What Are FSA Employment Checks?

The pre employment background checks are the standard procedure for hiring in almost every successful organization. The FSA checklist is a useful tool to use for verification and better assessment of the potential employees.

The Key FSA Employment Checks include the following areas

1- Past Employer Reference

2- Education Document Authentication

3- Character Reference

4- Identity and Address verification

5- Credit History and similar issues

6- Criminal History

7- Directorship History (where applicable)

The FSA Employment checks include some few key steps like the cross verification of the references being provided. It depends upon the nature of the job for which person has been selected to really seek the back ground reference checks. For the person being considered on sensitive jobs, this reference can be started right from the first employment.

The verification of the Education credentials is done too; the universities or the institute where the person has graduated is asked for the authentication of documents too. This is important step if you are hiring a person from another country. Although there are certain degrees that might be accredited for being equal to U.S. degree, but most of the time gaps can be there regarding the whole study curriculum being out dated.

The FSA Employee Checklist is important also as the CVs tend to over state and include a lot of information that might not be true, so better find out this before hand then later. The checking of relevant professional qualifications and licenses is important step for assessing the candidate capabilities in true light.

The character checks has significance too, as this verification alongside the criminal record or ID background can confirm the social standing of the employee easily. The directorship information can determine the candidate ability in so many others light also. There are some important clauses that can affect the selection process very easily in case of the director ship being involved so it’s important where applicable.

Management and Financial Accounting

Accounting is usually seen as having two distinct strands, Management and Financial accounting. Management accounting, which seeks to meet the needs of managers and Financial accounting, which seeks to meet the accounting needs of all of the other users. The differences between the two types of accounting reflect the different user groups that they address. Briefly, the major differences are as follows:

  • Nature of the reports produced. Financial accounting reports tend to be general purpose. That is, they contain financial information that will be useful for a broad range of users and decisions rather than being specifically designed for the needs of a particular group or set of decisions. Management accounting reports, on the other hand, are often for a specific purpose. They are designed either with a particular decision in mind or for a particular manager.
  • Level of detail. Financial reports provide users with a broad overview of the performance and position of the business for a period. As a result, information is aggregated and detail is often lost. Management accounting reports, however, often provide managers with considerable detail to help them with a particular operational decision.
  • Regulations. Financial reports, for many businesses, are subject to accounting regulations that try to ensure they are produced with standard content and in a standard format. Law and accounting rule setters impose these regulations. Since management accounting reports are for internal use only, there are no regulations from external sources concerning the form and content of the reports. They can be designed to meet the needs of particular managers.
  • Reporting interval. For most businesses, financial accounting reports are produced on an annual basis, though many large businesses produce half-yearly reports and a few produce quarterly ones. Management accounting reports may be produced as frequently as required by managers. In many businesses, managers are provided with certain reports on a monthly, weekly or even daily basis, which allows them to check progress frequently. In addition, special-purpose reports will be prepared when required (for example, to evaluate a proposal to purchase a piece of machinery).
  • Time horizon. Financial reports reflect the performance and position of the business for the past period. In essence, they are backward looking. Management accounting reports, on the other hand, often provide information concerning future performance as well as past performance. It is an oversimplification, however, to suggest that financial accounting reports never incorporate expectations concerning the future. Occasionally, businesses will release projected information to other users in an attempt to raise capital or to fight off unwanted takeover bids.
  • Range and quality of information. Financial accounting reports concentrate on information that can be quantified in monetary terms. Management accounting also produces such reports, but is also more likely to produce reports that contain information of a non-financial nature such as measures of physical quantities of inventories (stocks) and output. Financial accounting places greater emphasis on the use of objective, verifiable evidence when preparing reports. Management accounting reports may use information that is less objective and verifiable, but they provide managers with the information they need.

We can see from this that management accounting is less constrained than financial accounting. It may draw on a variety of sources and use information that has varying degrees of reliability. The only real test to be applied when assessing the value of the information produced for managers is whether or not it improves the quality of the decisions made.

The distinction between the two areas reflects, to some extent, the differences in access to financial information. Managers have much more control over the form and content of information they receive. Other users have to rely on what managers are prepared to provide or what the financial reporting regulations state must be provided. Though the scope of financial accounting reports has increased over time, fears concerning loss of competitive advantage and user ignorance concerning the reliability of forecast data have led businesses to resist providing other users with the detailed and wide-ranging information that is available to managers.

Benefits and Drawbacks of Business Networking

Business networking has a world of positive benefits. However, with everything positive, comes a few negatives at least. So, without further ado, let’s begin with the positive/pros in support of business networking:

The first point on the up side is;

You’re being active in the accumulation of business contacts and letting yourself be seen. Many people complain that they are just not meeting enough of the right people to help in their career direction.

When you are actively involved in business networking, you are increasing your chances of meeting those right people. Furthermore, if you are networking correctly by sharing referrals, introducing people, and following up with those you meet, the rewards will speak for themselves.

