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Expert in the field of business
 
Anil Lamba
Practising Chartered Accountant
Financial Consultant with a Doctorate in Taxation
B.Com, L.L.B., F.C.A, Ph.D
 
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If numbers leave you nonplussed, you have come to the right place.

Dr. Anil Lamba has been teaching financial management programmes at reputed corporate houses and is a visiting faculty at a premier management institutes in India. Concepts like expenses, incomes, profits, assets and liabilities, find clear elucidation with his jargon-free approach.

He says, "Finance today controls a major part of your life. Just think of what people who do not know about finance go through evey year for their tax savings, investments... Finance touches every aspect of your life. If you are offered a plum job tomorrow, your decision has to be taken on the basis of the financial health of the company. And what better way to do this than studying its balance sheet?"

Fire your questions away at this CA, teacher, entrepreneur, management expert and financial consultant rolled into one.




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What people are asking Anil Lamba...
1. Who are Chartered Accounts?
Q: Chartered Accountant is new to me, Could you please enlighten me about this sir? as am planning to apply for this position in Dubai? Thank you very much.
A : Chartered Accountancy is a professional course. It is very intense and is taken up by those wishing to attain mastery in the field of accounts and finance. Chartered Accountants are very much in demand and the job prospects, therefore, are good. However CAs also can set up independent practice and offer accounting, auditing, company law & tax related services. A somewhat similar qualification in the USA is the CPA.
2. debt write off in microfinance
Q: Dr. Anil
In convetional accounting Bad debts are normaly written off against already recognised Income (sales if you like).I once worked for a microfinance institution where interest was only recognised when the debtor actualy paid.Some of the debtors never paid and became bad.Tell me is writing off of such debts against interest earned from other debtors in order.remeber in coventional accounting when you write off debts you are basically bringing the initial transaction to zero.
A : Dear Austin,

If the income is not recognised unless received, there can be no quetion of writing off a bad debt. As you yourself mention, the net effect of writing off is to bring the transaction to zero. Therefore if the income has not been recorded it is anyhow at zero.

Anil Lamba

3. FIN. MGT
Q: Sir,being a fellow of chartered accountant, do you render your service at any of the acca tuition provider?
A : Dear Bashir Tanimu,

No, I do not render services at any of these places.

Regards


Anil Lamba
4. Dear Dr. Lamba
Q: Thank you for replying back, i was pleased to hear from you.I would like it so much if you can help me with my MBA in "india". I wish you can send me the information about it.THanking you in advance.
respectfully yours,

A : Dear Mr Mazen Zein,

I'm sorry for the delay in replying to your mail.

The reason I said that perhaps, to a certain extent, I may be able to help you with a management programme, is because the Lamcon Group also runs a Business School in Pune, India, called the Lamcon School of Management. Pune is considered to be the educational seat of India and is called the Oxford of the East. A large number of students from all over the world come here to study.

I suggest you visit the school's website www.lamconschool.com.

I request you to send me all details about your educational background, work experience alongwith a note stating why do you think you should be granted a scholarship. I will pass on the information to the relevant persons.

The details may be sent to me at the following email address: info@lamconschool.com

Warm regards


Dr Anil Lamba
5. dear sir
Q: i dont have a question i just need an advice, i know its not usual but i would like to know your opinion about my case, i'm a law graduate from lebanon and i want to work in the field of finance but i dont know how to start, i wish i could find a job in dubai that helps me start my new objective. ps: i dont have the money to study MBA.
thanks for your help
A : Dear Mazen,

Having some kind of qualification in finance would definitely help you in getting a job in the field of finance. In absence of which, you will probably have to knock on many doors and make cold calls and hope for the best.

If you would like to do your MBA, and are not doing so only on account of financial difficulties, I could probably help you with some scholarships for an MBA in India. Do let me know in case you are interested.

Anil Lamba
View all questions of expert Anil Lamba

Recent Articles by Anil Lamba...
1. Old Economy Vs the Name
"Where there is much desire to learn, there of necessity will be much arguing, much writing, much opinions; for opinion in good men is but knowledge in the making" - John Milton "No army can withstand the ... Read More
 

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Trade in your old smartphone and upgrade to the One

Receive a discount of AED 300 or more on an HTC One M9 or HTC One M9+ when you trade in any used smartphone and stand a chance to win Dubai, UAE, 27 August 2015: HTC’s innovative Buy Back promotion allows you to trade in any used smartphone, regardless of its make, and upgrade to the HTC One M9 and HTC One M9+ for a discount of AED300 or more. This unprecedented offer gives Android users the opportunity to own HTC’s latest flagship phone, for less. Throughout the ongoing three ... More

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Ericsson presents the internet era of TV at IBC 2015

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