As part of uniformity and consistency principles in handling monthly financial closing, we need to clear doubts and put clear instructions on how to treat certain items in the General Ledger. By doing so, the closing of the accounts will be smoother and having lesser errors. 
I append below a simple guideline to assist the financial executives in the regulating […]

It is very important to respect the rights of the employees to privacy in their personal activities and affairs. However, management needs to make known that the employees’ transactions and relationships with outside parties must be conducted at all times on a highly ethical basis and at arm’s length.
In conducting those relationships and transactions, the […]

This is my first article on Statement of Policy (SOP), so you might wonder why I’m starting with this SOP when there are a lot of other important SOPs.
Well, I choose this for two main reasons:

during my stint in a public listed company in Singapore, I was pulled into the Audit committee and was asked […]

As part of a constant Continuous Improvement process, financial executives need to be aware of useful technologies in the market so as to enable them to streamline, simplify and standardize their process flow in their working place.
One such area is the using of the RFID technology particularly in their inventory control.
RFID uses radio frequency waves […]

In my earlier article on the Workflow Management concept, I wrote regarding standardization of process and reporting.
One important area is when the financial executive needs to regulate subsidiaries financial controllers in terms of reporting timeline and the understanding and speaking the same language within the group.
My suggestions are:

to set up a uniform naming […]