NYC Tutoring Rates - Tips on Finding the Best Tutoring Services

NYC Tutoring Rates - Tips on Finding the Best Tutoring ServicesIf you are looking for great NYC tutoring services for your child, you may want to check out the prices for these services. There are many resources on the internet to help you compare NYC tutoring rates.If you already have a child who needs tutoring, but are concerned about the cost, it may be worth considering pre-payment plans for your child. This is a great option for busy parents. For a one time fee, you can pay to have your child get tutoring from a qualified NYC tutor for an entire term. While the fee may seem like a lot, it's very affordable and gives you peace of mind.When you do pre-pay, you may also want to see what tutoring services are available. The best thing you can do is compare a number of NYC tutoring services and the prices. You want to make sure that you are getting value for your money. Once you have made your decision, make sure to read the contracts thoroughly to make sure that you know exactly wha t you are agreeing to.Once you have figured out what tutoring services are best for your child, you may want to start looking at different NYC tutoring rates. Start by looking at different types of fees. One example is if you choose to pay by the hour, how many hours would you be charged?Another factor you will want to consider is if the tutoring service that you are considering offers tutoring for various NYC subjects. When you are looking for a NYC tutor for your child, it's important to make sure that the tutoring services offer a wide variety of subjects.One thing to keep in mind when looking at NYC tutoring rates is that the services will vary. Some tutoring services charge more than others. If you want to save money, you should make sure that you shop around.While there is no rule that says you need to pay the highest NYC tutoring rates, it can be a good idea to look at the amount of tuition you will pay per term. There are some tutoring services that charge a lot per hour, wh ile others charge more for the same subject. Make sure that you are not being overcharged for your NYC tutoring service.The most important thing you can do when looking for NYC tutoring services is to make sure that you are getting the best service possible. Make sure that you are comparing a number of NYC tutoring services so that you can compare prices. After all, you don't want to pay the highest NYC tutoring rates just because you are paying for the best service.

My Resume Sucks. Now What

My Resume Sucks. Now What Photo by onebuckresume via Flickr Now what? It can get discouraging, scanning through the extensive experience sections of your peers LinkedIn profiles while finding it hard to even complete whole sections of your own, but you are not alone (at least, thats what I tell myself). Actually, even though it may not seem like you’re in the same boat as everyone else, the majority of the student population do not have much to put on their resumes at first. Everyone needed a first internship at one point and it is not an uncommon occurrence for kids our age to apply with minimal job experience. Once soaked with a cold hard drowning of reality, I knew I had to jazz up my resume, but for real. I didn’t want to lie or exaggerate jobs that I’d done. I knew I needed to do something to boost my marketability if I was going to even be considered for any of the internships I wanted. If you’re worried that you’ll be left in the dust because of a weak resume, here are some tips on how to improve it and how to make yourself a better applicant for the job you want. 1. Get Involved.  This may sound awful, but I found myself writing a little white lie here a little white lie there to have something to put on my resume because I had zero to write that was true.  If youre nervous that you don’t have enough experience to apply at some of the places you want, then get experience.   I joined two school organizations this semester and I couldn’t be happier.   The extra responsibility makes me feel more accomplished at the end of the week, and if I can’t make it to a meeting once a week, what am I good for honestly? A commitment and effort towards a project that you weren’t obligated to do shows a possible employer you have responsibility and a passion for something other than just going through life motions.   I’ve met new people, people whom I might not never have crossed paths with if I had not joined these clubs and it turns out I’ve made some pretty great connections for possible internships this summer. 2. Weed Out the Fibs.    If you do end up getting a job or internship that is a little over your head because of a lie, your real skill level will come out within the first week most likely.   If you put under skills that youre an expert at photoshop, it’ll seem a little fishy when a project takes you ten times longer than its suppose to.   Employers will quickly see your real experience and you will come off as extremely unprofessional. Rather than lie, think about the skills you have, not the skills you need to be considered qualified. You may not have an ‘in-depth’ knowledge of Microsoft Office, but can you use it?   That’s a skill. 3. Do Something. Learn a Skill. From starting to sew to learning a new language, the more skills you have, the more versatile, marketable, and interesting you are. Not to mention, it makes you feel good.   Learning something new helps people to relieve stress and express themselves. Pick up a hobby, something that can help you pass time and learn about yourself. Start to paint or draw, learn  to cook Asian food, dabble into authentic Mexican cuisine.   Even if it doesn’t fit on your resume, chances are it’ll come up in conversation during an interview and employers like to hear that their potential employees are interesting and creative in other areas of their lives. Its never too late to add on to your resume. You have all the tools you need to succeed, but the extra effort is what makes all the difference.

