BUILDING A STRONGER CYBER SECURITY WORKFORCE

According to Randy Vickers, Today’s cybersecurity landscape is an ever-changing environment where the greatest vector of attack is our normal activities, e-mail, surfing, online gaming, etc. Cyber security never sleeps nor takes holidays. ACCA and PWC in a recent research found out that technology has four established pilar viz: Analytics, Cloud, Collaboration and RPA (Robotic […]

I AM NOW A QUALIFIED ACCOUNTANT – WHAT NEXT?

A newly qualified ACCA accountant came to me last weekend and said “I am now a qualified accountant, what next?” I told him I will get back to him shortly. But on second thought I said “put your-self in the driver’s seat of data driven economy”. To be relevant as a qualified accountant in this […]

Tips on Doing Business without Government Help during Recession

Research suggests that the people who survive disasters are the ones who locate the life jackets and fire exits, followed safety drills or paid attention to cabin crew pre-flight workouts. It is a sad reality that Nigeria has found itself in Stagflation (Stagnation in economic activities plus persistent increase in prices). This unfortunate situation has […]

Functions and Duties of Forensic Accountants

This article about the functions and duties of forensic accountants is in response to the question asked by one of the readers of Accountant-Next-Door after I wrote on how accounting cycle can help in forensic accounting. I have written two separate articles on the skills of a forensic accountant and how to become a forensic […]

Accounting Cycles- Preventing Fraud by Understanding Accounting Cycles

Introduction Forensic Accountants in their bid to successfully fight fraud often falls back to exploring accounting cycles in order to understand how fraud can be perpetrated. This is to say that for one to understand how fraudulent activity is carried out, one must understand the accounting cycles in and out. This knowledge is acquired both […]

Meaning and Uses of Branch Accounting

What is a Branch Accounting? A branch accounting is a system of accounting where branch transactional activities are kept separate from each other.   There are two methods of branch accounting. In the bid to prepare records that provides insight into the activities of the branches of a business organization, management have a choice of […]

Advantages and Disadvantages of Using Debt Factoring

Advantages and Disadvantages of Using Debt Factoring Advantages and disadvantages of using debt factoring must be considered before a decision is made on whether to use it or not. This is very important as doing this analysis will provide management with useful information for economic decision making. The advantages of using debt factoring must outweigh […]

Fundamentals of Trial Balance

This article on the fundamentals of trial balance is in response to the question asked by a Facebook fan of AccountantNextDoor on our page. ‘Tell me more about trial balance’ was the question.   What is a Trial Balance? A trial balance is a bookkeeping tool used by accountants to test the equality of Debt […]

How to Set Strategy for All Types of Business

Every other business decision will be seamless if one understands how to set strategy. A lot has been said about strategy in business and management arena that the term strategy has become so many things to so many people. A football analyst for example will say something about the strategy of a team.   Even […]

Tips on how to become a better Accounting and finance manager

The tips on how to become a better accounting and finance manager that you are about to read in this article are what has worked for me as an accounting and finance manager. Managing an accounting and finance department does not have to be stressful if the right approach is adopted. In fact, it should […]

Accounting Treatment of Borrowing Costs in Accordance with IAS 23

Accounting treatment of borrowing costs is the subject matter of IAS 23. IAS 16 which deals on property, plant and equipment (PPE) made provisions surrounding how tangible non-current assets (TNCAs) are treated.   It among other things states that borrowing costs MUST be included in the initial cost of an item of property plant and […]

What are Business Integration Models? | Examples of business integration models

Business integration refers to all the linkages that exist between various activities and processes of a company in such a way that value is added. In a nutshell, business integration models are those management accounting tools that enables business managers to link various activities and processes of an organization for maximum productivity.   A lot […]

Hybrid Accountants | How to Become a Hybrid Accountant

Hybrid accountants are finance professionals with top notch accounting knowledge and in depth commercial and operational awareness backed by the power of Information Technology.   Hybrid accountants are increasingly getting involved into more and more operations of an organization. Hybrid accountants are next generation accountants with perfect blend of arrays of both hard and soft […]

Strengths and Weaknesses of Different Budget Systems

Decision makers need to understand the strengths and weaknesses of different budget systems so as to ensure that optimal decision is being taken at all times. Organizations will not improve if budgets are set in the wrong way.   A major mistake that is made by management in the area of budgeting is that they […]

Dealing with What Gets Measured Gets Done Syndrome

What gets measure gets done is a popular phrase amongst performance management experts. Managements and staff will tend to concentrate on only those aspects of a business that they know are being measured and monitored. Examples of when this irresponsible act lead to dysfunctional behaviour by managers abounds in practice.   This issue of what gets […]

Small Business Application of ISO 9001:2005 8 Quality Management Principles

Small Business Application of ISO 9001:2005 8 Quality Management Principles ISO 9001:2005 amongst other things recommends that at the very minimum, quality management systems should include 8 quality management principles which we will be discussing today. The focus of our discussion of these 8 quality management principles will be on small businesses but can also […]

What is Blockchain? Is it Another Cloud Computing or Big Data Concept?

Anyone who has been following trends in technology and finance for a while now would be wondering if this blockchain would be yet another cloud computing or bigdata or even the internet of things.   Fintech engineers are yet at it again to confuse us a bit more or rather give us concepts to argue […]

Planning your PhD in Accounting and Finance

Planning your PhD in Accounting and Finance can be so frustrating if one does not follow a systematic approach from the very beginning. This article is in response to the question asked by one of our followers on Facebook page. Most of the tips in this article on planning your PhD in Accounting and Finance […]

How Small Businesses Can Prevent Workplace Accidents

Entrepreneurs must know how small businesses can prevent workplace accidents as a matter of fact. Employers of labour have the primary responsibility of making sure working environment is safe. One of the most important assets of a business is its workforce. Remove the workforce and the business will crumble. Workplace accidents will not only cost […]

Nightmare of Accountants and how to avoid them

Nightmare of Accountants and how to avoid them Nightmare of accountants can be anything ranging from family issues to simply not getting the accounts to balance. In today’s post, I will be sharing my personal experience on those things that gives me nightmare as an accountant. 6 common accountant’s nightmare and how to fix them […]

10 Factors Affecting Transfer Prices in Multinationals

Today we will be looking at 10 factors affecting transfer prices in multinationals. We all know that transfer pricing can be abused by mutational in their bid to evade taxes (or avoid taxes) thereby improving profit for their owners. But there is a legitimate strong case for the use of transfer pricing especially in the […]

Copy Guarded by IamShekhar's WP-CopyGuard.
%d bloggers like this: