Dealing with derivatives: handle with care

Article Abstract:

Accountants must be careful when selecting financial derivatives to ensure safety for the finances of their corporation. Banks may use derivatives to hedge against the adverse movements of interest or exchange rates in the bank's assets/liability structure. Sound internal controls, adequate governance and good reporting/monitoring software are necessary to be aware of risk exposures.

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Staying abreast of change - new initiatives

Article Abstract:

The accounting profession has changed in the late 1990s as a result of changes in technology, commerce, skills, knowledge and products. The profession provides financial planning services, works with information technology and dispenses management advice. It is also important to realize that individuals involved are certified public accountants.

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Improving cashflow - the instalment fees option

Article Abstract:

Cashflow management problems can be resolved with an instalment payment plan. Accountants using this program can assist to maximize cash efficiency while creating a stronger bond with their clients. Accounting firms can increase their efficiency with an instalment payment program through decreasing debtors and decreasing credit risk exposure.

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