Archives for January 2013

HOW TO GET ACCOUNTING JOB WITHOUT RELATED WORK EXPERIENCE

Getting accounting job as a fresh graduate accountant with no experience is one of the most difficult challenges that you must deal with as a university or other higher education study graduate. You will be competing with both graduates and people that are not graduates but with real hands on experience. The job market has become so […]

IMPORTANCE OF CHANGE MANAGEMENT IN SUSTAINING THE GROWTH OF A BUSINESS

It was a surprise to me when I was speaking to regional controller of one of the most respected food processing company in Glasgow, UK who still does not appreciate the importance of having an efficient change management process (CMP) in the company. Her reason was that food processing industry does not experience rapid change […]

COMPONENTS OF ACCOUNTING INFORMATION SYSTEM (AIS)

Accounting information system (AIS) as a sub system of the overall business systems has some components that make it what it is. I have seen some articles on the web where the following; computer, accounting software, scanners and printers are given as the only components of AIS. Are these groups of people right? Well, you […]

What is Corporate Governance?

Corporate governance in simple language is a phrase used to describe how businesses are directed, managed and controlled.  It is the collection of sets of best practices that help stir the affairs of a company.  Forces coming from the government and regulatory bodies help to shape the way corporate governance is viewed. Government and powerful […]

WHAT IS RATIO ANALYSIS? IMPORTANCE, USES AND SIGNIFICANCE OF RATIOS

Every trade has sets of tools that are used by professionals in that trade so as to deliver on their promises. Ratios are quantitative tools that finance professionals use to analyse sets of financial information. A financial planner or analyst for example uses ratio as part of its tools in carrying out some duties like; […]

INTEGRATING STRATEGIC RISK MANAGEMENT INTO THE FABRICS OF BUSINESS PROCESSES

Conventional enterprise risk management strategy has been well studied, researched and implemented as evidenced by the decent success that most enterprises now enjoy in handling risks that are not strategic in nature. In today’s business environment, no one cares anymore on a company’s ability to identify, classify, and mitigate operational and financial risks that businesses […]

FEATURES OF A GOOD, FUNCTIONAL AND OPERATIONAL BALANCED SCORECARD (BSC)

Features of good balanced scorecard are those rudimental ingredients that make it what it is- a BALANCED SCORECARD. In order for a balanced scorecard (BSC) to achieve its goal of translating a company’s strategy into objectives all the way down to a set of high quality measureable targets, it must have some features. These qualities […]

THE APPLICATION OF BALANCED SCORECARD (BSC) IN A CALL CENTER

Balanced scorecard can be applied to a call center just like every other business. Call centres is an example of a business that deals with providing services which makes it more difficult to measure performance. Traditional performance appraisal methods that focuses mostly on financial factors tends to encourage suboptimal activities by customer care representatives working […]

CHANGE MANAGEMENT AND LEADERSHIP

Successful change management process is deeply rooted in effective leadership. Lewin is among those that first pointed out the vital role of leadership in change management. Effective leaders understand the importance of placing enough cushions in the change management process so as to weaken the power of the forces that resists change. There are approaches […]

BALANCED SCORECARD | MEANING/ EXPLANATION, ADVANTAGES AND DISADVANTAGES OF BSC

History has taught many of us an all important lesson of not overly relying on financial measures and other performance measurement metrics that can easily be manipulated by managers and other stakeholders. Traditional performance measurement places too many importance on financially quantifiable variables in order to determine the success or failure of a business or […]

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