Is the balance sheet more important than the income statement?

Before answering this question, I’ll walk you through common perceptions of the income statement vs. the balance sheet, as well as recent developments in International Financial Reporting Standards (IFRS). The income statement provides a summary of the income and expenses of an organization during a particular period. Historically, this was the first report the financial […]


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Six Steps to Educating Employees About Delegated Tasks and Assignments

Leaders teach employees how to perform their assignments and delegated tasks to ensure they are completed in a timely and accurate manner. An effective method of educating employees ensures a complete understanding of assignments and addresses productive ways to complete them successfully. When tasks are delegated, many leaders are frustrated by the inability of employees […]


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