Military training prepares individuals to perfectly fit into any other career that they decide to finally switch into. To be a good accountant, I have come to discover that one must be in possession of those quality that military men posses. Those qualities of the military that every accountants need is the subject matter of […]
MANAGERIAL ACCOUNTING – WHAT YOU MUST KNOW AS A MANAGEMENT ACCOUNTANT
Managerial accounting is an accounting system prepared by management accountants with the sole aim of assisting the management of a company make an informed internal economic decision. Management accounting as it is popularly known as is a branch of accounting that uses many decision making tools to filter information leaving only useful information for the […]
GREEN FUNDS- SOCIAL RESPONSIBLE INVESTMENT
Green funds are collection of public funds by fund managers with promise of investing in green projects. Some green fund will promise not to invest in tobacco while green funds will promise not to invest in non-renewable energy projects. A good example of green fund is the alternative energy mutual funds. This brings us to […]
IMPORTANCE OF ACCOUNTING IN CHURCHES
The importance of accounting in the church is a controversial issue that is giving a lot of clergymen and women concern in our modern world. This is particularly important now that churches have been taken to be a profitable business venture. Without prejudice, this is a fact that may be difficult for some people to […]
USERS OF AIS
AIS are an acronym used to represent that aspect of MIS (management information system) that deals with accounting informational flows. AIS stand for accounting information system. The main classes of people that use AIS (users of AIS) are the accountants and auditors that can act in various capacities. Below are the major users of accounting information […]
RELEVANT CASH FLOWS OF CAPITAL BUDGETING
Relevant cash flows of capital budgeting and investment appraisal are one area that confuses people a lot. This confusion is common amongst students that are taking financial management as a course in their bid to become finance professionals. The motivation for writing this article is to clear this confusion on what is relevant cash flow and […]
WHAT IS A GOOD INVESTMENT?
What is investment was on the lips of many people some years back during the dotcom era before the investment community was shaken to its root during the economic crisis. But, the question has dramatically changed to what is a good investment now that the global economic crisis and its adverse effects still stir on […]
INVESTMENT APPRAISAL SHOULD ADD VALUE TO THE OVERALL FORTUNE OF A BUSINESS
Investment appraisal is a scientific process of evaluating the financial and non-financial factors to determine the economic viability of an investment opportunity. Another name for investment appraisal is capital budgeting. Companies create value for the owners of a company by investing in projects that have positive NPV (net present value). The reason behind this is […]
CAPITAL BUDGETING PROCESS; MEANING AND PROCESS
Capital budgeting is a scientific process of identifying, analyzing, selecting and implementing investment projects with returns that are expected to span over more than one year. Capital budgeting is also referred to as investment appraisal. The importance of capital budgeting in the process of investing cannot be over emphasized as capital budgeting gives a calculated […]
ACCOUNTANT’S ROLES IN A MODERN AND VIBRANT BUSINESS
Accountants have many roles like; accountants role in economic development, roles of accountants in fraud fighting, roles of accountants in the face of economic meltdown. The role of accountants is pervasive in nature and this article is another proof of this. In this article are the roles of accountants in a forward looking and vibrant […]
ROLES OF ACCOUNTANTS AND AUDITORS IN SMALL BUSINESSES
Accountants are experts in business communication and as such have significant role to play in business. The roles of accountants in small business are what I will be discussing in this article but from different perspective. You may have read a lot about the roles of accountants in small businesses but not in the same […]
USES AND BENEFITS OF STATEMENT OF CASH FLOW
Statement of cash flow or cash flow statement/ fund flow statement as it was formerly called is a component of the financial statements that explains how a company manages her finances. Questions like how a company makes money, what a company invests in and how projects are financed are explained in the statement of financial […]
INVESTMENT OPPORTUNITIES IN THE FACE OF ECONOMIC MELTDOWN
Investment opportunity is what everyone is actively looking for now that the global economy is still struggling to come out of financial crisis. The only investments that one can put his money into under the face of economic crisis are investments that serve areas that people can hardly do without. In this article are some […]
ROLE OF ACCOUNTANTS AS INDEPENDENT ADVISORS
The role of accountants as independent advisors needs to be clearly stated to avoid conflict of roles that characterize business world today. This clarification is necessary as the traditional roles of accountants expand on an exponential manner. The traditional role of accountants is principally the; collection, collation, preparation, analysis, interpretation and communication of accounting information […]
INDEPENDENT ADVISORS; WHY DO WE NEED THEM?
Independent advisors are specialists and experts that devote their time and energy into telling their clients what to do at any particular point in time. Independent advisors are found in every facet of life ranging from medicine to art works. This article is primarily written to discuss the role of independent business advisor. Independent business […]
WHAT IS INVESTMENT?
What is investment? is one question that anyone considering putting aside some money for future growth needs to get concrete answer to. I have not only answered the question is this article but have also provided some basic guide to safeguarding your investment. Investment is one term that has been greatly misunderstood and misinterpreted by […]
WORKPLACE BULLYING; A NEW LOOPHOLE FOR OCCUPATIONAL FRAUD
Workplace bullying and adult bullying is fast becoming a major part of business community and the community at large. People seem to be deriving joy in bullying those below them in their offices. Subordinates out of fear of being bullied fail to blow whistle that would have helped uncover occupational fraud and other frauds that […]
ROLE OF ACCOUNTANTS IN ECONOMIC DEVELOPMENT AND GROWTH
Accountants have many roles to play in the development of every economy. The growth and development of every economy hinges on how resources are judiciously managed and multiplied. Accounting is all about cost savings and this I am sure is the back bone of economic development and growth. Some of the roles of accountants in […]
PROBLEMS ACCOUNTANTS FACE IN THE GOOGLE AGE
I use the phrase ‘Google age’ to represent the age of information superhighways because that is the age we are living in now. Eras where changes occur too fast that one hardly digest any change before they disappear. Problems faced by accountants in this age takes after the age that we are in. Changes in […]
ACCOUNTANTS AND ASSURANCE SERVICES; ASSURANCE SERVICES THAT CAN BE PERFORMED BY ACCOUNTANTS
Accountants as professionals are at the forefront in the industry of assurance service providers. Assurance service is all about lending credibility to information. This development is a direct response to the call from the general public to all accountants to wake up from their slumber and do what they are supposed to do in the […]
ACCOUNTING INFORMATION SYSTEM; WHAT IT IS AND WHAT IT IS NOT
Accounting information system (AIS) is one aspect of accounting that has been greatly misunderstood and misinterpreted. I am writing this article because of the experience I had in one of the seminars I attended recently. I won’t mention the name of the organizers of the seminar so that they won’t feel hurt (egotistically). But, I […]