Wearable health technology has become wildly popular over the past few years. Fitbit®, Apple®, Samsung®, and Garmin® are a few the 55 different companies that have capitalized on the wearable health device craze. According to ABI Research, a division of Advanced Telematic Systems, by the end of 2018, some 780 million wearable devices will be on the market. People look to these devices to learn about their sleep patterns, calorie intake, blood pressure, heart rate, and glucose levels – while companies such as IBM® and Medtronic® have developed platforms that enable healthcare staffers to get a more comprehensive picture of […]
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If you’re on the path to obtaining your master’s in accounting, you have likely learned the theories, steps and facts associated with performing audits. However, you may be feeling anxious when it comes time to venture into your first real audit. Read on to learn more about making your first solo audit as productive and stress-free as possible: Step #1: Identify the scope and purpose In many cases, you will be provided with the reason behind an audit, whether to ensure compliance with new IRS regulations or to prepare a business for sale. However, part of being a valuable asset in accounting is the ability to pinpoint and […]
Credit card fraud is a problem worldwide, but especially in the United States. In 2015, according to research from Barclays, the U.S. accounted for 24% of total worldwide credit/debit card volume, but a whopping 47% of payment card fraud. The reason for the discrepancy, security experts maintain, is that the U.S. was the last major world economy to transition to the latest in payment card technology: EMV or chip cards. Common in the rest of the world, EMV (which stands for Europay, MasterCard, and Visa, the three companies that originally developed the technology) has been responsible for a dramatic decrease […]
A blockchain consortium has the potential to change the way accounting is done forever. Although a lot of it is already being discussed and collaborated on, the application of a blockchain consortium may still be a few years out. It will likely impact the future of accounting, which is so many accountants and business professionals have begun to study and prepare for its growth. Disruptions for the Better A blockchain consortium has the potential to make disruptive technology much more manageable and effective, meaning a great potential for new revenue and much more operative efficiency. With a competent blockchain consortium, […]
The holiday shopping season is an annual bonanza for consumers, businesses, and the national bottom line. In 2020, shoppers spent a record $14 billion on Thanksgiving and Black Friday, according to Forbes. Data from Adobe Digital Index, which reports on digital marketing trends for senior executives, indicates that Cyber Monday injected close to $11 billion into the economy, a 15.1% increase over the year before. Some 37% of cyber sales originated from mobile devices. As pleased as shoppers and retailers may have been, another group also made out like bandits on the biggest shopping days of the year: hackers and […]
The Enron and Arthur Andersen scandal in 2001 led to the biggest accounting debacle in recent history. The collapse of Enron, though scandalous, holds unique lessons for today’s students and sheds light on how important it is for every company to maintain good accounting practices. As time passes, more debacles arise that perpetuate this lesson. Two recent scandals highlight that there is still much to be learned and applied in the corporate world in terms of accounting best practices. Hewlett-Packard and Autonomy Debacle In 2013, tech giant Hewlett-Packard (HP) took an $8.8 billion hit thanks to its purchase of British […]
Experienced educators like yourself have many choices as to how to grow your career in an industry that continues to evolve with new challenges and rewards. Innovative, collaborative leaders are in high demand, particularly as today’s administrative executives begin to age out of full-time roles and make the transition into retirement. Taking the opportunity to invest in your own education with a terminal degree can make all the difference in reaching your greatest goals for success. Doctor of Education versus Doctor of Philosophy The difference between a Doctor of Education (EdD) and a Doctor of Philosophy (PhD) degree has everything […]
College administrators may be heartened to learn that the 7% decline in total undergraduate enrollment between 2010 and 2016 appears to be reversing. The National Center for Education Statistics projects that between 2016 and 2027, the total number of students enrolled in undergraduate programs will grow by 3%, from 16.9 million to 17.4 million. Total post-baccalaureate enrollment will increase at the same 3% rate in the period, after increasing by only 1% between 2010 and 2016. This glimmer of hope comes amid growing pressures on higher education leaders from within their universities and diverse outside forces, including the increase of federal oversight, uncertain economic conditions, […]
Both new and established leaders are emerging as innovators who are adding value to their institutions during this time of opportunity and change. Here, we profile three notable individuals gaining national prominence. Dr. Mark Lombardi, President Maryville University As President of Maryville University, Dr. Mark Lombardi has been instrumental in growing the school’s enrollment to 6,500. Double what the student population was just eight years ago. First, Lombardi led a massive recruiting effort at a time when other universities were contracting due to economic pressures. Maryville’s enrollment is now more diverse than ever before, with students from across the globe. […]
Many institutions of higher learning are steeped in tradition with decades of history to honor, preserve, and sustain. Layers of bureaucracy and structure have been built in over the years as schools grew in a time where “going to college” meant living on campus, sitting in class, and learning from the book. Other younger universities, while not as rigid in their legacies, continue to operate on the principles of consistency and formality. Across the board, there are significant areas of opportunity where we see strong resistance to change despite overwhelming desire for innovative thinking. A New Digital Divide Many students […]