US GAAP 2012 taxonomy released for public review

Posted on Sun 11 September 2011 in XBRLLeave a comment

The proposed 2012 Taxonomy contains Accounting Standards Updates issued and other recommended improvements since the 2011 Taxonomy, which is currently used by issuers filing with the U.S. Securities and Exchange Commission (SEC).

It can be found on following link

http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1176158877750

Deadline to submit written comments is October 31, 2011.

The 2012 U.S. GAAP Financial Reporting Taxonomy is expected to be finalized and published in early 2012.

In early 2010, the Financial Accounting Foundation (FAF), parent organization to the FASB and the Governmental Accounting Standards Board, assumed maintenance responsibilities for the taxonomy. The FAF and the FASB assembled a team of technical staff dedicated to updating the taxonomy for changes in U.S. GAAP, identifying best practices in taxonomy extensions, and technical enhancements.

Useful links:

www.xbrl.org

www.xbrl.us

www.xbrl.sec.gov

www.xbrl.fasb.org


Horrible reality!

Posted on Thu 31 March 2011 in GeneralLeave a comment

I am speechless!!!
wake up please,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,


Microsoft SQL Server 2008 R2

Posted on Sun 20 March 2011 in GeneralLeave a comment

I just fallen into love with this language and particularly this software "Microsoft SQL Server 2008 R2".
Its latest from Microsoft. You can download the evolution version from the link given below.

Microsoft SQL Server R2

Also if you want a reference book by Microsoft Microsoft SQL Sever 2008 R2


"Positioning" is relative!

Posted on Fri 18 March 2011 in General • Tagged with kotler, positioning, ubuntuLeave a comment

Kotler defines Positioning as an “act of designing the company’s offering and image to occupy a distinctive place in the minds of target market.” The goal is to locate the brand in the minds of consumers to maximize the potential benefit to the firm.

A good brand positioning helps guide marketing strategy by clarifying the Brand’s essence, what goals it helps the consumer achieve, and how it does so in unique way.Everyone in the organization should understand the brand positioning and use it as context of making decision.

But wait, we are Social animal! It must relate it to others also. Not simply between Brand and individual customer.
So what Kotler's definition lacks, is this principle:
“Umuntu ngumuntu ngabantu”
Its an African wisdom, and translation of that in English is: “I am because you are, you are because we are,” or “A person is a person through other people”.
Below is the link of Youtube video in which Nelson Mandela talks about the Ubuntu Philosophy.

[youtube=http://www.youtube.com/watch?v=CGox0EKqiaE]

Nelson Mandela explained Ubuntu as:
“A traveler through a country would stop at a village and he didn't have to ask for food or for water. Once he stops, the people give him food, entertain him. That is one aspect of Ubuntu, but it will have various aspects. Ubuntu does not mean that people should not enrich themselves. The question therefore is: Are you going to do so in order to enable the community around you to be able to improve?”

Anyway, come to the point of “Positioning”.
Above description says that “Positioning is relative”. That is someone
can only be cheaper; relative to faster one. Someone can only be faster
when someone with slower was there.
So, hybrid of “Positioning definition by Kotler” and “African wisdom”
“Positioning is an act of designing the company's offer and image so that it occupies a distinct and valued place in the target customer's mind, relative to other things.”
Hence its very dynamic activity, because nothing will last for long time. We have to reposition annually.

Example of Nokia; From upper segment; iPhone and Blackberry is constantly putting pressure and from lower segment Micromax, Zen, BPL are churning their market share. And in middle segment Motorola, LG, Samsung …. Etc. So Nokia has to constantly review their Position relative to other.

Example of “Pepsi One”: Pepsi failed to position it as a Distinct and valued (Diet Cola). Consumers didn’t understand why Pepsi One was difference from other drink- and that was the problem.

“Umuntu ngumuntu ngabantu”


Quick View: Digital Consumer!

Posted on Wed 16 March 2011 in GeneralLeave a comment

It provides a cheaper way to establish connection with brand.

Companies has to understand that Power of Brand has been progressively shifted to consumers. That can be seen online, such as You-tube and other social platform where consumers are uploading homemade video about the brands. Some with bitter experience goes terrorist way. They publish anti-moment against brands.

Anyway; it provides more and more reach into the personal life of individual. Now Brands are no more the product with the face on it, they represents Lifestyle.

For year 2010, survey found that more Word-Of-Mouth has strongest influence, 76% on choosing service provider. and at Internet with 65% as the source of information is highest in that.

So, before time lapses make your presence online effectively, Specially on Social media.

Such great example is: Pepsi Refresh Project.

They started this campaign in start of 2010 to increase the presence on social presence(compared to coke; Pepsi has just 10% fans on their Facebook page).

Effect of this campaign was great on them. Their Facebook fans number goes to 3.2 million from 0.25 million in 1 yr.

Another is example is: Trillion Dollar Campaign. It was designed to fight against Mugabe region.

Conclusion: “Sustainability” is now priority, is compulsory; not optional anymore!