Money is incorrectly used by most businesses today
Money and Finance is not or should not be used to manage the organisation. Now most would disagree with this statement and I will explain why. When Finance is used to manage the organisation, this becomes something like the carrot vs the stick, where it is used to manipulate the people as a type of […]
The Forensic Accountant – Part One Introduction
I have decided to write a comprehensive article on what a forensic accountant is and what we do. This is part one. The full content of the four part article series will include the following: 1. Introduction to Forensic Accounting 2. Roles & Responsibilities of a Forensic Accountant 3. Forensic Accounting Jobs & Career Opportunities […]
5 ‘MUST KNOWS’ ABOUT MONEY and what DRIVES IT.
What is Money Money is the one thing most people dream of. Money is the one thing most people study. Money is the one thing most people plan and sometimes kill for. Some people call Money the root of all evil. In truth Money is Energy. If you do not have enough money your business […]
6 WINNING points about Disbursements that could save your company
How you handle Disbursements is a major aspect in any business. 1. You need to know what is coming in but you also need to know what is going out. Going out, DISBURSEMENTS, breaks down into what is needed and what is wanted. 2. Disbursements need to be controlled more than anything else. This determines […]
Can you trust your employees
Can you trust your employees? Do you have controls and monitoring systems in place to detect fraud or any transgressions or non-optimal performance within your company? Are you monitoring revenue and costs? If the answer is “No” to any of these questions then you are haemorrhaging cash. This is a fact. Without monitoring systems there […]
Are you stuck in a timeless rut and can’t seem to shift out of it?
It is funny how deceptive time is and how it can change speed. There is a slow run up at the beginning of the year, things start to speed up and it is the end of the year whizzzz… another year gone. What happens to all the time? It is just eaten up like a […]
The link between understanding business processes and staff competence
There is a distinct connection between understanding business processes, controls and competence. If your employees and management do not understand your business and the reason for certain processes and controls then they cannot take ownership of the processes and will not be responsible for what goes wrong. Understanding comes with knowing the purpose of things […]
The analogy of the car
I like to use the analogy of a car when talking about running a business. Cars are very near and dear to most of us and can become an extension of who we are. The same applies for your business, even if it is an organisation you work for, this becomes who you are. We […]
Control and risk, two sides of the coin
For there to be a control, there has to be a risk. If there is a control without a risk then you have to question the reason for the control. Some controls are in place because they have always been there and may no longer have a purpose. The purpose of controls is to reduce […]
Season changes and contrasts
How is April treating you? As we in the South head towards winter and autumn starts finally showing itself, our Northern brothers are happily awaiting summer with spring in the air. This is my favourite time of the year in Durban – the time of crystal days. Perfect sunshine and blue skies with wisps of […]