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Latest Articles

Explaining the basics of business objectives

23 July, 2024

Introduction Business objectives are the goals which a company wants to achieve as desired outcomes...

Empowering SMEs for the Future: A Comprehensive Guide to Sustainable Business Practices

10 May, 2024

During the year 1987, the World Commission on Environment and Development (WCED) published a report “Our...

The Essential Guide to Understanding Your Business's Value Chain

08 May, 2024

Creating value for your customers and your business is no small feat. Understanding how you turn inputs...

Chart of Accounts - A Guide for Accounting Department

06 May, 2024

The chart of accounts (CoA) is a listing of all the financial accounts used in the general ledger of...

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Understanding Diversity and Inclusion in Businesses

03 May, 2024

Diversity and inclusion are two key aspects that every organization, especially SMEs and startups, should...

The Indispensable Role of Critical Thinking for Businesses Today

01 May, 2024

For startups and SMEs, the line between success and failure often comes down to the quality of decisions...

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Why Understanding Corporate Culture Is More Important Than Ever

29 April, 2024

When you join a new company, it’s not just the salary, job role, or benefits that matter. There’s...

How Predictive Analysis Can Drive Your Business Forward

13 March, 2024

Predictive analysis isn’t just industry jargon; it’s a practical toolkit that can help smaller...

The Art of Customer Retention for Businesses

11 March, 2024

Customer retention and loyalty is the lifeblood of any successful business. A stable customer base not...

The Core of Value Creation in Business

04 March, 2024

The concept of “value creation” is central to the success of any business, big or small....

Understanding the Deming Cycle in Healthcare: A Blueprint for Success and Continuous Improvement

27 October, 2023

The Deming Cycle, also recognized as the Shewhart Cycle or PDCA model, serves as a systematic approach...

Mastering Strategic Business Planning with the BCG Matrix

25 October, 2023

Healthcare providers in the USA can benefit significantly from understanding and applying the BCG Matrix,...

Finance

Capital Expenditure - All You Want to know about CAPEX

December 9, 2022

Capital expenditure (CAPEX) is money spent to acquire fixed assets. These assets can include land, buildings,...

Finance

Can Good Management Accounting Practices Make Your Business More Successful?

December 9, 2022

Getting a better understanding of what management accounting is, and identifying its stakeholders, can...

Finance

Types of Depreciation and Its Accounting Importance

December 22, 2022

Depreciation in accounting is a concept that allocates the total cost of the physical asset over its...

Business Management

Elements of Strategic Plan for good Decision-making in Small and Medium Business

December 23, 2022

A strategic plan for your Small or Medium Business (SME) is vital for many reasons. It allows you to...

Finance

Budgeting and Its Techniques - A Guide For SMEs

December 24, 2022

Whether you are an employee, a manager, or a CEO, you should be aware of budgeting techniques and how...

Finance

Direct And Indirect Costing: Accounting Essentials For SMEs

December 25, 2022

In order to understand and manage direct costs and indirect costs in real terms, accountants and small-scale...

Finance

Accounting Information System (AIS): How The AIS Benefits Accountants and SMEs

December 26, 2022

The Accounting Information System (AIS) is a system that stores financial data and automates financial...

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Finance

The Elements of Financial Statements - A Guide for SMEs

December 27, 2022

Financial statements are a vital tool for businesses and investors alike. They’re used to illustrate...

Finance

Types of Financial Statements and their benefits to SMEs

December 28, 2022

When it comes to your business, financial statements are essential. They’re the ultimate indicator...

Business Management

SMEs Challenges and Growth Strategy

December 29, 2022

Small and Medium Enterprises (SMEs) are the backbone of any country's economy. They approximately employ...

Finance

Growing Your SME: How Finance Function Can Expand Beyond Accounting

January 9, 2023

Small and medium-sized enterprises (SMEs) typically have a range of activities in finance function. These...

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Finance

Understanding the Importance of Bank Reconciliation Statement

January 11, 2023

A bank reconciliation statement is a document that compares a company’s bank account records and...

Finance

Cash Flow Projections - A Critical Tool

January 12, 2023

Cash flow projections are a critical tool for businesses of all sizes, as they help to anticipate and...

Finance

Cost of Goods Sold - Components and Significance

February 1, 2023

Cost of goods sold (COGS) is a company’s direct costs associated with the production of goods or...

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Finance

Revenue Recognition - An Important component of Financials

February 2, 2023

Revenue recognition refers to the process of recognizing revenues when a product or service is delivered....

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