Cooking the books. Creative accounting. Embezzlement. These are phrases commonly used to describe accounting fraud. But what exactly does that phrase mean? Accounting fraud is the deliberate misrepresentation of financial statements to conceal corporate transactions or fabricate a misleading picture of financial stability. A study shared by Thomson Reuters showed that each year, about 41%…
“Knowledge itself is power.” –Francis Bacon, British philosopher and author Reading and writing are foundational skills with which everyone, regardless of their socioeconomic background or future ambitions, must be equipped. Here we’ll look at how literacy is linked to an individual’s socioeconomic status and potential, as well as statistics that support these connections. These Literacy…
Paperless paychecks have been around since the 1970s, allowing employers to electronically transfer wages into employees’ accounts on payday. Direct deposit, or ACH (Automated Clearing House), saves the time and effort of rushing to a brick-and-mortar bank location and waiting in line to deposit a check before the bank closes. It’s an early example of…
When we consider a healthcare professional’s role in the patient experience, we might be inclined to picture a patient-facing individual such as a nurse or a patient care technician. These professionals have an incalculably beneficial effect on patients’ health and well-being. But apart from having the proper skills and disposition required to do their jobs…
All Americans know that our country’s Independence Day, observed annually on July 4th, marks our independence from England. Far fewer understand the second independence day observed by millions of Americans every June 19th. That date marks the liberation of the last remaining African slaves in America, who did not benefit from our Declaration of Independence….
The English language has been the foundation of countless works of art and literature throughout the ages and across the world. Often a work of literature will inspire the creation of a work in another art form, be it sculpture, painting, theater, music, film, architecture, dance, or photography—just one of the fascinating ways art and…
Principals, curriculum directors, and other school administrators each have an integral role to play within the school system, overseeing responsibilities essential to the success of their staff and students. From navigating budget constraints to signing off on the approvals of newly hired employees, if you’re a current or aspiring school administrator, your daily to-do lists…
If you’ve ever lived in Florida or watched news coverage of hurricanes hitting its coastlines, you understand the state’s vulnerability to these storms. In 2004, Florida endured four hurricanes (Charley, Frances, Ivan, and Jeanne) in the span of a little over a month. Hundreds of thousands of residents lost power, with only 17.5% relying on…
From tax evasion to money laundering, when it comes to unraveling financial mysteries, forensic accountants are the unsung superheroes. Combining their investigative and problem-solving skills with their prowess in data analysis, they’re able to solve the seemingly unsolvable. But how do they do it—and what do they do, exactly? Today, we’re doing a little sleuthing…
Robots are taking over the world, but not in the way science fiction writers imagined. Welding robots assemble our cars. ATMs and online banking handle our deposits. And where overworked retail cashiers once asked, “Did you find everything okay?” there now stands self-checkout terminals. Automation has long promised to revolutionize blue-collar work, which is repetitive…