocated time limit.
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60 Seconds with Theano Stamou, our PQ of the Year
Topic:
Opinion & Features
What is the secret behind Theano’s amazing success story? She left Greece aged 23 and moved to London in pursuit of new career challenges. Currently part-qualified and studying for the Strategic Business Leader exam, Theano shares with us what got her to the shortlist of the prestigious PQ Magazine Awards in 2020.
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Understanding Requirements and Question Context
Topic:
Opinion & Features
Many years ago, I set an ACCA Management Accounting exam. One sitting, I decided to test inventory control, First in, First Out (FiFO) and Last in, First Out (LiFO) etc. and how management accounting should reflect how inventory is stored and used by a company.
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Marketing practices that have become essential for every business
Topic:
Online Learning
A business can only derive profits if it becomes a recognisable brand. Reaching out to the masses and building a connect with them is imperative for a brand’s success. After all, it is the customers that drive profitability to the business. Hence, marketing is the link that helps to establish a brand, and subsequently drives engagement. This blog puts the spotlight on the best marketing strategies and explores the various nuances involved.
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How can online courses enhance your career prospects?
Topic:
Online Learning
In the conventional higher education system, students face a lot of setbacks, including exorbitant tuition costs, course shortages, and rigid course schedules. These issues are causing students to turn to more flexible and affordable alternatives in higher education, like online courses. If you are interested in pursuing an online course and want to know how it can improve your career prospects, read on and find it out in this blog.
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What role does motivation play in managing an organisation?
Topic:
News - Business & Economy
Motivation is one of the major factors for driving success. If you want to pursue a corporate career or want to start your own business, read on to learn about the importance of motivation for running a business.
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‘Your Future in Accountancy’ Conference
Topic:
Opinion & Features
London School of Business and Finance (LSBF) is delighted to announce that we will be holding an accountancy conference on Saturday 8 February.
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Data Science and Accountancy
Topic:
Opinion & Features
What you study today is not necessarily what you will need as your career progresses. This has never been truer than today where all professions appear to be at risk of becoming irrelevant unless they can continuously reinvent themselves to stay significant.
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Excelling with spreadsheets in your CBE exam
Topic:
Opinion & Features
ACCA has started introduction of Computer Based Exams (CBEs) in 2016. Some students confess that having to answer questions in Excel slows them down and some students even prepare solution on scrap paper before transferring all of the work into Excel or Word in the Exam.
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The influence of promotions management in transforming the face of international marketing
Topic:
Online Learning
When creating a worldwide marketing plan, it is important for every business to overcome the many challenges posed at a global level. Companies benefit from having the flexibility to adapt to changing local market trends, tastes, and needs.
This is where promotions management comes in handy. As a unique branch of management, international businesses typically use a blend of promotional tools to create, maintain, and increase demand for goods and services worldwide.
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How will social media continue to dominate business communications?
Topic:
News - Business & Economy
Communication is often referred to as the lifeblood of a business, given the high value it holds. It plays an integral role in helping build a powerful relationship with customers and clients. The exchange of information, ideas, plans and a lot more, solely relies on communicating with one another.
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What would a sustainable capital market mean for us?
Topic:
Online Learning
Having a sustainable capital market sounds like a positive situation—but what does it mean? Find out what a sustainable capital market is, and how we can work towards its achievement.
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Fail to Plan–Plan to Fail
Topic:
Opinion & Features
This is where planning becomes paramount for your success. Here are some things to consider while creating a plan.
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Why you should study an accounting and finance short course
Topic:
Online Learning
You don’t need to be planning a career in banking or the commercial sector to study an accounting and finance short course. The skills you’ll earn from these courses will find uses in everyday life, from understanding the significance of certain financial transactions happening around us all the time, to developing stronger financial planning abilities which can be used to organise your personal finances, or in your professional role.
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The partnership of accountants and data scientists make for a successful formula
Topic:
Opinion & Features
The accountancy sector is changing as a result of the introduction of automation and the expansion of data analytics. Not only have these two factors led to an increased amount of data for accountants to use, but they have also meant that risk management and decision-making can be performed with a significant amount of insight. Therefore, many accountants have begun to team up with data scientists to make sense of the vast amounts of data available to them.
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Why should you focus on consumer behaviour for targeted marketing?
Topic:
News - Business & Economy
Imagine standing at the supermarket, in front of the hair products aisle, and choosing a single shampoo from the dozens of varieties sitting there.
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What has contributed to the global popularity of international businesses?
Topic:
News - Business & Economy
Globalisation has made communication between countries, regions and people much simpler, allowing businesses to expand globally and have a larger contribution to the global marketplace.
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