Succession planning is a crucial process that is worth looking into. This is particularly so where people is considered to be “human capital” to an organization. Succession plans normally cover both short- and longer-term successors for key jobs,and development plans for these successors. It is therefore not a one time process which therefore should [...]
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Until todate,many senior managements still differing in their opinion of whether to centralize or to decentralize within their group of companies. This article looks at the advantages and the disadvantages of decentralization. By doing so,this might perhaps act as an indirect answer to the aforesaid controversial question. Advantages of decentralize: Easier for senior [...] CLICK TO THE MAIN PAGE ON ALL ARTICLES ON OUTSOURCING There are advantages and disadvantages of outsourcing your company’s internal audit function. Also,do you know how to measure the performance of the outsourced provider? I have tabulated below the advantages and disadvantages and some measurements to assess the performance of the outsourced provider. ADVANTAGES: [...] Introduction: Activity-based costing (ABC) unlike other traditional costing is based on the concept of assigning costs based on the activities that drive costs rather than the volume or number of units produced. It involves analyzing all activities to identify what drive costs,that is,what cause costs to be incurred. Examples of costs drivers [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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