Transfer pricing is one single area of managerial accounting that has been generating heat and still generates more heat. The existence of interdependencies in divisional-ised companies creates a problem of determining at what price goods needs to be transferred within a business. Transfer pricing exist because of the existence of interdependent activities within a company. […]
DECISION MAKING PROCESS; WHAT EVERY ACCOUNTANT MUST KNOW ABOUT MAKING DECISION
Decision making process involves strategic planning and control activities. It is a universal fact that information produced by management accountants must be evaluated in the light of its final effect on the outcome of decision made based on it. And therefore presupposes that it is a necessary precedent for accountants to fully understand the decision […]
HANDLING BUSINESS RISKS OF PANDEMIC
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. (EDITED on 12/02/2021- A lot of businesses faced a sad reality in 2020 when Corona Virus pandemic took the whole world by surprise. Businesses that had no form of backup […]
Business success in today’s world – 8 key factors
The success of every business hinges on its strategies. Strategies are those courses of actions, including the specific objective and business ethics that an entity engage in in a bid to outperform its competitions. In this article, I have talked about 8 key factors that will almost guaranty success in today’s business world. For a […]
Staff motivation- TV approach
What you are about to read in this article is the summary of the technique I used to boost the sales of one of my clients by 72% within two months in August 2009. It is a simple yet powerful human ingenuity. Grin-grin was the cry of my phone on the 4th day of may […]