Dare 2 Make A Change

Dare 2 Make A Change Dare 2 Make A Change Dare 2 Make a Change is a global education movement empowering a new generation of female leaders. Dare 2 Make a Changesmission is to provide a loving home and a life-changing education to abused, neglected and underprivileged girls, empowering them to create positive change in their lives and communities. To fulfill this mission, we have developed an experiential teaching approach that brings learning to life for our students who live in our enriching and caring campus environment. Our programs include leadership training and stress the importance of sustainable solutions and community service in addition to the basics of education and the arts. Our work is inspired by a need to change deeply embedded cultural practices that suppress the rights of women and girls. 20.9 million people are bought and sold every year. 98% are women and girls. Join us in building a network of Dare 2 Make a Change Campuses around the world to give girls and women a voice. Our unique curriculum is practical and inclusive of local culture, but also places great emphasis on global perspectives, the development of sustainable solutions, and leadership training. We inspire our girls to become social impact leaders by encouraging them to ask questions, explore possibilities and create unique solutions to local and global problems. What is a Dare Campus? Education (kindergarten high school) Housing in their own cultural environment College scholarships with partnered universities worldwide Medical attention A safe environment Leadership training

Introduction to Hybridization of Atomic Orbits

Introduction to Hybridization of Atomic OrbitsEven though the interrelationship between molecular orbital systems and atomic orbitals is not yet completely understood, it is clear that molecular orbital structures as well as atomic orbitals will form a major part of a course that deals with organic chemistry. That is one of the advantages of teaching the theory of organic chemistry at a college or university.The study of organic chemistry would be incomplete without an understanding of the methods by which it is performed. In particular, students would do well to understand the role played by hybridization of atomic orbitals, and how it provides insight into various aspects of organic chemistry.When you think about it, the chemical bond can be thought of as the result of a rearrangement of molecular orbital symmetry. Specifically, the bond is considered to occur when two atomic orbitals are bonded to each other. In other words, one atomic orbital is replaced by another.However, one m istake that may be made is to think that the mechanical bond, in the form of hydrogen bonding, is always present. In fact, other bonding structures are frequently seen.While it is true that a molecular orbital structure can result from hybridization of atomic orbitals, one important point should be noted. The bonding, which results from the hybridization of orbitals, is an atomic orbital structure that is a chemical bond, but one that has been replaced by a molecular orbital structure.This is an important aspect of this theory, and it has a fundamental difference from the traditional concepts of molecular orbital structure. One major example of this is the fact that the molecular orbital plane is not a circle, but instead an ellipse.Hybridization allows molecular orbitals to be replaced by molecular orbital structures, which can be seen to be different in many ways. Thus, the use of the terms 'atomic orbital'molecular orbital' are appropriate when referring to this theory, as they d escribe the same process.

What Is Fut Chemistry Style?

What Is Fut Chemistry Style?Fut chemistry style was created by an advertising agency to highlight their clients' products. This method of marketing uses photography to explain their product or service. It is also used as a method of advertising the business and the way it conducts business.In this type of advertising, the photographer will take photos of customers and offer them for sale, whether through their website or in print media. The photographer will then offer up the photo for sale. This is used to draw attention to the product and the services offered.This has been around for some time, but until recently there was no method to share photos online. Using this method has made it possible for businesses to market their brand with photos. It has also increased the ability for online businesses to market to their target audience online.Each photo will be creatively edited and post-processed to show only the most useful information. Each photo can be used to provide details on h ow the product or service works, its benefits, and how it benefits the customer.Online photo sharing is not a new thing. Some companies have been using this strategy for years to promote products and services. It allows businesses to save time and resources, so they can focus on marketing their business and increasing profits.Photographers are not only paid to take photos, but to post photos on an online service. In the past, the images were often cropped to remove information and not printed. But these days, anyone with an Internet connection can use their computer to edit photos on their own website.Photos can be uploaded directly onto online image boards. They can be uploaded into individual websites, blog sites, or forums. The advantage of using this method is that it makes it easy for companies to advertise their products and services.

