Accountants

unbalanced accounting

Generally there is no one set of information that suits every business although accountants will tell you the importance of reconciling balance sheets to the Profit and loss account- this is called the inventory method of accounting. Businesses that don’t do this on a regular basis tend to have some nasty shocks at the annual… Read more »

Business as Usual

Business as Usual (BAU) Accounting If we see the trend with accountancy and the use of AI, the terms ‘Accountant,’ Book keeper’ or ‘bean counter’ are becoming extinct as AI takes on the drudge work and ERP systems turn every operator into ‘Administrator’ There are some unintended consequences to this. Firstly, operational personnel are now… Read more »

Autocrats and and datacrats

As we head deeper into the fourth Industrial revolution, those people who design, programme and implement the hardware .software and liveware dictate the speed and direction of progress. Reward structures are more lucrative for programmers and coders than many other traditional occupations and reinforce their worth to their specific employer and society at large. What… Read more »

Profit, Time and Style

There are lots of research papers that prove the theory that leadership style, employee morale and collaborative relationships improve productivity. So why are we still looking at behaviour of leaders who ‘micro manage’ , lead by fear and are focus on short term results. The answer lies in those last three words and accounts for… Read more »

Dodo Accounting

With the event of the fourth industrial revolution and the general unease about job losses and the disappearance of traditional roles, this piece is about how we can change our thinking about accountancy to be more relevant than ever, It is already happening in business as we no longer see roles advertised for Accountants but… Read more »

Rhetoric , Role and Results (Alliteration)

Story- telling, mythologizing and rhetoric should be part of an accountant’s tool kit and such can transform a good accountant into a great communicator Since Ancient Greece we have marvelled at the oratory of great speakers and their ability to present coherent points of view supported by their delivery, command of language and expression. Fast… Read more »

Why more is actually less- the new Finance function and financial literacy

There have been great strides in accountancy and technology over the last 30 years. In the early days we had basic accounts packages which could cope with double entry bookkeeping and the odd purchase order system, stock control module and fixed asset registers. Then along came ERP systems which took business processes to a greater… Read more »

Cryptocurrencies and value

Crypto currencies like bitcoins are gaining traction, but how these innovations in fin tech disturb the existing elitism and the desire to maintain the regulatory status quo regionally and internationally through the current structures of the law and compliance. Are the new crypto currencies merely a repetition of the old barter economy and we are… Read more »

Zen and Zenith

There is lot of talk at the moment about mindfulness and meditation, taking time out of our everyday lives to reflect and consider the consequences of our actions and the interplay with society. Mere knowledge is not enough, appreciation of the outcomes and the way that outputs have been achieved appears to be behind this… Read more »

New Finance, New You

CEOs have a tough job and their relationship with Their Finance chief (whatever the title) is a crucial part of what makes the business tick. There are instances where the finance function may not be as effective as possible due to either a breakdown in this relationship or a change in behaviour of one or… Read more »