Heard at a function I was at a professional accounting function recently. When the discussion turned to the youth, some comments were: As for the youth these days, they are something else. It’s like they know nothing. You must teach them basic things. They want to be a CFO at 25. They are unreliable. That […]
Author Archives: George Katako
09
Nov
Nov
SCG Chartered Accountants is an *ACCA Approved Employer. ACCA approved us for the “Gold” category which focuses on trainee development. In this blog, I discuss our rationale for joining the scheme, what it enables us to do and some things we are doing to improve learning and development in the firm. We see our future as […]
02
Mar
Mar
At SCG, we use MindBridge AI, an artificial intelligence and machine learning audit platform that enables auditors to implement data analytics on their audits. MindBridge published a case study on our use of MindBridge in May 2022. This article summarises the article and includes a link to download the full case study. Factors that led […]
13
Feb
Feb
Highlights of assented tax policies from 2023 Budget Statement. The government of Ghana outlined tax policy measures in the 2023 Budget statement. The proposed policy was brought into effect when the Parliament of Ghana assented Value Added Tax (Amendment) (N0 2) Act 2022 (Act 1087) and Electronic Transfer Levy (Amendment) Act 2022 (Act 1089). In […]
07
Nov
Nov
This year we started career discussions in SCG Chartered Accountants. The initial focus is on people at different stages of the certification exams, but we will make it an annual practice across the firm. We have discussed careers with 10 people at various stages of the certification exams. The areas we covered in the discussions […]
06
Sep
Sep
The Government of Ghana went to the IMF and signaled that the economy is struggling. We are in for a prolonged period of economic difficulty. Inflation is high, the cedi is falling, and prices keep going up. Running a business in this environment can be very challenging. So, what can you do to your improve […]
10
Aug
Aug
What’s our purpose? Our purpose is to use our knowledge in our area of expertise to provide solutions to businesses. Work context According to the ACCA, the principal forces driving change in the twenties are digitization, regulation, and stakeholder expectation. Stakeholders expect more business oriented and forward-looking information. At SCG, we accept these forces bring […]
12
Aug
Aug
GHANAIAN ACCOUNTANTS, OUR SMES NEED YOU TO UP YOUR GAME “It is important to get an insight into business in times like these to make the right decisions” – Abdul Kalmoni, CEO of PC Trucks. PC Trucks use XERO, a cloud accounting software. Mr. Kalmoni came to us because he was not getting reliable information […]
02
Jul
Jul
Businesses use financial data to judge how they are doing and decide what to do. But accounting is a chore. So, it is no surprise that more small businesses are using accounting software. We notice that they are implementing the software without expert help. The major reason they give is that expert help is expensive. […]
13
Mar
Mar
In the next 10 years, I and most of my partners will retire from SCG Chartered Accountants. To prepare for that, we’ve started working on succession. A lot of the work revolves around improving our HR process, identifying and placing people on the path to leadership. A part of that process also involves sharing our […]
