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 broke it down so that you won’t get bored reading it.
Investing activity is one of the three functions of [...]
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 professionals to carry out business analysis. But, armed with the information in this article, you too [...]
Career opportunities in accounting/ 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 bankruptcy and business failures continually make the head line these days. Business community and industry leaders at [...]
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 opportunities and another thing is to source for finance that will help the project sees the light [...]
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 STATEMENT
To start with, I will first of all explain what a mission is and [...]
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 objectives. A strategy is simply a company’s game plan. Take a football team for example, their goal as a team is to [...]
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 crimes are committed and perpetrated by insiders. This then presupposes that economic [...]
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 meet the requirement of information for it to be termed so. Some of the features of anything that must [...]
Business risks are those factors (both controllable and uncontrollable) with the potential of having an outcome that can affect business operations and ultimately affect profitability. Handling business risks of pandemic is a business continuity plan that most company and their executives didn’t take serious in the past. But the reoccurrence of these pandemic are beginning [...]
IMPORTANCE OF ACCOUNTING/ ACCOUNTANCY
Accounting/ accountancy is no doubt the universal language of business and figure. Those that fluently speak the language are called accountants. The importance of accounting and accountancy cannot be over-emphasized.
Imagine what this world would look like if all means of communication are removed from our daily activities. The world would be full [...]