20170512_100322

Importance of Business Planning

Importance of Business Planning By Dominic Shum Business planning is many things to various people and although elements of business planning appears in most management literature it has rarely been accorded the status of a stand alone management field. Some of the reasons why people do business planning:- Trying to get a bank loan to Read More

20170512_100322

Why Do Businesses Need To Do Yearly Budgets

By Dominic Shum A budget is a financial blueprint of a business in respect to planned activities in a specific period of time which is usually a year. Sometimes it is referred to as the yearly budget or annual budget. It is a plan of action in monetary terms that is compiled from departmental or Read More

20170512_100322

Financial Statements ; What are Assets and Liabilities

A Financial Literacy Article by Dominic Shum, DRC Services Most of us have assets, some have less and some have more. Our assets includes everything that we own including the air around us, the chair we are sitting on and our mental or physical capabilities. However, do you know that when you see listings of Read More