This article on the difference between management accounting and financial accounting is specifically written in response to requests from newcomers into the world of accountancy who need some form of foundational information on the difference between financial accounts and management accounts. I recall my early days in accounting whenever I receive emails asking for some […]

This article titled the future of finance and beyond is borne out of curiosity while I was taking a Data Analyst Nano Degree course on Udacity. Yeah, I know, you can call me an infotech accountant. Just for show off, see the certificate here. 😊 A lot of finance and statistical calculations that I usually […]

A lot of companies are beginning to realize the importance of having a functional internal control department. This new development has given rise to instances where we have internal control managers being faced with the situation of setting up an internal control department from the scratch. In today’s accounting blog post on how to start […]

Hey, do not be surprised as I sometimes comment on politics because politics and businesses work hand in hand in any complete political economy. Am sure you will agree with me that a major Conner Stone importance of accounting is to provide information to enable decisions that would aid economic development, hence, this article on […]

ISO 27001 Information Security Management provides global standard of information security that has stood the test of time. The problem is that most business managers and entrepreneurs simply do not possess the technical abilities that is required to effectively manage information security risks that now abound in this our information age. At the end of […]

I have received several emails from both experienced and newbie accountants asking me to provide guidance on how to start an accounting blog. I haven’t heeded to their requests for long for many reasons – including reducing the competition that I have to face as we already have too many blogger accountants. Yeah, I needed […]

This article is about effective stress management tips and techniques for accountants and internal auditors. These 16 most effective stress management tips for accountants and internal auditors that are discussed in this accounting blog post is not only for accountants but for anyone experiencing workplace related stress. The increasing level of responsibilities and huge deliverables […]

People, Process and Technology still remains the success triad of modern-day business enterprise. Defect in any of the triad can lead to collateral damage in the overall outlook of the entity. A company that aspires to embark on meaning digital transformation for example would struggle to achieve its corporate objectives in the area of digital […]

Many valuable lessons were learned in 2020 when the whole world was taken unaware by COVID 19 pandemic. Too many condoned inadequacies were exposed and these ultimately led to the collapse of many companies. The pandemic also boosted the relevant cashflow and profitability of the very few prepared companies. The pandemic did not give any […]

Zig Ziglar of blessed memory was and is still my best go to author when it comes to practical teaching for real life natural science of living a complete, fulfilled, end-to-end desired lifestyle. His teachings through his numerous seminars, books and audio books really molded my life and the way I think. You will agree […]

As a small business owner, there are times when you need to take certain decisions without massive inputs from your small business accountants. I have curated all my accounting 101 articles just to provide concise yet, comprehensive information for those aspiring to become accountants in the above linked article. In this article on what are […]

All of a sudden, everyone is now scrambling to gain full understanding of what non financial information really is; all thanks to the various legislations in response to the European Union (EU) Directive 2014/95/UE that aimed at making businesses realize that we only have one planet to live in – many claims abound of the […]

Late payments can hamper cash flow. One of the most important aspects of running a business is having a steady flow of cash. Recall that last week, we provided tips on how to implement internal control around receivables. This article is focused on those receivables that managed to slip through the internal control mechanism in […]

Almost everyone is talking about digital transformation (DX) but in reality, not everyone acts digital transformation. The level of sophistication and fluidity that a company can attain in today’s digital transformation enabling environment is only limited by the creativity of key players in an organization. Digital transformation is all about leveraging on the power of […]

Great resignation is a real business problem and the sooner organizations realize this the better for them. A great leveler in the form of technology has come to the rescue of employees. The options of remote and hybrid job even compound and skewed the matter in favour of employees. “I started applying for a new […]

Accounts receivables are created as a result of businesses pathing ways with their goods and services with promise from their customers that they will pay up within agreed time. These figures can easily get out of hand if not managed properly. In this article on internal control tips for managing accounts receivable, I will be […]

I recently attended an interview for the position of accounting business partner (I got an offer from the company but didn’t accept as we were not able to agree on remuneration – more on that in another post) where the hiring MD asked me to tell him what I understood by the phrase ‘beyond accounting’ […]

‘All the money you see me spend today, I worked for yesterday, investment is still very important but when done intentionally’ Chinweike Okwuduche 2022. There is never such thing as an overnight success as many wrongly believe. What we have is the manifestation of yesterday’s work in today’s reality. I became a chartered accountant for […]

I was surprisingly surprised when I noticed that there is a certification body for accountants that specializes in implementing profit first philosophy. I didn’t make any attempt to understand what the whole certification process (so I might be surprisingly wrong) but I bet you would be as surprisingly surprised as I was by the time […]

All individuals cannot always agree on all matters at all times – in fact, disagreement is a veritable ingredient that refines our interactions and improves our ingenuity, shrewdness and productivity which in turn leads to success. Dealing with difficult or tough business partners is a way of business life that has been mastered by successful […]

Business environment continues to increasingly grow tougher as the day passes with increasing number of business going burst every day. This rather ugly trend would not give way anytime soon. But there are tips on how to revive a dying business. How to revive a dying business using the five pillars of economic recovery model […]