I have received several emails from both experienced and newbie accountants asking me to provide guidance on how to start an accounting blog. I haven’t heeded to their requests for long for many reasons – including reducing the competition that I … [Continue reading]
16 Most Effective Stress Management Tips for Accountants and Auditors
This article is about effective stress management tips and techniques for accountants and internal auditors. These 16 most effective stress management tips for accountants and internal auditors that are discussed in this accounting blog post is not … [Continue reading]
Integrating People, Process and Technology for Competitive Advantage
People, Process and Technology still remains the success triad of modern-day business enterprise. Defect in any of the triad can lead to collateral damage in the overall outlook of the entity. A company that aspires to embark on meaning digital … [Continue reading]
Workforce trend of now and beyond |impacts of work life balance and hybrid work
Many valuable lessons were learned in 2020 when the whole world was taken unaware by COVID 19 pandemic. Too many condoned inadequacies were exposed and these ultimately led to the collapse of many companies. The pandemic also boosted the relevant … [Continue reading]
How to grow your business using Zig Ziglar’s golden rule philosophy
Zig Ziglar of blessed memory was and is still my best go to author when it comes to practical teaching for real life natural science of living a complete, fulfilled, end-to-end desired lifestyle. His teachings through his numerous seminars, books and … [Continue reading]
What are Assets and Liabilities in Accounting | accounting basic for non-accountant business owners
As a small business owner, there are times when you need to take certain decisions without massive inputs from your small business accountants. I have curated all my accounting 101 articles just to provide concise yet, comprehensive information for … [Continue reading]
Non-financial information | an often over looked solution to most business problems
All of a sudden, everyone is now scrambling to gain full understanding of what non financial information really is; all thanks to the various legislations in response to the European Union (EU) Directive 2014/95/UE that aimed at making businesses … [Continue reading]
Dealing with late paying customers | A few considerations on how you can deal with late-paying customers
Late payments can hamper cash flow. One of the most important aspects of running a business is having a steady flow of cash. Recall that last week, we provided tips on how to implement internal control around receivables. This article is focused … [Continue reading]
What is Digital Transformation? | Master how to make DX work for your business.
Almost everyone is talking about digital transformation (DX) but in reality, not everyone acts digital transformation. The level of sophistication and fluidity that a company can attain in today’s digital transformation enabling environment is only … [Continue reading]
Great Resignation | Discover tips on how to help retain your best staff in this great resignation era
Great resignation is a real business problem and the sooner organizations realize this the better for them. A great leveler in the form of technology has come to the rescue of employees. The options of remote and hybrid job even compound and skewed … [Continue reading]
Internal Control Tips for Managing Accounts Receivable
Accounts receivables are created as a result of businesses pathing ways with their goods and services with promise from their customers that they will pay up within agreed time. These figures can easily get out of hand if not managed properly. In … [Continue reading]
Beyond Accounting | business leaders are looking for business partners in their accountants
I recently attended an interview for the position of accounting business partner (I got an offer from the company but didn’t accept as we were not able to agree on remuneration – more on that in another post) where the hiring MD asked me to tell him … [Continue reading]
Delayed gratification is the master key to success | keep investing in secret to reap in the open later
‘All the money you see me spend today, I worked for yesterday, investment is still very important but when done intentionally’ Chinweike Okwuduche 2022. There is never such thing as an overnight success as many wrongly believe. What we have is the … [Continue reading]
What is Profit First? | do accountants really need certification to implement profit first?
I was surprisingly surprised when I noticed that there is a certification body for accountants that specializes in implementing profit first philosophy. I didn’t make any attempt to understand what the whole certification process (so I might be … [Continue reading]
Twelve (12) ways of Dealing with difficult business partners
All individuals cannot always agree on all matters at all times – in fact, disagreement is a veritable ingredient that refines our interactions and improves our ingenuity, shrewdness and productivity which in turn leads to success. Dealing with … [Continue reading]
Tips on how to revive a dying business using the five pillars of economic recovery model
Business environment continues to increasingly grow tougher as the day passes with increasing number of business going burst every day. This rather ugly trend would not give way anytime soon. But there are tips on how to revive a dying … [Continue reading]
What is Accounts Receivable? Meaning and Accounting Treatment of Receivables
The nature of business and the level of development in the market that is partly catalyzed by the advent of financial engineering means that selling goods without collecting money has become normal way of doing business. A lot of buy now and pay … [Continue reading]
Who is an infotech accountant? A new breed of Technology Accountants
Information technology also known as infotech has become parts and parcels of our daily lives whether we like it or not. The amount of traction that infotech gas gained over the last two decades has made the discipline an overdue candidate for … [Continue reading]
What is Borderless Thinking? | Borderless Thinking as New Frontier of Normalcy in Business Management
I am still baffled whenever I see businesses still think very narrowly in this day and age where possibilities are boundless. No human being or business can survive these days by thinking narrowly. Borderless thinking has been instrumental in … [Continue reading]
What is delegation of duty? Advantages and disadvantages of delegation of duties
There is no way in life that anybody can do all that needs to be done in his or her life. So why even attempt to do it all when you can easily delegate all your mundane management functions and focus on the things that really matters in life? The … [Continue reading]
What is Accounting Equation? A Very Simple Explanation of Accounting Equation
The first thing that anyone who is new to accounting should learn is the accounting equation. In this article in our accounting 101 series, I will be providing a very concise answer to the question ‘what is accounting equation?’ in such a way that … [Continue reading]
