THE NECESSITY OF MICRO AND SMALL BUSINESSES ACCOUNTING

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THE NECESSITY OF MICRO AND SMALL BUSINESSES ACCOUNTING- WHAT FOR?

MANY PEOPLE THINK THAT ACCOUNTING IS SOMETHING FOR “BIG BUSINESS”. THEY ARE AFRAID OF SOMETHING LIKE “DOUBLE ENTRY”  AND OTHER ACCOUNTING TERMS DIFFICULT TO UNDERSTAND. BUT DOES THAT FEAR REALLY HAVE A FOUNDATION? Continue reading “THE NECESSITY OF MICRO AND SMALL BUSINESSES ACCOUNTING”

RE-ORGANISATION OF RECKLING ENTERPRISE AND GHANA RESEARCH

 

  • OVERVIEW

AS YOU ALL PROBABLY KNOW, WE ARE SPECIALISED ON FINANCING, INVESTMENT, AND BUSINESS MANAGEMENT FOR MICRO AND SMALL ENTERPRISES. UNTIL NOW, WE OFFERED EVERYTHING THROUGH THE WEBSITE https://www.ghanaresearch.org, WHICH MEANS THAT TOO MANY SERVICES ARE OFFERED ON ONE WEBSITE. THIS MAKES THE SERVICES CONFUSING.

ADDITIONALLY, MANY OF THE SERVICES DID NOT FIT. PUBLISHING, EDUCATION, AND CONSULTANCY ARE NOT NECESSARILY ON THE SAME LEVEL. EDUCATION AND PUBLISHING ARE MORE THEORETICAL, WHILE CONSULTANCY DEALS MORE WITH PRACTICAL PROBLEMS. AS ONE OF MY SUPERVISORS IN THE LAW COURT ONCE SAID: “LADIES AND GENTLEMEN, NOW THAT YOU ARE HERE IN THE COURT, YOU CAN FORGET ABOUT 95% OF WHAT YOU HAVE LEARNT IN UNIVERSITY. IT HAS NOTHING TO DO WITH REALITY.”

THEREFORE, MY TEAM AND I HAVE DECIDED TO SPLIT THE CONTENTS OF THE WEBSITE. GHANA RESEARCH WILL IN FUTURE SOLELY COVER EDUCATION AND PUBLISHING. ON THE OTHER HAND, ANYTHING CONNECTED WITH CONSULTANCY AND PRACTICAL ASSISTANCE WILL BE OFFERED BY RECKLING ENTERPRISE DIRECTLY THROUGH THE WEBSITE https://www.recklingenterprise.com

Continue reading “RE-ORGANISATION OF RECKLING ENTERPRISE AND GHANA RESEARCH”

RE-ORGANISATION RECKLING ENTERPRISE AND GHANA RESEARCH

I REALISED THAT THE SERVICES WE OFFER ON THIS WEBSITE MIGHT BE A LITTLE BIT CONFUSING. PUBLISHING, EDUCATION, AND FINANCIAL CONSULTANCY DO NOT FIT ON ONE WEBSITE. THEREFORE, I DECIDED FOR THE RE-ORGANISATION  RECKLING ENTERPRISE AND GHANA RESEARCH. I WILL SPLIT THE SERVICES IN A WAY THAT I DESCRIBE NOW. Continue reading “RE-ORGANISATION RECKLING ENTERPRISE AND GHANA RESEARCH”

CORONA VIRUS ALONE – OR IS THERE MORE?

THE THREE MAIN US-AMERICAN STOCK INDICES HAVE THE MOST TERRIBLE WEEK SINCE THE GREAT RECESSION 1929 FF. MANY PEOPLE THINK IT IS THE CORONA VIRUS THAT PUTS FEARS INTO INVESTORS’ MINDS. BUT IS IT ONLY THE CORONA VIRUS ALONE – OR IS THERE MORE?

NO DOUBT THE CORONA VIRUS PLAYS A BIG ROLE IN THE CRASH THAT HIT US-AMERICAN INDICES IN THIS WEEK. IF YOU LOOK AT INVESTING WEBSITES LIKE INVESTOPEDIA (https://www.investopedia.com/), YOU WILL SEE THAT MANY US-AMERICAN CONPANIES COMPLAIN. OBVIOUSLY, THE CORONA VIRUS INTERRUPTED THE SUPPLY CHAINS FOR PRODUCING THEIR MERCHANDISE AND SERVICES. MANY AMERICAN FIRMS GET THEIR SUPPLIES FROM CHINA AND OTHER EAST-ASIAN COUNTRIES. THEREFORE, IT IS NO MIRACLE THAT THEIR EARNINGS AND PROFIT FORECASTS FOR 2020 GO SOUTHWARD. ONE RESEARCH DEPARTMENT OF A GLOBAL BANK EVEN BELIEVES THAT THERE WON’T BE ANY POSITIVE EARNINGS RESULTS AT ALL IN 2020.

