The Power of Change for Positive Transformation

Number of words – 52 The playwright George Bernard Shaw once opined: “Progress is impossible without change and those who cannot change their minds cannot change anything.” In other words, you can’t move forward if you are not continuously re-examining and recalibrating your perception. Excerpted from ‘Thinking in new boxes’ by Alan Iny and Luc … Read more

The history of double entry book keeping

Number of words – 178 The concept of double entry bookkeeping was codified in the 15th century by Friar Luca Paacioli, a collaborator of Leonardo da Vinci. Although, there were earlier experiments with it, he introduced it by stating that a successful merchant needs three things: sufficient cash or credit, good bookkeepers and an accounting … Read more