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 […]

In today’s dynamic and uncertain business landscape, organizations are constantly challenged to adapt, innovate, and thrive. To navigate this ever-changing environment successfully, businesses must adopt a strategic approaches that goes beyond mere reaction and problem-solving. They combine the potent powers in “Risk-Based Thinking,” “Systems Thinking”, and “Design Thinking” methodology to empower their organizations to proactively […]

Business systems migration and integration are essential processes for organizations looking to improve efficiency, streamline operations, and leverage technology to better serve their customers and achieve their strategic goals. Business systems migration and integration are two distinct but closely related processes that organizations undertake to improve their operational efficiency, streamline processes, enhance data management, and […]

Meaning and Definition of Accounts PayablesBefore immersing ourselves into providing answer to the question of what is the accounting treatment of accounts payables, it will be cool if we first of all attempt to establish a working understanding of what accounts payables really is. So, let us spend the next few minutes providing a simple […]

Marketing no doubt can easily become daunting within a very short time as innovative marketers constantly doll out new marketing strategies that needs to be matched or risk being out of business. In today’s fast-paced digital landscape, businesses are harnessing the power of Artificial Intelligence (AI) to revolutionize their marketing strategies. AI offers unprecedented opportunities […]

You must probably have heard the breaking news of global warming and how we will all probably die (as if we are not going to die) if we continue with this rascality and cruelty to our environment does not stop. In recent years, Environmental, Social, and Governance (ESG) and making the world a greener place […]

Working from home is no longer a mere wishful thinking of some lazy employees who simply thinks that Golds are still served on a platter of Gold – no pun intended. But rather a current business that has come to stay. In the wake of recent global events, the landscape of work has undergone a […]

The functions of accounting department come in many shapes and dimensions. One of such dimensions is to calculate, record, manage, analyze and reconcile employee related expenses. Payroll accounting deals with all tasks that involves payroll transactions. These tasks include paying staff at period ends, deducting and remitting relevant regulatory deductions, and posting payroll information into […]

I am currently on my annual leave and was going through emails from the followers of this accounting blog. This message from someone (name withheld as requested) asking that I provide a comprehensive guide that can be used by someone who recently got a job as a payroll administrator in a multinational company. First of […]

I have never seen anything thing that is more complex as decision making. It does not matter the importance we place on it. Choosing a cloth of your choice at the shop whether you like it or not involves some complex decision process. Decision making is different from sentiment and must be treated uniquely. In […]

As a modern day auditor, the idea of auditing in computer based environment should no longer be alien to you. In fact, I suggest you become proficient in conducting an AIS audit as this will broaden your horizon as an auditor – internal or external. Auditing through computer and auditing around computer are two different […]