The 2nd positive point is;

Your 1 on 1 people skills will slowly develop into expert status. This is a benefit not talked about a lot but through trial and error, building great relationships will seem effortless. Consider the fact that when your 1 on 1 people skills are adequate, you will see a phenomenal increase in the positive results you get using all other communication, for example; telephone, e-mail, etc.

3rd, on the optimistic side is;

After being consistent, you will notice your own center of influence expand. If you are engaged actively in meeting, communicating, and generally helping many individuals, you will be liked as well as respected. When these type of things occur, your center of influence grows and you will become well-respected by default.

4, on the high side is;

Networking regularly gives you the opportunity to speak a lot about your profession. You will have the opportunity to educate many people about what you do when you meet them. This situation causes you to be on your toes and more knowledgeable about your profession.

The 5th benefit of business networking is;

You are greatly increasing your overall options. While networking for better business returns, you will meet an abundance of individuals who aren’t directly connected to your goals. Meeting individuals like this can benefit you in other ways like; finding a good plumber, helping you to get hired at a new company, and any other specialist in a particular field. A personal referral usually holds more merit.

And now for the alternatives or the down-side/cons of business networking:

#1. If you are an extreme example of a socially inhibited individual, getting out and networking could be very traumatic for you. I’m not saying that it’s something you can’t overcome but it could very well turn out to be a not so positive experience.

#2. You may find several events that may not be to your liking. This is an occupational hazard of business networking in which you attend business networking events with high expectations but are disappointed by the outcome. As with anything, this is not justification to give up but it does happen.

#3. People in your newly found network been as receptive as you would like. It is very true that many people talk a good game but in the heat of the moment, when you need them most, they can let you down.

#4. An unruly, undesirable individual may enter your life through networking. I know that this is an aspect that’s not discussed too frequently but I must be honest. Sometimes you can attract individuals through your friendly networking activities, which could prove energy draining if not detrimental to your career.

And #5. Networking doesn’t work for everybody. Yes, there are some individuals out there, as rare as they may be, where networking and building relationships with different people just isn’t their cup of tea. A small minority of people will find that no matter how hard they try, it just won’t deliver the desired results. This is sad but it is true.

So now you see the pros and cons on both ends. Personally I believe that business networking is very important and can work for most people in a positive way. Now, you have to ask yourself, “Is it bad or good?” The answer is “Good” and “Bad”. It all depends on the perspective of “you”, the reader.

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Work From Home, Online Employment

Working from home on the internet provides users with the convenience and job security they require. A home job that is done on the internet can be what you need to get you started on a career path that will lead to job satisfaction and success in every sense of the word. Building a successful online business takes time, hard work and some investment capital, though more time investment may remove the need for capital investment. The good thing about online businesses is that anybody can develop one and be a success in it without any qualification or heavy capital investment. An online job should be taken seriously if meaningful progress is to be made in good time. Online jobs are numerous and can be grouped into three categories which include; skilled, semi-skilled and unskilled jobs.

Skilled jobs: basically, a skilled job is one that requires a certain level of skill and certification to accomplish. Skilled jobs are for individuals who have acquired a high level of expertise in order to be able to carry out the duties required of such tasking jobs. These jobs may only be given to those who have the qualifications and the much needed experience that such jobs require for effective and satisfactory results to be obtained. Performance for certain skilled jobs online is at a very high level based on the job description. Certifications for many skilled jobs are acquired offline by attending educational institutions. Some skilled jobs can also be learned and certification given online after a mandatory learning process and examination has been passed. Examples of some skilled job services that are provided for online customers include; web designing; website security; professional services such as stock brokering and ecommerce services; program writing and networking among others.

Semi-skilled jobs: these are jobs that may or may not require certification for one to be able to accomplish. Semi-skilled service providers may be required to have a certain level of qualification in some quarters but may not need to have any qualification in others. Most semi-skilled jobs can be learned and certification provided for those who have passed online. Examples of semi-skilled jobs online include search engine optimization, copywriting and secretarial skills among others.

Unskilled jobs: these are job descriptions that can be done by anyone without any prior certification. Most online jobs are in the unskilled category and you do not need any qualifications to become a service provider. The vast majority of service providers in the unskilled category learn these jobs and become experts by continuously providing their services to customers. This is the main reason why the internet is seen as a very good avenue to develop a viable business. Unskilled jobs require little or no income to start practicing and in a very short period, depending on your work rate, you can earn considerable amounts of money from them. Almost every internet business has a link with an unskilled job description which makes it possible for everyone to benefit from providing any kind of service on the internet. Examples of unskilled jobs that have their roots on the internet include article writing, link building, blogging, lead generation and social networking among others.

The internet is a user friendly environment that helps a lot of people all over the world develop certain basic skills and earn a substantial living. Whether your skilled, semi- skilled or unskilled, there is a place for you in the online business world.