Posts

Power of Knowledge: Application and Challenges

Image
Source: giphy “Knowledge is power, but sharing is empowerment”  Knowledge management embodies this quote. It is important that knowledge within the organization is distributed to its members to ensure growth, development, efficiency, and effectiveness of employees during work. The benefits of having knowledge management are important to many organizations. In Commission in Audit, knowledge management is useful in developing young auditors to fill the roles of the senior auditors within the organization. This will encourage employees to develop new circulars and memorandums to clarify vague guidelines in Philippine Public Sector Accounting Standards. Sharing of knowledge can help the organization and employee grows and when it is time for them to retire, the organization can avoid losing such expertise and knowledge.  One of the biggest challenges in Knowledge Management in COA is the competition for promotion. Promotion reflects the knowledge and expertise you have especially with a re
Post a Comment
Read more

Online Shopping? Few notes to understand what to buy and not to buy!

Image
Hindi mo ba alam mag Online Shopping!? (Benefits and Tips of OL Shopping) includes few tips on the benefits and disadvantages of online shopping versus shopping on malls and physical stores. This video log includes what I usually buy and what not to buy from online shops. Online Shopping Tips by JPM
Post a Comment
Read more

A Business Intelligence in a Government Perspective

Image
Source: https://bit.ly/3JP6Nq4 Generating reliable, accurate, and timely data is very important. In auditing, these are the requirements for the data to be useful in an audit. The Commission on Audit (COA) is a government organization that has the power, authority, and duty to examine, audit, and settle all accounts of all government offices, agencies, and institutions. The accounts include all revenues, expenditures, and properties of the government of the Philippines  (Article IX - Section D. Commission on Audit, 1987) . It is important to have accessible data with the information that is essential to the audit process. Compilation of previous years' data helps determine if the organization being audited followed the audit observations issued by COA. This data can also be useful in determining future observations. The trends are useful to determine possible areas where the organization being audited has failed to follow accounting procedures and policies. Other than the audit pro
Post a Comment
Read more

IT Security: Are you really secured?

Image
IT security is very important to organizations nowadays. The increasing risk of data breaches has been an issue for a few years now, and a lot of information has been leaked to hackers. Facebook, Yahoo, Adobe, and other big companies have been involved in data breaches. This has also been an issue in the Philippines, involving some major banks and even the Commission on Elections has been compromised. Due to these events, investment in IT security is a must, especially when it involves sensitive information. Now it leaves us with the question, how will we acquire IT security? Do we create it, or do we outsource it? How much are we going to spend on creating one if we create our own IT security? Will it be effective against unforeseeable attacks and breaches? Another option we have is to outsource our IT security. Source: https://tinyurl.com/yn98redu Outsourcing IT security has its benefits and consequences. One of the benefits is that outsourced IT security is reliable and effectiv
Post a Comment
Read more

Planning An Important Risk

Image
Risks are very important in our daily lives and in our workplace, where they are much more important. To minimize the risk of a project being implemented in the organization, it is a must to have Project Risk Management. Project risk management is a process used by managers to identify risks, mitigate their negative effects, and capitalize on the positive aspects of those risks in the future (Toolshero). For some people, project risk management is perceived as a waste of time, and for them to understand that it is important, we must take some actions. We must understand how the possible risks would affect the operations, the cost of those effects, and the time that would be wasted if such risks happened. Through proper communication, seminars, and training, the significance of project risk management will be appreciated better by everyone. Another way is to let others know that it is better to be prepared than sorry. Make them understand that the risks can affect their jobs, or worse
Post a Comment
Read more

ExactName explores the Online Gaming World

"Failures in real life is like in video games, just try again." The internet plays a lot of important roles in our lives today. Google Maps, Facebook (Meta), Twitter, Food Panda, Grab, G-cash, Pay Maya, and a lot of daily applications we use today use the internet. These apps improve our daily lives. Navigating becomes easier, ordering food is no longer a hassle, payments are quick and reliable, and you can now communicate with people thousands of kilometers away in less than a second. But for me, the internet introduced something that defines me today. via GIPHY In the entertainment offered by the rise of the internet, online gaming has become a daily activity for me. I really enjoyed playing games so much that it has become an addiction. It introduced me to friends with the same interest, of whom some are still in contact with me to this day, even though we haven’t met personally. There are a lot of misconceptions about gaming, and most people think more about its bad effec
Post a Comment
Read more