Archives for March 2012

MAJOR CAUSES OF BANKRUPTCY | CORPORATE AND PERSONAL

Causes of bankruptcy should get the required attention at this time of our modern economic cycle. Finding out what the major causes of both personal and corporate bankruptcy is the first step in the right direction that should be taken in order to effectively curb the viral effects of bankruptcy and financial crisis that is […]

GOLDEN RULES OF BUSINESS ETHICS

The golden rules of business ethics are the pillars that hold the success of every vibrant and successful business. You cannot make any reasonable headway in business if you do not appreciate the importance of business ethics. In fact, business ethics is the tonic that adds flavour to the overall corporate image of modern businesses. […]

WHAT IS CLOUD ACCOUNTING? IMPORTANCE OF CLOUD ACCOUNTING AND HOW TO SELECT FINANCIAL SAAS VENDOR

The importance of cloud accounting cannot be discussed without first of all briefly discussing what cloud accounting is. Cloud accounting is one of the numerous business models of the saas (software-as-a-service) vendors. The idea is to move all the hassles of in-house accounting functions to a third party that specialises in delivering such services. The […]

WHAT IS RISK MANAGEMENT ACCOUNTING? IS IT SAME AS ACCOUNTING FOR FINANCIAL INSTRUMENTS?

Risk management accounting is one of the most debated and controversial topic amongst recent accounting thinkers. This is so because of the increased use of derivatives to manage complex financial transactions. The accounting profession was thrown apart for many years before its starts catching up with the activities of financial engineers. Financial engineers are those […]

IMPORTANCE OF A BUSINESS PLAN | WHY PLANNING YOUR BUSINESS EXPLOIT IS IMPORTANT

Importance of a business plan cannot be overemphasised. During my years of consulting for small and medium businesses, I realise that over 47% of my clients find it very difficult to grasp the significance and importance of business plan. They see it as one of the formalities that are needed to get loans from the […]

WHAT IS CASH MANAGEMENT? MEANING AND DEFINITION| HOW TO SAFELY MANAGE YOUR MONEY IN BUSINESS

Cash and finances are the living cells in businesses. A living thing becomes dead immediately the living tissues stop working. This is applicable to our businesses. Without proper cash management, the entire business model will ultimately come to a grind. This is why managers of all forward thinking businesses should have answer to the question: […]

IMPORTANCE OF ACCOUNTING IN FOOTBALL AND OTHER SPORTS

This article on the importance of accounting in football and other sports is one of the articles on the importance of accounting series like; importance of accounting in schools and importance of accounting in churches. ┬áThis is not a traditional debate of what method of accounting is best to show the true financial position of […]

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