What is internal auditing?Internal auditing is a systematic and independent examination of an organization's financial and operational processes, controls, and activities. The primary purpose of internal auditing is to provide assurance to the … [Continue reading]
Risk-Based Thinking, Systems Thinking and Design Thinking | Which is Better
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 … [Continue reading]
Accountant’s Roles in Systems Migration and Systems Integration
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 … [Continue reading]
What is the Accounting Treatment of Accounts Payables?
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 … [Continue reading]
Tips and Strategies to Legally use AI in Marketing
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 … [Continue reading]
Accountants and ESG | Roles of The Accounting Profession in ESG
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, … [Continue reading]
Virtual Office Security: Is Your Business Ready for Remote Work and Cybersecurity?
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 … [Continue reading]
What is payroll accounting? | How to Properly Account for Payroll in Nigeria
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 … [Continue reading]
Complete Payroll Administration Guide for New Payroll Administrators of Multinationals
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 … [Continue reading]
One Size Does Not Fit All | Decision Making
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 … [Continue reading]
Compare Auditing Through the Computer and Auditing Around the Computer
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 … [Continue reading]
Challenges Faced by Entrepreneurs When Sourcing Finance for Expansion
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 … [Continue reading]
24 Side Hustles for Accountants: Discover how to Turn Financial Expertise into Extra Income
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 … [Continue reading]
Guide to Automating Routine Accounting Tasks in a Compliant Way
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 … [Continue reading]
Comprehensive Guide to Navigating Cryptocurrency Taxation for Small Business Owners
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 … [Continue reading]
Postmortem: an accountant’s tale of what almost led to a massive financial embarrassment
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 … [Continue reading]
What are the differences between management accounting and financial accounting?
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 … [Continue reading]
The Future of Finance and Beyond
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 … [Continue reading]
How to Start an Internal Control Department for the First Time
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 … [Continue reading]
Movement of the Masses | Most Important Political Factor of Production in Nigeria’s 2023 Election?
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 … [Continue reading]
Information Security Management Strategies for non Tech Managers | InfoSec Strategies
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 … [Continue reading]
