Articles

Up Your CFO Game: Think Like a Startup CFO

Chief Financial Officers (CFOs) traditionally take responsibility for high-level financial management, but some of the most successful executives have begun to find that adopting an entrepreneurial approach can generate substantial advantages. Taking cues from startup CFOs, who must encourage change and spearhead innovation, may enable executives to make a positive impact, even on businesses that [...]

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    Top Accounting Trends in Today’s Tech World

    In the accounting world, some practices have remained unchanged for years — or since the invention of double-entry recording. This field may experience change relatively slowly, but quickly evolving market trends and the rapid growth of the tech world mean that the accounting field has had to adapt. Take a closer look at seven of [...]

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      Taxes On Gambling Due The Year You Win

      It is natural for people living in the United States to reach for the champagne after a big gambling win. However, celebrations can quickly come to an end when winners realize taxes on the prize they have won are due within the year. Read about the Internal Revenue Service’s (IRS) expectations for gambling winnings. What [...]

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        Fintech: How Technology Is Disrupting the Banking Industry

        Financial technology, or fintech, is a massive industry. It attracted about $4.27 billion in U.S. venture capitalist investments in 2016, according to Solarino Ho of Reuters. Fintech originally described technologies used and applied within the traditional financial sector, according to Bernard Marr of Forbes. However, the definition of fintech has expanded beyond the existing finance [...]

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          US Signs Agreement With The Netherlands To Exchange Tax Information On Multinational Companies

          Multinational corporations have the benefit of operating globally, which allows them to select the best and most profitable bases for all their operations. From establishing worldwide factories to building markets that cater to different countries, the benefits of globalization are seemingly endless for these companies. However, operating a multinational company also comes with complex financial [...]

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            Millennial Business Owners Want More Services from Their Accounting Firms

            Millennial business owners tend to handle their jobs differently from those in previous generations. According to the 2016 BNP Paribas Global Entrepreneur Report, millennials launch an average of eight companies compared to just 3.5 for their older counterparts. They enjoy a profit margin of 35 percent, and their investment volumes have increased 12 percent over [...]

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              FIFA Takes Steps to Reverse $369 Million Loss

              The Fédération Internationale de Football Association (FIFA), the international body governing the sport of European football (soccer), posted significant losses of $369 million in 2016, according to its latest financial records cited by Tariq Panja of Bloomberg. FIFA insisted that many factors, including new accounting policies, fueled these massive losses. Discover what happened and how [...]

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                Audits & Artificial Intelligence

                Ever since the first ATM distributed money to a customer or a machine counted and sorted coins, financial institutions have used technology to advance their systems. Some of these inventions benefit customers by making their experience easier while others save the company time, money, and labor costs. The next big technological advancement for financial companies [...]

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                  US Healthcare: Leading in a World that Emphasizes Patient Experience

                  Patient experience is becoming a key consideration for hospitals in the United States. Improving patient experience often means a greater investment in time and attention up front, yet this meshes neatly with the healthcare industry’s shift toward value-based care. More meticulous healthcare strategies ultimately reduce anxiety, decrease health risks, and lower recidivism. A growing number [...]

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                    Why Non-Profits Are Splitting Executive Leadership Roles

                    In recent years, many non-profits have opted to replace singular executives with a leadership team. This leadership model has the potential to offer myriad benefits, many of which could apply to other types of organizations. Learn why some non-profits have decided to split executive leadership roles and discover the advantages and challenges of this model: [...]

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                      9 Keys to Product Development

                      Developing a successful product and bringing it to market is rarely a task for just one person. Instead, this complex process is a job for a skilled team guided by an experienced project manager. Learn about nine keys to product development in a tech-based world and discover some of the project management elements that are [...]

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                        Using Gantt and PERT to Improve Efficiency

                        While many project managers focus solely on outcomes, the process is often a deciding factor in the success of a project. Outlining the various steps and tasks associated with a complicated project can streamline the overall process and provide a structure for the project. In addition, visualizations can help clarify outcome goals and create more [...]

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                          Management in Crisis: 5 Important Fundamentals

                          The basic principles of business management have changed substantially in recent decades. As internet users increasingly access breaking news via social media channels and other frequently updated online sources, news related to corporate missteps has the power to travel more quickly than ever before. Effectively managing a business in crisis can help improve the success [...]

