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Closing entries Closing procedure
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This crucial step ensures that financial records are accurate and up-to-date for the next period, making it easier to track the company’s performance over time. On the statement of retained earnings, we reported the ending balance of retained earnings to be $15,190. We need to do the closing entries to make them match and zero…

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23 Easy Ways to Make $10 a Day in 2024
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Where consultants provide a plan of execution for clients, coaches help clients create a plan for themselves. When I started my financial coaching business, I thought I would mostly tell people what to do with their money and then they how to buy ethereum in new york would do it. However, I quickly realized that…

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Top 5 Insurance Products on the Ugandan Market
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To most people insurance is what it is and that’s why many times people are disappointed when they a report a claim only for it to be denied because they purchased the wrong class of insurance for the risk they are facing. If you are in any way involved in the insurance sector whether you…

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COVID 19 Disruption – 6 insurance products rendered useless during the lock-down
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There is no doubt the lockdown has caused great damage to many sectors of the economy and ironically boosted some like pharmaceuticals, e-commerce, telecoms, etc. For the insurance industry however, there are mixed feelings and at the moment some company divisions are totally redundant with the fear of extinction as a result of the COVID…

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Movies every business person should watch #01 Wallstreet
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‘Greed is Good’ This is the best business movie ever produced featuring the legendary Michael Douglas who acts the fictional character Gordon Geecko character so well that forms a benchmark for businessmen who take no prisoners in going about their business. In fact Gordon Geecko is quoted in so many movies whenever there is a…

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Movies every business person should watch #02 Wallstreet Money Never Sleeps
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‘A fisherman always sees another fisherman from afar’ This movie is a continuation of the 1987 version which starts with the release from a Federal prison of the legendary Gordon Gekko, the famous Wallstreet corporate raider after a conviction on insider trading and showcases how he is trying to reconnect with his daughter following his…

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Movies every business person should watch #03 The Founder
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This movie which tells the beginning of the McDonald business in San Bernardino, California, teaches us the value of market segmentation, systems and standards. The 2 brothers Dick & Mac McDonald begin a fast food restaurant with a menu offering various and after a period of studying what most customers frequently order for, they discover…

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Movies every business person should watch #04 The Wolf of Wallstreet
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For those of looking to acquire sales skills, the Wolf of Wall Street tells the story of Jordan Belfort whose youthful ambitions lead him to the one place one of the best places on earth where the ‘American Dream’ is pursued, Wall street. Right from his first job as a stockbroker for L.F. Rothschild which…

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Movies every business person should watch #05 Margin Call
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This begins with a massive lay-off at a wall street investment bank which sees Stanley Tucci acting as Eric Dale a risk management head as one of the victims but just as he exits the building, he passes over an unfinished project to one of his protégé Zachary Quinto who on filling in the missing…

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Movies every business person should watch #06 Assault on Wallstreet
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This 2013 action thriller features Dominic Purcell who, just like many Americans has invested in one of those fancy financial products on wall street and faced with a sick wife, he tries to cash out of his investment during the time of the 2018 financial crisis only to be told by his broker that he…

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