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  Mastering Yourself: A Guide to Effective Self-Management It has taken me years to learn how to manage myself effectively which is a crucial skill for achieving personal and professional success. There was a time when I could not achieve anything at the end of the day. My journey to self-management began with reading various motivational books and watching inspirational YouTube videos. Based on various speakers and authors, studies suggest that individuals spend a significant portion of their workday on tasks yielding minimal value, underscoring the pressing need for improved self-management. Mastering self-management isn't just about getting more done; it's about enhancing productivity, reducing stress, and fostering greater fulfillment in all aspects of life. The most essential step to mastering self-managements is: Understanding Self-Management Self-management is defined as the ability to understand your emotions, thoughts, and behaviors, and to effectively manage the...

  THE ACCOUNTING CONCEPTS They are therefore rules and assumptions that are usually followed to determine methods of recording data that will then result to accounting information. They include; i.                   Going concern It’s also called continuity assumption. It is assumed that the accounting entity will continue with the operation into the foreseeable future and has no intentions of coming to an end or curtailing its operations. This implies that the management should view all the available information in the light of the foreseeable future, but not only for the current period. ii.              Accounting period assumption It’s also known as the time concept . It is assumed that the continuous lifetime of the entity is divided into small equal periods to ease the burden of reporting . These subdivisions are called t...

  ACCOUNTING AND CONTROL   Course outline 1 INTRODUCTION TO ACCOUNTING ü Meaning of the term accounting ü Role of accounting in an organization ü Accounting principles, assumptions and concepts  Users of accounting information ü Relevance of accounting to human resource management functions 2 RECORDING FINANCIAL TRANSACTIONS ü Financial transactions ü Role of accounting equation ü Double entry system ü Preparation of journals ü Preparation and balancing of ledger accounts 3 COMPLETING THE ACCOUNTING CYCLE ü Preparation of a trial balance ü Purpose of a trial balance ü Year-end adjustments ü Determination of accruals, provisions and prepayments ü Treatment of accruals, provisions and prepayments     4 FINANCIAL STATEMENTS ü Preparation of trading, profit and loss accounts ü Preparation of a balance sheet ü Importance of trading profit and loss accounts and the balance sheets 5 CASHBOOKS ü The rol...

  FUNDAMENTALS OF ACCOUNTING   What is accounting? Accounting may be defined as the process of identifying, measuring, recording and communicating financial information in order to permit users to make informed decisions or judgment by the users of the financial information. Accounting maybe referred by some authors as Book-keeping, which is the analysis, identification, measuring, classifying and recording of financial transactions in the books of accounts. Accounting maybe viewed as the language used in business and forms a common media through which users of accounting information can effectively communicate business matters and understand each other equally in a business. Accounting facilitates communication of the business records, transactions and summarizes results of business operations; forming the information of economic value to a business which forms the basis for judgment by the users.   THE ACCOUNTING PROCESS Since accounting is a process, it ...