Future of Accountancy Practices

Can You Future Proof? Fundamentally I don’t think you can future proof your practice in any great detail, what you can do is make sure you have processes and talent in place to be responsive to regulatory and digital changes in the market place and manage the changing tension between fees and service levels. We… Read more »

Purposeless purpose

The teleological aspect of business seems to be an underpinning concept within capitalism. Latter parts of last century repeated the shareholder mantra as the purpose of business and thankfully we have moved away from a pure profit motive for business to a much more encompassing idea round sustainability and the impact of business in society…. Read more »

Excellent Finance

I was recently asked to lead a discussion with a finance team on the subject of ‘How to deliver excellent internal customer service ‘which, on the face of it was a great opportunity to extol the virtues of finance and how it can support its internal customers . That got me thinking (again) 1 Definition… Read more »

Accelerated Accounting

In a world where business is becoming faster, smarter and influenced by the latest algorithm, the foundations of accounting have been underpinned by better delivery of the basic concepts of double entry book keeping and an even faster journey from basic input through to ultimate user friendly information. In terms of speed we are in… Read more »

Executive Deterrent

There is a lot of research that tells us that rewards work better than sanctions and if the risk of reward outweighs the risk of sanctions and their proportionate effects, then coupled with the concepts of limited liability and the fact that rewards structures are based on the same principles of shareholder wealth, you can… Read more »

Precedents or Principles

We are a product of our own education, the word used in its broadest sense in the way we have been brought up and experienced the world through our view of reality which has been influenced by the various inputs we have received whilst exploring these experiences. When we come across new experiences we are… Read more »

Sustainable capitalism

Shareholder value started to merge as a phrase in the 1980s and people like Professor Alfred Rappaport (Kellogg GSM) and Jack Welch (General Electric) used the phrase in conjunction with the idea of aligning executives and shareholders rewards. This concept has led to pushing the boundaries of ethical and moral business practices into tax evasion… Read more »

Plato’s numbers

Accounting is not a binary state and is not necessarily purely about numbers, it encompasses all human emotions from extreme happiness to despair purely and simply because of the idea that there are safe spaces in society where people conform to norms, adopt or adapt behaviours dependent on outcomes that can be measured or plainly… Read more »

Risk Registers

The identification  and mitigation of risk is a key factor in organisational strategy and most risk registers favour a scoring/probability model which has widespread application in larger businesses. At SME level the perception of risk is much more intuitive merely because there is no defined risk person or anyone with full time responsibility for risk measurements… Read more »

Accounting and spreadsheets.

We have all seen spreadsheets which are overly complicated and reflect the inner workings of someone’s brain in finance and forecasting and when multiple people have access to the data and add their own calculations and formulae then it will not surprise us to know that spreadsheets can become error prone and in some cases… Read more »