R Accounting is a Reddit forum with a very active and engaged user base, and it is one of the best places to go for help with learning accounting. There are many kinds of threads and people on the site, so navigating it can seem confusing to new users. If you’re new to R Accounting…
AI and Automation in Accounting: The Future is Here
No matter what sector they are in, companies all around the world are finding a use for artificial intelligence (AI) and automation. In fact, a 2021 survey by McKinsey found that 56 percent of respondents had adopted AI for at least one function of their business. One way all companies can use the advanced data…
What is a Multilateral Investment Fund?
A Multilateral Investment Fund, also known as an MIF, is a type of private equity fund controlled by a government organization and managed by a country’s commercial banking industry. They have been around for 50 years and are used to finance infrastructure projects in developing countries. A private equity fund is an investment vehicle that…
Why Ignoring a Unified General Ledger Can Cost You Clients
For many years, business media has hammered home the point that data silos are inefficient and dangerous, creating information barriers and interrupting the potential for collaboration among departments. By now, most of us are well aware that data silos can harm reporting, analytics, accuracy, and automation—but too many businesses are focused on reducing silos in…
Roboadvisors: Friend or Foe?
Algorithmic trading platforms, or roboadvisors, are already managing nearly $1 trillion in wealth across the United States. In 2014 it was predicted that third generation roboadvisors would finally be sophisticated enough to take over for single-family offices. As you can imagine, this has not been the case, since it’s unlikely any algorithmic platform could ever…
5 Ways Controller Accounting Impacts Your Business
Are you struggling to effectively oversee the operations of your business? How about making informed decisions surrounding high-level issues? Both of these issues highlight a need for controller accounting. Controller accounting doesn’t involve the typical functions you find in an accounting department. In fact, the duties of a controller go beyond the basics, invoking thought…
Cryptoing: Why It Is So Difficult for Most People
Is cryptoing a rational activity? Ideally, cryptoing, or trading in crypto currency, should be a rational and structured activity, but investors are often guided by their emotions rather than their rationale. Let’s have a look at the most common investment biases as identified by several university researchers. Behavioral finance is a whole new area of…
Making Tech Investments That Benefit Clients
Allocating a client’s assets into the tech sector is often part of the family office investment strategy. But that’s not the only way your office can invest in technology that benefits clients. You can also do so by upgrading legacy systems with new technology. Top Four Reasons to Invest in New Technology 1. Increase efficiency…
Using the Fear and Greed Index Crypto
A better understanding of the fear and greed index crypto follows from the review of several important studies. According to recent research conducted by Bank of Canada, most crypto retail investors lack adequate financial literacy despite their medium/high income. Therefore, they are unable to conduct proper fundamental financial analysis and they allocate their funds following…
