The stock market crash of 1929 ushered in an era of economic uncertainty that saw many businesses shutter, banks fail, and life savings evaporate. This economic cataclysm triggered the development of new accounting standards that are still in use today. Here we’ll examine the world’s two primary sets of accounting standards and some related organizations,…
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You’re interested in a healthcare career, but you envision yourself in a management or leadership role rather than a hands-on position. While patient health remains your top priority, you know that leading a team or managing an office, department, or even an entire facility is just as vital to the overall healthcare mission. Many of…
“Culture is simply a shared way of doing something with a passion.” —Brian Chesky, co-founder and CEO of Airbnb Psychologist Ed Schein first coined the phrase “company culture,” defining the concept as a set of common beliefs and habits developed by a group to solve problems and fit in. So how can we build such a…
The headlines are alarming: “America’s power grid at risk of buckling this winter” “The U.S. power grid isn’t ready for climate change” “Nation at risk of winter blackouts as power grid remains under strain” While there is legitimate reason for concern about the viability of our national power grid, there are some glimmers of hope…
Federal government shutdowns. The words are meant to stoke fear in the average American. They represent a concerning but largely avoidable annual tradition of political brinksmanship between the two major U.S. political parties. Threatening a government shutdown is often used as a negotiation tactic to push the political priorities of a single party, who are…
Apple’s logo—an apple with a bite taken from the right side—is synonymous with innovation and imagination. But why? How can simple images like the Apple logo, McDonald’s golden arches, or Nike’s swoosh evoke such powerful emotions? The answer lies in the meticulous work companies put into developing, refining, and protecting their brand identities. So, let’s…
Picture this: The year is 2022. The number of COVID-19 cases is tapering off. Many work-from-home employees are being called back to the office, and intercontinental vacations are on the rise again. It seems like life is finally returning to its pre-pandemic normal. Except, you notice that an alarming number of establishments have one not-so-typical…
Efficient use of the planet’s resources is a way that individuals and industry can contribute to a sustainable future. By focusing our efforts on energy efficiency, we can reduce pollution, preserve our finite natural resources, and save money. Myriad technologies and practices are fueling more responsible energy use for businesses and consumers alike. Let’s review…
When COVID-19 struck in 2020, the world as we knew it was thrown into complete chaos. Suddenly, many of us couldn’t leave our homes to complete simple tasks like grocery shopping or even taking a walk. Countless parents became tutors to their children, who were learning via Zoom calls. And when someone showed symptoms of…
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%…
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