Functions of management accounting cannot be fully appreciated if a working definition and explanation of what a management accounting is all about is not reasonably provided. To this end, I would like to start this article by providing a brief description of what management accounting is below. WHAT IS MANAGEMENT ACCOUNTING? Management accounting is the […]

Business ethic is that aspect of corporate governance that has to do with the moral values of managers encouraging them to be transparent in business dealings. Business ethics takes into consideration the feelings of customers in fashioning out the services or goods that is given to our customers. It also takes into account the interest […]

Accounting information system (AIS) is that subsystem of overall management information system that provides information to an organization in the right format, size, time frame, and within a budget. Accountants have many roles to play as far as accounting information system is concerned. In this article, you will learn the various roles that accountants play […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 no doubt are the most qualified communicators in the business world. Accountants are trained to be communicators specializing in communicating financial information in a language that is understood by all and sundry. The information must meet the requirement of information for it to be termed so. Some of the features of anything that must […]

I recently ran into an old friend of mine who has lost his lucrative job in a once very successful business. He asked me a question that really touched me. His question to me was; “what are accountants doing to improve the standard of living?” This guy is the bread winner of his family and […]

Accounting information system has redirected the direction of accounting profession onto a positive path of becoming a highly sought after information processing professionals with super magic powers to crunch data and make sense of it – this is otherwise known as big data analysis. Traditionally, accountants were seen as business and audit specialist whose only […]