The pandemic of coronavirus illness (COVID-19) has had extraordinary consequences. The crisis has been tremendously disruptive, difficult, and ambiguous for leaders at the organizational level. Because the crisis is primarily a human one, human resource (HR) leaders play a critical role in allowing businesses to successfully manage through and exit the crisis. HR executives throughout […]
Many of our clients over the years have been manufacturers, makers of the products they sell – cosmetics, automobile parts, aerospace components, etc. Some of those manufacturers, notably in the aerospace field, make products to meet the design specs of their customer, generally on a negotiated cost-plus-markup basis. One of the biggest challenges they encounter […]
Employee performance reviews have a reputation for being one of the most dreaded aspects of professional work, but when done correctly they can be one of the most important tools to building and growing a healthy and successful business. Turn your organization’s performance review anxiety into successful collaboration using the five tips below. 1) Avoid […]
When a company needs to evaluate its financial standing, examine its cash flow, establish the health of its operations, or understand its competitors, it usually looks towards certain accounting offshoots. Small and medium-sized organizations may hire a single specialist accountant, but large corporations and governments may hire an accounting company with various financial divisions to handle […]
In today’s professional environment an ever-increasing number of organizations are newly hiring or transitioning current employees to a remote work setting. As with all employees, your company’s Human Resources (HR) department has an important role to play in creating a remote work experience that is positive for everyone in your organization. Use the five tips […]
If you don’t understand accounting and how to handle your money, the business world can be a difficult place to work in. Understanding the expenses of a product or service, whether you make it or deliver it, is critical to your corporate strategy and sales, growth, and development goals. Cost accounting is a business activity […]
If you’re considering selling your business in the near future, you may have taken notice of the recent news that interest rates are about to start going up, perhaps 3 or 4 times this year alone, after being near zero for several years. You may have asked yourself – or you should have asked yourself – how […]
Remote employees are an essential part of many modern businesses, but staying connected to one’s team while working remotely is no easy task. Employees can feel lost and disconnected from the rest of their team without the proper tools in place. Here is a list of the five essential tools for remote employees: 1. Communication […]
The article will give you an overview of financial accounting basics and provide you with an overview of the broad accounting terminologies that serve as the foundation for your accounting education. What Is Financial Accounting? Accounting is frequently regarded as a sophisticated collection of business rules and an infinite amount of numbers. Accounting is, at […]
Knowing how much you’re spending is an important part of accounting. You’ll never know whether your firm is profitable if you don’t keep track of your spending. Cost accounting comes into play in this situation. Cost accounting is a type of accounting that focuses on the expenses of running a firm. Before you go into cost accounting, […]