Top 10 Tips To Help With Math Homework

Top 10 Tips To Help With Math Homework One of the hardest scholastic subjects to get through is math. With few exceptions, there are people that can’t figure out the numbers or the formulas, and that can be a rough patch for academics. Children especially have difficult mastering the numbers, and can end up feeling helpless when they can’t seem to make things go their way. When it comes to working with numbers, it’s important to look into math homework help to assist with the issue. With a little bit of help, even online math tutor options, things can be turned around for the brighter. This is all a matter of understanding where a child’s coming from and where the true nature of their problems start. Consider the following tips in regard to helping them with math, and you’ll find that they can turn things around in due time. Directions Matter The first thing that you’ll have to look into, regardless of whether you are tutoring or not, is the directions. Every math concept has specific instructions. There are rarely any “exceptions” to the notion of numbers. The formulas and processes that make up the curriculum in this world are directly implemented through rules. Going over the rules with a fine tooth comb can help. Teaming Up With Others When in doubt, a child that is not getting movement forward with math needs a buddy. The buddy system can work within the context of school because they can help each other. One good student can be paired up with an average one and the two can improve on a lot of areas together. This is a great solution that has been proven successful with  New York Math Tutors and more. Read more 7 Benefits Of Online Tutoring Smart Way Of Teaching And Learning Finding a Good Starting Point One of the most important aspects of math is in regards to the starting point. Finding a good place to start is always important. Finding out how far behind an individual is, can be crucial. No online math tutor is going to be able to assist without fully understanding where a student is at. That means asking questions as to how far along they are and where they are having trouble in a specific format. Find Your Niche In Online Tutoring And Go Ahead Changing The Notes Many times students assume that note taking can only be done in one style. That’s not true at all. With math, note taking can turn into a very personalized manner. For students that are figuring out their work, it’s important to ensure that proper notes are taken, but not in any “formula”. Instead, allowing a student to take notes in a way that they will be able to go back and remember is crucial here. Using Familiar Examples One of the best ways to invigorate math problem solving is to use the examples shown in the classroom. Often times the best way to grasp a concept is to repeat it often. That’s why teachers go over several methodologies in class. When at home, doing homework, to further grasp the concepts, go over the specific examples from the classroom to revitalize the memory and continue on the path of learning math the proper way. Using Illustrations For Math Concepts Many children find that the best way to get a bit of tutoring is through illustrations. Many individuals are visual learners, and math lends itself quite well to this. Finding a way to draw an example with an illustrative language and visual design can help a child learn more about math and the right elements they need to put into place to get the answers. This is a tough concept to grasp at first, but in practice, it works miracles. Consider Problem Solving Steps for math homework When working with math, often times it’s best to follow a tutorial format. That means asking questions as to what the next step is, and then painstakingly going forward with the same rhetoric. Often time’s children are left to learn without any sort of assistance. With involvement and proper questions being asked, it can be a simple matter of moving forward here. Ask what comes next after every initial step and a child will eventually pick up even the hardest of concepts in regards to arithmetic. Getting A Tutor for math homework Teachers today are stretched farther than ever before. They have to deal with a wide variety of students, and individual attention is proven difficult. That’s where a good online math tutor can come in hand. There are several options that you can pursue. Many are available 24 hours a day, 7 days a week and can help with any type of problems. You can use real time video and audio with many teachers using chalkboards and images to help illustrate match concepts. With just a little bit of help, a student can learn alongside the rest of the class. Card Never Do It For Them One of the biggest issues that parents have in regards to helping their children with math is in regards to doing it for them. It’s tempting to give a child the answers. Frustration can set in, they can end up feeling lost, and parents will want to come in and rescue them. It’s important to go through the homework slowly, and steadily. If they want to give up, parents shouldn’t jump to the answer. Instead, they should work things out with them, even to the point of doing the problems alongside them and speaking out loud the steps. Repetition is the key here. Delighting In math homework Perhaps the most crucial thing that a parent can do to help their children learn math, is to not speak negatively about it. Even if one is not good at the problem solving or formulas, tutors can be called in. A good online math tutor can help teach concepts, and improve attitudes towards math. Math doesn’t need to be scary or spoke of in a negative light. It’s important to pursue helping students slowly, methodically and with patience. Done right, they can end up with a positive experience and continue on to learn even harder concepts in the world of math. Online Tutoring in New York is great fun with instant solutions for homework assignments and test prep. We are mobile friendly with easy access to tabs, I pads, laptops and desktops. 24/7 availability with flexible timings at affordable rates is what we offer to every needy student. Grab the opportunity and get the most from us. At the end of the day, a math tutor can help, but parents also have a huge role to play in education. Helping children with math can be a great way to improve their overall self-esteem and educational pursuits down the line.

