Accounting and Finance Blogs | Meirc Training and Consulting
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Accounting and Finance Blogs

Meirc’s blogs are meant to be fat-free write-ups on topics which are of interest to our clients and web-site visitors. These blogs are useful when you wish to get an update on a field you follow or when you are looking for a bite-sized article that you would like to refer to or learn from. If you wish to enquire about our products and services, please visit our Contact Us page

Bitcoin: Is it a Ponzi Scheme?

  Feb 17 2019

# Accounting and Finance

Every country has probably had at some point in time its own Charles Ponzi, an influential con artist who lured investors to entrust him with their money and who paid quick returns to the first investors from money invested by later investors. The preys believe that the profits are the result of assets trading and appreciation, and are not aware that fresh funds from new investors are the source...;

Building an All-Star Credit and Collections Team

  Sep 18 2018

# Accounting and Finance

Training opportunities, in less enlightened organizations, are handed around like chocolates in a box. In some instances, they are often chosen with only as much consideration. This approach is mostly the preserve of the well-intentioned organization, eager to show a willingness to spend on staff and management learning. Commendable though the intent might be, it is inevitably doom...;

Turning the Credit and Collections Department into a Profit Earning Function

  Oct 22 2017

# Accounting and Finance

Below is a real-life case study by Jon Ray MICM. A few years ago, I was doing some consultancy work for one of the big European banks. This institution had some issues with poor collection performance and internal relationship problems; most especially between Customer Service staff and the Collectors. The Customer Service Department and t...;

The Audit Report Writing Mindset

  Mar 16 2016

# Accounting and Finance

Perhaps the most challenging part of an auditor’s role is the communicating of results in order to achieve effective remediation of any control deficiencies. Audit reports are, perhaps, the most critical part of the audit process and typically come at the end of the process when schedules are stretched, deadlines are approaching, pressure is on and the report becomes ...;

IFRS vs. GAAP - What does this have to do with the financial crisis?

  May 21 2014

# Accounting and Finance

In the G-20 summit (the richest 20 countries on this planet), and in the midst of the financial crisis the world was facing, leaders were discussing accounting rules!! Not debits and credits! I don't think they go into that detail! But what they are demanding from the accounting profession is to come up with one set of accounting rules that all companies can use regardless of their location. OK,.....;

The Magic word in Excel 2007 - PIVOT TABLES

  May 21 2014

# Accounting and Finance

How often are you asked to prepare reports? always!? and I bet one of the ways you retrieve the data is by importing or copying the raw data from your system and pasting it to Excel. then you insert rows, columns, move cells, highlight cells, delete some unneeded data, are lost and you start over!!! Pivot Tables comes to the rescue. I can truly say that Pivot Tables is the most effic...;