Accountants

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 »

Open Book, Ledger and Lender Accounting

Accountants  and Lenders of a certain age will recognize the term open book accounting, essentially it was a way of two parties having access to more than the usual information in a transaction. It was supposed to benefit both parties through smarter procurement and contract negotiations. Although it didn’t get widespread acceptance, especially in Public… Read more »

Accountants, Blockchains and Cryptocurrencies

The new kid on the block (chain) is the crypto currency. Bitcoin is but one example of these new digital virtual currencies which may at some future date be the future of how we do business. The issue for me is one of hurdles and acceptance before we dispense of ‘fiat money’ and whilst Blockchains… Read more »

AI new digital accounting experience.

We have had many blog posts about the attributes, personality and skills of a leader. Dealing with uncertainty and making businesses ‘safe’ against a backdrop of technological change is one such skill. In the modern lexicon VUCA has come to replace ‘Change management’ as a key acronym because this new definition of ‘change’ is rapidly… Read more »

Akratic Accounting

Akratic Accounting or Procrastination Introduction We have all been there, put off something until tomorrow and tomorrow, as we know never comes, so those little tasks like reconciling some control accounts don’t get done until absolutely necessary and at the eleventh hour leading to short cut and short term solutions and frustrations at our own… Read more »

Procrastination- the thief of time

This saying from the English poet Edward Young is often quoted when we talk about decision making, those who procrastinate achieve little. There are lots of articles in cyberspace about this and usually is seen as a negative behaviour and an example of poor decision making (or lack of). Passage of time The decision not… Read more »

Risk, Morals and Investment Appraisal.

One of the underlying assumptions for an investing shareholder is that the interests (returns) of the shareholder coincide with the interests of the manager. Indeed, the Principal-Agent relationship is key to this view and the assumption is that the agent is acting in the best interest of the Principal, using better knowledge to enhance the… Read more »