Statistics Practice Problems

Statistics Practice Problems How to Pass your Statistics Exam ChaptersBasic Statistics ComputationsQuestion 1: Build a Box Plot Based off of the Following Stem and Leaf PlotQuestion 2: How to Calculate and Interpret the Correlation CoefficientQuestion 3: How to Interpret Statistical TestsGet Extra Statistics HelpWhether you’re studying for AP Statistics, A-level exams, or just need some extra help with your coursework, these practice problems will give you the extra help you need. While statistical methods of analysis and statistical modeling are often linked directly with data analysis, it is important to understand the arithmetic at the root of these analytic methods.While most software packages, like SPSS and Stata require little to no computation on behalf of the statistician, it is important to know how these software work. At the root of most of your statistical analysis is a branch of mathematics called Bayesian statistics. It is not likely that you will have to deal with Baye’s theorem after your first introductory statistics course , but it is important to always remember the implications of it on what’s known as Bayesian inference.In statistics, you use inference to be able to predict the likelihood of specific events based on previous, observational data.Baye’s theorem uses probability to describe the likelihood of an event happening given previous information of that same event occurring, also called a prior. For example, if you would like to calculate the probability that the ice cream truck in your neighborhood will come to day, given that it is a sunny day, you can use previous, empirical data to estimate how likely it is that you will get your cone today.The definition of Bayesian inference, then, is deducing the likelihood of an event from a population distribution using Baye’s theorem. This is the basis of many statistics problems and tests you will encounter, and it is important to remember because many times you will not see it explicitly. This guide will offer three sections of examples that jump off from this theory, each section building on this theory. AisvaryaData Analysis Teacher 5.00 (4) £25/h1st lesson free!Discover all our tutors AdeyemiData Analysis Teacher 5.00 (4) £25/h1st lesson free!Discover all our tutors AdenikeData Analysis Teacher 5.00 (4) £25/h1st lesson free!Discover all our tutors GokhanData Analysis Teacher 5.00 (4) £30/h1st lesson free!Discover all our tutors OlawaleData Analysis Teacher £12/h1st lesson free!Discover all our tutors ThanushanData Analysis Teacher 5.00 (4) £25/h1st lesson free!Discover all our tutors AisvaranData Analysis Teacher 5.00 (4) £25/h1st lesson free!Discover all our tutors Muhammad umairData Analysis Teacher 5.00 (2) £100/h1st lesson free!Discover all our tutorsBasic Statistics ComputationsIn order to do the practice problems in this section, it is important to understand elementary statistics. Most likely, you have taken an introduction to probability and understand the importance of conditional probability in building even the most simple exploratory data analysis. Statistics and probability go hand and hand, which is why it’s important to understand before practicing these problems.The definitions and skills you need to understand to work out the problems in this section include:Central Limit TheoryCentral TendencyStandard Normal DistributionSample Mean, Median and ModeQuestion 1: Build a Box Plot Based off of the Following Stem and Leaf PlotBoth the box plot and the stem and leaf diagrams are different ways of displaying the distribution of a particular variable in your data. The difference is that a box plot displays how your data is distributed based on a normal distribution. In order to be able to build the box plot, is important to understand what each point on the plot represents.The median is middle, where 1, 2, 3, and 4 represent the four different quartiles of your data. Meaning, if we take the first quartile, this means that 25% of your data lie in this region. At quartil e 3, this means that 75% of your data lie at that point and below. Quartile 0 represents the minimum and quartile 4 represents the maximum. This is then compared to a normal distribution:A recurring feature in statistics, understanding a normal distribution is keyLooking at the picture above, we can see that about 50% of our data will fall between Q1 and Q3. Below Q1 or above Q3, only about 25% of our data lies. Beyond the minimum and maximum, these data points are considered outliers. An outlier is a data point that is not normal in relation to the sample population. Understanding this information, we can calculate that given this stem and leaf plot:Stem-and-leaf plots can often be a great way to understand dataOur box-plot that looks like:Master your box-plot interpretation skills AisvaryaData Analysis Teacher 5.00 (4) £25/h1st lesson free!Discover all our tutors AdeyemiData Analysis Teacher 5.00 (4) £25/h1st lesson free!Discover all our tutors AdenikeData Analysis Teacher 5. 