Navigating the Prospective Pathway in Accounting School Online

Accounting is considered an excellent career choice due to its high demand, lucrative salary, and stable job market. Those looking to enter the field have a wide array of degree programs from which to choose, ranging from the traditional classroom setting to more convenient online courses. With the advent of digital technology, a significant number of eager learners are tilting towards online accounting schools. This is largely attributed to the flexibility and accessibility these platforms offer, catering to those juggling between work, family, and schooling. But how do we determine the best online accounting school?

The online accounting school landscape is as competitive as it is varied. And scouring the best one is not always a walk in the park. Several factors come into play, including course flexibility, faculty reputation, accreditation, and the learning tools available.

Finding Excellence in Online Accounting Schools

The ideal online accounting school should offer comprehensive course programs that not only focus on the nuts and bolts of accounting but also incorporate other related business disciplines. This holistic approach creates a well-rounded accountant versed in several areas, including finance, auditing, tax laws, and business administration. That said, it’s not just about the breadth of the course content. The school must also provide an environment conducive for effective online learning. This includes advanced digital learning tools, a flexible schedule, and an easy-to-navigate learning platform.

Among the plethora of learning tools available for students, one of the most valuable, particularly for those studying accountancy, is the fixed asset register software. A fixed asset register software is an accounting tool used to manage and control a company’s tangible and intangible assets. This software plays a crucial role in calculating depreciation, managing tax calculations, and maintaining an accurate record of asset’s value positions.

Gauging the Impact of Faculty Reputation and Accreditation

Another critical consideration when choosing an online accounting school is the faculty’s reputation. A high-quality education often stems from experienced instructors who have practical knowledge in their respective fields. Thus, researching the faculty’s experience and qualifications will give potential students an accurate view of the quality of education they can expect.

Accreditation is another crucial aspect to look out for when selecting an online accounting school. Accreditation ensures that the institution meets specific educational standards set by an authorized body. An accredited school implies a validation of their curriculum, faculty, resources, and administration. Therefore, prospective students should prioritize schools with regional or programmatic accreditation for their full credibility and value for their investment.

Conclusion

Earning an accounting degree online can be a significant milestone on one’s career pathway. It is therefore essential to carefully choose an online school that offers a comprehensive curriculum, employs experienced faculties, and is accredited by a recognized body. Remember, the cornerstone of successful online learning centers on carefully choosing the right platform and using the most appropriate tools, such as the fixed asset register software.

Submitted by: Cristina Sheltonz

Accounting reconciliation is essential for every business as it helps you identify and fix any unusual transactions that might be caused by any accounting errors or fraudulent charges. It is a practice to compare monthly transactions of your company’s financial accounts with monthly statements of the bank accounts or credit cards. Simply put, Singapore monthly accounting reconciliation is crucial to keep one’s business on right track. Let us dive a little deeper into it by understanding the term Bank Reconciliation.

What is Bank Reconciliation?

Bank reconciliation is a process that compares the balance stated in the bank statement with the balance of the company’s accounting records. Cash is the lifeblood of an entity, and thus, one must manage the cash flow robustly. Bank reconciliation process provides a strong control mechanism that helps to bolster the resources by unveiling the misdeeds like unauthorized bank withdrawals, theft, and any illicit activities.

Why is Monthly Accounting Reconciliation Beneficial?

Since reconciliation ensures the accuracy of data, the financial account of every business needs to be reconciled when an accounting period is being closed. Ideally, the businesses choose to reconcile their accounts on a monthly, quarterly and annual basis. However, monthly accounting has been proven to be more beneficial for businesses. The best way to reconcile the accounts on a monthly basis is to get the assistance of an expert from the professional accounting services Singapore.

While an annual accounting method fails to identify the current errors and provide support in real time, monthly accounting reconciliation can figure out on-going errors and fix them at the earliest. Let us leaf through the benefits you get when adopting monthly accounting reconciliation for your company’s account.

3 Advantages of Using Monthly Accounting Reconciliation for Your Business

1. Detect Errors and Prevent Mistakes:

The best way to keep tabs on financial account of your business is to reconcile it on a monthly basis. It helps to figure out the errors, which can occur on either side i.e. bank account or financial account of the company. The monthly accounting reconciliation helps to eliminate the errors and prevent them from occurring again in the future.

2. Prevent Theft and Fraudulence:

If you do not keep track of your account record closely, the fraudulent activities (if taken place) may go unnoticed especially when your account balance is high. However, reconciliation of accounts helps you identify the illicit use of your money very quickly. It enables you to notice the fraudulent charges almost in real time and fix it immediately. Spotting illegal activities early on saves you from future hardships.

