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 […]

I wrote a piece on the difficulties faced by small and medium sized companies some years back. Cynthia, one of the readers of this accounting blog reached out to me via the comment section of the above referenced article with the below request: “I’m doing research on entrepreneurship skills, please send me reasons why entrepreneurs […]

One would make a pretty good argument if they posit that no other professional knows businesses like accountants do. Accountants possess a unique skill set that extends far beyond number crunching and financial reporting. With their deep understanding of financial systems, tax laws, and business operations, accountants are well-positioned to explore various side hustles that […]

Introduction We all know that anything that remains stagnant eventually goes into extinction with time. Accounting profession evolves and this comes with some level of innovation. The accounting profession moves in tandem with the current realities of our time – technological advancement in all facets of business activities. In the information super highway and big […]

It has long become an open secret that businesses of all size now has a thing or two to do with crypto. In today’s piece, I would be your expert guide through this path many traditional accountants are not yet well equipped to help you navigate. In the ever-evolving world of cryptocurrency, where innovation intertwines […]

This article is all about a tale of what caused some strands of gray hair to magically appear on my head overnight. As an accountant who finally ventured into tech, I can beat my chest and say that I never make mistake J. Gring gring was the loud sound coming from my rather unique mobile […]

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 […]