Chartered Accountants
Practicing as an accounting consultant and external auditor over the years, I have interacted with many entrepreneurs who believed that starting a business in Ghana simply involves finding customers and generating sales for their business ideas. While these are important, every successful business
The success of every business primarily depends on the quality of decisions made by the owners and managers. Decision making in business is usually strategic and complex with many permutations that lead either to growth or destruction. These decisions can broadly be categorized as financing, investment and profit distribution (dividend)
By Samuel OSAE ANSAH& Lydia Badu DANQUAH Are you nurturing a business idea, a startup or running a thriving business informally? Have you thought of registering and formalizing the business or idea? Business registration is a crucial step toward legitimacy, growth and increased opportunities. Why the need to register your
The Companies Act of Ghana 2019 (Act 992), requires that the annual financial statement of companies is audited by duly qualified auditors prior to the issue, publishing or circulation of same. Preparation and auditing of the annual financial statements of companies are therefore mandatory and non-compliance shall attract sanctions under
By Samuel Osae-Ansah, CA In recent times I have had young people ask me various questions about their desire to pursue a career in accounting. The most dominant of these enquiries have been: 1. A. Should one go to the university to pursue a degree before undertaking a professional course
The pivotal role played by accountants in the achievement of the corporate strategy of organizations cannot be over emphasized. The contemporary accountant translates the company strategy into quantifiable elements through budgets & budgetary control, financial reports & analysis while reporting on the bottom line i.e., profit or loss. Accountants also
