Nic's blog...
Accounting Education Standards Makes Headlines Again
August 04,2011
Last week I blogged about the federal government’s plan to establish a board to regulate the outcomes for graduates in the Accounting industry. The same issue has hit the Australian Financial Review’s headlines yet again this week, as a forum of the country’s most influential accounting educational professionals gathered to discuss Australian Accounting’s state of play.
In a statement to the press, Professor Guthrie, head of academic relations at The Institute Of Chartered Accountants and attendee at the gathering, spoke on behalf of the group, who collectively criticised “the state of accounting education in Australia.” He also indicated that they “have called for widespread improvements to the quality of institutions.”
What was particularly......
The End of Business As We Know It
August 03,2011It doesn’t take Sherlock Holmes to realise that business has changed. In the last ten years the shift has gone from foot traffic to internet traffic and marketing has taken on a whole new Ethernet meaning. Add to this the effects of the GFC as well as the disasters that have befallen Australia and New Zealand recently, and you have The End Of Civilisation As We Know It – well at least in a business sense.
Throughout 2010 many businesses experienced a turn for the worse. We had to learn sink or swim survival tactics and we had to learn them fast. Well I’m here now to say congratulations, because you did survive and......
The Big Business of Small Business
August 03,2011What really defines a small business? The turnover? The number of staff? 
Or is it simply the nature of the business? When it all boils down, small business is defined by many things but it has a unique challenges
and opportunities because large business is not interested in competing in their market – it is just not worth the effort.
Small businesses pursue opportunities that require a smaller capital investment and have a higher market fluctuation. In a nutshell, smaller businesses have smaller capital investment, higher risk and therefore a lot more stress!
So what are the hurdles and inherent problems? Undercapitalisation is a frequent cause of bankruptcy. If you’re just starting......
