In this article on the basics of assets management for sustainable growth and development, I will be explaining in simple language how to manage the assets of your business in this technological age and beyond for optimal positive results. What is an Asset? Just for the purpose of this post, an asset is a resource […]

Functions and roles of the CFO (Chief Financial Officer) has long gone beyond preparation of financial statements. You will agree with me that finance is the live blood of every organization, and that a lot goes into ensuring that the finances keeps flowing. If the above is true, then the person who is to be […]

In this article on business growth obstacle and challenges, I will discuss why struggling businesses are not growing and probably will not grow. This article is a continuation of my previous post on how to successfully run a small business and small business lessons from royal families. 10 Business Growth Obstacles and Challenges Mediocre management […]

In this article on the symptoms and signs of overtrading, I will be talking about how to know when a business is overtrading especially in this technologically dependent world that we now live in. I would like to begin by firstly explaining what overtrading means in the next paragraph. What is Overtrading? Over trading is […]

This is going to be a relatively short post to give my opinion on a question that was raised in a recent debate I had with some of my professional colleagues in a small business gathering that we had last week in Lagos. It is always advisable start a discussion like this by making your […]

This article about advantages and disadvantages of risk based internal audit approach is written to answer a question asked by a reader of this accounting blog on my previous article on process of risk based audit. Brief Explanation of Risk Based Internal Audit I will not go into detailed explanation of what a risk based […]

Work place security management and workplace violence management are two concepts that strangely sounds Greek to the ears of over 89% of small business owners and managers. This is an unfortunate reality as it goes a long way to show how SMEs value their most valued assets – employees.  In this article, I will be […]

The main objective of engagement planning is to draw early attention to things that could possibly go wrong during the audit of financial statements of an organization. The audit planning memo of Arthur Anderson dated February 6, 2001 revealed that the audit team assigned to Enron identified some serious red flags for possible fraud about […]

This article on 20 reasons why most Fintech Start-ups fail has been published in my discontinued blog. In as much as financial Technology (fintech) companies have in recent time shown signs of revolutionalizing the way we handle our daily finances does not remove the fact that majority fintech start-ups fail. There are a number of […]

If you are struggling to write a Risk Register, this article on how to write a risk register like a pro is all that you need.

Common questions on the lips of business owners in time of financial crisis are; why should I still keep my internal auditors? What are the importance of internal audit department? Is our internal audit department not an unnecessary overhead for our businesses? Internal audit is arguably one of the most important aspects of accountancy yet […]

Setting smart KPIs (Key Performance Indicators) for internal audit department is one of the most challenging tasks I have recently faced as an Internal Audit professional. Internal audit department are quick to find weaknesses in business processes, make recommendations for improvement, yet, the profession seem to be struggling to come up with generally acceptable KPIs […]

I want to wrap up year 2020 with this article on the importance of thinking ahead and acting as if the world is about to end the next day (you may want to read this piece if you have not read it already – Stay focused, anticipate change). One mistake that I am seeing companies […]

I wrote a piece in 2011 while still studying for my Master’s Degree in Accountancy from The University of Glasgow with the title ‘Who is a Manager?’ The article went viral then but am not sure it reached all its intended audience. How did I know that? Simple, I still find people with all sorts […]

There is no gain saying that professions and organizations cannot survive todays challenges by simply doing what it has been doing in the past years, decades or even centuries. The world has moved on and to survive, organizations and individuals will have to move on too. In as much as the importance of accounting to […]