April 20, 2018

Fuel for thought?

Embed from Getty Images It’s been called many things so far, but ‘Diesel Dupe’ and ‘Dieselgate’ are among the more common monikers given to the Volkswagen (VW) emissions scandal. Germany’s VW is the second largest car maker in the world, behind Toyota. It owns Audi, Seat and Skoda and luxury brands such as Bentley and […]

When is revenue not revenue?

  One of the accounting challenges that face businesses is the timing of the recognition of revenue – exactly when can revenue be recognised in the income statement. The answer to that question is crucial as it has a huge impact on when profits are earned and reported to shareholders. For some sectors – like […]

The Price isn’t just right!!!

Do you know that supermarkets could be throwing away millions of pounds in revenue? Do you know why? Well it’s because they may not be pricing their products correctly. It is estimated that UK and US consumers spend 9.4% and 6.1% of household total expenditure respectively on grocery products. Yet despite this significant share of […]

Financial fantasies in football

Why is it that Football clubs think that they are immune to the effects of continuing operating losses? In every other private sector business, it is understood that losses cannot be sustained indefinitely. Continuing financial losses lead inevitably to job losses, cuts in salary costs and sometimes complete closure, but not in football apparently? #146275737 […]

University without walls!

20 November 2014 and it’s EBS graduation day again. Today we have four new DBA graduates bringing to 35 the number from the programme since its inception.  26 of the 35 have graduated in the past couple of years as the DBA has gathered pace. Today’s four graduates come from South Africa, Hong Kong, the […]

Is it worth doing an MBA?

 The Chartered Institute of Personnel and Development  (CIPD), the UK body for professional Human Resource Managers, asks this question in the latest edition of their magazine People Management. In an article entitled ‘It’s just for geniuses  – and six other myths about MBAs’ they ask the pertinent question: is an MBA worth it  – especially […]

When the Accounts Preparation process goes wrong and losses are hidden…

For any company, loss incurrence is distinctly bad news – for its shareholders, employees, customers and suppliers alike.  Most companies adopt a conservative approach to operating losses and recognise them as early as possible, no matter how bad the news might be. Often, loss incurrence leads to changes in management and the new management team […]

What is negative growth?

During the past turbulent five years many countries have experienced a reduction in Gross National Income (other terms used are Gross National Product or Gross Domestic Product). The big Western economies such as US and Germany were particularly badly hit in 2009 with significant reductions in GNI. Of course, the economies of countries such as India […]