Risk management can feel like going to war: there are threats on the horizon and it could take substantial investments of time, resources and effort to achieve victory. Some of the threats your business will face are bad debts, theft or fraud, loss or theft of data and natural disasters. The good news is your…
Outside the grey stone walls of Oxford University’s Saïd Business School, it was an ordinary damp Friday morning in England. But inside, where I sat listening to Adrian Moorhouse – Olympic gold medallist turned consultant – it was an extraordinary moment. I had just experienced that rare and delightful ‘Ah-ha!’ moment, and I knew then…
Stor-Age, the country’s largest and leading self-storage company today, boasts a R1.5 billion property portfolio consisting of 33 properties, comprising 25 trading stores and eight development sites across six cities. As recently as 2006, two of the three CAs(SA) running this unglamorous business were still doing their articles and dreaming of anything but self-storage. CAs(SA)…
Most people try to live a risk-free life. You may view taking risks as reckless and irrational and to be avoided. But unfortunately, life is full of risk. Everything you do involves risk. There are dangers in every type of travel, eating, breathing, working, exercising, etc. Risk is an unavoidable part of your everyday life.…
The International Accounting Standards Board (IASB) published the proposed amendments (ED/2013/9) to the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) in October 2013 for comment. This is the first review since the release of the standard in 2009. It is the IASB’s expectation to review the standard in a three…
“If you critically analyse what you spend most of your time on every day, can you honestly say that it comprises the most optimal use of your unique talents and strengths?” Empowering those around you will in turn empower you “It is never too late to be wise.” – Daniel Defoe, Robinson Crusoe The only man to…
:The software you choose is not the only variable that determines the success of your consolidation software implementation. ” Prevent costs and headaches later by selecting the ‘right fit’ solution Companies with multiple cost centres or business units usually reach the point of needing to adopt a financial consolidation solution. The time is ripe to…
“There is no downside to having a qualification as a chartered accountant, only upsides. One of the things I have learnt here at PSG is never to use the word ‘I’ but rather use the word ‘we’” Jannie Mouton is one of South Africa’s most successful and influential businessmen. Accounting SA had a rare opportunity…
“Traditional KPIs include chargeable time, billing recovery rates, bills raised and the quantum of lock up.” Implementing key performance indicators to grow your profitability Business financial progress can be tracked by management accounts, but what can accountancy business owners monitor that will directly result in profit improvement? A key performance indicator (KPI) is a selected…
A whale of a Flop JPMorgan Chase & Co cancelled a question-and answer session on Twitter after it prompted a tirade of verbal abuse from thousands of people on the site. They are the target of at least eight Justice Department investigations in the US and was mocked and taunted by Twitter users after asking…