Wednesday, 28 March 2012

More Finance!


Hey!

Talking about finance, there are some very small but important lessons. The project that I am working in is part of a government organization. Therefore, it has to obey all government rules and regulations. Interestingly, finance rules and regulations are very tricky and strict. One has to be very careful with the wording of its documents and make sure not to spend money on items which are not allowed to buy. The interesting point here is that some items are not allowed to be bought under specific terms. These terms reflect luxury items and we cannot buy luxury items in government budgets. For example, we cannot buy couch under the name of “couch or sofa”. This reflects a luxury item. However, we can buy the same thing under the name of furniture but put the specification in a way that reflects couch. The point is that we should not mention couch or sofa.

Internship is really enriching experience.    

Regards,
Javid

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