 Category :: Management Articles |
Author :: John Day  |
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| Article Title :: CPAs vs. Non-Certified Accountants - Clearing Up The Confusion |
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| I wish I had a nickel for every time someone asked me what the difference is between CPAs and non-certified accountants. Essentially, non-certified accountants can simply hang up their shingle and open their doors for business. There are no educational requirements. If they want to prepare taxes, most states require a certain number of qualified hours of study plus continuing education hours each year.
By contrast, CPAs have usually majored in accounting in college; sat for CPA exams covering theory, practice, auditing, and law; worked for an established accounting firm for two years; and, acquired five hundred hours of auditing time to earn their certification. In addition, th (read full article) |
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| Category :: Management Articles |
Author :: John Day |
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| Article Title :: Accounting Professionals: Are They Necessary? |
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| Does your business needs an outside accountant?
It all depends. If you require an audited or reviewed financial statement, then, yes, you need a CPA. In any event, it is always a good idea to maintain a relationship with an accountant no matter how small your business. Whether your accountant is a CPA is up to you. The real question is: To what extent do you need outside accounting services? That also depends on you and the nature of your business.
I always start with the admonition: The Buck Stops With You! You cannot afford to dissociate yourself from understanding the meaning of your financial statements. If you solely rely on your accounting staff or accountan (read full article) |
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| Category :: Management Articles |
Author :: John Day |
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| Article Title :: Accounting Police: Do They Exist? |
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| Who created accounting principles? Who sets and revises accounting standards? What if you donÂ’t follow all the rules, do you go to jail? Is there an accounting police force that investigates and arrests violators? It would seem that there must be some regulatory force to make sure that providers of financial statements conform to the rules. There is, up to a point, and here is how it works:
Mainly, itÂ’s all voluntary and it works pretty well. First, double-entry accounting originated in Italy in the 1400Â’s, so its been around awhile. Accounting principles have evolved over the years just as have accounting standards. The reason why the system works is that the busin (read full article) |
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| Category :: Management Articles |
Author :: Dan Foley |
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| Article Title :: Use This Formula To Have Pleasurable And Safe Internet Access |
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| If you are running or plan to run a business, there are
two big things you should consider about your internet
access.
1. The safety of your internet access and,
2. The speed of your internet access
Safety
You need to apply the same care to your internet access as you do the rest of your business. In fact, if poorly done your days can become very frustrating and your business and reputation can become badly tarnished.
Why do I sound so alarmist about this? Because I see so many people take a careless attitude about their internet access and leave their computers open to viruses and Trojan horses. This is a whole major (read full article) |
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| Category :: Management Articles |
Author :: Robert Burko |
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| Article Title :: How To Hire Like The Fortune 500's: A Guide For Small Businesses |
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| A recent iLogos Research study revealed 94% of Fortune 500 companies now hire employees online, a stark contrast from 1998, when only 29% of them were doing the same. If you own or manage a small business, that means the vast majority of your fiercest competitors are now spending less time and less effort on recruitment. And that leaves them with more time to, simply put, get a leg up on you.
Sure, it sounds like a threat. But isnÂ’t lack of technology an inevitable drawback for most small businesses? Absolutely not. Maybe 10, even 5 years ago. But not today.
Every time we do market research with small businesses, we hear three top reasons why the business has no (read full article) |
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| Category :: Management Articles |
Author :: David Duncan |
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| Article Title :: Outsource Medical Billing services- Should a Physician Outsource Medical Billing Services |
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| Should a physician outsource medical billing services?
This is a very difficult decision for any physician and partially boils down to this or her own personal ideology and comfort level. Hospital-based physicians will almost always be better off outsourcing because of the office related expenses that they would not otherwise incur. As the owner of medical billing service you may think I'm naturally biased towards outsourcing. I can assure you that this is not the case. Physicians who are overly controlling, uncomfortable or mis-trusting toward billing services are nearly impossible to administer. I don't want anything to do with those types of physicians but I completely respec (read full article) |
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| Category :: Management Articles |
Author :: Sintilia Miecevole |
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| Article Title :: Many Kinds Of Banks - Many Kinds Of Accounts |
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| Sometimes looking into opening an account or accounts in banks can be confusing. There are so many types of banks and bank accounts! Which banks are right for you to open anaccount in? Which types of accounts do you need to open? Below are some simple explanations of several types of banks and the accounts you can open. One will surely be right for you!
There are many kinds of banks:
1. Savings Banks – these banks can also be called “Thrifts”, and are businesses that are for-profit. Savings Banks take deposits of money, invest that money, and pay the depositor interest out of the money made from those investments. Some Savings Banks give credit to deposi (read full article) |
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| Category :: Management Articles |
Author :: Henry Fong |
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| Article Title :: Are You Correctly Located And Faced For Prosperity? |
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| The title of this article may sound a little strange. What did I mean by located and faced for prosperity?
I must warn that this is not a typical business article. It has nothing to do with marketing, sales, productivity or even the internet.
It is about a branch of Chinese Metaphysics called Feng Shui. Feng Shui, which literally means "Wind Water", is an ancient meta physical science that studies how our surroundings can support us positively or negatively in our pursuit of our endeavors.
Business tycoons in Taiwan, Hong Kong and other parts of the world where there is a significant Chinese minority pay a lot of money to professional Feng Shui practiti (read full article) |
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| Category :: Management Articles |
Author :: Peter Peterka |
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| Article Title :: Handling Statistical Variation In Six Sigma |
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| Six-Sigma provides a methodical, disciplined, quantitative approach to continuous process improvement. Through applying statistical thinking, Six Sigma uncovers the nature of business variation and its affect on waste, operating cost, cycle time, profitability, and customer satisfaction.
The term “six sigma” is defined as a statistical measure of quality, specifically, a level of 3.4 defects per million or 99.99966% high-quality. To put into practice the Six Sigma management philosophy and achieve this high level of quality, an organization implements the Six Sigma methodology. The fundamental objective of the Six Sigma methodology is the implementation of a measurement- (read full article) |
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| Category :: Management Articles |
Author :: Peter Peterka |
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| Article Title :: Statistical Software With Six Sigma |
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| Six Sigma is about numbers. Six Sigma produces a flood of data about your process that are critical to your success. If you don't measure it and understand what you are measuring, you can't manage it. Six Sigma's clear strength is a data-driven analysis and decision-making process — not someone's opinion or gut feeling.
The value of statistical analysis cannot be underestimated. Through an analysis of all of that data, you begin to understand your process and develop methodologies to identify and implement the right solutions to improve your process. Statistical evaluation of the data identifies key areas which can have an adverse effect on product quality if not controlled (read full article) |
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