BUT IS IT ONLY THE CORONA VIRUS THAT CONTRIBUTES TO THIS OBVIOUS STOCK MARKET CRASH IN THE UNITED STATES? (BESIDES, OTHER STOCK MARKETS WORLDWIDE ALSO WENT DOWN SIGNIFICANTLY. HERE, OTHER FACTORS BESIDE THE VIRUS CONTRIBUTE TO THE DOWNFALLS. BUT, IN MY OPINION, THEY ARE DIFFERENT THAT IN THE U.S.A. IN THIS ARTICLE, I CONCENTRATE ON THE SITUATION IN THE U.S.A.)

IN MY OPINION, THERE IS AT LEAST ONE MORE OTHER REASON BESIDE THE VIRUS CONTRIBUTING TO THE RECENT DOWNFALL. THE U.S.-AMERICAN STOCKS ARE OFTEN OVERPRICED. SIMPLY, WE SEE THAT, E.G., IN THE FACT THAT SINCE YEARS, WARREN BUFFET’S BERKSHIRE HATHAWAY DID NOT FIND ANY COMPANY TO BUY.

WARREN BUFFET PREFERS TO BUY COMPANIES WITH A HIGHER INTRINSIC VALUE THAN THEIR PRICE. WE DEFINE INTRINSIC VALUE AS:

Intrinsic value is a measure of what an asset is worth. This measure is arrived at by means of an objective calculation or complex financial model, rather than using the currently trading market price of that asset.

In financial analysis this term is used in conjunction with the work of identifying, as nearly as possible, the underlying value of a company and its cash flow. In options pricing it refers to the difference between the strike price of the option and the current price of the underlying asset.

https://www.investopedia.com/terms/i/

FOR BUFFETT, THE INTRINSIC VALUE OF A COMPANY MUST BE HIGHER THAN THE PRICE HE PAYS FOR IT.

AND INVESTORS OVERPRICED THE U.S.-AMERICAN STOCK MARKETS EXTENSIVELY. THESE ARE ESPECIALLY COMPANIES WITH RELATIONS TO THE DIGITAL AGE, THE SO-CALLED GROWTH COMPANIES. WE MUST SEE THIS IN OPPOSITE TO VALUE COMPANIES – COMPANIES BUFFETT WOULD BUY.

MANY COMPANIES ON THE US STOCK MARKETS DON’T EVEN MAKE A PROFIT. THEY GROW AND GROW AND GROW, BUT THEIR DEBTS ALSO GROW AND GROW AND GROW. IN MY EYES, THIS IS NOT HEALTHY. THIS IS ESPECIALLY THE CASE IF PROFIT DEPENDS MOSTLY ON ADVERTISEMENT SALES.

THEREFORE, I BELIEVE THAT THE AMERICAN STOCK MARKET DOES NOT ONLY SUFFER FROM THE CORONA VIRUS. SURELY, AN ADDITIONAL POINT IS AN ESCESSIVE OVERPRICING OF AMERICAN COMPANIES, NOT BACKED BY ENOUGH ASSETS.

CORONA VIRUS ALONE – OR IS THERE MORE? OBVIOUSLY THERE IS MORE THAN THE EYE CAN SEE.

 

 

IS GHANA TORN BETWEEN GOLD AND OIL?

THE “GOLDSTREET” BUSINESS NEWSPAPER TODAY REPORTS THAT GHANA BENEFITS FROM A SURGE IN THE PRICE OF GOLD. TO READ THE WHOLE ARTICLE, VISIT: https://goldstreetbusiness.com/business/ghana-set-to-benefit-from-gold-price-surge/ BUT ON THE OTHER HAND, OIK PRICES ARE GOING SOUTHWARDS. IS GHANA TORN BETWEEN GOLD AND OIL? Continue reading “IS GHANA TORN BETWEEN GOLD AND OIL?”

