Accounting is a profession for those interested in math, business and have the skill to think outside of the box. An accounting degree can open up many opportunities in varies industry's with rewarding compensation.
USA Today has done most of the work for our young professionals by listing the "Top 10 colleges for an accounting degree". The Accounting profession rules!
The only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle." - Steve Jobs
Tips to Consider for Your Small Business
Finding your career passion can be one of the most difficult things in life, in my opinion. Don’t get me wrong, some people have known since childhood – what they want to be when they grow up. But for the group of us that don’t, we should take the personal time and write down what it is we feel passionate about.
What are your strengths? Who inspires you? What do you enjoy the most about your current role? What are your skills? What are positive things mentioned in your company annual reviews? What has your family always seen as your passion?
You can also think back to your childhood – where you into numbers, craft, drawing, coming up with new ideas, charts and graphs, art, acting or sports? These are questions and thoughts that may lead you to deciding if a career change is in store for you.
Black Enterprise Magazine published an article, “Finding Your Professional Passion”. Please take time to read and share with family and friends.
Do what you can, where you are, with what you have." - Teddy Roosevelt
Yesterday is not ours to recover, but tomorrow is ours to win or lose. – Lyndon B. Johnson
What Is Exploration Cost?
After acquisition cost comes exploration cost. Typical of exploration, cost are charges relating to the collection and analysis of geophysical and seismic data involved in the initial examination of a targeted area and later used in the decision of whether to drill at the location.
Prime yourself for success by elevating your mood. - Inc. Magazine
Are you Concerned About a Small Business Loan?
If you are a small business owner considering the step of applying for a small business loan - this article is for you. Black Enterprise magazine encourages owners to start with their community bank first.
Please read the full article for further knowledge on small business support.
accounting has ranked the most popular major on campus
You are on the right path. Keep pushing.
Source: Financial and Managerial Accounting
The accounts payable process or function is immensely important since it involves nearly all of a company's payments outside of payroll. Regardless of the company's size, the mission of accounts payable is to pay only the company's bills and invoices that are legitimate and accurate. The amount of invoices paid daily within a company will depend on the size and activity. Key items an Accountant should look for when reviewing invoices are rates, dates, descriptions and quantity. These same items are reviewed by a company's internal control group in addition to ensuring the proper approvals were received before payments are processed.
The question isn't who is going to let me; it's who is going to stop me." - Ayn Rand
Let's Talk Royalties
What is a royalty? How is it calculated? What is it based on?
Whenever oil or gas production begins, the landowner is entitled to part of the total production. A royalty is agreed upon as a percentage of the lease, minus what was reasonably used in the Lessee's production costs. The royalty is paid by the Lessee to the owner of the mineral rights, the Lessor in the Lease. It is based on a percentage of the gross production from the property and is free and clear of all costs, except for taxes.
It is probably the most important part of the lease to the landowner. There are certain costs in drilling and producing a paying oil or gas well. The costs are divided between the production company and the landowner. As a revenue accountant working in an oil and gas company the role of processing revenue accurately is critical to the team and company.
Source: Oil and gas leases.com
Eighty percent of success is showing up." - Woody Allen
If you want to lift yourself up, lift up someone else."
Pursuing an accounting career can open many doors for an individual. It’s not until most of us finish college that we decide on which industry we want to work in. After college, most young professionals are eager and excited about landing their first job that the industry chosen is generally the first company that makes them an offer. However, it's never too late to do some career searching and find the job that you love .
Forbes magazine published an article that may help someone in determining which Accounting profession they would prefer to begin with after college by giving us the Top 3:
× Accounting, Tax Preparation, Bookkeeping, and Payroll Services
× Legal Services
× Oil and Gas Extraction
Hello, I'm Terra the Founder and Marketing Director of Fontenot & Associates Solutions. Thank you for joining my Accounting world. Our blog's purpose is to teach with the determination of closing industry and accounting process gaps that knowingly exist with our uniquely designed detailed procedures and trainings.
My mission is to offer the best accounting results for all companies seeking to close their process gaps with actual solutions. With my Bachelors and Masters Degree in Accounting, I strive for continuous development and professional growth in this profession. My professional career has been in the Oil & Gas industry for nearly the past 10 years but my business focus is to support and train accounting professionals in all industries.