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Controller General of Accounts

  Controller General of Accounts: Role and Functionality The Controller General of Accounts is an integral part of most countries as it takes care of the reporting of the financial position of the government and their finances in a transparent manner and ensures integrity in public funds in this light the CGA serves as the head accountant of the government while providing crucial information and controls that aid policymakers and public officials to make timely financial decisions. Role and Function of Controller General of Accounts The primary role of the Controller General of Accounts is to provide up-to-date, reliable, and accurate information regarding the government's transactions. Such information will guide direction on transparency, accountability, and good governance among and within government departments and agencies. The CGA develops financial policies and ensures proper management of government finances. The office that is responsible for the CGA's is to...
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Inflection Financial

  How to Establish Financial Objectives that Foster Achievement Over Time Setting excise goals is an important step to achieving financial independence and realizing one’s dreams e.g. purchasing a house or enjoying a happy retirement, as well as providing for the young ones in this article, we will explain in detail how to make a reasonable assessment of financial objectives and the ways in which they can be achieved. 1. Importance of Goal Setting, and Familiarizing Yourself With Financial Goal Setting Monetary goals provide you with direction towards money management efforts: help you save, invest and spend in ways that lead to realizing your long-term vision. In the absence of well-defined goals, financial decisions will be meaningless and you'll probably end up missing chances or even remaining unstable financially goals set a focus, motivate you, and guide informed choices that lead toward success over time. 2. Categories of Financial Objectives Each of the financial ...
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What is Inflation?

  Being aware of inflation and how it impacts personal finance is indispensable. Inflation is a term used to describe the rate of increase of goods and services prices though it may have a taste of exoticizing, inflation is an issue that interfaces with almost every corner of personal finance-from erosions in purchasing power and savers' purchasing power to investments and even the repayment of debt let's explore what inflation is how it affects individual finances and what strategies can help protect and grow wealth during periods of inflation.   What is Inflation? Inflation is the rate at which the average price level of goods and services in an economy increases over some time it also can be said as the measure of how much cost has changed for common items such as food, fuel, or health care using indexes like the Consumer Price Index (CPI) increasing inflation means an increasing money price for each unit of currency, hence less purchasing power. Causes of Inflati...
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