Candidates
Choosing a Financial Advisor: What You Should Know Beforehand
Working with a financial advisor to meet financial goals, grow wealth, and strategize for the future is a smart money management choice. Financial advisors offer a wide range of services, filling specific niches in the industry. However, the title “financial advisor” is not federally regulated. Anyone may call himself a financial advisor without the knowledge…
Read More5 Tips for Succeeding as an Interim Executive
Regardless of the situation, leadership is challenging. However, the role of an interim chief executive officer is challenging. Your role may feel ambiguous since it’s unclear where your authority begins and ends. And recalcitrant team members may challenge your leadership. Stockholders and other executives may expect you to adapt quickly, “make friends and influence enemies”…
Read MoreThe Benefits of Teaching Children Financial Literacy
Financial literacy underpins sound, savvy money management decisions. But financial advisors and accountants don’t have a monopoly on this skill. We must all incorporate wise monetary practices every day. Money management encompasses earning, saving, spending, budgeting, investing strategies, bill paying, and taxes. It’s integral to daily life. Consequently, making young children financially literate establishes their…
Read MoreWhat Is a CFO’s Role?
A chief financial officer (CFO) facilitates an organization’s growth and corporate health. As part of the C-suite, the CFO typically holds the company’s third-highest position and receives the highest pay. In addition to working alongside other members of the C-suite (reporting directly to the CEO), the CFO interacts with the board and other department heads.…
Read MoreWhat Is a CPA and How to Become One
A Certified Public Accountant (CPA) is a skilled professional who has earned state licensure. Not all accounting avenues require you to earn your CPA, but having a state certificate does set you apart in your field. In fact, many employers hire only CPAs. Obtaining your CPA certification further benefits you by: CPAs may also perform…
Read MoreDon’t Be Afraid of Failing: Five Lessons to Learn from Failure
Failure is terrifying. It comes in different forms and under various circumstances. It causes feelings of disillusionment, disappointment, and despair. It feels like defeat. The fear of failure ranks among humanity’s greatest common concerns — in both public and private life. However, we must all face failure sometime. It is a part of life. You…
Read MorePreparing for Tax Day
“Failure to plan is planning to fail.” –Benjamin Franklin In a more humorous vein, Ben also reminded us, “Nothing is certain except death and taxes.” With the certainty of April 15 on the horizon, it’s not too early to start planning. (The IRS will begin processing tax returns as early as January 23, 2023). Most…
Read MoreSetting Financial Goals
The beginning of the new year is an ideal time to revisit your financial goals. Goals, financial or otherwise, set a road map for your future. Of course, working towards your financial goals is sometimes challenging and often takes momentary sacrifice. By definition, however, goals are motivating, spurring you on in your efforts. 5 Tips…
Read MoreHow to Create a Budget
As the year closes, business owners begin planning their budgets for the new year. A business budget is a future-focused, predictive plan providing fiscal structure for your company. Knowing where your money is, where it is going, and where it has been allows you the freedom to run your business more efficiently. A budget helps…
Read MoreAn Overview of Financial Accounting
Accounting is a broad field. However, there is a myriad of varying spheres within accounting. One of these is financial accounting, a specific accounting branch that gathers, prepares, and reports a company’s financial transactions. It involves a series of financial statements shared externally and used to determine an organization’s or company’s financial health. The creation…
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