The internet enables you to sell 24 hours a day to customers anywhere in the world through a fully automated sales process. Having an online shop can attract new customers and enable you to provide a broader service to existing ones.
The use of informations technology (IT) is vital in the day-to-day running of companies and new businesses expect significant returns on their IT investment. Every fledgling business should make sure it specifies and sources an IT solution that meets its immediate requirements, while ensuring the solution can act as a base for expansion as the business grows.
ACCA, October 2010. This paper presents information about governance and ethical practices in Africa, based on a survey of ACCA members in the region. It explores how professional accountants contribute to governance and ethical practices.
The basic principles of compiling a risk register for smaller companies
Tony Morton, March 2010. Recognising the growing importance and demand for managing risk in all sizes of businesses, this short guide is intended to help those embarking on a risk register exercise to construct something useful, with effort commensurate with the potential benefits, in a practical and easily understood way.
The accounting statements of global financial institutions and the recent crisis
Brandon Davies, Gilad Livne and Alistair Milne, March 2010. The paper looks at major issues associated with accounting policies and standards which affected the banking sector in the run-up to the financial crisis. More particularly, it describes some of the unfortunate consequences of the interaction between financial reporting, capital requirements, risk management procedures, bank business models and remuneration. These include challenges associated with fair value accounting, pro-cyclicality and comparability of, and precision in, numbers in financial reports. The paper concludes by identifying seven topics for future research and study.
Governance and management - climate change briefing paper
Prepared by EIRIS, October 2009. A critical issue for companies. Where robust and transparent sustainability and climate change governance practices are embedded into corporate strategy, companies are more likely to be able to manage the risks and maximise the opportunities presented by climate change.
ACCA, June 2009. A guide for governments, regulatory authorities and standard-setters, this paper explains the nature of the current financial crisis and lays down a number of principles which ACCA believes should be reflected in the future design and administration of regulatory systems in the financial and business sectors.
ACCA Australia and New Zealand with Net Balance Foundation Limited, May 2009. Part of a series of research projects which analyses disclosures on areas of non-financial performance by Australian Securities Exchange (ASX) companies.
ACCA, February 2009. Fair value has come in for more scrutiny and criticism in recent months than any accounting issue since inflation accounting in the 1970s. This policy paper is ACCA’s attempt to shed some light rather than the heat which has characterised much of the debate so far.
Jill Solomon, 2009. This paper summarises the content of two corporate governance symposia organised by the British Accounting Association Special Interest Group on Corporate Governance (BAASIGCG), setting them in the context of the existing body of corporate governance literature.
ACCA, December 2008. This paper offers guidance to directors resigning from a board, as well as what a prospective director should consider before joining a board to spot potential issues which might later lead to resignation.
Sure enough to be unsure? Questions for audit committees thinking about the credit crisis
Paul Moxley, July 2008. The Financial Reporting Council (FRC) identified that 'corporate reporting and auditing will be particularly challenging [in 2008] and needs to be matched by increased diligence, and then clarity as to the basis on which judgements have been exercised'. The FRC published a set of key questions to remind audit committees of the key issues. But finding answers may not be easy. This paper considers some of those questions along with the challenge of providing satisfactory answers.