00 (4) £25/h1st lesson free!Discover all our tutors GokhanData Analysis Teacher 5.00 (4) £30/h1st lesson free!Discover all our tutors OlawaleData Analysis Teacher £12/h1st lesson free!Discover all our tutors ThanushanData Analysis Teacher 5.00 (4) £25/h1st lesson free!Discover all our tutors AisvaranData Analysis Teacher 5.00 (4) £25/h1st lesson free!Discover all our tutors Muhammad umairData Analysis Teacher 5.00 (2) £100/h1st lesson free!Discover all our tutorsQuestion 2: How to Calculate and Interpret the Correlation CoefficientBuilding on the last section, it is important to understand how particular variables within your data set relate to one another. This is especially useful because regardless of the types of data you will come across, you will be able to apply these tools regardless of what kinds of statistical concepts you are using. One important table that you will encounter is a correlation and covariance table between the variables in your dataset.Whereas the definition of correlation is the strength of the relationship between two variables, the covariance refers to how these two variables vary together. The objective of these numbers is to be able to measure how closely each variable relates to one another.For example, if you have a dataset relating to healthy children in middle school, height and weight will most likely have a high correlation. On the other hand, variables like height and favorite color probably won't have a high correlation. Under regression models, the computation and interpretation of the correlation coefficient is extremely important.The most common table looks like this, and is called a Product Pearson Correlation Table:Correlation tables can be straightforward when you master how to interpret and analyze themThe numbers in the table represent the correlation coefficient, which is a  measure  of how strong the relationship is between the variables in the table. In order to calculate the correlation coefficient, the only factors you need are the sample standard deviation and the sample covariance.The standard deviation is the measure of how far your data is spread around the mean, not to be confused with the standard error, which is how far your data is spread around the mean based not around your sample data but off of the actual population.The covariance, on the other hand, is the measure of how two variables vary together, which is very dependent on your sample data. The covariance should not be confused with the variance, which only measures how one variable varies inside of a data set.The correlation coefficient interpretation follows three basic rules. The first is that the numbers along the diagonal should always be one. The diagonal represents the correlation between the the variable with itself, which should always be 1, or 100%. For example, when the correlation between the variable favorite color and the same variable is 100%.The second rule is that higher above 50% correlation s hould be considered a high correlation, while below 50% should be considered a weak correlation. In this example, while favorite color has only 4% correlation with weight, weight and height have a strong correlation of almost 90%.The third rule is, while correlations below 50% are normally considered weak, it doesn't mean they cannot be of interest to you. In this example, favorite color has a 57% correlation with gender. While this isn't too strong of a correlation relative to the table, it does signal towards differences in gender that might be worth while to investigate further.Question 3: How to Interpret Statistical TestsStatistics, as you may have noticed, relies heavily on the information you have already learned. Therefore, it is important to master the basics of statistics before you can begin to understand and practice statistical tests.The interpretation of statistical tests will be different depending on which test you are performing. The two most common tests you will l earn at the beginning of your statistics career are:Chi Square TestT-TestBoth tests involve hypothesis testing, which utilizes statistics to test whether variables within the data are related or not. A t-test compares the means of two variables and gives you insight on how these two variables are related.  For example, when comparing between a new drug and a placebo, the health scores of two groups of patients can be analyzed using a t-test.A chi-square test, on the other hand, can either be used to determine whether the distribution of the sample data matches to a population, or whether two variables in a contingency table are related to one another.The first test is called a chi-square goodness of fit test, while the other is called a chi-square test for independence. An example of a chi-square test for independence can be found when trying to see whether level of educated is related to marital status by comparing them withing a contingency table.If you're confused about what test to perform for your set of data, check this guide out!Get Extra Statistics HelpLuckily, there are many resources that can provide helpful tips and tutorials if you are struggling with statistics. These range from a wide variety of online platforms, such as Superprof and Khan Academy, to textbooks and other reading material. One great source for getting extra statistics help online is Wolfram Math and Statistics How To. Both online platforms not only lay out the mathematical components of statistical concepts, but also explain them in thorough detail.If you need further explanations, heading over to Youtube can be a life-saver. If you're looking for helpful video tutorials, it is often best to search the keywords of the statistics terms you are struggling with and browse to see which video has the best material. If you'd prefer for someone to explain it to you in person, in-person tutoring is a great option. The best way to take advantage of this is to not be afraid to ask your prof essor for some extra help. Everybody learns at a different pace and in different ways, so it is important to keep that in mind as you continue on through your statistics journey.

