Norfolk Public Schools’ Post

Numbers, ledgers, and financial insights- this #InternationalAccountingDay is about highlighting the wizards of finance! Your efforts do not go unnoticed! 🧙🏻✨ Did you know that Bryant & Stratton College offers an Accounting program that can help you kickstart or advance your career in this field? 📈💰 Learn more here! #AccountingProgram #CareerGoals https://vist.ly/hwbe

Numbers, ledgers, and financial insights- this #InternationalAccountingDay is about highlighting the wizards of finance! Your efforts do not go unnoticed! 🧙🏻✨ Did you know that Bryant & Stratton College offers an Accounting program that can help you kickstart or advance your career in this field? 📈💰 Learn more here! #AccountingProgram #CareerGoals https://vist.ly/hwb6

Numbers, ledgers, and financial insights- this #InternationalAccountingDay is about highlighting the wizards of finance! Your efforts do not go unnoticed! 🧙🏻✨ Did you know that Bryant & Stratton College offers an Accounting program that can help you kickstart or advance your career in this field? 📈💰 Learn more here! #AccountingProgram #CareerGoals https://vist.ly/hwaq

Numbers, ledgers, and financial insights- this #InternationalAccountingDay is about highlighting the wizards of finance! Your efforts do not go unnoticed! 🧙🏻✨ Did you know that Bryant & Stratton College offers an Accounting program that can help you kickstart or advance your career in this field? 📈💰 Learn more here! #AccountingProgram #CareerGoals https://vist.ly/hway

Far too many people have a popular misnomer about the accounting profession: An idea that the field is a monolith and that an accountant can enter any financial specialty. Of course, nothing could be further from the truth. In reality, the #accounting field is chock-full of a vast array of specialties, requiring you to prepare appropriately, meet specific technical requirements, get the right education, and earn the appropriate certification. Three accounting fields—public accounting, corporate finance, and forensic accounting—are among the most popular and sought-after specialties. If you are seeking talent in accounting, or a new role in this industry - connect with a MRINetwork office to discuss further. #globalrecruiting #finance #banking #taxseason https://lnkd.in/eD5qSU5R

Numbers, ledgers, and financial insights- this #InternationalAccountingDay is about highlighting the wizards of finance! Your efforts do not go unnoticed! 🧙🏻✨ Did you know that Bryant & Stratton College offers an Accounting program that can help you kickstart or advance your career in this field? 📈💰 Learn more here! #AccountingProgram #CareerGoals https://vist.ly/hwan

Is the grass really greener outside of public accounting? ⛺ 👀 That’s the question thousands of auditors and tax staff are asking themselves right now. Everyone is always looking for a simple answer that doesn’t exist. But here’s a few answers to the age old question: 👉 The Kool-Aid answer:  Not really, just stay another busy season and you’ll have better exit opps. 👉 The corny answer:  The grass is greener where you water it. 👉 The True answer no one wants to hear:  It Depends 👉 My Short Answer: Yes 👉 My Long Answer: There may be an accounting shortage, but there's no shortage of crappy accounting jobs. That's true across public accounting, industry, government, private practice, you name it. There’s a lot of great jobs too. It all comes down to: ◽ Your values and desired lifestyle ◽ Your appetite for change ◽ Your strengths, weaknesses and personality ◽ Your willingness to start over and fail ◽ Your end goals in life and your career No one can tell you whether the grass is greener, only you can answer that one. 🤷♂️ How do you wrestle with the Grass is Greener question?  —------------------------------------------------------------------------------ 🚀Land your Dream Job in accounting with the No Flux Given playbook at MikeFromAccounting🚀

This news is truly devastating, not only in the accounting milieu but throughout the community. This financial crisis at the Moses Lake School District, caused by a significant accounting error in revenue recognition, highlights a critical issue and its potential to damage credibility and people’s lives. ASC 606 stands for Accounting Standards Codification Topic 606 and the accounting standard for revenue recognition. Although it may seem very technical, the impact of non-compliance can be very devastating. This sad news serves as a reminder that, in addition to being concerned with financial compliance, effective revenue recognition methods are *critical* for building transparency and ensuring that resources are used appropriately. Here's how ASC 606 non-compliance can affect organizations outside of the public sector:  > Can mislead stakeholders and investors > Job security may be impacted when financial mismanagement cascades into cost-cutting measures such as layoffs  > Erodes community trust when organizations fail to maintain transparency and accountability in their financial reporting Practical insights:  > ASC 606 is a framework for revenue recognition; it behooves accountability and prudent resource allocation  > Effective internal controls are essential to prevent expensive mistakes for all accounting teams, and dedicating resources for regular training in accounting standards is essential As crippling as this news may be, let's take this as an opportunity to review our own revenue recognition procedures and make sure we're following the strictest guidelines possible for accuracy and transparency. ASC 606 compliance creates a trust-based environment in which our businesses operate. Bonus: it provides financial stability as well as a clear roadmap of the going concern principle for our business. #ASC606 #TransparentAccounting #accuratereportingmatters