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Debit positions in accounting: A comprehensive guide for beginners

The debit position in accounting is a fundamental concept that is of great importance to both managers and experienced financial accountants. It refers to the planned or expected status of accounts at a particular point in time. This information is crucial not only for financial accounting, but also for preparing accurate financial statements and monitoring company finances. A well-structured understanding of the debit position can help you to avoid errors in accounting [...].

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IoT in maintenance: efficient technology for system maintenance

The Internet of Things (IoT) refers to a network of physical objects that are equipped with sensors, software and other technologies to collect and exchange data. These objects can include anything from household appliances to industrial machines. The idea behind IoT is to improve the interaction between devices and people by enabling them to communicate information in real time. This networking enables companies to

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Predictive maintenance: Effective maintenance for maximum performance

Predictive maintenance is a strategic approach to the maintenance of machinery and equipment that aims to predict and prevent potential failures before they actually occur. This method uses various technologies and data analyses to monitor the condition of equipment in real time. In contrast to reactive maintenance, in which measures are taken after a failure, or preventive maintenance, which is based on set time intervals, predictive maintenance focuses on

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Are cloud-based CAFM solutions really secure?

At a time when cloud-based solutions are becoming more and more important, the question of the security of these technologies in the field of computer-aided facility management (CAFM) software arises. While innovative CAFM software providers offer undeniable advantages in terms of flexibility and cost savings, concerns about data protection and security are not negligible. According to a survey by Gartner, 70 % of respondents stated that they have security concerns about cloud-based solutions, which makes the

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Project goals: Effective strategies for successful results

Project objectives are the basic building blocks of any project and serve as a guideline for all those involved. They define what is to be achieved and provide a clear direction for the planning and implementation of project activities. In today's dynamic business world, where requirements and conditions can change quickly, it is essential that project objectives are precisely formulated and well thought out. Not only do they help to keep the focus on the desired results, they also

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The development of smart cities in Germany

Smart cities are urban spaces that utilise modern technologies and digital solutions to improve the quality of life of their residents and at the same time increase the efficiency of urban services. These cities integrate information and communication technologies (ICT) into all aspects of urban life, from traffic control to energy supply and waste management. The aim is to use data and intelligent systems to promote sustainable development that is both economically and socially sustainable.

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The hidden costs of poor asset management and how to avoid them

When we talk about asset management, most of us think of the proper management of buildings and their infrastructure. But have you ever thought about what happens when this management is not optimised? The hidden costs might surprise you! Poor asset management can not only lead to physical damage to properties, but can also result in significant financial losses. These costs are often difficult to quantify and are often overlooked,

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Effective machine maintenance: tips and tricks

Machine maintenance plays a crucial role in industry and manufacturing. It not only ensures the functionality and efficiency of machines, but also contributes to the safety of employees. Well-performed maintenance can significantly extend the service life of machines and reduce the need for costly repairs. At a time when companies are constantly endeavouring to reduce their operating costs while increasing productivity, the importance of machine maintenance is becoming increasingly important.

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IFRS 16: New rules for leases

IFRS 16, which came into force in January 2019, represents a significant change in the accounting of leases. The standard was developed by the International Accounting Standards Board (IASB) to increase the transparency and comparability of financial reporting. Prior to the introduction of IFRS 16, companies had to distinguish between operating leases and finance leases, which often led to an incomplete presentation of financial obligations. With the new regulation, a

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Energy and sustainability management: a guide

Energy and sustainability management are key issues that are increasingly driven by the challenges of climate change and resource scarcity. Companies are faced with the urgent need to increase their energy efficiency and implement sustainable practices in order to not only reduce their operating costs, but also to fulfil their social responsibility. In this context, energy and sustainability management is understood as a strategic approach that aims to optimise energy consumption, reduce emissions and minimise environmental impact.

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Top 5 CAFM software market leaders in 2024: a comparison

Choosing the best CAFM software requires a careful analysis of the current market leaders and their specific offerings. In 2024, there are five outstanding providers that stand out not only for their innovative solutions, but also for their ability to adapt to modern requirements. Planon, for example, offers comprehensive property management functionality and claims to have achieved an increase in efficiency of up to 30% for its users. Archibus stands out

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The secret checklist for a successful online application: What the software really wants to see

In the digital world of work, online applications are no longer a rarity, but they are often the first step to a dream job. Online applications usually have to go through recruiting software before they can be viewed by a hiring manager. This can feel like a rocky road, especially when you consider that many companies today completely automate the application process in the initial stages. According to a study by Jobscan, approximately 98 % of Fortune 500 companies have an applicant tracking system in place

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Building maintenance: Why preventive maintenance is the key to reducing costs

Building maintenance is a key aspect of facility management that is often underestimated. But did you know that preventive maintenance can save up to 30% of maintenance costs? This finding is supported by numerous studies, and it is no longer a secret that a well thought-out maintenance strategy not only increases the longevity of facilities, but can also significantly reduce operating costs. Focusing on preventative measures means identifying and minimising potential problems.

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Top 5 advantages and disadvantages of AG, GmbH, OHG, KG and sole proprietorship at a glance

When setting up a company in Germany, choosing the right legal form is crucial. Different company forms such as AG, GmbH, OHG, KG and sole proprietorship each have specific advantages and disadvantages that need to be taken into account. The decision affects not only liability and tax aspects, but also flexibility in business activities. According to a study by KfW, almost every structure has its own challenges: around 50 % of the

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Predictive maintenance: Effective maintenance

Predictive maintenance is a strategic approach to maintaining machinery and equipment that aims to predict and prevent potential failures before they actually occur. This method uses data analyses and modern technologies to continuously monitor the condition of equipment. In contrast to reactive maintenance, in which measures are taken after a failure, or preventive maintenance, which is based on set time intervals, predictive maintenance makes it possible to

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Lease accounting: new rules and effects

Lease accounting is a key aspect of accounting that is of great importance to companies. It refers to the way in which leases are recognised and reported in a company's financial statements. Leasing is a widely used form of financing that allows companies to utilise assets without acquiring them directly. This can be particularly beneficial for companies that want to preserve their liquidity while gaining access to modern technologies.

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Critical analysis: Are the costs of CAFM systems justified?

The cost of CAFM (Computer-Aided Facility Management) systems is a hotly debated topic in the facility management community. At a time when companies are looking to optimise their operating costs while working more efficiently, the question arises: is the investment in CAFM software and solutions really justified? Studies show that over 70 % of facility managers believe that a well-implemented CAFM solution can realise significant savings in operating costs. Thus reported

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