Posts Tagged ‘information’

The Messenger Matters

A Modern Day Response

You have undoubtedly heard the expression, “Don’t shoot the messenger.” This is a play on words of the practice in the middle ages of a king or queen having a messenger killed if they did not like the message. Thankfully we no longer kill the messenger, but we have our own version of it.

A Personal Experience

I remember a time quite a while ago when I could not get the needed information from Read the rest of this entry »

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5 Reasons to Keep Accounting Current

Accounting is one of those areas that can get put on the back burner. That can be a very serious mistake. This posting is highly relevant to start-ups, but applies more to some small businesses that have existed for a long time than you might imagine. Although there are certainly more than five reasons to keep accounting current, here are five that I believe are critical.

Legal Obligations

You will undoubtedly need correct financial information to have Read the rest of this entry »

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Simplified Management Accounting

If you are not specifically an accountant but have responsibility for managing profit, what should you know about management accounting? Before we get into this, let’s first look at a definition.

Management Accounting

First let’s get a working definition of management accounting.  In a nutshell it is the providing to and use of accounting information by management. It is important to realize this information may be used by both those with an accounting background and those without that background. Therein lays the problem that should be Read the rest of this entry »

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Decision Gridlock

Everyone has found themselves sitting in traffic gridlock, but that is more frustration than a serious issue. However, when a business experiences gridlock it can be very serious and often very costly.

Typical Business Gridlocks

A previous post called Business Bottlenecks was a discussion of how business can be slowed or even brought to a standstill if a bottleneck is encountered. A typical example would be in manufacturing where one stage is unable to process items at a rate sufficient to keep production flowing smoothly and uninterrupted. That same thing can happen in office duties as well. While this could also be a form of gridlock, often gridlock involves decisions. A classic example is seen Read the rest of this entry »

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