In today’s accounting blog article, our attention would be shifted to providing a feasible step by step tutorial on how to perform a value chain analysis. I will be sharing some real life value chain analysis experience that I gained working in a manufacturing company. Before we delve into explaining how to perform a value […]
Archives for October 2023
How to Build a Robust Compliance Structure for your Business | Ensuring Legal and Ethical Integrity
In today’s complex business landscape, ensuring that your organization operates within the bounds of the law and adheres to industry-specific regulations is of paramount importance. Building a compliance structure within your business is not only a legal requirement but also a business ethics imperative that can safeguard your brand and promote trust among stakeholders. In […]
Manager vs Boss vs Leader | Which Position is Better?
“Assuming any of the nomenclatures (manager, boss and leader) has it’s aha moments and not so nice repercussions, which of the positions do you think is better to be?” was the topic of discussion that I was recently took part in. The participants of that discussion put lots of insightful points and arguments forward. Today’s […]
What is Hybrid Method of Accounting | Advantages and Disadvantages of Hybrid Accounting Method
This article is a product of responses to the requests of readers of this accounting blog in reaction to my initial article on how to become a hybrid accountant. The request was that I should prepare a comprehensive article that covers most important aspects of hybrid accounting ranging from providing solution to the question ‘what […]
Accountants as Business Leaders | How to become a Business Leader as an Accountant
Accountants as business leaders was a topic of debate in our annual reunion last weekend. I would be sharing some of the points that we raised in the course of our discussion. But before then, it will be nice for us to firstly establish a working definition of what a business leader is. So, let […]
Regrets Cannot Produce Results without Actions | Learn How to Value Stocks and the Importance of Investing Wisely.
Again, I will start today’s article on investment by telling a fictional story just to set the stage for the intended lessons. The ultimate aim is to highlight the importance of investment and to also educate us on the methods of stock valuation. “Beginning of the fictional story about someone who wasted his earnings from […]
The Beast in You Will Die if You Continue Taming It
The phrase “the beast in you will die if you continue taming it” suggests that there is a wild or unruly aspect of one’s personality or nature that can be suppressed or controlled through self-discipline or personal growth efforts. Below are just few interpretations of this statement: Self-control and growth: This statement could be encouraging […]