https://makwaijun.com/tags/business/ Recent content in business on Introspections in Bytes Hugo -- gohugo.io en-us © 2020-2024, Wai Jun Mak Thu, 19 Dec 2024 18:30:00 +0800 https://makwaijun.com/blog/post129/ Thu, 19 Dec 2024 18:30:00 +0800 https://makwaijun.com/blog/post129/ Generally, I’ve found that accounting is not biblical scriptures, but its principles needs to be aligned. Most accounting practices can be fairly standard, but some that perhaps require more thought (based on past experience) are: Cost of Goods - what goes into it, what doesnt (especially on material and manhours, and on unit costs) R&D Capitalisation - Unclear if capitalising too much is a good thing in the long run. https://makwaijun.com/blog/post128/ Thu, 19 Dec 2024 18:00:00 +0800 https://makwaijun.com/blog/post128/ Don’t get me wrong, I’m neither a fan of Financial planning nor accounting, and there isn’t really a reason to do this first aside from the fact that it is the end of the year, and I’d like to follow a similar thought process for my own personal “Budget” in 2025. 1. Set Revenue Guidance and Target (Sales Budget) Sales (preferably grounds up) to review opportunities and pipeline to hit figure Current view is having opportunities, 2. https://makwaijun.com/blog/post127/ Thu, 19 Dec 2024 16:47:00 +0800 https://makwaijun.com/blog/post127/ In 2021, I wrote two series: based on my thoughts around Sustainability and around economics. In 2022, and perhaps a sign of my interest diverting away from thinking about the external world, but into the internal realms, i started to write more about life, human nature, and career. I would certainly say that 2023 was quite heavily oriented around work (and I am somewhat self-impressed that I managed to write 27 posts).