What Is Accounts Receivables
February 4, 2023
Accounts receivables refers to the amount of money that a company is owed by its customers for goods or services…
Revenue Recognition – An Important component of Financials
February 3, 2023
Revenue recognition refers to the process of recognizing revenues when a product or service is delivered. It refers to the…
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 services. It includes…
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 manage the…
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 financial records. This is to…
Growing Your SME: How Finance Function Can Expand Beyond Accounting
January 10, 2023
Small and medium-sized enterprises (SMEs) typically have a range of activities in finance function. These activities manage their financial operations…
SMEs Challenges and Growth Strategy
December 29, 2022
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.
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 of your company's health and reveal…
The Elements of Financial Statements – A Guide for SMEs
December 28, 2022
Financial statements are a vital tool for businesses and investors alike. They're used to illustrate the financial health and performance…
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 transactions. The AIS can simplify…
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 enterprises (SMEs) need…
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 they…
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 plan…
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 estimated useful life.…
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 lead to some significant benefits for…