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                            Why the Real Estate Industry Needs Young Talent

                            The real estate industry is seen by some as outdated. Though the real estate profession isn’t dead, it’s certainly changing. Online listings make it possible for clients to do their own research, while lockboxes with digital access codes allow residential real estate shoppers to access homes on their own. This industry has an aging workforce [...]

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                              The New World of Philanthropy

                              Philanthropy has taken a different turn over the past few years as tech-savvy entrepreneurs who have achieved great success in other ventures look for ways to solve social and economic problems. A number of Silicon Valley millionaires and billionaires have turned their focus to philanthropic giving and support through a unique avenue, which has recently [...]

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                                What We Can Learn About Change Management From a Navy SEAL

                                According to the U.S. Navy, its Sea Air and Land Forces, commonly known as SEALs, are highly skilled individuals trained to deliver very specialized and challenging warfare capabilities beyond those of the average military serviceperson. While their roles are very different from those of businesspeople, Navy SEALs learn many lessons applicable to the corporate sector. [...]

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                                  Mergers & Acquisitions: The Project Management Essentials

                                  Strong project management is crucial for mergers and acquisitions, according to Antonio Nieto-Rodriguez of CIO. A project manager’s skills and the expertise of his or her team can mean the difference between a smooth, successful business integration or a failure. Learn more about the essentials of project management during mergers and acquisitions: Be Selective About [...]

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                                    Instant Donations Through Apple Pay

                                    Charitable organizations rely heavily on donations to sustain operations and continue to reach individuals in need. According to an article from Bright Funds, a philanthropic organization based out of San Francisco, millennials are changing the philanthropic landscape in many ways. Millennials are about to surpass baby boomers in terms of purchasing power and move into [...]

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                                      Attracting and Retaining Talent in Healthcare

                                      If your organization seeks to both attract and retain talent in healthcare, you may need to adopt new strategies.

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                                        How New Marketing and Communications Strategies Help Healthcare Organizations Succeed

                                        Future healthcare leaders can benefit from learning how current and prospective marketing strategies and communication vehicles could help them in their future careers.

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                                          Top Tips to Finish Your Taxes

                                          Consider the following strategies to lower your tax bill and maximize your return this year.

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                                            Tax Managers 4th in Best Jobs List

                                            Reflecting [a recent] trend, the careers site Glassdoor named tax managers fourth in its Best Jobs in America list.

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                                              Accounting Firms at Risk for Cyber Attacks

                                              Learn why accounting firms of all sizes are at high risk for cyber attacks and discover how companies can best prepare for and guard against these breaches.

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                                                Tax Benefits to Finishing Your Higher Education

                                                The financial rewards of higher education go beyond salary.

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                                                  Rising Interest Rates May Be the Key to a Healthier Housing Market

                                                  As the market is now in recovery and the interest rates are rising, many are apprehensive as to how a previously volatile market will react.

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                                                    Startup Success: It All Comes Down to Project Management

                                                    Effective project management can make the difference between a failed startup and a successful and scalable business.

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                                                      Philanthropy is the New Corporate Benefit

                                                      More and more, the workforce is composed of individuals who view philanthropic programs as fundamental to satisfaction with their work.

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                                                        From Accountant to Advisor: The Growth of Accounting from Number Cruncher to Strategist

                                                        The accounting discipline has expanded into new realms that are sometimes not addressed by any traditional job description.

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                                                          Careers in Forensic Accounting: Discovering Roles and Emerging Opportunities

                                                          Explore the types of forensic roles that an online Master of Science in Accounting from New England College.

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                                                            The Pros and Cons of Global Accounting Standards

                                                            The debate on whether to move to a unified set of global accounting standards is ongoing, and the discussion hinges on the proposed plan’s benefits and drawbacks.

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                                                              The Accounting Field in 2017: Identifying Important Trends

                                                              Some of the most important predictions for the field of accounting in 2017 are highlighted here.

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                                                                These Characteristics May Make You a Better Accountant

                                                                As leaders, accountants will be expected to guide a team, teach others about new technology, pay attention to the details, show persistence in the workplace, and ….