3. Bank Fee and Interest Tracking Made Easy:

Each month, the bank adds fee or interest to your account based on their policies and the use of your account. The statement shows all the changes made through the addition of bank fees and interest to your account. If you reconcile your account on a monthly basis, you are more likely to notice and track the new fees and interest. It helps you add or subtract the amounts accordingly in your general ledger. Keeping track of balance on the both accounts accurately becomes easy and hassle free through monthly accounting reconciliation.

In a nutshell, monthly accounting reconciliation enables you to keep your both accounts (bank account and company’s financial account) in good standing. When you are well aware of the status of your company’s account balance, you can better manage your spending and thus, avoid overdrawing the account. It eventually helps you to keep a good credit score in future.

About the Author: SBS Consulting is one of the most trusted accounting firms in Singapore that offers a set of comprehensive accounting services to their clients. The firm is best known for its high-quality accounting services including XBRL filing, Director’s Report, GST, Bookkeeping, and Payroll. Visit:

sbsgroup.com.sg/singapore-accounting-services/

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Alfa One Corporation Accounting Solutions: Top social media scams to avoid in 2016

by

timothygates

Alfa One Corporation Accounting Solutions claims that the personal, especially the financial information of a person are not 100% secured online. Experts reveal that in the past few years, the number of phishing attempts on social networking sites has exploded to more than a hundred percent.

To hide their identity, fraudsters often blend in with the crowd and use social media to target a lot of people. They take advantage of the way people use social media by mimicking users and their activities to deal with business matters. Alfa One Corporation reviewed some studies and found out that the following are the most common scams on social media sites today.

Fake customer service accounts

This deceitful scheme often happens on Twitter. Criminals who reside online can phish the financial and other sensitive data of their victims by creating fake customer service accounts. Their usernames may seem identical to the genuine ones, but note that there are usually some characters that do not match or does not belong to the original one. Look for an extra underscore or other keyboard characters.

One example of this scheme is that when a real customer tweets at a major bank, the fraudsters will divert the conversation by replying to that tweet with an answer that seems authentic. And intercept the tweet with a link to a fake support site that attempts to steal the customer’s actual banking account details.

Fake comments

Well, this could be done by anyone, but scammers have different motifs behind and often done on popular posts. It’s apparent that a well-liked social media post or news story will generate a lot of comments and the scammers will take advantage of that. They will pretend to be an ordinary Facebook user and will comment on posts with links that could catch the interest of many that often leads to a credit card phishing scam.

Fake discounts

Some online discounts are bogus and this scheme is somewhat similar to fake customer service accounts. Scammers will create social media accounts that are identical to real businesses and pretend to offer real deals and discounts, and then steal your personal and financial information.

Fake live-stream videos

Live-streaming appears to be a trend nowadays and a lot of media companies began streaming their shows and movies online. Through this, scammers find a new way to find possible targets and carry out financial phishing scams. For example, they usually offer a link to a free live stream and many people will tend to believe them and not knowingly, becomes a victim of an evil scheme. In this tactic, the link will take you to a fake website and demands you to provide your personal information in order to begin the live-stream.

Fake surveys and contests

Not all online surveys and contests available on the web are real. Scammers can mine and sell your personal data by doing surveys and contests that require you to provide your credentials through personal questions. Scammers use the comment section on social media sites to target as many people as possible with fake online surveys and quizzes that steal personal information. They often embed them into social media posts and often look legit because of URL shorteners and there’s also a normal looking profile picture. Be aware of a comment that goes something like this: “What’s your opinion? We’d like to know! Participate in our research surveys and enter to win prizes!

Alfa One Corporation always strives to give people important warnings about scammers on social media sites. The firm wants you to remember that the only one responsible for your own safety is yourself. Not every post you see on the internet is real, so be cautious all the time.

For over two decades, the financial experts of Alfa One Corporation Accounting Solutions in Tokyo, Japan have provided a one-stop financial-services source in management of business practice, tax and financial planning, accounting, transition, investment counseling and retirement planning consultancy especially for the dental industry in Malaysia, Tokyo and Hong Kong. Since our company started its operations, dentists have relied on our knowhow, expertise, and experience to help them attain their business and personal objectives with excellent results. Our well-trained staff of Certified Public Accountants, Certified Financial Planners, accountants and bookkeepers are ready to provide dentists the assistance they require on a day-to-day arrangement. We aim to enhance all our clients’ financial productivity as well as the quality of life.

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