This article is about effective stress management tips and techniques for accountants and internal auditors. These 16 most effective stress management tips for accountants and internal auditors that are discussed in this accounting blog post is not only for accountants but for anyone experiencing workplace related stress. The increasing level of responsibilities and huge deliverables […]
Archives for June 2022
Integrating People, Process and Technology for Competitive Advantage
People, Process and Technology still remains the success triad of modern-day business enterprise. Defect in any of the triad can lead to collateral damage in the overall outlook of the entity. A company that aspires to embark on meaning digital transformation for example would struggle to achieve its corporate objectives in the area of digital […]
Workforce trend of now and beyond |impacts of work life balance and hybrid work
Many valuable lessons were learned in 2020 when the whole world was taken unaware by COVID 19 pandemic. Too many condoned inadequacies were exposed and these ultimately led to the collapse of many companies. The pandemic also boosted the relevant cashflow and profitability of the very few prepared companies. The pandemic did not give any […]
How to grow your business using Zig Ziglar’s golden rule philosophy
Zig Ziglar of blessed memory was and is still my best go to author when it comes to practical teaching for real life natural science of living a complete, fulfilled, end-to-end desired lifestyle. His teachings through his numerous seminars, books and audio books really molded my life and the way I think. You will agree […]
What are Assets and Liabilities in Accounting | accounting basic for non-accountant business owners
As a small business owner, there are times when you need to take certain decisions without massive inputs from your small business accountants. I have curated all my accounting 101 articles just to provide concise yet, comprehensive information for those aspiring to become accountants in the above linked article. In this article on what are […]
Non-financial information | an often over looked solution to most business problems
All of a sudden, everyone is now scrambling to gain full understanding of what non financial information really is; all thanks to the various legislations in response to the European Union (EU) Directive 2014/95/UE that aimed at making businesses realize that we only have one planet to live in – many claims abound of the […]
Dealing with late paying customers | A few considerations on how you can deal with late-paying customers
Late payments can hamper cash flow. One of the most important aspects of running a business is having a steady flow of cash. Recall that last week, we provided tips on how to implement internal control around receivables. This article is focused on those receivables that managed to slip through the internal control mechanism in […]
What is Digital Transformation? | Master how to make DX work for your business.
Almost everyone is talking about digital transformation (DX) but in reality, not everyone acts digital transformation. The level of sophistication and fluidity that a company can attain in today’s digital transformation enabling environment is only limited by the creativity of key players in an organization. Digital transformation is all about leveraging on the power of […]
Great Resignation | Discover tips on how to help retain your best staff in this great resignation era
Great resignation is a real business problem and the sooner organizations realize this the better for them. A great leveler in the form of technology has come to the rescue of employees. The options of remote and hybrid job even compound and skewed the matter in favour of employees. “I started applying for a new […]
Internal Control Tips for Managing Accounts Receivable
Accounts receivables are created as a result of businesses pathing ways with their goods and services with promise from their customers that they will pay up within agreed time. These figures can easily get out of hand if not managed properly. In this article on internal control tips for managing accounts receivable, I will be […]
Beyond Accounting | business leaders are looking for business partners in their accountants
I recently attended an interview for the position of accounting business partner (I got an offer from the company but didn’t accept as we were not able to agree on remuneration – more on that in another post) where the hiring MD asked me to tell him what I understood by the phrase ‘beyond accounting’ […]
Delayed gratification is the master key to success | keep investing in secret to reap in the open later
‘All the money you see me spend today, I worked for yesterday, investment is still very important but when done intentionally’ Chinweike Okwuduche 2022. There is never such thing as an overnight success as many wrongly believe. What we have is the manifestation of yesterday’s work in today’s reality. I became a chartered accountant for […]
What is Profit First? | do accountants really need certification to implement profit first?
I was surprisingly surprised when I noticed that there is a certification body for accountants that specializes in implementing profit first philosophy. I didn’t make any attempt to understand what the whole certification process (so I might be surprisingly wrong) but I bet you would be as surprisingly surprised as I was by the time […]
Twelve (12) ways of Dealing with difficult business partners
All individuals cannot always agree on all matters at all times – in fact, disagreement is a veritable ingredient that refines our interactions and improves our ingenuity, shrewdness and productivity which in turn leads to success. Dealing with difficult or tough business partners is a way of business life that has been mastered by successful […]