Tuesday, October 30, 2012

Three Different Accounting Careers to Pursue After Graduation

Some people know exactly what career they are going to have after graduation. There could be many reasons for this: it could be a compulsive calling from childhood, the urge to follow a family legacy in a particular trade, or one may have discovered a great talent in a field and therefore know that they can have a successful career. Certain industries lend themselves to these kinds focused career goals more so than others. For example: working in the creative arts, or being a specialized kind of practitioner like a doctor, lawyer, or engineer.

When we think about accounting, it is not too often we see this as a kind of career that reaches out and compels us. While many people are enrolling in accounting school, it is more likely the case that it is because accounting is solid and respectable career rather than something one is passionate about. This is not to say that accounting is necessarily boring or not challenging, but it can feel like it lacks the enthusiastic dedication that we see in other high-rolling business types.

So what happens if someone successfully completes formal accounting training, and then decides that a life of crunching numbers and mulling over tax statements just isn't for them? Can a degree in accounting lend itself to other careers? The answer is yes, there are a few other professional options for which a background in accounting provides the right transferable skills.

Planning

If one enjoys the planning and problem-solving parts of business, there are several different types of planning jobs in the business world. Financial planning deals with new business models and projects to increase profit or eliminate debt. Insurance planning for individuals or businesses handles setting up plans for emergencies, dependents, and retirements. This is great for someone who does not like the compliance aspect of accounting which deals too much with records and statements.

Compliance

This is the opposite side of planning. Compliance is the area of business that ensures a correct and legal following of codes and regulations, as well as providing the necessary proof in documentation to regulatory boards. If one enjoys the research aspect of accounting, including the mastery of complex codes and regulatory procedures, then technical compliance is a great option.

Risk

This is one of the more exciting areas in accounting courses. It can be an extension of planning but also requires a good knowledge of compliance rules. If one has a mind for experimental models and theoretical projections, then risk management offers a challenging role in a wide variety of financial industries.

Wednesday, October 24, 2012

What Is Going to Be on the Test?

Studying for tests the right way.

How the heck am I supposed to study for this professor's tests?

I feel your pain. Test taking strategies are some of the most important skills to have in college, and most students think they have them. Coming back to multile choice questions you don't know, and eliminating the stupid answers aren't very good test taking skills. In fact, they're obvious idea that every student implements. If you want real test taking strategies, you need to take a step back and consider the overall context of the classes youre in.

Now, most professors give pretty clear expectations about what you're going to be tested on. But some professors keep you guessing, and it is usually because they aren't good at their job. These are the teachers who might even create interesting discussion about topics in class, but then, for some weird reason, test you on arbitrary, loosely related facts. This gets particularly annoying if you are the type to participate and get active in class, because your engaging yourself in the information you aren't texted on.

Here's a straightforward way of analyzing whether you are in a class that will throw you for a loop.

The best college study skill you can implement is taking time to reflect and ask yourself a few key questions after the first test of the semester:

- "Did the questions on the test correlate strongly with what we discussed in class?"
- "Did the teacher's test questions focus on information we only glossed over shortly in class?
- "Is this teacher probably using a "stock", textbook-created test, or did they hand-craft this?"
- "How can I approach my studying differently for the next test to approach it with more success?"

When the teacher has a divide between what is taught in class, and what is on the test, you have a big problem. Not only are you digging a deeper hole for yourself just by attending lecture, but the professor probably doesn't realize the incongruence. If you answered "no" to the first question, or "yes" to the third, then you are probably better off using the textbook as your aid than your professor. In fact, if the teacher is only glossing over (or worse, ignoring completely) information that ends up being on the test, then you are probably best off not even paying much attention during class.

Tuesday, October 23, 2012

Now Is the Time To Move Your Training Online

Today's workplace can be anywhere that has access to the Internet; the days of being chained to a desk in an office are gone thanks to gadgets like laptops, smartphones and tablets, not to mention the fact that almost every household now has online access.

More and more people are taking advantage of technology and working from home or even the local Starbucks (which I've been known to do on occasion). The freedom of connectivity allows us to never be far from vital information. That includes training.

It's hard for some companies to embrace online training, but the proof is in the pudding. Moving your training online provides an advantage not only to employees, but to the organization's bottom line. Instead of hiring expensive facilitators and spending huge amounts on travel and seminar fees, all that's required is a device and a connection.

Here are some scenarios we think you need to consider when it comes to giving your employees access to quality online training:

Online Accessibility Benefits Learners No Matter Where They Are
Online training offers unprecedented convenience and accessibility no matter how many employees you have, and no matter where in the world they are located. Finding online courses that suit your needs eliminates the worry of travel, and schedule constraints when it comes to booking a desired facilitator or instructor. Today, many well-known instructors have made seminars and lectures available online, as well as created specifically tailored courses that include quizzes and other materials that ensure learners are benefiting from those sessions. Online training offers content that is accessible by anyone from virtually anywhere.

A Quick Search Will Unearth Countless Options
No matter what type of training you're looking for, chances are, it's out there. Search engines like Google have become our best friends when it comes to finding just about anything - including online training courses. Both content creators and seekers of training benefit by going online because there are countless individuals out there looking for information about online training.

Online Training Is Less Expensive
In today's economy, sending employees to all-expenses paid training seminars (especially those that don't take place locally) can be a prohibitive expense. Online training, however, mitigates these costs by delivering learning content virtually. Trainers can offer content to employees without being constrained by geography and meeting room size, and employees can continuously learn from the convenience from their location, eliminating all the associated costs.