Strategic plan is the collection of activities that are channeled towards the achievement of organizational goals. It involves all that company’s executives and directors do in order to meet the demands of the various stakeholders with an almost insatiable wants. These challenges that needs to be met includes; government regulations, customers continuous demand for quality [...]
Risk management is the practice of defining the risk level a company desires, identifying the risk level it currently has, and using derivatives and other financial instruments to adjust the actual risk level to the desired risk level. Financial risk management is the collection of various calculated measures taken to mitigate financial losses that would [...]
Financial managers and business executives now have another variable added to the list of their worries. The quest to create IT value through IT investments has made organizations to continually embrace cloud computing and outsourcing of IT services. This new trend in the accomplishment of computing services opened up a new concern for business executives- [...]
In the quest to satisfy the ever expanding and insatiable appetite of customers of banks to get an increased access to banking products, banks and other financial institutions continued to deploy sophisticated IT and Network infrastructures to meet their customers’ demands. Internet banking is a one stop option for banks to give online real-time banking [...]
The financial implications of IT on our business are always highly levered. It either pays off bountifully or seriously saps our business off huge financial resources. This situation has caused managers and business executives to take the issue of IT governance very serious. What positive impact is IT having on the finance of a business [...]
Financial information on its own is worthless if it is not acted upon. Access to financial information has to be given to certain people without posing serious threat to its security and at a reasonable cost.
You will agree with me that financial information quickly become obsolete if not acted upon on time. Hence, managers and [...]
Working capital management is an attempt made by accountants and business owners to strike a balance between profitability and liquidity.
Many people (especially small business owners) either forget or are not aware of the fact that bad-debt has ‘double cost’ – the cost of writing them off and the cost of servicing associated to bad debts [...]