A major aspect of the function of management accounting is to process, evaluate and provide information to decision makers on topics that may likely be of concern to the business entity. The rise of green technology, driven by the global push toward sustainability and climate change mitigation, has broad-reaching implications for accounting and finance and […]

Introduction It is the wish and desire of every election stakeholder to avoid post-election campaign internal crisis that always stem from one form of financial misappropriation or the other. The management of campaign donations is a critical aspect of political campaigning, requiring meticulous attention to transparency and ethical practices. As the campaign manager of a […]

Abstract: It is now a well-established fact that the financial management landscape has fully embraced business technology. The integration of Artificial Intelligence (AI) into Accounts Receivable (AR) processes presents a digital transformative opportunity for businesses. This article explores the various applications of AI in AR management, detailing how these technologies can enhance efficiency, accuracy, and […]

As an accountant with over 15 years of experience working in various audit role, I can confirm that auditing Personal Income Tax (PAYE) can be very problematic if not handled with care. This PAYE Calculator even though in its beta stage has proven to be an invaluable tool in the toolkit of professional accountants working […]

Life is full of series of decisions that we make even without knowing it. We choose how to react to a given situation within split seconds. The decision to be angry or not to be angry in a given situation is make almost spontaneously. This does not mean that now active decision is made in […]

I have been getting requests ever since I wrote an article on the external sources of information for strategic decision to write this article on the needed information for strategic decision-making. While writing that post, I erroneously assumed that people looking for sources of information already knows what information they are looking for, boy was […]

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 […]

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 […]

“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 […]

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 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 […]

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 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 […]

To whom much is given, much is expected, the role of reporting to the board of directors (BOD) is both prestigious and demanding. It requires an enviable understanding of complex matters and the ability to communicate them effectively to a diverse group of board members. In today’s article, all our energy will be channeled towards […]

What is internal auditing?Internal auditing is a systematic and independent examination of an organization’s financial and operational processes, controls, and activities. The primary purpose of internal auditing is to provide assurance to the organization’s management and stakeholders that its operations are effective, efficient, and compliant with relevant laws, regulations, and internal policies. Internal auditors, often […]