Tuesday, May 1, 2007

Accounting for your business

[Nairobi, Kenya]
THERE'S NO escaping the fact that accountants are necessary in today's fast-paced business world. Heck, if you want your company to fly high and operate smoothly without crashing into the jagged rocks of oblivion below, then you have no choice. Right?Survival of the fittest
Now, I assume you know that all accountants are not created equal. Actually, if your accountant is behind the times in terms of understanding or applying ICT solutions in a business setting, then I suggest you throw him/her to the wolves lest you loose your shirt. Why? Because the accountants at your main competitors are probably up to date on the latest ICT applications, which translates into a smooth running operation for their bosses. As you can see, this is no laughing matter.
Julius speaks your language
Okay, so what's next? Well, if you want to stay ahead of the accounting curve, then I suggest you take a peek at Julius Gakure's blog, Julius Speaks. Here's the url if you have a good memory: http://JuliusCPA.BlogSpot.com. Oh, this dude is a professional accountant
in Nairobi for, arguably, Africa's biggest insurance broker. In addition, he's not afraid to open up a PC to fix any hardware problems. This is exactly the kind of versatility I like in a professional. Heck, he's a number cruncher who eats, sleeps, and drinks anything & everything to do with accounting. But what I like about him the most is that he's also aware of what's going on in the realm of ICT, which is really just a tool to be utilized in the right hands.

Anyhow, here are a few of his posts that might be of interest to you:
Corruption, be gone!
One other thing. This dude really hates corruption and provides some excellent insights on how proper accounting practices can reduce or eliminate this. Just take a peek at this:
Further, it can be argued that, accountants are already among the best-equipped group of professionals through their training and experience to participate in a major way in the fight against corruption. As Accountants, auditors or consultants they are trained to put in place good (internal control) systems to prevent corrupt practices and to detect weakness in existing systems. Further, their training can come in hardy in giving early warning of corrupt dealings in organisations and also in following audit trails to uncover corrupt deals and to catch the perpetrators.

What it all boils down to is that however much we might want to pretend otherwise, accountants are right in the middle of the corruption saga; either in what they have actually done or failed to do or in what the man in the streets perceives them to have done or failed to do. {source}
If you have a comment or would like a question relating to your accounting scenario answered, then don't look at me. I don't count beans. :-) Instead, I'd fire an email off to Julius at JGakure[at]GMail.com.

Happy accounting!

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