[FILES] Accounting professionals have charted paths on how to assist companies increase their chances of survival. Photo: BUSINESS
Head, Business Process Solutions, Deloitte Ghana, Kwabena Situ, who spoke on what companies could do when planning the path to recovery, said organisations needed to look at areas of liquidity forecasting. He said it was also important for companies to seek out additional sources of capital, keep their plans and various options constantly under review, work with a flexible plan and advised on how companies could encourage clients to find alternative supplies to meet up the demands.
Oyedele, who is also ACCA Global Council member, noted that as much as the world is physically distancing, it was getting more technologically connected. He said the approach in Nigeria was beyond government, as “it is a collaborative approach. There is a huge gap between our expected revenue and expenditure and so there’s a limit to what the government can do. The government can give waivers.”