So you have chosen a career in accounting? How exciting! When it comes to succeeding in the work and career you have chosen, being able to identify the top skills needed to succeed is extremely important. For example, in your chosen career, being able to identify the top skills will not only increase the satisfaction you get at your job, but it will also allow for you to grow and cultivate your career.
Currently in Malaysia, according to the government, we are having a shortage of chartered accountant. A lot of officials are tirelessly trying to convince the younger generation to take up accountancy to help bring the numbers up. We currently have way too many companies and not enough accountants to help these companies.
Having a high flying career in the finance world is so much more than just coming from a good school or having great grades. There are so many facets to the profession that makes one a great financial expert. Read more
Startups are not the easies to keep afloat. About a third of them will go under within the first 3 years. The reasoning behind this is plentiful as startups are incredibly prone to failing. There are too many things going on when you’re running a startup and failing one or two aspects will just easily destroy your company. However, some of these problems aren’t that hard to overcome. Most of the time it is easily overcome, if they just ask for help from the right type of professionals.
Running a business is not easy and we truly respect owners that have the grit and perseverance to start their own business. Although, sometimes, you might make mistakes that might cost the business if you do not find the best people to fit certain roles that are crucial. Today, we are trying to figure out why we feel you might need to outsource your accounting department to actual professionals that are trained in the profession.
This is a question that might have plagued many business owners. However, with the growing importance of reporting and analytics, it seems that a lot of people do not know the key differences between the two and they often ask what exactly is the difference between them. In this article, we are looking to try to figure out the key differences and what sets them apart and how you can use them to better your business!
If you run your own business, there are already so many things that you need to figure out. This might include things like office rental, business strategies and things like HR policies and the likes of that. The last thing on your mind would probably be having to hire an accountant to clear up the accounts for your company.
In the world of digital advancement and the ease of social media allowing you to grow a business, there are so many new and thriving business out there. It has become such a simple task to set up your own store, start selling and start earning yourself a living. However, with an increase amount of supply, there will be a decrease in demand since everything you could ever want is so easily sourced nowadays with the power of the internet.
So how do you make sure that your small business not only survives, but also thrives? One of the not so popular ways to do this is by keeping a very watchful eye over your reports and processes which are also known as your Standard Operating Procedures (SOPs).
Starting a business is not easy. There are so many things to worry about like hiring, business strategy and the most scary of them all – finances! The finance department is the backbone of the company and is the greatest indicator of all to show you if you are making money or not. Those numbers reported by your finance team should be the main results you look at at the end of every month to see if you’re making money or losing money.