Defensible by Elmida Consult

Accountancy has always been considered a profession where technical skills are paramount. Is this true? The role of accountants has evolved over time. In the past, they were mainly involved in auditing and tax preparation. Today, accountants are also responsible for managing financial information and reporting. They are also required to provide expert advice to businesses and individuals. However, despite these changes, accountants still require strong technical skills but are technical skills alone enough? Accountancy is a highly competitive field. The number of qualified candidates applying for accounting jobs has increased over the years. This means that employers are looking for candidates who possess additional skills.  What are these skills?  Accountants are required to have strong analytical skills, excellent communication skills, and good interpersonal skills. They also need to be able to solve complex problems and deal with clients effectively. Accounting professional...

  Which is better financing for start-ups? Debt or Equity financing? Debt financing is cheaper than equity financing, but it has its own set of disadvantages. It takes longer time to raise money from banks and other financial institutions. Banks are not keen on lending money to small businesses because they fear that if the business fails, they will be held responsible for the loan. The interest rates charged by banks are higher than those charged by venture capitalists. However, there is no doubt that banks can provide more flexible terms compared to venture capital firms. On the other hand, venture capitalists have their own set of advantages. They usually charge lower fees than banks. In addition, they do not require collateral security. Venture capitalists also offer a wider range of services such as legal advice, tax planning, accounting and marketing support. The choice between debt and equity financing depends on many factors including: The size of the company Its growth pot...