What is Financial Accounting

What is Financial Accounting Explaining Financial Accounting ChaptersUK GAAPA Breakdown of Financial AccountingWhere the Financial Accountant Comes InRequired Knowledge and SkillsEvery year, come tax time, we become painfully aware of the need to account: for our earnings and assets, our gains and losses and, of course, taxes on our property.For businesses, that accounting takes place year-round: shareholders, investors and the government all have an interest in the financial health of the company.Unlike our individual tax claim process which happens once per year, every three months â€" or quarterly, reports are published detailing businesses’ financial profile.Note that, even though we might need a certified public accountant once per year, even companies that only report to stockholders every six months need financial and managerial accountants year-round because the numbers continue to tally on a daily basis.Those reports are not generated by magic or by an algorithm. There are very real people crunching numbers every day to render the m ost accurate financial statements possible for reporting.Those people are financial accountants. They are the invisible monitors of a business’ financial status.Your Superprof now takes you behind the abacus, to lay bare the accounting process, accounting procedures and accounting system someone with an accounting degree might labour under.Please note that accountants have long moved away from abaci and most have even abandoned calculators in favour of the spreadsheet but the visual is right on point, isn’t it?Are you taking accounting courses? Studying accounting concepts and learning accounting theory?Whether you are preparing for your CPA exam or only just learning about debits and credits as an undergraduate, this article is for you.public security in investment. To that end, it acts as an independent regulator that promotes quality corporate governance and reporting.Interestingly enough, this council is funded by the businesses whose financial regulation it oversees!Still, there is government oversight in standards setting practices.The Companies Act of 2006 sets out minimum reporting requirements. They may require some companies to file their accounts with the Registrar of Companies, another government body that will, in turn, make company reports available to the general public.Conversely, they may encourage companies with international dealings to make their financial disclosures in accordance with the International Financial Reporting Standards.This all sounds very convoluted but the bottom line is that the UK GAAP dictates to businesses in the UK how accounts must be prepared, and these principles work in accordance with the Companies Act of 2006.Find out if management accountants are held to the same rules...A Breakdown of Financial AccountingKeeping these standards and regulations in mind, financial accountants have one of two methods with which to perform their functions, or they may use a combination of both methods.The accrual method means t o record transactions as they occur, even if that requires projecting their completion.Let’s say someone buys something on credit. The revenue from that sale is only projected; the company will not see actual compensation until the payment is made, even if that payment is made in increments, over time.However, the transaction is treated as though it were complete for the purpose of bookkeeping because it gives a more accurate picture of the company’s financial condition at the time of that transaction.Larger companies whose revenue is derived from long-term payments would be severely impacted if they reported on their exact finances at any given period of time.Now we suppose a company, involved in a long-term project, only sees a trickle of income in each month.However, their production expenses â€" materials, personnel and operating costs, continue on as normal.That would reflect a dire financial statement indeed!That is why the accounting cycle â€" the name given to the proces s of recording accounting events, is so fundamental: making entries in the general ledger and maintaining the trial balance...By recording each transaction as complete at the time it is done, as opposed to cataloguing individual payments that might not offset operating costs, financial accountants give a clearer picture of the company’s financial standing.This method of revenue recognition is much more convoluted than cash accounting but deemed necessary because of today’s business practices.Cash accounting denotes recording transactions only when cash changes hands Source: Pixabay Credit StuxThe second method, cash accounting, entails recording transactions only when cash changes hands.Let’s say you buy £5000 worth of furniture from an independent furniture store, with the promise to pay in full by the end of next month.That transaction will not show up in their books until you have made your payment, even though the store’s inventory was diminished by that amount the mont h before.In the purest sense, this leads to some inaccuracy in accounting