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BUDGETARY CONTROL AND ORGANIZATIONAL PERFORMANCE Budgetary control involves comparing actual expenses and revenues to the budgeted figures and taking the necessary action to correct any variances. This enables business owners
THE ROLE OF FINANCE FUNCTION IN AN ORGANISATION The finance function is an important part of any business/organization that seeks to ensure efficient management of financial resources and maintain sustainable
BUSINESS GROWTH THROUGH MERGERS & ACQUISITIONS Mergers and Acquisitions (M&A) have become a popular strategy for business growth and success as they offer diversification and market positioning. Most small and
DOING BUSINESS INTERNATIONALLY “Venturing out of your comfort zone to trade internationally may make your business stronger, more successful, and more profitable”. Bruna Martinuzzi International business involves producing and/or selling
ETHICAL CONCERNS IN CORPORATE FINANCE Ethics: The moral principles that govern a person’s behavior or conduct based on what is good and bad. In business, management and other employees need
FILING TAX RETURNS IN KENYA Filing tax returns in Kenya is a mandatory obligation for every registered taxpayer. Section 52B of the Income Tax Act stipulates that income tax accrued
FINANCIAL RISKS IN BUSINESS Financial risk is a situation where a business loses money or is unable to meet its financial obligations as a result of poor cash flow management,
RUNNING AN EFFECTIVE ACCOUNTING AND FINANCE FUNCTION Accounting and Finance is a vital function in any organization as it has the potential to improve profitability and cash flows. Accounting is
THE ELECTRONIC TAX INVOICE MANAGEMENT SYSTEM (TIMS) Kenya, like most modern economies, is making use of technology to better streamline its VAT administration. In line with this, Kenya Revenue Authority
THE NEED FOR ACCOUNTING SOFTWARE Did You Know? The first accounting software was developed in 1978 when Visicalc and Peachtree Software were introduced. Visicalc was the first spreadsheet software that
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