Now, budgeting has moved from being rigid to flexible and more dynamic. Rigidity will only make your budget irrelevant and inefficient.
Budget is simple and, at the same time not simple. It is simple when you understand the techniques and approaches and can choose the most suitable one for your firm.
What does financial planning entail? Financial planning is the cornerstone of a business’s success. It is a strategic approach to ensuring organizational financial stability, growth, and sustainability.
BACKGROUND
While the origin of finance can be traced to the start of civilization, with the earliest historical evidence of finance dating to about 3000 BC, it was in the middle of the 20th century that finance emerged as a distinct discipline, separate from economics.
The Chief Financial Officer (CFO) role emerged in the 1960s, and together with the finance…
IFRS 16 is the result of the joint project initiated by the IASB together with the U.S. national standard‑setter,
Market uncertainties and complexities caused by volatility in macro-economic factors such as crude oil prices, inflation and the unprecedented impact of the global COVID 19..
President Muhammadu Buhari, on 31 December 2020, signed the Finance Act 2020 (“the Act” or “FA20”) alongside the 2021 Appropriation Act into law.
The repeal and re-enactment of the Companies and Allied Matters Act, 1990 (CAP C20, LFN 2004) (‘CAMA’) as CAMA 2020 (“the Act”) is a major game changer