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]
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 … [Continue reading]
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 … [Continue reading]
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 … [Continue reading]
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 … [Continue reading]
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 … [Continue reading]
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 … [Continue reading]
MISSION STATEMENTS AND VISION STATEMENT EXPLAINED
Mission statement and vision statements are two phrases that can either stand on their own or be combined as a single document usually called a statement of philosophy. For the purpose of this post, I will explain the two phrases differently. MISSION … [Continue reading]
STRATEGIC PLANNING AND STRATEGIC MANAGEMENT
Strategic planning and strategic management are those set of decisions and actions that result into the formulation, selection and implementation of organization’s long-term objectives. That is, the setting of strategies for achieving organization’s … [Continue reading]
ROLE OF ACCOUNTANTS ON THE FIGHT AGAINST ECONOMIC CRIME AND FRAUD
Economic crime and fraud continually make headline news. People tend to be resorting to economic crime and fraud in order to cushion the effects of the economic global crisis. A lot of managers have lost hope as most of these frauds and economic … [Continue reading]
ACCOUNTING AS A COMMUNICATION TOOL
Accountants no doubt are the most qualified communicators in the business world. Accountants are trained to be communicators specializing in communicating financial information in a language that is understood by all and sundry. The information must … [Continue reading]
