Whenever the issue of health is mentioned, peoples mind quickly reflect on diseases that affects human body. Well, in as much as this is a natural response, the fact still remains that our finances can be sick and can be in a very bad state of health if we fail to keep an eye on […]
ONLINE ACCOUNTING DEGREE | A VALUABLE QUALIFICATION TO OBTAIN
Getting business and accounting degrees online has been fully embraced by many in recent years. Traditional universities and business schools now offer one form of internet accountancy program or the other. This new development is made possible by the massive improvement in technology that we have experienced in the last two decades. There are various […]
WHO IS AN INVESTOR?
An investor is someone who has access to extra resources that can be put into a venture with the hope of making extra returns. Notice that he or she must not necessarily own the money that will be used for the investment. An investor understands the importance of investing in the development of an economy. […]
BENEFITS OF ENTERPRISE RESOURCE PLANNING (ERP)
Businesses over the last three decades have benefited from the deployment and use of enterprise resource planning software. Enterprise resource planning software (ERP) has revolutionised the way that processes with a business entity are handled. The idea of having an end-to-end work flow made it possible back-office, front office and highway office (online) to be […]
WHAT IS SOCIAL AUDIT?
Business social intelligence and social analytics tools are constantly shaping the way that businesses relate with its environment. One of the fundamental success factors in this hyper competitive business environment is the ability of a company to be social and socially responsible. Social audit is the totality of a well planned activities performed by a […]
DUTIES AND RESPONSIBILITY PUBLIC ACCOUNTANTS IN AMERICAN SMALL BUSINESSES
Accountants in our modern society have repositioned themselves in such a way that the importance of accountants in the overall success of small businesses is becoming more glaring as the day passes. Gone are the days when the duties and responsibilities of accountants are confined to rambling with papers filled with outdated figures. Nowadays, accountants […]
MARKETING FOR ACCOUNTANTS | HOW TO BECOME AN ACCOUNTING ENTREPRENEUR
Marketing your accountancy expertise can quickly become frustrating if you are not equipped with the right skill sets to effectively and efficiently market your accounting firm. Although marketing as a course is included in the curricular of most accounting degrees, the content of the courses are tailored towards generic marketing strategy rather than helping potential […]
FUNDAMENTALS OF BUSINESS ANALYSIS
Understanding the fundamentals of business analysis is the foundation that every business analysts should strive to lay on a solid ground. Business analysts are professionals working towards improving existing and potential processes in a given organization. A business analyst can be called in at any point in the business process journey to offer invaluable insightful […]
WHAT IS BUSINESS TURNAROUND | MEANING AND PROCESS
Business turnaround involves reviving a struggling or probably a dying business. This implies taking steps that would turn a company’s distressed financial position into a healthy and profitable one. It is widely believed that business turnaround is a short term action designed to ease short term financial difficulty. A company that struggles to meet up […]
HOW TO MANAGE A SMALL BUSINESS WITHOUT STRESS
Over 85% of small businesses fail within the first 5 years of setting them up. The simple reason behind this high rate of small business failure is the fact many entrepreneur do not know how to manage small businesses without stress. Before you start developing that brilliant idea of yours into a small business, it […]
THE IMPORTANCE OF HAVING A FIXED ASSET REGISTERS
The importance of fixed asset register in an organization cannot be over emphasized. You simply lose sight of your valuable asset if there is no well organised register of your fixed asset. This article briefly discussed some importance of having a working fixed assets register in your small business. FIVE IMPORTANCE AND BENEFITS OF FIXED […]
MANAGEMENT ACCOUNTING TOOLS AND BUSINESS INTELLIGENCE
Management accounting tools and business intelligence over the years have grown to become the hallmark of high flying businesses. It is no longer news that critical business success factor is largely based on a company’s ability to analyse big data on a real time basis. You simply cannot succeed in this globalised hostile business environment […]
BIG DATA: IMPLICATIONS AND IMPORTANCE
You cannot talk about business intelligence and strategy today without making reference to big data. The improved computing power at the disposal of individuals has given rise to a whole lot of new opportunities and threats in the business community. Smart organizations cannot do without tapping into the enormous opportunity WHAT IS BIG DATA? Big […]
WHY DO WE STILL HAVE CORPORATE FRAUD?
For many years, fraud examiners and fraud fighters have deployed substantial resources waging the war against fraud and yet not much has been achieved. Accounting fraud and corporate fraud still make headlines almost on a daily basis. The conventional knowledge is that fraud only occurs when the three variables in what fraud experts called the […]
FORENSIC ACCOUNTANT SKILLS
As business environment continually change alongside every other thing. The presence of fraud triangle also increases thereby giving room for many more accounting frauds. This development gave rise to the demand of individuals with forensic accounting skills. Just like in every other profession where you are required to have a set of baseline skills in […]
BIG DATA AND STRATEGIC DIRECTION OF ORGANIZATIONS
In today’s analytical business environment, the strategic direction of an organization largely depends on how it views this concept of bid data that is now on the lips of every business leaders. Traditionally, business analysts make use of fairly standard analytical tool to make meaningful business and data analysis. With the recent increase in the […]
SMALL BUSINESS BUDGET: PROBLEMS | DRAWBACKS AND IMPORTANCE OF SMALL BUSINESS BUDGETING?
Small business budgeting is often marred by some fundamental problems and drawbacks that stems from the fact that most people who are responsible for preparing budget do it without really appreciating what they do. Anyone can manipulate accounting software with the capability of forecasting and come up with some figures. Nowadays, managers at all levels […]
DUTIES, ROLES AND RESPONSIBILITIES OF AN ACCOUNTANT IN A MODERN SOCIETY
The duties, roles and responsibility of accountants in modern society are becoming more pronounced and pervasive as the day passes on. Accountants continually position themselves in strategically advantaged position that enables them contribute enormously to the development and growth of our modern economy and society. Accounting in the medieval days revolves only around recording of […]
HOW TO ASSESS SOFTWARE FOR USE IN YOUR SMALL BUSINESS ACCOUNTING
It is no longer news that we live in a world that is practically controlled by technology. Business and accounting information are no longer kept in their manual form. Selecting the best accounting software is critical to running a modern profitable business. The tips covered in this article will apply to both a standalone accounting […]
USERS OF FORENSIC ACCOUNTING INFORMATION
Forensic accounting information is the output of the investigative arm of accounting aimed at producing information that helps to resolve complaint, statement of claim, rumour, and inquiry or to reduce the financial element of legal debate. This is to say that forensic accountants are called in when an event has taken place and there is a […]
CRITICAL SUCCESS FACTORS | MEANING AND PROCESS
WHAT IS CRITICAL SUCCESS FACTOR (CSF)? Have you ever wondered why customers prefer to do business a company rather than the other? Well, the simple reason behind customers choosing a business over the other is the fact that they perceive value in what the business does over the other. Those things that customers perceive to […]