GHANA STOCK EXCHANGE WEEK FROM 17-02-20 TO 21-02-20

ROBERT SHILLER IRRATIONAL EXUBERANCE

GHANA STOCK EXCHANGE WEEK FROM 17-02-20 TO 21-02-20 WAS RATHER BORING. BOTH INDECES WENT UP AND DOWN, DURING THE WEEK, BUT ONLY WITHIN A NARROW FRAME. AS THERE IS NOTHING SPECIAL, I DECIDED TO TELL YOU SOMETHING ABOUT A BOOK I’M CURRENTLY READING. IT HAS THE TITLE “IRRATIONAL EXUBERANCE”, AND IS WRITTEN BY NOBEL PRIZE LAUREATE, PROFESSOR ROBERT SHILLER. YOU CAN DOWNLOAD THE BOOK FROM THE BEGINNING OF THIS ARTICLE. Continue reading “GHANA STOCK EXCHANGE WEEK FROM 17-02-20 TO 21-02-20”

FINANCIAL AND ECONOMIC DATA GHANA JANUARY 2020 – 3

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Summary-of-Economic-Financial-Data-January-2020

FINANCIAL AND ECONOMIC DATA GHANA JANUARY 2020 – 3 DISCUSSES

— GOVERNMENT FISCAL OPERATIONS,

— MONETARY INDICATORS,

— BANKING SECTOR INDICATORS, AND

— STOCK MARKET PERFORMANCE.

ADDITIONAL, WE WILL TAKE A LOOK AT PAYMENT SYSTEM DATA.

AS USUAL, YOU CAN DOWNLOAD BOTH BANK OF GHANA DOCUMENTS FROM THE TOP OF THIS ARTICLE. Continue reading “FINANCIAL AND ECONOMIC DATA GHANA JANUARY 2020 – 3”

FINANCIAL AND ECONOMIC DATA GHANA JANUARY 2020 – 2

MPC-Press-Release-January-2020-4

Summary-of-Economic-Financial-Data-January-2020

FINANCIAL AND ECONOMIC DATA GHANA JANUARY 2020 – 2 DISCUSSES THE FOLLOWING SECTORS:

— FOREIGN EXCHANGE RATES,

— COMMODITY PRICES, AND

— EXTERNAL SECTOR DEVELOPMENTS. Continue reading “FINANCIAL AND ECONOMIC DATA GHANA JANUARY 2020 – 2”

FINANCIAL AND ECONOMIC DATA GHANA JANUARY 2020 – 1

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Summary-of-Economic-Financial-Data-January-2020

THE MONETARY POLICY COMMITTEE (MPC) OF THE BANK OF GHANA (BoG) HELD ITS JANUARY MEETING LAST WEEK. AT THE END OF IT, THE BoG PUBLISHED THE SUMMARY OF FINANCIAL AND ECONOMIC DATA FOR GHANA/JANUARY 2020. THEY ALSO PUBLISHED THE MPC PRESS RELEASE CONCERNING THE MEETING. YOU CAN DOWNLOAD BOTH DOCUMENTS AT THE BEGINNING OF THIS ARTICLE. AS USUAL, I WILL DIVIDE THE OVERVIEW OF THE DATA INTO THREE ARTICLES. FINANCIAL AND ECONOMIC DATA GHANA JANUARY 2020 – 1 DISCUSSES PRICE DEVELOPMENTS, REAL SECTOR INDICATORS, AND MONEY MARKET RATES. THE SECOND ARTICLE ON FRIDAY WILL DEAL WITH FOREIGN EXCHANGE RATES, COMMODITY PRICES, AND EXTERNAL SECTOR DEVELOPMENTS. FINALLY, MONDAY’S THIRD ARTICLE IS FOR GOVERNMENT FISCAL OPERATIONS, MONETARY INDICATORS, BANKING SECTOR INDICATORS, AND STOCK MARKET PERFORMANCE. Continue reading “FINANCIAL AND ECONOMIC DATA GHANA JANUARY 2020 – 1”

BANK OF GHANA MPC NOVEMBER MEETING – PART 3

Summary_of_Economic__Financial-Data_November-2019

MPC-Press-Release-Nov.-2019

IN THE LAST PART OF MY ARTICLE SERIES – BANK OF GHANA MPC NOVEMBER MEETING – PART 3 – I DISCUSS

— MONETARY INDICATORS,

— BANK ING SECTOR INDICATORS, AND

— STOCK MARKET PERFORMANCE.

AT THE END OF THIS ARTICLE, A CONCLUSION AND OUTLOOK WILL FOLLOW. Continue reading “BANK OF GHANA MPC NOVEMBER MEETING – PART 3”