Saving must be made a habit early in life. It may seem difficult to save during harsh times but it is possible. A review and reshuffling of your spending habits will show you ways to build up a saving.

The objective of accounting is to find out whether the business is making a gain or losing money. Even the uninitiated can maintain a small business' book-keeping, familiarity with a few basic principles and account categories is all that it takes.

With the world economy still in recession, fraudsters have become even more creative with their methods of scamming the public. Keep abreast of various kinds of fraudulent activities to avoid becoming a victim. There will be no dearth of job opportunities for a Forensic Accountant/Fraud Examiner

Understand what the figures in the financial statements mean in regards to the business. Monitor your business' health with a few simple ratios and take timely corrective or preventive actions. Use financial statements to analyse your business.

Tips on effective credit sales and minimizing bad debts. Follow few simple rules and optimize collection from your debtors. Effective accounts receivable management. Bad debts allowance calculation and how it is accounted.

How to avoid overstocking or understocking and use investment optimally. What is inventory turnover and how it affects financial statements. How to calculate the number of days it takes to sell inventory.

Learn about International Commercial Terms (Incoterms) which are used only for sea shipments and seller's responsibilities under each of them - Free Alongside Ship (FAS), Free on Board (FOB), Cost & Freight (C&F) and Cost, Insurance & Freight (CIF) and, how these differ from General Incoterms.

Understand what a Standby Letter of Credit (Standby LC) is and why it is infrequently used. Similarities and dissimilarities between a Back-to-Back Letter of Credit and a Transferable Letter of Credit and the risks associated with each.

Different types of LCs and their applications explained and how to effectively use the right LC to finance procurement. Understand the operational risks and the level of payment security under different types of LCs.

The importance of Incoterms in international trade. Understand the risks and responsibilities associated with each Incoterm and learn how to use the right one to avoid trade disputes and litigations.