Military training prepares individuals to perfectly fit into any other career that they decide to finally switch into. To be a good accountant, I have come to discover that one must be in possession of those quality that military men posses. Those … [Continue reading]
MANAGERIAL ACCOUNTING – WHAT YOU MUST KNOW AS A MANAGEMENT ACCOUNTANT
Managerial accounting is an accounting system prepared by management accountants with the sole aim of assisting the management of a company make an informed internal economic decision. Management accounting as it is popularly known as is a branch … [Continue reading]
GREEN FUNDS- SOCIAL RESPONSIBLE INVESTMENT
Green funds are collection of public funds by fund managers with promise of investing in green projects. Some green fund will promise not to invest in tobacco while green funds will promise not to invest in non-renewable energy projects. A good … [Continue reading]
IMPORTANCE OF ACCOUNTING IN CHURCHES
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 … [Continue reading]
USERS OF AIS
AIS are an acronym used to represent that aspect of MIS (management information system) that deals with accounting informational flows. AIS stand for accounting information system. The main classes of people that use AIS (users of AIS) are the … [Continue reading]
RELEVANT CASH FLOWS OF CAPITAL BUDGETING
Relevant cash flows of capital budgeting and investment appraisal are one area that confuses people a lot. This confusion is common amongst students that are taking financial management as a course in their bid to become finance professionals. The … [Continue reading]
WHAT IS A GOOD INVESTMENT?
What is investment was on the lips of many people some years back during the dotcom era before the investment community was shaken to its root during the economic crisis. But, the question has dramatically changed to what is a good investment now … [Continue reading]
INVESTMENT APPRAISAL SHOULD ADD VALUE TO THE OVERALL FORTUNE OF A BUSINESS
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 … [Continue reading]
CAPITAL BUDGETING PROCESS; MEANING AND PROCESS
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 … [Continue reading]
ACCOUNTANT’S ROLES IN A MODERN AND VIBRANT BUSINESS
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 … [Continue reading]
ROLES OF ACCOUNTANTS AND AUDITORS IN SMALL BUSINESSES
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 … [Continue reading]
USES AND BENEFITS OF STATEMENT OF CASH FLOW
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 … [Continue reading]
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 … [Continue reading]
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 … [Continue reading]
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 … [Continue reading]
WHAT IS INVESTMENT?
What is investment? is one question that anyone considering putting aside some money for future growth needs to get concrete answer to. I have not only answered the question is this article but have also provided some basic guide to safeguarding your … [Continue reading]
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 … [Continue reading]
ROLE OF ACCOUNTANTS IN ECONOMIC DEVELOPMENT AND GROWTH
Accountants have many roles to play in the development of every economy. The growth and development of every economy hinges on how resources are judiciously managed and multiplied. Accounting is all about cost savings and this I am sure is the back … [Continue reading]
PROBLEMS ACCOUNTANTS FACE IN THE GOOGLE AGE
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 … [Continue reading]
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 … [Continue reading]
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 … [Continue reading]