Are you thinking about quitting your job? If so, you're not alone. Quitting your job isn't an easy decision, nor is it the only career transition you’re likely to encounter. Having a plan can help you navigate layoffs, job shifts, career pivots and industry changes. Being able to separate the mental preparedness from the [...]
“Quiet Quitting,” is a new term coined after the popularity and discussions regarding the Great Resignation. This describes the behavior of an employee when one no longer has the drive to go the extra mile, refuses to take on additional tasks when the business needs arise, and is simply disconnected after the basic work [...]
Congratulations, we have made it to the final installment of the Common Accounting Terms that you need to know! We hope these terms have been helpful for you and increased your accounting vocabulary. Definitions Continued..... Liability Occurs when an individual or business owes money to another person or organization. Bank loans and credit [...]
We’re back for more accounting terms for you to learn to sharpen your financial vocabulary. Diversification Diversification describes a risk-management strategy that avoids overexposure to a specific industry or asset class. To achieve diversification, people and organizations spread their capital out across multiple types of financial holdings and economic areas. The term is [...]
According to Merriam-Webster.com, Accounting is the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results. People and businesses use accounting to assess their financial health and stability. By knowing the most common industry terms, it can provide a better understanding of the accounting concepts, the accountant’s role, [...]
“Problem-solving becomes a very important part of our makeup as we grow into maturity or move up the corporate ladder." – Zig Ziglar One facet of productivity is being able to solve concerns and issues effectively to mitigate any possible negative impact whether in life or at work. Problem-solving skills allow you to [...]
Being a Financial Analyst entails a wide range of activities – from gathering and analyzing data, making forecasts, and many more. This high-profile role presents data to the company’s executives to show their analysis of historical numbers, projections, and provide recommendations. In this blog, we will dissect the functions and importance of this role. [...]
Successful onboarding is a critical element of a new hire experience. According to a Gallup study, study, only 12% of the respondents feel that their companies have given them a complete and impactful onboarding. Roughly 1 in 10 employees strongly agree that their organization practices successful onboarding. Creating a successful onboarding program entails [...]
“The secret of change is to focus all of your energy not on fighting the old, but on building the new” -Socrates Change is inevitable and the accounting industry, as many other businesses, is not invincible. The accounting industry can be affected by changes in regulations, processes, and most especially, technology. Digital transformation [...]
“Every skill you acquire doubles your odds of success.” —Scott Adams Everyone needs a good accountant. Because [...]
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