IMPORTANCE OF FINANCIAL PLANNING Financial planning is an essential element of the whole process of financial management that one cannot do without if you really want to make a in your quest to achieving financial freedom. It is the foundation … [Continue reading]
INTERNET MARKETING AND ACCOUNTANTS | TIPS FOR SELLING YOUR ACCOUNTING SERVICES ONLINE
Internet marketing is one of the most powerful tools that all successful business people of our time employ. It does not matter what kind of business you are into, what matters is your ability to leverage on the enormous potential of the internet to … [Continue reading]
DEFINITION OF ACCOUNTING | MODERN BUSINESS PERSPECTIVE
Traditionally, accounting is defined as a process that collect, collate, analyse, interpret and communicate financial/ accounting information in a prescribed format that is easily understood by the intended users. In as much as this definition of … [Continue reading]
SCOPE OF FINANCIAL STATEMENT ANALYSIS |QUANTITATIVE AND QUALITATIVE ASPECTS
By scope of financial statement analysis, we simply mean those vital issues that must be dealt with while carrying out financial statement analysis exercise. Financial statement analysis is a subset of the whole body of business analysis. Financial … [Continue reading]
WHAT ARE FINANCIAL STATEMENTS USED FOR AND HOW?
The question of what financial statements are used for is an important one as it raises awareness as to the importance accounting as a whole. Many debates went on in the past and are in fact still going on now amongst academics and professional … [Continue reading]
PURPOSES | BENEFITS OF ACCOUNTING AND BOOKKEEPING TO BANKERS | INVESTORS | UNIONS AND MANAGEMENT
The purposes and benefits of accounting keeps widening as the importance of accounting broadens. I am writing this article in response to a question sent to me by one of my readers in a previous article referred to above. This post will be tailored … [Continue reading]
LEVERAGING ON GLOBAL STRATEGY THROUGH INTERNATIONAL POLITICAL ECONOMY
International political economy is the melting point of both politics and economics as it concerns the states at the global level. In common parlance, international political economy is the interaction between: productions, buying, selling, laws, … [Continue reading]
HOW ARE FINANCIAL STATEMENTS USED FOR VALUATION?
Financial statements have a vital role to play in the overall business valuation process. Two kinds of information at least are contained in the financial statement that every financial analyst must always strive to identify/ recognize and put them … [Continue reading]
BUSINESS VALUATION METHODS AND TECHNIQUES | MEANING| PROCESSES
Business valuation techniques and methods of valuing a business has in recent time receive lots of attention both from the field of academic and from practitioner with many empirical tests and evidences provided. Most of these empirical evidence … [Continue reading]
ACCOUNTANTS AND CUSTOMER CARE SERVICES |ROLES AND DUTIES
Customer care services is one skill that today’s accountant cannot do without as business operations continues to integrate. Gone are the days when only customers’ care advisors are seen as the only professionals that can make impact on the life of … [Continue reading]
CHURCH FRAUDS | CAUSES AND HOW TO DETER IT
Church frauds as weird and unpleasant as it may sound has become part of the system in most church across the world today. People now actively seek opportunities and loopholes in churches to steal money and commit other economic crimes. Some … [Continue reading]
SOCIAL RESPONSIBILITY SCREENS ON INVESTMENTS | THE CORPORATE GOVERNANCE PERSPECTIVE
Green investments also known as social responsibility investment and quality corporate governance over the time has shown to be a bedrock upon which business success is hinged – corporate bodies build their success by hybrid investment strategy that … [Continue reading]
FUNDAMENTAL ANALYSIS | THE KEY TO SUCCESSFUL STRATEGY ANALYSIS AND CALCULATION OF INTRINSIC VALUE OF AN INVESTMENT
Fundamental analysis is all about intelligent and informed forecast in an attempt to establish an intrinsic value that corrects for that vital information that is missing from the financial statement. Business valuation and financial analysis are … [Continue reading]
CAUSES OF SUBOPTIMAL PRACTICES AND LOST OF MOTIVATION IN MODERN COMPANIES
Suboptimal practices in companies are a situation whereby responsible managers fail to do the right thing just to take advantage of existing controls and procedures. Management and decision makers have to continually struggle with highly … [Continue reading]
DIRECT FOREIGN INVESTMENTS | WHAT YOU MUST KNOW ABOUT INTERNATIONAL MARKETPLACE AS AN ACCOUNTANT
Foreign investment decision is a tough and often complex investment decision that sharply differs from the traditional domestic decision on investing. The normal financial evaluation of discounted cash flows technique are not fully relied on in … [Continue reading]
TRANSFER PRICING | PURPOSES AND REASONS OF FIXING A PRICE WITHIN AN ORGANISATION
Transfer pricing is one single area of managerial accounting that has been generating heat and still generates more heat. The existence of interdependencies in divisional-ised companies creates a problem of determining at what price goods needs to be … [Continue reading]
BUSINESS ANALYSIS | TIPS ON BUSINESS ANALYSIS AND VALUATION FOR ACCOUNTANTS
What is Business Analysis? Business analysis is a methodological process of evaluating a company’s economic prospects and risk in the light of the entity’s strengths and weaknesses. It is an attempt to X-ray a business through the lens of a well … [Continue reading]
ASSET REGISTER | HOW TO PREPARE AN ASSET REGISTER OF A SMALL AND MEDIUM COMPANY / BUSINESS
A lot of people now use the phrase Fixed asset register without truly understanding what it is all about. So many things have been mistaken to be a fixed asset register. In this article, an attempt will be made to explain what an asset register is in … [Continue reading]
IMPLICATIONS OF USING EXPECTANCY INSTRUMENTAL VALENCE THEORY AS A REWARD SYSTEM FOR MIDDLE AND LOWER LEVEL MANAGERS
INTRODUCTION Middle level managers are the tactical managers acting as a link between the strategic and functional managers. Their roles in business processes and decision making cannot be overlooked; hence they need to be adequately motivated. … [Continue reading]
USES OF CONTRIBUTION ANALYSIS IN DECISION MAKING PROCESSES
The use of contribution analysis cannot be fully understood if the meaning of the term is not first explained. Hence, I would like to start with the definition of contribution analysis, and how it is calculated. Contribution analysis is defined … [Continue reading]
VARIANCE ANALYSIS: MEANING, ADVANTAGES AND DISADVANTAGES
Variance analysis is a technical jargon used to explain a situation where actual result or outcome of an event significantly and materially differs from planned, expected or targeted results or outcomes. Note the emphasis on the words significant … [Continue reading]
