Author name: accountancy

Accountancy

Management Accounting

Objectives of Storekeeping

/
The main objectives of storekeeping revolve around the efficient management, control, and safeguarding of materials and inventory. Proper storekeeping ensures smooth operations in production, service delivery, and cost control. Below are the key goals that guide storekeeping functions across all types of organizations. 1. Ensure Availability of Materials Timely Supply: Make sure required materials and supplies are available when needed by different departments. Support Continuous Operations: Prevent production or service interruptions caused by stock shortages.… Read more
Management Accounting

Storekeeping

/
Storekeeping refers to the process of managing, organizing, and maintaining the materials, tools, equipment, and stock items in a store or warehouse. It is a vital function in manufacturing, retail, and service industries, ensuring that inventory is properly recorded, securely stored, and efficiently issued. Effective storekeeping helps reduce waste, prevent theft, and support uninterrupted production and service delivery. 1. Objectives of Storekeeping Ensure Availability: Keep necessary materials and supplies readily available for departments when required.… Read more
Economics, Taxation

The Gig Economy and Taxation: Challenges in Compliance, Policy, and Equity

/
The rise of the gig economy—characterized by short-term, flexible, and platform-mediated work—has transformed labor markets worldwide. From ride-sharing to freelance platforms, millions of workers now operate outside traditional employment structures. While this model offers flexibility and income opportunities, it presents significant challenges for tax authorities, including compliance enforcement, revenue collection, and policy design. This article explores the implications of the gig economy for tax systems, drawing on empirical data, regulatory responses, and policy innovations across jurisdictions.… Read more
Economics, Taxation

Tax Incentives and Economic Development: A Critical Review of Effectiveness and Efficiency

/
Governments worldwide use tax incentives—such as tax holidays, investment credits, and special economic zones (SEZs)—to attract investment, foster innovation, and stimulate economic development. While such incentives are popular tools in fiscal policy, their effectiveness remains widely debated among economists and policymakers. This article critically examines the theoretical rationale, empirical evidence, and case studies on tax incentives, focusing on their economic impact, fiscal cost, and administrative challenges. Theoretical Foundations of Tax Incentives From a neoclassical perspective, investment decisions are driven by after-tax returns.… Read more
Finance

Shadow Banking and Systemic Risk: Analyzing the Hidden Levers of Global Finance

/
The shadow banking system—comprising financial intermediaries operating outside traditional banking regulation—has emerged as a powerful, yet opaque force in global finance. From money market funds and hedge funds to securitization vehicles and peer-to-peer lending platforms, shadow banking entities provide credit, liquidity, and investment products without being subject to the same capital and liquidity requirements as commercial banks. This article critically explores the rise of shadow banking, its role in financial intermediation, and its implications for systemic risk, monetary policy, and regulatory oversight.… Read more
Economics

Inflation Targeting and Monetary Policy: Evaluating Effectiveness in a Post-Pandemic Economy

/
Inflation targeting has long been the cornerstone of modern central banking. Introduced in the early 1990s, it involves setting explicit inflation rate goals—typically around 2%—to anchor expectations and guide monetary policy. However, the post-COVID-19 global economy has exposed the limitations of this framework amid supply shocks, fiscal-monetary coordination challenges, and geopolitical disruptions. This article critically assesses inflation targeting as a policy regime, drawing on empirical evidence, theoretical models, and central bank case studies.… Read more
Accounting, Financial Accounting

Cryptocurrency and Financial Reporting: Challenges in Accounting for Digital Assets

/
As cryptocurrency adoption accelerates across industries and investment portfolios, the accounting profession faces the complex task of properly recognizing, measuring, and disclosing digital assets. With no globally harmonized standard for crypto accounting, firms must navigate a fragmented landscape of interpretations, risking inconsistencies in financial reporting. This article critically evaluates the current state of cryptocurrency accounting, reviews regulatory proposals, and analyzes the implications for auditors, investors, and standard-setting bodies. Accounting Classification: Asset or Currency?… Read more
Economics, Taxation

Green Taxation and Environmental Economics: Evaluating Carbon Pricing Mechanisms in Global Policy

/
In the context of escalating climate crises and international sustainability goals, green taxation has emerged as a pivotal tool in aligning economic incentives with environmental outcomes. Central to this development is carbon pricing—through carbon taxes or cap-and-trade systems—as a policy mechanism to internalize the negative externalities of greenhouse gas (GHG) emissions. This article critically examines the theoretical foundations, empirical effectiveness, and global variations in carbon pricing systems while highlighting recent case studies and policy outcomes.… Read more
Economics

Transfer Pricing in the Digital Economy: Navigating OECD Guidelines and Corporate Strategies

/
As multinational enterprises (MNEs) increasingly operate in a digitized and borderless economy, traditional models of transfer pricing face growing scrutiny. The allocation of profits among tax jurisdictions has become a contentious issue, prompting regulatory responses from the Organisation for Economic Co-operation and Development (OECD) and reshaping corporate tax planning. This article provides a comprehensive analysis of transfer pricing challenges in the digital age, evaluating OECD reforms, corporate strategies, and real-world implications using data-driven insights.… Read more
Auditing

Digital Transformation in Auditing: Opportunities, Challenges, and the Future of Assurance

/
The auditing profession is undergoing a significant shift due to the rapid advancement of digital technologies. This transformation is being driven by the adoption of artificial intelligence (AI), blockchain, data analytics, and robotic process automation (RPA). These tools are revolutionizing how auditors conduct their work and how stakeholders view the value of assurance services. This article explores the theoretical underpinnings of digital auditing, analyzes empirical data on technology adoption, and evaluates the implications for audit quality and professional ethics.… Read more
Scroll to Top