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                                                                  Reasons to Pursue a Degree in Accounting Right Now

                                                                  Accounting is a rapidly growing field that has seen a tremendous amount of change in the past few decades…

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                                                                    5 Keys to Change Management

                                                                    Planning for change offers all parties a step-by-step guidebook as to how the changes are going to be implemented.

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                                                                      The Value of Failure

                                                                      The experience of failing is important because it encourages individuals, especially leaders, to work both harder and smarter.

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                                                                        Five Reasons to Pursue a Career in Healthcare Leadership

                                                                        The healthcare industry has excellent job prospects and is expected to enjoy tremendous growth and opportunities.

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                                                                          Why Accountants Must Be Tech Savvy

                                                                          Advances in technology and growth in the availability and accessibility of data gives business leaders visibility into every facet of their organization. Once only available to enterprise-level businesses, modern analytic tools are scalable, user-friendly, and accessible to all who have the knowledge to leverage them. And as these trends continue, financial reporting will demand more [...]

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                                                                            When Ethics Fail: Some of the Worst Accounting Scandals

                                                                            Of the ten worst accounting frauds in the last 15 years, only one or two were discovered as the result of a whistleblower. The majority of the frauds were discovered as the result of more obvious events that brought them to the surface – bankruptcies, suspicious trades that invited SEC investigations, changes in management, and [...]

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                                                                              Ways Big Data Will Change the Future of Auditing

                                                                              The auditing cycle has remained relatively unchanged for the last 80 years. While this stability instills confidence in investors and markets, advances in technology and the availability and accessibility of data, are creating a new landscape for financial reporting that will demand more from its audits. With investors having access to what seems like an [...]

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                                                                                Why You’ll Love Nonprofit Leadership

                                                                                Non-profit leadership involves the application of management skills, problem solving abilities and leadership strategies to day-to-day operations. Working with non-profits offers graduates unique opportunities, like upward mobility, job availability and security, and the ability to perform many roles outside of just one job description. These are just a few of many reasons why future leaders [...]

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                                                                                  Reasons Why NOW is a Great Time to Get a Degree in Project Management

                                                                                  With 15.7 million project management positions expected to be created globally by 2020 according to the Project Management Institute’s Project Management Talent Gap Report, a career in project management can be one of the more recession-proof career paths. Along with the growth in available jobs, there will also be a significant increase in the economic [...]

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                                                                                    Job Spotlight: Internal Auditor

                                                                                      Internal auditing is an absolutely essential role within any company, to ensure that daily operations run smoothly and all laws and regulations are adhered to. As an impartial watchdog, an internal auditor, “audits fiscal statements, expense reports, inventory and pretty much anything else that needs to be impeccable in case of an external audit by [...]

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                                                                                      Finance Accounts to Follow on Twitter

                                                                                      Though you might not think of accounting as a social career, many professionals in the field have developed an engaging social presence. Twitter gives experts from all industries a platform for sharing information in real time, allowing for timely commentary on topics as developments occur. With a mix of news stories, personal opinions, humor, and [...]

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                                                                                        Accounting Isn’t Just for Introverts

                                                                                        The accounting profession is often associated with number crunching and a good deal of deskwork. Many people, therefore, assume that the profession is best suited for introverts. The reality, however, is that about half of accountants are extroverts, according to the Chartered Institute of Management Accountants, clearly indicating  that accounting is a multifaceted occupation that [...]

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                                                                                          The Future of Non-Profit Management

                                                                                          The HR Council for the Non-profit Sector reports that “there are concerns about where future non-profit leaders will come from to fill vacancies” as the previous generation of workers retire from the workforce. They identified this leadership deficit as a significant issue in the sector, particularly with how succession will be handled.   Image   [...]

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                                                                                            Making the Most of Your Online Learning Experience

                                                                                            New England College’s Master of Science in Management degree is available to study online, offering students the flexibility to work at their own pace and schedule. By completing all or part of their degree off campus, students can take advantage of the opportunities that an advanced degree will provide without interrupting their careers.   Image [...]

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                                                                                              Project Management Twitter Accounts to Follow Now

                                                                                              Twitter gives experts from all industries a platform for sharing information in real-time, allowing for timely commentary on topics as developments occur. Users can highlight and expand on a speech being given at an industry conference, or link to a developing news story and discuss possible effects on their area of expertise. A search for [...]

