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decision making articles

Why you should ignore your numbers

Why you should ignore your numbers

    So, if you’re someone who hates numbers I have five reasons Why you should ignore your numbers. Firstly, if having no clarity or focus in your business sounds appealing to you then by all means continue to avoid looking at your numbers. Secondly, if...

What is gross profit and how to calculate it

What is gross profit and how to calculate it

    Explaining gross profit is my mission this week. Gross profit is the amount of money you make after subtracting the cost of goods sold from your total revenue. This number tells you how much money is left over after you've covered the costs associated...

Decision making under uncertainty

Decision making under uncertainty

In business, it's essential to make decisions quickly and efficiently. However, Decision making when things are calm is not the same as Decision making under uncertainty. In this video, I go through the the steps you need to take to make rational decisions when...

Tips on using your Financial Plan

Tips on using your Financial Plan

Four tips to using your Financial Plan is this weeks topic on I Hate Numbers.  Creating and following a financial plan, your financial story is an important step to taking control of your finances. In this vlog, I'll share four tips on how to effectively use your...

Effective Management Accounting Reports| Video

Effective Management Accounting Reports| Video

Management reports: What’s best practice? Firstly, effective decision making requires Effective Management Accounting Reports.  Management accounting tells your business story on a more regular, efficient and informed basis. For this reason you should design the layout and content of your management accounts to provide the most useful data to enable good business decisions. So when […]

What Is Management Accounting ?

What Is Management Accounting ?

I often get asked, What is Management Accounting ? Great question, Management accounting is about is using accounting and business information.  It’s about making informed business decisions more efficiently, and more immediately. Financial accounting This tells your business story through your financial statements to those outside of your business. These statements are typically your profit […]

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