Archives for September 2024

Providing reliable cost and financial information still remains one of the importance of accounting in general. However, In today’s hyper-competitive business landscape, staying profitable is as much about managing costs as it is about growing revenues. Cost accounting—an essential arm of financial management—provides businesses with a granular view of their costs, helping them control expenses, […]

Compliance is more than just a checklist for modern organizations. It is a robust, meaningful, complex, ever-changing series of laws, regulations, and industry standards designed to make things better. At some point, it appears that we have too many of ISOs – nothing is ever best when it becomes too much. Failure to stay compliant […]

Introduction Make no mistake about the level of accounting compliance topics that accountants must deal with daily. Private equity (PE) has become an integral part of the global financial ecosystem, playing a pivotal role in funding companies and fostering growth, especially in emerging markets. Accounting for private equity investments, however, presents unique challenges to professional […]

I recalled some years back while studying for my master’s degree in accounting how we were all baffled by the number of things that could be accomplished through Management Accounting Control Systems (MCS). Well, all those now look trivial compared to what is currently obtainable in today’s rapidly advancing business landscape where the convergence of […]

Introduction Accountant Next Door’s opinion and comments on IFRS is long overdue considering the years of accounting and finance experience that I have. Readers of hybrid accountants have been patiently waiting for this IFRS commentary for years. I apologize for taking this long to launch the Accountant Next Door IFRS commentary box. From here, we […]