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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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October 25, 2014: The Oman Ministry of Tourism organized a road show and workshops in the UAE, in cooperation with its trade partners from Oman. The move aimed at reinforcing the joint venture between the Ministry and Oman Air and promoting the Sultanate as the region’s leading tourist destination. Aside from presentations by both parties that were designed to give a deeper insight about tourism infrastructure and facilities along with attractive offers, several agreements with UAE-based ... More

Dubai Maritime Week 2014 kicks-off on Monday with high-profile participation

October 25, 2014. Dubai, United Arab Emirates: The second edition of Dubai Maritime Week, a premiere maritime-based event organized by the Dubai Maritime City Authority, the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, kicks-off on monday (October 27, 2014), witnessing high profile participation from local, regional & international maritime leaders, senior government officials, decision-makers, industry ... More


Al Mansouri, Belarus Foreign Minister Discuss Ways to Step-up Economic and Trade Relations

Dubai-UAE: 25 October, 2014 – His Excellency Sultan Bin Saeed Al Mansouri, Minister of Economy, met with Vladimir Makey, Belarus Foreign Minister, to explore ways to strengthen bilateral relations between the two friendly countries in the areas of economy, trade and investment. During the meeting held at the Ministry’s office in Dubai, the two sides discussed prospects for stepping up cooperation between the business communities in the two countries. His Excellency Al Mansouri ... More

Persol 2014 collection, brand new and authentically vintage. A contemporary tribute to a heritage ...

As only real icons can, Persol has the enviable capacity of being able to reinvent itself while at the same time remaining true to itself. A history dotted with inventions since it began in 1917 and a formidable tradition of craftsmanship from which Persol picks new treasures for each ... More


Taking the K-Lynn pledge

IT’S SELFIE TIME! Dubai, October 25, 2014 - In recognition of the global breast cancer awareness month of October, K-Lynn, the specialist lingerie boutique has partnered with Pink Caravan. For the 4th year running, they are encouraging women across the UAE to take the K-Lynn pledge: a ... More

Dubai Youth Hockey - Club sponsors announced As emirate urged to run national level leagues

Dubai: Monday 25th October, 2014: Dubai Youth Hockey Club (DYHC), the first youth hockey development coaching programme in the UAE, aimed at developing the skills and sportsmanship of young hockey players in the emirate, is looking forward to a successful season following the announcement of two ... More


 

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