Archives for June 2013

MANAGEMENT ACCOUNTING TOOLS AND BUSINESS INTELLIGENCE

Management accounting tools and business intelligence over the years have grown to become the hallmark of high flying businesses. It is no longer news that critical business success factor is largely based on a company’s ability to analyse big data on a real time basis. You simply cannot succeed in this globalised hostile business environment […]

BIG DATA: IMPLICATIONS AND IMPORTANCE

You cannot talk about business intelligence and strategy today without making reference to big data. The improved computing power at the disposal of individuals has given rise to a whole lot of new opportunities and threats in the business community. Smart organizations cannot do without tapping into the enormous opportunity WHAT IS BIG DATA? Big […]

WHY DO WE STILL HAVE CORPORATE FRAUD?

For many years, fraud examiners and fraud fighters have deployed substantial resources waging the war against fraud and yet not much has been achieved. Accounting fraud and corporate fraud still make headlines almost on a daily basis. The conventional knowledge is that fraud only occurs when the three variables in what fraud experts called the […]

FORENSIC ACCOUNTANT SKILLS

As business environment continually change alongside every other thing. The presence of fraud triangle also increases thereby giving room for many more accounting frauds. This development gave rise to the demand of individuals with forensic accounting skills. Just like in every other profession where you are required to have a set of baseline skills in […]

BIG DATA AND STRATEGIC DIRECTION OF ORGANIZATIONS

In today’s analytical business environment, the strategic direction of an organization largely depends on how it views this concept of bid data that is now on the lips of every business leaders. Traditionally, business analysts make use of fairly standard analytical tool to make meaningful business and data analysis. With the recent increase in the […]

SMALL BUSINESS BUDGET: PROBLEMS | DRAWBACKS AND IMPORTANCE OF SMALL BUSINESS BUDGETING?

Small business budgeting is often marred by some fundamental problems and drawbacks that stems from the fact that most people who are responsible for preparing budget do it without really appreciating what they do. Anyone can manipulate accounting software with the capability of forecasting and come up with some figures. Nowadays, managers at all levels […]

DUTIES, ROLES AND RESPONSIBILITIES OF AN ACCOUNTANT IN A MODERN SOCIETY

The duties, roles and responsibility of accountants in modern society are becoming more pronounced and pervasive as the day passes on. Accountants continually position themselves in strategically advantaged position that enables them contribute enormously to the development and growth of our modern economy and society. Accounting in the medieval days revolves only around recording of […]

HOW TO ASSESS SOFTWARE FOR USE IN YOUR SMALL BUSINESS ACCOUNTING

It is no longer news that we live in a world that is practically controlled by technology. Business and accounting information are no longer kept in their manual form. Selecting the best accounting software is critical to running a modern profitable business. The tips covered in this article will apply to both a standalone accounting […]

USERS OF FORENSIC ACCOUNTING INFORMATION

Forensic accounting information is the output of the investigative arm of accounting aimed at producing information that helps to resolve complaint, statement of claim, rumour, and inquiry or to reduce the financial element of legal debate. This is to say that forensic accountants are called in when an event has taken place and there is a […]

CRITICAL SUCCESS FACTORS | MEANING AND PROCESS

WHAT IS CRITICAL SUCCESS FACTOR (CSF)? Have you ever wondered why customers prefer to do business a company rather than the other? Well, the simple reason behind customers choosing a business over the other is the fact that they perceive value in what the business does over the other. Those things that customers perceive to […]

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