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5月27日

Vittorio Colao will be new CEO of Vodafone india

                                               Vittorio Colao who is looks after European operations will be new CEO of Vodafone India.

                                               Its time to say Bye Bye to Mr Arun Sarin current CEO. He was Vodafone chief since 2003 following takeover of Hutch. Speculations are going on that Sarin, who spend 25 years in telecom industry will be entering to private equity world with one of buyout firm.

6月16日

Are US GAAP Going to die?

If you are a CPA degree holder, (Certified Public Accountant) it can not get bigger than this in your lifetime. SEC is in close talks to allow the foreign organizations listed on US Exchanges to report their financial statement using international accounting standard and IFRS instead of US GAAPDoes this means that US GAAP, the God of all Accounting Standards will die?  

The likelihood of saying good bye to US GAAP is very minuscule but let us look into the pros and cons if anything of such kind happens.

This could be a great move by SEC towards recognizing IFRS and saving the foreign institution from preparing the financial statement in US GAAP. It is definitely going to bring down the cost and hassles for the foreign firms. It will also attract new companies from European nation for a listing on US Stock Exchange which at present are not listed on US Stock Exchange just to avoid the pain of preparing the financial statements in US GAAP.

The companies which have their origin in US are also demanding the liberty of option of filing the accounts in IFRS. Their demand stands valid as to have different regulations for two companies listed on the same stock exchange is unjust and if foreign firms are allowed to follow IFRS, US companies should be no exception to it. As an effect of it, financial analyst will have a tough time analyzing the accounts of two companies following different standards. This will create a strong uniformity concern and comparability of financial statements will be in question. Secondly, there are chances of misstatement if different standards are followed by two companies on a single platform.

In such a situation SEC is left with two options, either to make it compulsory for all the companies listed on US Stock Exchanges to follow IFRS and International Standards instead of US GAAP or to allow all the foreign firms to follow IFRS and simultaneously give the same option to companies originating from US. The chances of first option are very bleak as it will lead to a complete death of US GAAP. If second option is being allowed, transparency and uniformity will give a tough time to SEC.

Let us wait and watch till SEC comes out with a final decision.
 
Blog owner : Amit Mahalle
 
6月15日

Do u want Killer CV

Writing your resume is an essential aspect of applying for a job, as it requires a lot of effort and planning on your behalf. A badly worded and poorly presented resume can put off a potential employer totally!

 

Your resume should be about two pages long
 A resume should be about two pages long. It is supposed to be a brief presentation of your skills, work experience, achievements and education. Anything too long runs the risk of being skimmed over and not read properly. Long and detailed does not necessarily imply better! What your resume has to get across to the potential employer is just this - you have the required skills, experience and education to handle the job! So, try and stick to 2 pages!

Start off by identifying your job objective
The job objective is an excellent area to include in your resume and is usually omitted. It puts your resume in the right perspective for the reader and clearly shows where you are headed in your career plans. If you are applying for an entry level position in marketing, your job objective could be something like: 
Objective: Interested in an entry level position in marketing in a multi-national corporation.

Provide a summary of your experience and skills 
The next section that your resume should contain is a 5-6 point summary of your skills and experience. That includes:
          * No. of years of past and relevant work experience
          * a brief description of the work done
          * specific skills acquired
          * significant achievements 
          * educational qualifications.

This section is very useful, in providing a snapshot view of what your resume contains for situations where yours is one resume in a pile of fifty others. It allows minimal information loss in case the resume is quickly skimmed over and not given a detailed reading. In this section, the skills that you present should help in answering the question -"How can you contribute to the organization?"
But be sure, that all the skills mentioned are truly areas you have worked in or are comfortable working in.

Use language and content that communicates a proactive style 
The style of writing that you use and the particular words or phrases can make a significant difference to your resume. It affects the impression created about you regarding your past work experience and your skills. For example, you might say in your past work experience that you "maintained records and accounts". A better way of expressing the same thing could be "Reported directly to the VP-Finance and managed over 1500 accounts." Your language and content should focus on what you achieved e.g. saving so many lakh rupees for the organization, rather than a standard listing of responsibilities which sounds like a job profile common to anyone in a similar position to yours. Quantifiable parameters have a better impact than just saying "Implemented change in product formulation".

Prioritize details of your past work experience 
After the summary section, you can go on to providing details of your past work experience. The details of your work experience as well as your educational qualifications. You need to prioritize. Decide what weightage to give to different organizations/positions. You should not skip any place worked at, but you obviously cannot give all details of each position. A few points to note while preparing this section:

You could present the work experience in reverse chronological orde
r
Start with the most recent work experience at the beginning of this section and the rest later on. That is the organization where you are currently working first and the earlier ones worked in, later in the resume. This should highlight your relevant work experience at the outset. Within an organization, present your career path in the correct chronological order

Mention responsibilities briefly, focus more on accomplishments

If responsibilities are similar across positions in an organization, try to avoid repeating the same set of responsibilities with each position. Avoid tautology and stick to the accomplishments.

If worked in many organizations, merge information to reduce chronological details

To avoid presenting a long, chronological detail of each organization worked in, try and merge information on similar positions/responsibilities across organizations into one category. This will be easier to read and will also avoid presenting a negative image of you being a job-hopper.

If changing your area of specialization, classify the information by function
If you are changing your field from finance to marketing, then instead of just presenting the details of your past work experience in reverse chronological order by organization, you could classify the information into different functional areas e.g. your responsibilities and achievements in finance (even if across companies); similarly for marketing. You should try and incorporate some marketing experience (and hopefully you will have some) if you intend to get into that area.

Include other information only if significant
You may like to mention your hobbies, interests or extra-curricular activities, under a separate heading, but it will really not add value to your resume unless you have made a significant achievement there. For example, mentioning mountaineering as a hobby is not relevant unless you have achieved something like taken a trip to
Mount Everest or Kanchenjunga!
Such achievements which are not directly related to your work experience can be put under the heading "Other information".

Present educational qualifications with the most recent one first
When giving information on your educational qualifications in a separate section, it is advisable to begin by presenting the most recent degree/diploma achieved, as this is usually relevant to the work you are currently doing. There is no need to go as far back as schooling, unless you are a fresh graduate with no work experience. If you have acquired a degree in some other country, mention a degree that it is equivalent to which is internationally recognized, to put it in the right perspective for the reader. 
 Even if you are not a software/IT professional, today computer literacy is assumed for most positions. So don't list competencies in MS-Word and such like but do include any significant packages you may have learnt, helped develop or are in the process of learning.

References should be provided on request
Though it is useful to have names and contact numbers of people to give as references, it makes sense to provide them only on request. You should not give the details on your resume but provide the information later on, when asked for, or further on in the selection process. 

Try and follow these guidelines and you will be surprised at the improvements you can make to your resume!
 
My friends these are not days to find key to success, some idiot is already engaged in changing lock.
LEARN TO BREAK THE DOORS….

Cheers!!!