Time Management MBA Assignment Part-3

What is one example of applying free time to your studies? Review notes and readings just before class This may prompt a question or two about something you don’t quite understand, to ask about in class, or after. It also demonstrates to your teacher that you are interested and have prepared.

How would you make time to review?
Is there free time you can use? Review lecture notes just after class
Then review lecture material immediately after class. The first 24 hours are critical. Forgetting is greatest within 24 hours without review! How would you do this?

Is there free time you can use?

Review your ten applications above. Select one, and develop a new study habit. Try something you have a good chance of following through and accomplishing. Nothing succeeds like a first successful try!

Try the University of Minnesota’s Assignment Calculator Develop criteria for adjusting your schedule to meet both your academic and non-academic needs

Effective aids:

Create a simple “To Do” list
This simple program will help you identify a few items, the reason for doing them, a timeline for getting them done, and then printing this simple list and posting it for reminders.
Daily/weekly planner

Write down appointments, classes, and meetings on a chronological log book or chart. If you are more visual, sketch out your schedule, First thing in the morning, check what’s ahead for the day, Always go to sleep knowing you’re prepared for tomorrow, Long term planner, Use a monthly chart so that you can plan ahead.
Long term planners will also serve as a reminder to constructively plan time for you.

Time Management MBA Assignment Part-2

Prioritize your assignments
When studying, get in the habit of beginning with the most difficult subject or task. You’ll be fresh, and have more energy to take them on when you are at your best. For more difficult courses of study, try to be flexible: for example, build in “reaction time” when you can get feedback on assignments before they are due.

What subject has always caused you problems?

Achieve “stage one”–get something done!
The Chinese adage of the longest journey starting with a single step has a couple of meanings: First, you launch the project! Second, by starting, you may realize that there are some things you have not planned for in your process. Details of an assignment are not always evident until you begin the assignment. Another adage is that “perfection is the enemy of good”, especially when it prevents you from starting! Given that you build in review, roughly draft your idea and get going! You will have time to edit and develop later.

What is a first step you can identify for an assignment to get yourself started?

Postpone unnecessary activities until the work is done!
Postpone tasks or routines that can be put off until your school work is finished!
This can be the most difficult challenge of time management. As learners we always meet unexpected opportunities that look appealing, and then result in poor performance on a test, on a paper, or in preparation for a task. Distracting activities will be more enjoyable later without the pressure of the test, assignment, etc. hanging over your head. Think in terms of pride of accomplishment. Instead of saying “no” learn to say “later”.

What is one distraction that causes you to stop studying?

Identify resources to help you
Are there tutors? An “expert friend”? Have you tried a keyword search on the Internet to get better explanations? Are there specialists in the library that can point you to resources? What about professionals and professional organizations. Using outside resources can save you time and energy, and solve problems.
Write down three examples for that difficult subject above?

Be as specific as possible.

Use your free time wisely
Think of times when you can study “bits” as when walking, riding the bus, etc. Perhaps you’ve got music to listen to for your course in music appreciation, or drills in language learning? If you are walking or biking to school, when best to listen? Perhaps you are in a line waiting? Perfect for routine tasks like flash cards, or if you can concentrate, to read or review a chapter. The bottom line is to put your time to good use.

Time Management MBA Assignment

Developing time management skills is a journey that may begin with this Guide, but needs practice and other guidance along the way. One goal is to help yourself become aware of how you use your time as one resource in organizing, prioritizing, and succeeding in your studies in the context of competing activities of friends, work, family, etc.

First: try our exercise in time management: How do you spend your time each day?

Strategies on using time: These applications of time management have proven to be effective as good study habits. As we go through each strategy, jot down an idea of what each will look like for you:

Blocks of study time and breaks

As your school term begins and your course schedule is set, develop and plan for, blocks of study time in a typical week. Blocks ideally are around 50 minutes, but perhaps you become restless after only 30 minutes? Some difficult material may require more frequent breaks. Shorten your study blocks if necessary—but don’t forget to return to the task at hand! What you do during your break should give you an opportunity to have a snack, relax, or otherwise refresh or re-energize yourself. For example, place blocks of time when you are most productive: are you a morning person or a night owl? Jot down one best time block you can study. How long is it? What makes for a good break for you? Can you control the activity and return to your studies?

Dedicated study spaces

Determine a place free from distraction (no cell phone or text messaging!) where you can maximize your concentration and be free of the distractions that friends or hobbies can bring! You should also have a back-up space that you can escape to, like the library, departmental study center, even a coffee shop where you can be anonymous. A change of venue may also bring extra resources.

What is the best MBA study space you can think of? What is another?

Weekly reviews and updates are also an important strategy. Each week, like a Sunday night, review your assignments, your notes, your calendar. Be mindful that as deadlines and exams approach, your weekly routine must adapt to them! What is the best time in a week you can review?

Revenue refers to that amount which is being collected or received by the government from different sources during a fiscal year. These sources of revenue for the government are categorized under the following heads:

Tax Revenue : Taxes are the compulsory contribution exacted by the government for the public welfare purpose. Tax revenue is comprises gross amount collected minus amount paid and refund during the same year. Moreover the tax revenue is composed of property tax, sales tax, license tax, income tax and other taxes.

Inter Government Revenue : The second major source of revenue for the government is the inter government revenue which includes revenue from federal government revenue from state government, revenue from local government.

Miscellaneous Revenue
Another important source of revenue for the government is the miscellaneous revenue that covers the revenue from sale of property, revenue from rent and royalties, special assessment revenue.

Utility Revenue : This sort of revenue is an amount received from utility commodities and services to the public and other government.

The historical development of audit in Pakistan is resumed as:

Year 1850-1881
The first act in British India was in acted in the year 1850.According to this act any company/firm was to be audited twice a year, but unfortunately there were only few firms of accountants (who performs the audit) and they were busy enough to provide their services as per the act defines.

Year 1881-1913
Later on in 1881 another act was passed that gives the true definition of auditor and defined the procedures to hire, select and removal of an auditor. This act also explained the duties of the auditor. During this time layers were used to conduct audit, it was not compulsory for the firms to be audited by the accountants.

Year 1913-1932
Then the company act 1913 was passed. This act made it essential for auditor to get government certificate to be a professional auditor, moreover it became mandatory for all firms to maintain their accounts and records for the audit purpose. At that time there was no specific training for the professional auditors.

Year 1918
During this period it was mandatory for all auditors to get the government diploma in accountancy (GDA), this diploma made them eligible to get the government certificate as prescribed in company act 1913-1932.Meanwhile an accountancy board was attached with commerce collage to register apprentice ship and conduct required examination.

Year 1932
Till the year 1932, there was no centralized control over accountancy profession but later on the government framed some rules known as the “Auditor Certificate Rules” with a view to:
Register apprentice ship, Conduct examination, Conduct and regulate the profession of auditing. After the formulation of these rules the profession of accountancy and auditing was supervised by the ministry of commerce of central government.

Year 1952
After the independence of Pakistan the registered accountants formed a private body “Pakistan Institute of Accountants” to look after their own interests.

Year 1959
In the year 1959 PIA established an independent body “Council of Accountancy” to recommend chartered accountants in Pakistan.

Year 1961
Institute of chartered accountants came into being on july1961; a draft of chartered accountants bye-law was prepared and published for inviting public comments. This institute was administered by council of 13.

Year 1984
in December 1984 the company’s act 1913 was replaced with company’s act 1984,according to this act it was mandatory for the firms to prepare and maintain their accounting records, cost accounting records, cash flow statements, fund flow statements and so on.