Working capital management has an important role to play in the success of a business. Over 75% of companies that are running at a loss or struggling financially would be profitable and liquid if only the power of working capital management in releasing tied down capital that could otherwise be put to productive use are […]
Archives for July 2012
WHAT IS A BUSINESS CASE | MEANING AND IMPORTANCE
This is a super concise information that explains what a business case is in a simple manner. Great emphasis is laid on the inportance of business case and why you should not start any project without having a well defined business case that is subject to regular review.
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ROLES OF ACCOUNTS PAYABLE IN OPTIMISING WORKING CAPITAL MANAGEMENT
The roles of accounts payable in managing working capital has always been overlooked by many businesses. The main reason for this oversight is the fact that many business organization do not deem it fit to employ an expert that would stir the accounts payable administrative functions of the entity. A research that I did during […]
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WHO IS A BUSINESS COACH? ARE BUSINESS COACHES SAME AS BUSINESS CONSULTANTS?
MEANING OF A BUSINESS COACH Every endeavour of life requires one form of coaching or the other. Business coaches are the catalysts that help business owners get to their desired business goals and objectives. A business coach is not a teacher like many people think. Coaching helps nurture what is already within (something you learnt […]
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ROLES | DUTIES AND RESPONSIBILITIES OF ACCOUNTANTS IN FINANCIAL PLANNING
Financial planning is too important in our lives to be left in the hands of many unqualified professionals. Vast majority of people buying into the various financial planning products that are being floated almost on a daily basis are ignorant of the fact that their financial well being is as important as the medical and […]
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6 (SIX) GROUPS OF PEOPLE THAT USES ACCOUNTING INFORMATION
Accounting information is used by different stakeholders for different reasons. The users of accounting information are summed up into six groups. This article is written in response to a question asked by one of the readers of the original articles on users of accounting. You may want to read that article for further insight into […]
