Cryptocurrency for Accounting: Keeping up with the Future

Tables of Contents What is cryptocurrency?The rapid evolution of cryptocurrencyCryptocurrency accounting: How we account for cryptocurrenciesCryptocurrency bookkeeping: How is it different?The future of cryptocurrency accounting Since the first Bitcoin transaction in 2009, the cryptocurrency market has exploded. Over a decade later, the cryptocurrency market is valued at more than $2 trillion, with around 4,000 different cryptocurrencies. Industries such as healthcare and government have adopted blockchain, the computing technology that validates and secures cryptocurrency, to secure their data. As cryptocurrency becomes a common option for transactions and investments, the accounting profession needs to understand cryptocurrency and how these assets are classified […]

Becoming a Sustainability and STEM Advocate

Sustainability advocates and researchers are finding that the worldwide coronavirus pandemic has had positive effects on the environment. Stay-at-home orders necessary to slow the virus’s spread led to a 9.3% decrease in humanity’s global footprint in 2020, according to Global Footprint Network, compared to the same period last year. The research group attributes the decline to less wood harvesting and lower carbon dioxide emissions as offices shuttered their doors and more employees worked from home. “Innovation comes out of challenges,” says Dr. Kyra Krakos, professor of biology at Maryville University and director of the sustainability program. “Coming out of this, […]

How Long Is a Master’s Degree?

Whether you’re interested in embarking on a new career, developing skills and expertise in your current field, or opening yourself up to new learning opportunities, an advanced degree can lead to career satisfaction and be personally rewarding. It can have material benefits as well; salary site PayScale reports that the median annual salary for bachelor’s graduates was approximately $65,000 as of November 2021, while master’s graduates made a median of about $78,000. If you’re considering going back to school for a master’s, how long a degree takes may play a part in your decision-making process. A number of factors can […]

Why Do an Internship During College?

Internships are temporary jobs that provide an opportunity to gain entry-level work experience — and can be an invaluable steppingstone to a new career. In fact, if you’re wondering why to do an internship during college, consider this: According to a National Association of Colleges and Employers (NACE) report, 66% of students who completed internships in 2020 became full-time employees at the companies where they interned. In addition, NACE reports that employers aim to hire at least 50% of interns as full-time employees. Opportunities for career advancement are just one of the many benefits of completing internships during college. How […]

Tips for Leading a Multigenerational Workplace

Multigenerational workplaces come with unique challenges and opportunities. On the one hand, each generation’s attitudes about workplace culture may differ, sparking friction between employees from different generations with clashing communication styles and expectations. On the other hand, an organization of multiple generations enjoys the benefit of multiple perspectives and insights. Today’s American workplaces consist of people from different generations working together. According to a 2018 Pew research study of the U.S. labor market: Members of the silent generation (1928-1945) represented 2% of workers.Baby boomers (1946-64) represented 25%.Generation Xers (born 1965-80) represented 33%.Millennials (born between 1981-96) represented 35%.Generation Zers or post-millennials […]

MSF vs. MBA: Differences in Degrees

As you prepare to enter the business world, earning an advanced degree can be highly advantageous. Not only will an advanced education equip you with the skills and expertise you need to succeed in your chosen field, but it can also help you develop an expansive professional network. Ultimately, advanced business degrees can provide you with a major competitive advantage throughout your career, helping you compete for more prestigious positions and command higher salaries. What Is an MBA Degree? The Master of Business Administration is an advanced degree that provides both theoretical and practical training for those who wish to […]

Entrepreneurship Statistics: Current Success and Looking Ahead

Tables of Contents Entrepreneurs’ Job DescriptionEntrepreneurship StatisticsHow Much Do Entrepreneurs Make?The Many Rewards of Succeeding as an Entrepreneur One unexpected — and positive — impact of the COVID-19 pandemic is a steep rise in the number of people choosing to start a business. The U.S. Census Bureau reports that the number of new business applications and formations increased by 24% in 2020, the largest year-to-year increase in the 15 years the bureau has tracked them.The trend marks the end of a 40-year decline in entrepreneurship in the U.S., according to The New York Times, which notes that in 1980, new […]

Preventing Teacher Burnout: Causes, Symptoms, and Tips

Teachers affect a student’s achievement two to three times more than any other factor at school, according to a study from RAND. Research published in the International Journal of Teaching and Learning in Higher Education suggests that professors, too, significantly influence student success and college dropout rates. While teachers and professors can transform students’ lives, they face formidable challenges. Long hours, solitary work, and lack of autonomy can place undue stress on them and compromise their potential to make a positive impact. Two-thirds of faculty participants in a study reported in The Chronicle of Higher Education said they felt “very” […]

Addressing Mental Health and the Criminal Justice System

The U.S. has the highest incarceration rate and the greatest number of imprisoned people of any country in the world, according to figures compiled by Statista: As of July 2021, approximately 1 million people were incarcerated in the U.S.By comparison, China is estimated to have had a prison population of 1.7 million in 2021 despite having a total population more than four times that of the U.S.Brazil ranks third with about 760,000 incarcerated individuals.The per capita rate of incarceration in the U.S. is 639 per 100,000 as of May 2021; the second-highest rate is in El Salvador at 562 per […]

Minternship: Changing Paths Midcareer

Tables of Contents What Is a Midcareer Professional?What Contributes to a Midcareer Crisis?Corporate Incentives for MinternshipsWhat Does a Midcareer Internship Entail?Pros and Cons of MinternshipsHow to Find a Minternship and Make a Midcareer Change Many workers devote years to a career only to find that they’d rather pursue a different path. For some, a minternship offers an opportunity to start a new professional life. A minternship is an internship taken by a midcareer professional with the intention of gaining professional experience to pivot into a new role or industry. Whereas traditional internships typically attract students, companies design minternships for professionals […]