Investment appraisal is a scientific process of evaluating the financial and non-financial factors to determine the economic viability of an investment opportunity. Another name for investment appraisal is capital budgeting. Companies create value for the owners of a company by investing in projects that have positive NPV (net present value). The reason behind this is […]
INVESTMENT OPPORTUNITIES IN THE FACE OF ECONOMIC MELTDOWN
Investment opportunity is what everyone is actively looking for now that the global economy is still struggling to come out of financial crisis. The only investments that one can put his money into under the face of economic crisis are investments that serve areas that people can hardly do without. In this article are some […]
ROLE OF ACCOUNTANTS AS INDEPENDENT ADVISORS
The role of accountants as independent advisors needs to be clearly stated to avoid conflict of roles that characterize business world today. This clarification is necessary as the traditional roles of accountants expand on an exponential manner. The traditional role of accountants is principally the; collection, collation, preparation, analysis, interpretation and communication of accounting information […]
INDEPENDENT ADVISORS; WHY DO WE NEED THEM?
Independent advisors are specialists and experts that devote their time and energy into telling their clients what to do at any particular point in time. Independent advisors are found in every facet of life ranging from medicine to art works. This article is primarily written to discuss the role of independent business advisor. Independent business […]
WORKPLACE BULLYING; A NEW LOOPHOLE FOR OCCUPATIONAL FRAUD
Workplace bullying and adult bullying is fast becoming a major part of business community and the community at large. People seem to be deriving joy in bullying those below them in their offices. Subordinates out of fear of being bullied fail to blow whistle that would have helped uncover occupational fraud and other frauds that […]
ACCOUNTANTS AND ASSURANCE SERVICES; ASSURANCE SERVICES THAT CAN BE PERFORMED BY ACCOUNTANTS
Accountants as professionals are at the forefront in the industry of assurance service providers. Assurance service is all about lending credibility to information. This development is a direct response to the call from the general public to all accountants to wake up from their slumber and do what they are supposed to do in the […]
ACCOUNTING INFORMATION SYSTEM; WHAT IT IS AND WHAT IT IS NOT
Accounting information system (AIS) is one aspect of accounting that has been greatly misunderstood and misinterpreted. I am writing this article because of the experience I had in one of the seminars I attended recently. I won’t mention the name of the organizers of the seminar so that they won’t feel hurt (egotistically). But, I […]
EXPLORE OPPORTUNITIES IN CONSULTING THROUGH YOUR ACCOUNTING SKILLS
Consulting is all about using your expertise to sovle a genuine problem of another person who does not have that knowledge that you have under your belt. Accounting skills is one of such technical knowledge that can be used to make a living out of consulting. Accountants can be fitted in many facets of business […]
UNDERSTANDING THE OPERATING ACTIVITIES OF A BUSINESS, THE BASIS OF FINANCIAL STATEMENT ANALYSIS
Operating activities is the basis of every business and understanding operating activities of any business makes us understand how a business makes her income. The income statement is prepared based on accrual principle to report net income for a period along with the components: revenues, expenses, gains, and losses. This then means that we will […]
ANALYZING INVESTMENT ACTIVITIES, AN IMPORTANT ASPECT OF FINANCIAL ANALYSIS/ FINANCIAL STATEMENTS ANALYSIS
Analysis of investing activities is an aspect of financial statement analysis that is very important in the successful implementation of business analysis. This is a continuation of the financial analysis / financial statement analysis article. I broke it down so that you won’t get bored reading it. Investing activity is one of the three functions […]
FINANCIAL ANALYSIS AND FINANCIAL STATEMENT ANALYSIS, LEARN TO DO IT JUST LIKE YOUR ACCOUNTANT
Financial analysis or financial statement analysis is that aspect of business analysis that is carried out with the intention of getting financial insight of a business by an analyst. It is the traditional function of accountants and other finance professionals to carry out business analysis. But, armed with the information in this article, you too […]
EMERGING CAREER OPPORTUNITIES IN ACCOUNTING/ ACCOUNTANCY
Career opportunities in accounting or accountancy continues to expand and gain more grounds in the job markets as the effects of increasing fraud and financial systems meltdown continues to bite hard on both individuals and corporate bodies. Cases of bankruptcy and business failures continually make the head line these days. Business community and industry leaders […]
FINANCING DECISIONS IN THE FACE OF ECONOMIC GLOBAL CRISIS
Financing decision is the second most important decision that companies and their financial managers make. Financing decision is concerned with the study of the financing mix or capital structure of a company. One thing is to find investment opportunities and another thing is to source for finance that will help the project sees the light […]
Investment appraisal terms, meanings/definitions for non-financial managers
Investment appraisal is one area of the study of finance that has a lot of misunderstood terms. Here are 22 of those terms and there meaning in common language that can be understood by everyone. The terms to be explained are listed below followed by brief explanation of the term IRR; IRR stands for Internal […]
Users Of Accounting Information System
Accounting can be said to be a process that collects, collate, record, analyse, interpret and communicate financial information to end users in the form/ format that they will understand. Accountancy is the only language that businesses all over the world understand. And for you to be a better business person, you have to know how […]
How long will it take to pay off your credit card debt?
While surfing the net, i stumbled upon this article on credit card calculator written by Robin Williams. Happy reading! There is this psychological benefits of knowing when to be free from any kind of debt. If you have piled up a huge amount of credit card debt and want to know how long it would […]
Business investment opportunities- how cash shortage can restrict it
Any business that neglects taking advantage of investment opportunities will soon find its way to bankruptcy. As important as this may be, many businesses, especially small family businesses fail to make optimum investment as a result of shortage of cash. The situation of cash shortage that leads to the rejection of financially sound investments is […]
INVESTMENT; A SURE WAY TO ERADICATE POVERTY
This article is all about investment and its potential of breaking poverty in your linage forever. There are families that have been living in a vicious cycle of poverty. This class of people has resorted to blaming fate for their misfortune. They have this believe that nothing can make them come out of this dead […]
How to study for Professional Accounting exams and still be healthy
Studying for professional accountancy exams can be daunting and surely needs some special technique to master. But, firstly, I would like to congratulate you for taking the bold step of registering for an Accounting professional exam. Accountancy is undoubtedly one of the most respected professions in the world. – Although a kind of difficult to […]
Motivation for writing and passing your ACCA and CIMA Exams
Motivation to sit and pass ACCA exams is something that is not in abundance, else, everyone would be ACCA qualified. It takes real work and dedication for one to successfully write and pass challenging and though ACCA exams. In this article, I have attempted to give tips on how I manage to find motivation to […]
Without Humor, Life Sucks – Learn to Be Humorous
Without humor life indeed sucks. I have found out that laughing at myself is the best medication I ever need against some medical conditions that the doctors called ‘terminal illness’. Sicknesses, Stress, pains, poverty, sufferings, hatred, wickedness etc all sucks a great deal of life out of us. But none of these is to be […]