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                                                                                                Project Management Career Path: Your Next Steps

                                                                                                A career in project management has proven to be one of the more recession-proof career paths, as 15.7 million project management positions will be created globally by 2020 according to the Project Management Institute’s Project Management Talent Gap Report. So with unemployment rates in the United States over 12% for those under 29, and 44% [...]

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                                                                                                  Why Non-Profit Management Degrees Matter

                                                                                                  New England College’s Master of Science in Management degree offers students the choice of nine concentrations, each exploring the challenges and opportunities of the business climate in New Hampshire and northern New England. The Non-Profit Leadership concentration “is designed to increase your awareness and acumen in areas of non-profit governance, fundraising, volunteer management, and human [...]

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                                                                                                    Five Project Management Mistakes to Avoid

                                                                                                      A recent study of Fortune 500 companies identified the number one predictor of a project manager’s effectiveness is stakeholder partnership. Securing the buy-in of a project’s stakeholders helps build its foundations, and nurturing those relationships throughout the project’s lifecycle can be the most powerful asset in your toolkit. However, deftly maneuvering these multiple personalities [...]

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                                                                                                      The Future of Accounting

                                                                                                          Source       With an unemployment rate half of the national average at 3% and a growth rate of 13% projected over the next ten years, the future of what many consider to be one of the best jobs in the country continues to look bright. But as LinkedIn Influencer, Tom Hood, [...]

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                                                                                                        Pass Your CPA Exam with a Masters in Accounting

                                                                                                        Pass Your CPA Exam with a Masters in Accounting   Source     A Masters in Accounting is more than just a tool to gain the required credit hours for the CPA exam. An MSA will provide the in-depth knowledge you need to study for and pass the CPA exam. The University of Tennessee recently [...]

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                                                                                                          Online Learning: Tips for Success

                                                                                                          Source   Online classes offer many benefits for students who choose to complete some or all of their coursework outside of a traditional classroom. With lower costs and flexibility to complete work when and where the student wants, online degree programs allow professionals to earn the degree they need to advance their careers.   If [...]

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                                                                                                            Why Nonprofit Accounting Is Different

                                                                                                            Many of the accounting principles and procedures that apply to for-profit businesses also apply to nonprofit organizations. However, nonprofits share several accounting and financial considerations since these organizations do not generate revenue for the benefit of shareholders. Discover several important distinctions that can make nonprofit organizations interesting careers for accounting professionals. Nonprofit Organizations Maintain a Different [...]

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                                                                                                              What You Need to Know About Mergers and Acquisitions

                                                                                                              What types of projects do you expect to work on in your career as an accountant? Your first answer might have to do with corporate tax documentation, shareholder reports, or regulatory compliance. If your thoughts didn’t run to mergers and acquisitions, however, you owe it to yourself to give this area some attention. Here’s a [...]

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                                                                                                                4 Federal Agencies Hiring Accounting Professionals

                                                                                                                According to the U.S. Department of Labor, the federal government is the country’s largest employer, and job opportunities exist for graduates with master’s degrees in accounting. Accounting professionals serve various governmental agencies and departments, including the Congressional Budget Office, the Department of Homeland Security, the Department of Agriculture, and the FBI. Discover four federal government [...]

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                                                                                                                  The Tenets of Financial Reporting

                                                                                                                  Financial reporting represents one of the most critical aspects of business administrative functions. This reporting communicates the firm’s financial health and helps the business keep proper records for investors, the IRS, and other organizations. Although the rules and best practices vary depending on the type and structure of the business, find out what’s involved with financial [...]

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                                                                                                                    The Growth of Auditing

                                                                                                                    In the world of finance, auditing serves a critical role in ensuring data accuracy and maintaining procedural integrity. Over the years, auditing has evolved from a limited basis practice to more widespread adoption. Join us as we review auditing’s history, evolution, and the direction this practice may be headed in the future.   1760-1840 – Industrial [...]

