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Total: 72 percent second quarter net profit leapPARIS (AFP) - French oil giant Total said Friday its second quarter net profit jumped 72 percent to 2.96 billion euros (3.86 billion dollars), benefitting from higher oil prices.BA says quarterly loss rises to 122 million poundsLONDON, United Kingdom (AFP) - British Airways reported on Friday a net loss of 122 million pounds (146 million euros, 191 million dollars) in the three months to June, up 15 percent from a year earlier.S & P raises Ukraine ratings after IMF dealKIEV (AFP) - Standard and Poor's on Friday said it was raising its assessment of Ukraine's sovereign debt after the IMF agreed a 15 billion dollar package to help its economy emerge from the economic crisis.HK tycoon's consortium to buy British electricity providerHONG KONG (AFP) - A consortium led by Hong Kong's richest man Li Ka-shing has won a bid to buy the British arm of French electricity provider EDF for more than nine billion dollars, Dow Jones Newswires reported Friday.US lawmakers urge probe of China Ansteel's dealBEIJING (AFP) - A group of US legislators has urged President Barack Obama to investigate a plan by a top Chinese steelmaker to invest in an American firm, saying Washington failed to heed an earlier call.Japan's unemployment rises, output fallsTOKYO (AFP) - Japan's unemployment rate ticked higher while production of automobiles and electronic gadgets saw a surprise slip in June, data showed Friday, in signs that an export-driven recovery may be stalling.Samsung Electronics sees massive operating profitSEOUL (AFP) - South Korea's Samsung Electronics Friday reported a record second-quarter operating profit of 5.01 trillion won (4.2 billion dollars), an 88 percent rise on the same period last year.China allows release of critical IMF reportWASHINGTON (AFP) - China allowed an IMF report critical of its currency policy to be released Thursday for the first time in four years, signaling Beijing's confidence that it can control the debate on the yuan.Metro Bank arrives on British high streetLONDON (AFP) - Metro Bank, Britain's first new high street lender for over 100 years, opened its first branch on Thursday in a move aimed at shaking up the sector but ran into immediate criticism over its products.Citigroup settles charges over misleading investorsWASHINGTON (AFP) - US bank Citigroup agreed Thursday to pay a 75-million-dollar fine to settle charges it misled investors about exposure to subprime mortgage-related assets, the Securities and Exchange Commission said.Approving budget cuts, Italy quietly raises retirement ageMILAN (AFP) - As pension reforms spark outrage across Europe, the Italian government has quietly raised the retirement age by more than three years as part of an austerity plan passed into law Thursday by parliament.US Fed official warns of 'Japanese-style' deflationWASHINGTON (AFP) - The United States risks & quot;Japanese-style & quot; economic stagnation like that seen in the Asian giant's & quot;lost decade, & quot; top Federal Reserve official James Bullard warned in a gloomy paper published Thursday.Stronger sales, weaker euro good news for VWFRANKFURT (AFP) - Volkswagen, Europe's biggest automaker, benefited from strong sales and favourable exchange rates as it posted Thursday a second quarter profit more than four times the previous year's figure.Euro soars past 1.31 dollars on eurozone dataLONDON (AFP) - The euro soared past the 1.Online betting firm bwin plans Partygaming mergerVIENNA (AFP) - Austrian online betting company bwin announced Thursday it had signed a merger agreement with British rival PartyGaming.
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trade finance Article
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Finance-accounting-outsourcing-helps-to-shed-the-workload
By Michelle Barkley
The increasing amount of workload on businesses has established a special place for outsourcing in the business market. Be it accounting or bookkeeping or any other work, outsourcing is becoming successful in solving thousands of problems. The matter of outsourcing is concerned with giving your work and responsibilities to the other company. accounting outsourcing is meant to shed off the excess workload regarding the maintenance of accounts. Maintaining the accounts is a very difficult task that has to be accomplished with proper attention. And if you have to handle the other work also, then the accounting work will suffer.
Finance accounting outsourcing will save a lot of your precious time. The time thus saved can be used for concentrating on other matters of your business that need more attention. When the accounting work is outsourced, then you are left with enough time to take care of your marketing division, production division or any other division that reaps more and more rewards. After all, we all do business for earning profits and not suffering losses. Moreover, accounting outsourcing will give you higher quality of efficient work. It is because the professionals at other companies are only concentrating on your work. They don’t undertake any other department.
Usually, the accounting firms give the excess of work to specialized companies that can handle them easily. accounting outsourcing has been considered cost effective also. The expenses of keeping an entire specialized staff for managing accounting work can be more expensive than outsourcing it. You and your accounting firm will have to manage the salary and various allowances of the employee. On the other hand, you don’t have to give any allowance or higher salaries to the outsourcing companies. You just have to pay them a fixed amount for carrying out your task that can be less than your other expenses.
Finance
accounting outsourcing is the best way to improve your efficiency. The excess workload can hamper your progress. It is because you will not be able to give enough time to other areas that call for appropriate attention. The main disadvantage of working under pressure or with excess of workload is that you tend to suffer losses. You may gain control and hold over the problems and their timely solution. Accounting outsourcing or any other type of outsourcing will enable you to save a lot of time that can be spent in solving the matters of other aspects of your business.
The process of accounting outsourcing involves giving your work to the third party, with the help of an accounting outsourcing firm. The main aim of adopting such method is to free you from the burden of overload of work. An important aspect of accounting outsourcing is that your work can be done in the half the time as compared to the work done in house. The reason behind this is that the outsourcing firm specializes only in such type of work and there is other workload on your employees also. Even the quality of work will be much better than the in-house employees. Article Source: http://www.upublish.info About the Author:
Michelle Barkley
Michelle Barkley is a CPA working for IFRworld.She specializes in Accounting Outsourcing services ,Finance accounting outsourcing and tax returns preparation outsourcing.To know more and to use the services visit www.ifrworld.com Ready to copy Article in either text or html format:
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