The Chief Financial Officer (CFO) role has undergone significant changes in recent years, with a shift from a primarily financial…

The concept of virtual CFO, or virtual Chief Financial Officer, refers to the use of technology and remote work to…

Accounts receivables refers to the amount of money that a company is owed by its customers for goods or services…

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

Cost of goods sold (COGS) is a company's direct costs associated with the production of goods or services. It includes…

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

A bank reconciliation statement is a document that compares a company's bank account records and financial records. This is to…

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

Small and Medium Enterprises (SMEs) are the backbone of any country's economy. They approximately employ more than half the workforce and generate nearly 80% of a country's GDP. SMEs play a vital role in employing millions of people, but they face many challenges which can affect their growth. This article will cover some common challenges SMEs face and how professional accountants can help them overcome them.

When it comes to your business, financial statements are essential. They're the ultimate indicator of your company's health and reveal…

Financial statements are a vital tool for businesses and investors alike. They're used to illustrate the financial health and performance…

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

In order to understand and manage direct costs and indirect costs in real terms, accountants and small-scale enterprises (SMEs) need…

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

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