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 [...] Continue Reading…
Net present value (NPV) of investment appraisal and Internal Rate of Return (IRR) of capital budgeting are the two methods of using the discounted cash flow (DCF) to evaluate [...] Continue Reading…
An investment accountant is a finance professional who specializes in; identifying, collecting, collating, analyzing, interpreting, and communicating financial information as it solely relates to investment.
For one to be investment [...] Continue Reading…
The importance of accounting in schools cannot be over emphasized. Schools are the main hub of every modern economy and would be pulled down to nut if the importance [...] Continue Reading…
Business ethic is that aspect of corporate governance that has to do with the moral values of managers encouraging them to be transparent in business dealings. Business ethics takes [...] Continue Reading…
Accounting information system (AIS) is that subsystem of overall management information system that provides information to an organization in the right format, size, time frame, and within a budget. [...] Continue Reading…
Having an accounting qualification is not enough for you to be called a qualified accountant / certified accountant- even when you are called, you are not one!
Someone with B.Sc [...] Continue Reading…
Military training prepares individuals to perfectly fit into any other career that they decide to finally switch into. To be a good accountant, I have come to discover that [...] Continue Reading…
Managerial accounting is an accounting system prepared by management accountants with the sole aim of assisting the management of a company make an informed internal economic decision.
Management accounting as [...] Continue Reading…
Green funds are collection of public funds by fund managers with promise of investing in green projects. Some green fund will promise not to invest in tobacco while green [...] Continue Reading…
The importance of accounting in the church is a controversial issue that is giving a lot of clergymen and women concern in our modern world. This is particularly important [...] Continue Reading…
AIS are an acronym used to represent that aspect of MIS (management information system) that deals with accounting informational flows. AIS stand for accounting information system. The main classes [...] Continue Reading…
Relevant cash flows of capital budgeting and investment appraisal are one area that confuses people a lot. This confusion is common amongst students that are taking financial management as [...] Continue Reading…
What is investment was on the lips of many some years back but, the question has dramatically changed to what is a good investment now that the global economic [...] Continue Reading…
Investment appraisal is a scientific process of evaluating the financial and non-financial factors to determine the economic viability of an investment opportunity. Another name for investment appraisal is capital [...] Continue Reading…
Capital budgeting is a scientific process of identifying, analyzing, selecting and implementing investment projects with returns that are expected to span over more than one year. Capital budgeting is [...] Continue Reading…
Accountants have many roles like; accountants role in economic development, roles of accountants in fraud fighting, roles of accountants in the face of economic meltdown. The role of accountants [...] Continue Reading…
Accountants are experts in business communication and as such have significant role to play in business. The roles of accountants in small business are what I will be discussing [...] Continue Reading…
Statement of cash flow or cash flow statement/ fund flow statement as it was formerly called is a component of the financial statements that explains how a company manages [...] Continue Reading…
Investment opportunity is what everyone is actively looking for now that the global economy is still struggling to come out of financial crisis. The only investments that one can [...] Continue Reading…
The role of accountants as independent advisors needs to be clearly stated to avoid conflict of roles that characterize business world today. This clarification is necessary as the traditional [...] Continue Reading…
Independent advisors are specialists and experts that devote their time and energy into telling their clients what to do at any particular point in time. Independent advisors are found [...] Continue Reading…
What is investment; is one question that anyone considering putting aside some money for future growth need to consider. Investment is one term that has been greatly misunderstood and [...] Continue Reading…
Workplace bullying and adult bullying is fast becoming a major part of business community and the community at large. People seem to be deriving joy in bullying those below [...] Continue Reading…
Accountants have many roles to play in the development of every economy. The growth and development of every economy hinges on how resources are judiciously managed and multiplied. Accounting [...] Continue Reading…
I use the phrase ‘Google age’ to represent the age of information superhighways because that is the age we are living in now. Eras where changes occurs too fast [...] Continue Reading…
Accountants as professionals are at the forefront in the industry of assurance service providers. Assurance service is all about lending credibility to information. This development is a direct response [...] Continue Reading…
Accounting information system (AIS) is one aspect of accounting that has been greatly misunderstood and misinterpreted. I am writing this article because of the experience I had in one [...] Continue Reading…
Consulting is all about using your expertise to sovle a genuine problem of another person who does not have that knowledge that you have under your belt. Accounting skills [...] Continue Reading…
Operating activities is the basis of every business and understanding operating activities of any business makes us understand how a business makes her income. The income statement is prepared [...] Continue Reading…
Analysis of investing activities is an aspect of financial statement analysis that is very important in the successful implementation of business analysis. This is a continuation of the financial [...] Continue Reading…
Financial analysis or financial statement analysis is that aspect of business analysis that is carried out with the intention of getting financial insight of a business by an analyst. [...] Continue Reading…
Career opportunities in accounting/ accountancy continues to expand and gain more grounds in the job markets as the effects of increasing fraud and financial systems meltdown continues to bite [...] Continue Reading…
Financing decision is the second most important decision that companies and their financial managers make. Financing decision is concerned with the study of the financing mix or capital structure [...] Continue Reading…
Mission statement and vision statements are two phrases that can either stand on their own or be combined as a single document usually called a statement of philosophy. For [...] Continue Reading…
Strategic planning and strategic management are those set of decisions and actions that result into the formulation, selection and implementation of organization’s long-term objectives. That is, the setting of [...] Continue Reading…
Economic crime and fraud continually make headline news. People tend to be resorting to economic crime and fraud in order to cushion the effects of the economic global crisis. [...] Continue Reading…
Accountants no doubt are the most qualified communicators in the business world. Accountants are trained to be communicators specializing in communicating financial information in a language that is understood [...] Continue Reading…
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. Handling business risks of [...] Continue Reading…
IMPORTANCE OF ACCOUNTING/ ACCOUNTANCY
Accounting/ accountancy is no doubt the universal language of business and figure. Those that fluently speak the language are called accountants. The importance of accounting and [...] Continue Reading…
Help reduce bankruptcy and business failure?
Consistently add more value to the business community?
Reduce fraud and irregularities
Become better consultants and business advisors
Meet the new business needs
Restore credibility and public confidence [...] Continue Reading…
An investment accountant is that finance specialist that is saddled with the responsibility of keeping track of the investments of an individual or an entity. They ensure that funds [...] Continue Reading…
Investment appraisal is one area of the study of finance that has a lot of misunderstood terms. Here are 22 of those terms and there meaning in common language [...] Continue Reading…
Accounting can be said to be a process that collects, collate, record, analyse, interpret and communicate financial information to end users in the form/ format that they will understand.
Accountancy [...] Continue Reading…
Accounting information system has redirected the direction of accounting profession.
Traditionally, accountants were seen as business and audit specialist whose only duty is to keep records of things that has [...] Continue Reading…
While surfing the net, i stumbled upon this article on credit card calculator written by Robin Williams. Happy reading!
If you have piled up a huge amount of credit card [...] Continue Reading…
Recall that an introduction to this article was given in the part one of this series. Hence, no further introduction would be made here. Our aim here is to [...] Continue Reading…
You will agree with me that finance is the life blood of every business; big or small. Debt and equity finance are two main categories of sources finance that [...] Continue Reading…
Business gearing and financial gearing are terms used to explain the volatility of a company and its activities. While the business gearing measures the risk that a company will [...] Continue Reading…
Sources of finance simply mean various reliable ways by which a business can raise money for the running of business activities without much friction.
Majority of businesses out there are [...] Continue Reading…