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                                                                                                                      The Evolution of Forensic Accounting

                                                                                                                      What do false earnings reports, unreported debt, inflated asset reports, embezzlement, mis-stated earnings reports, and Ponzi schemes have in common? U.S. companies have perpetrated these examples of accounting fraud during the last 20 years. To fight these crimes that have cost people and corporations billions of dollars, law enforcement agencies and corporations are relying on [...]

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                                                                                                                        4 Trends in Accounting Marketing

                                                                                                                        Effective marketing is key to the growth of any business. In data-driven sectors such as accounting, it can be challenging to find creative ways to convey a compelling message. The good news, according to Maureen Schwartz, Executive Director of BKR International, is that a savvy marketing campaign doesn’t necessarily require a big budget. Schwartz says [...]

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                                                                                                                          Accounting For Your Future

                                                                                                                          Over the last decade, the global economy has changed dramatically:  corporations have been forced to find ways to reduce expenses and raise revenues while law enforcement agencies have had to increase their attention on financial crimes. At the forefront of these changes are accounting professionals. According to the American Institute of CPAs report, 2015 Trends [...]

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                                                                                                                            What Type of Manager Do You Want to Be?

                                                                                                                            Entrepreneur Vivek Wadhwa said, “A key to achieving success is to assemble a strong and stable management team.” Whether you are new to management or you are looking to hone your leadership skills, you recognize that your actions can play an important role in the performance of the business you work for. There are different styles of [...]

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                                                                                                                              Effective Management: 4 Keys to Improved Performance

                                                                                                                              Writing for Forbes, business owner and leadership expert Kathy Caprino sites several reasons behind the proliferation of poor management in today’s organizations, including a lack of emotional control and communication skills. If you want to become a more effective manager, focus on the strategies to improve your performance while being aware of the pitfalls. Consider these [...]

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                                                                                                                                Why is Communication So Important to Management Success?

                                                                                                                                A wise person once said, “Skill in the art of communication is crucial to a leader’s success. He can accomplish nothing unless he can communicate effectively.” While no one is certain who said these words first, they’ve been repeated often because they hold such truth. Discover why communication is so crucial to a leader’s success [...]

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                                                                                                                                  Is Project Management Evolving?

                                                                                                                                  The types of projects that businesses undertake evolve as time passes. For instance, many eventually lean more toward digital products and services than their analog counterparts. According to the Project Management Institute (PMI), programs and projects inspire change, which means the methodologies must evolve along with the results. Understanding how project management evolves can make you [...]

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                                                                                                                                    5 Things You Should Know About Non-Profit Leadership

                                                                                                                                    Whether you have been working in the non-profit sector for years and are striving to obtain a leadership position or you are thinking about making the transition to non-profit, you may wonder what it’s like to lead a non-profit organization. Here are five vital elements of non-profit leadership: Publicity Fundraising Passion Persistence Time Publicity Is [...]

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                                                                                                                                      Leadership in Health Care Administration

                                                                                                                                      Health care administrators face what may be the most difficult challenges in a rapidly evolving marketplace. Those in the C-suite may find themselves facing new advances in technology and changing care delivery paradigms. In addition, shifts in financial organization and the new regulatory and oversight requirements codified in President Barack Obama’s health care law may [...]

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                                                                                                                                        Real Estate Innovation in 2015

                                                                                                                                        Volatility in world financial markets continues to drive uncertainty. CNBC real estate reporter Diana Olick explains that mortgage application volume is up a significant 22 percent over 2014, with increases in both refinance and purchase applications. Purchases of new homes, however, are leading the charge. On the commercial side, TechCrunch contributor Josh Guttman reports that money is [...]

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                                                                                                                                          Marketing and Communications in Health Care

                                                                                                                                          Hospitals and health care systems occupy a distinct place within a community. Not only do they provide health services, but they are also a primary provider of health education and an information and care source when a public or community health crisis occurs. For this reason, marketing and communications functions in a health care setting [...]

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                                                                                                                                            5 Leadership Behaviors to Master

                                                                                                                                            Many executives believe that a happy, engaged workforce is the key to success in business. After all, engaged employees tend to be the people excited about their work and empowered to contribute fully to the success of the organization. To that end, a key role for effective leaders is to create and support a culture of engagement. [...]