information because there is a gap between the inventory value and the financial value of the company until you pay for your purchase.Cash accounting does not provide an accurate picture of liabilities that have been incurred and not yet paid for.Furthermore, this accounting method impacts businesses at tax time because tax laws dictate that a company can only deduct business expenses that have occurred within the tax year, which may cause harm to a small business owner’s financial profile.Back to our furniture buyers, for a moment.They buy new furniture in March, with the payment due by April 30th, and that is the very date they make their payment. The furniture store will not be able to receive credit for this transaction on the previous year’s tax cycle.Most smaller businesses adopt this method of accounting because it is a simpler method of accounting, and more straightforward.Larger companies are requ ired by GAAP to use the accrual accounting method.Where the Financial Accountant Comes InThe role of the financial accountant is to record every financial transaction, using the generally accepted accounting principles, and prepare reports to that effect.S/he would collect data, analyse it and investigate variances. S/he also summarises that data and reports on positive or negative trends.Compliance with all applicable laws and regulations is mandatory! Therefore, financial accountants must stay abreast of every law and regulation change and implement those changes within his/her company.Working with managerial accountants, financial accountants provide financial advice by analysing operational issues; they develop recommendations and procedures to protect the company’s financial health.Ahead of shareholder and/or executive meetings, financial accountants conduct financial statement analysis, prepare special reports, help to prepare budgets and make financial forecasts.Should ther e be a financial inquiry, such as an audit â€" or worse: a forensic accountant is called in to examine a company’s accounting system! financial accountants gather and summarise data. They may be called on to interpret said data.With regard to taxation: financial accountants calculate quarterly estimated tax payments and prepare annual tax returns.Perhaps their most visible function is the preparation of quarterly and annual statements for government entities, company executives and shareholders.The sum total of knowledge, skills and abilities embodied in the financial accountant would not fit in a briefcase! Source: Pixabay Credit StockSnapRequired Knowledge and SkillsFar more than just basic accounting and being enraptured with numbers, there are a number of skills a financial accountant must embody.Knowledge of cost accounting, management accounting and principles of accounting in general, as they apply to the employing institution: those are accounting basics.Research skills al low for efficient investigating of financial matters and staying abreast of financial and accounting regulations.Statistical analysis permits such accountants to recognise business trends and advise for/against them, to make forecasts based on historical data and recognise outliers â€" a single event that impacted the business.The 2008 global financial downturn is an outlier; weak financial growth since then is a trend.Every financial accountant must have a sense of the business s/he accounts for.Obviously, a locally owned and operated business is not going to have the same financial profile or accounting needs as an international trading company.Even though they are not in on the actual decision making, because a part of the financial accountant’s duties involves making recommendations for the better health of the company, s/he must know a bit about the business and how to make it grow.Furthermore, in the case of mergers or takeovers, financial accountants should be on the front lines with their accounting information systems, ready to expound not only on the company’s assets but also on its liabilities.Summary: What is financial accounting?It is the process of recording, summarising and reporting transactions resulting from business operations within a specific period of timeSuch reporting can be done on a quarterly, biannual or annual basis and be done publicly, only to shareholders or only to tax authorities or other government entities.reporting may be done via a balance sheet, an income statement or a cash flow statementregardless of what type of reporting, the statements should reflect the company’s operating performance at the time of reporting.You could say that financial accountants have their fingers on the pulse of the business: from making recommendations to profitability, and reporting it.More so than an office suite in The Shard or a Lamborghini in the car park, financial accountants are the verity of any business.They are just not as visi ble or recognisable.Now discover the differences that define a managerial accountant from a financial accountant

Online Algebra Tutor Knows The Mantra For Top Scores Via Unique Solutions

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