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                                                                                                                                              The 5 Important Tenets of Leadership

                                                                                                                                              Leadership takes many forms. When you think about the leaders who have inspired you, you’ll likely come up with a list of people whose leadership styles differ greatly, from Steve Jobs’ quiet tenacity to Richard Branson’s flamboyance. Regardless of style, great leaders share a few key underlying principles in common. Below are five of the most powerful tenets of [...]

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                                                                                                                                                5 Keys to Sound Financial Management

                                                                                                                                                Every organization, in order to remain profitable and in compliance with applicable laws, needs a sound and transparent financial management system. After all, finances are at the core of every enterprise, from purchasing materials and supplies to paying staff, and ultimately, delivering value to stakeholders. If you are responsible for developing a financial management plan, [...]

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                                                                                                                                                  3 Examples of Successful Nonprofit Innovation

                                                                                                                                                  More than 1.5 million nonprofit organizations are registered in the U.S., according to the National Center for Charitable Statistics. Millions more operate around the world, and they may all be competing for the donations of altruistic community members and stakeholders. With so much competition, clever innovations, like the three outlined below, can help nonprofits stand [...]

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                                                                                                                                                    Women in Accounting

                                                                                                                                                    Women have not always enjoyed equality in the workplace, and many people would argue women are still fighting for equality in the office. The accounting industry is no exception. The number of female partners and principals in CPA firms moved to an average of 22 percent in 2015 from 17 percent five years ago — [...]

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                                                                                                                                                      How to Advance Your Accounting Career

                                                                                                                                                      As a new accountant, the world is your oyster. You might become the head of an accounting department, a chief financial officer, or the partner in a respected accounting firm. But how do you get there? Put these tips to use as you work to advance your career in the accounting field. Get More Qualifications [...]

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                                                                                                                                                        Big and Small Accounting Firms: Which One Is Right For You?

                                                                                                                                                        Once you’ve chosen your accounting career, deciding where you want to work is the first step in any job search. Within this career field, you can work at any one of thousands of different companies and firms.

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                                                                                                                                                          All About Forensic Accounting

                                                                                                                                                          When you think about forensics, you probably think about crime scene investigators on TV. However, not all crimes are homicides or home invasions. Some crimes don’t even take place in a physical location. As ones and zeroes in a computer, money moves around quickly and sometimes goes where it doesn’t belong.

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                                                                                                                                                            8 Important Accounting Trends in 2015

                                                                                                                                                            The accounting industry tends to shift every year, just ask any CPA. New laws and regulations often change the way accountants do business, while a shifting market helps the industry evolve — and 2015 is no exception. Technology is fueling many of the current accounting trends, but just as important is the difference in how [...]

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                                                                                                                                                              4 Things You Need to Know About Sustainability Accounting

                                                                                                                                                              Sustainability accounting focuses on collating non-financial business information, such as a company’s environmental impact or social responsibility efforts with a business’ financial data. This allows companies to more accurately balance their financial, social, and environmental contributions.

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                                                                                                                                                                4 Technologies Changing Accounting

                                                                                                                                                                Firms in the accounting industry deal with many client companies and people. When a new technology is introduced, it can result in some serious changes to the way accounting is approached and handled. The technology itself doesn’t have to be adopted by firms in the accounting industry, but many of the best and most effective [...]

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                                                                                                                                                                  10 Principles of Accounting

                                                                                                                                                                  Accounting may look like simple bookkeeping and tax preparation, but look deeper. Ask any accounting student, and they will tell you there is so much more to it. In fact, there are ten different fundamentals that shape all accounting activity, from tax preparation to corporate tax returns. Here is a look at all ten: Revenue [...]

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                                                                                                                                                                    Global Tax Comparison: Where does the U.S. Stand?

                                                                                                                                                                    Image Source: http://www.smartgivers.org They say the only certain things in life are death and taxes. Many Americans feel taxed to death, especially during income tax season. However, compared to other countries, Americans surprisingly do not pay much more than average. In fact, many other countries have policies in place that require their citizens to pay [...]

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                                                                                                                                                                      The Origins of Accounting

                                                                                                                                                                      For as long as our society has had numbers, we’ve had a need for people who can crunch those numbers and make sense of them. The importance of data in general and financial data in particular has spanned decades and continues to play a significant role today. This continues to be seen with the vast [...]

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