Grow Your Business. Grow Your Career.

Integrated Accounting Reporting

The International Integrated Reporting Council (IIRC) calls integrated reporting, “a process that results in communication by an organization, most visibly a periodic integrated report, about how an organization’s strategy, governance, performance, and prospects lead to the creation of value over the short, medium and long-term”.

That’s a mouthful! Think of integrated reporting as an enhancement which presents additional information. 

Areas where additional information is covered:

Company strategy

  • Governance
  • Performance
  • Stewardship
  • Value Creation

Ideally, integrated reporting builds upon an existing financial reporting model.

One of the goals of integrated reporting is to meet the informational needs of stakeholders who are asking companies to provide clear information on drivers that affect business performance.

Some of the areas of additional informational needs may be:

  • Political
  • Regulatory
  • Social
  • Environmental
  • Risk
  • Changing business models

In response to these stakeholder demands the IIRC is developing an integrated reporting template.

PWC reports that companies embarking on the integrated reporting journey view it as a change process enabling them to think differently about their businesses. Among the benefits they’ve realized:

  • Strengthened financial reporting across business activities
  • Enhanced internal collaboration
  • Increased internal and external communications.

Look for more discussion and adoption of integrated reporting in the coming months.

Integrated Accounting Reporting

Keep Your Focus at Work During the Holiday Season

I’ve given tips on staying focused at work during the holiday season in the past, but during this hectic, festive time of year we can all use some reminders.

With thoughts and stress on parties, shopping, family visits, vacations, and just trying to get things done at home - it’s difficult to stay on task at the office.

Here are some tips worth repeating to help you stay on top of things at work, and as an added bonus you’ll feel more at ease about your work-life balance too.

  • Make a plan for your kids during the holiday break. You’ll stay on task at work when you know things are covered at home. Line up some play dates during the holiday break, schedule some outings for the kids and the babysitter, and make a list of chores to be completed during the day. Whether your kids have supervision during the school break or are old enough to stay by themselves, everyone can help the household run smoothly. Even the youngest kids can be assigned some simple tasks; everyone’s contributions make the house run smoothly. When the kids have a plan you won’t be getting calls at the office all day. Plus, when you know everything at home is organized it’s easy to keep your mind on your work.

  • Get rid of the clutter on your desk. Are you really using all those files stacked in the corner? Clutter causes distractions, making relatively small jobs seem large when you have to dig to get to them. Clean up the papers. Removing clutter is removing distractions. An organized workspace helps keep your mind clear too.

  • Mix it up! Work on different tasks and mix up your schedule if possible. Adjusting your daily schedule helps work feel fresh.

  • Network! Now is the time of year to attend a networking event. Meeting new people and potential new clients will make that next cold call a little “warmer”.

  • Get some help. If several members of your team are on vacation, you might feel like you’re stuck doing twice the regular work-load. A staffing firm such as SNI Companies can offer professional temporary employees to carry some of the load. It’s hard to stay motivated if you’re truly drowning in work.

  • Set an example. Be of good cheer while those year-end deadlines are looming. Your mood is contagious, so have a good one. Others will follow.

A little pre-planning and organization will keep your mood and your work on-track this holiday season. And, finishing off the year right will set you up for a happy start to 2017!

Happy Holidays from all of us at SNI COMPANIES.

Keep Your Focus at Work During the Holiday Season

Using Your Experience to Your Advantage

Doesn’t my experience count for anything? Many mature job seekers often ask themselves this question. Let’s face it, more mature job seekers are unemployed and remain unemployed for longer periods of time than their younger counterparts.

Don’t be discouraged. There are employment opportunities for job candidates with years’ of experience. Companies and hiring managers need your knowledge, insight, and dedication.

Maybe it’s time to update your approach:

  • Use Social Media. Update or create your LinkedIn profile and let people know you are available for new opportunities. LinkedIn is probably the most widely used professional networking platform today. Maintaining your profile is an important part of job hunting and connecting with other professionals. Keep your LinkedIn profile up-to-date; make sure your shared updates are current and relevant to your industry. Always add a professional looking photo. Thousands of businesses, corporate recruiters, and hiring managers are looking at LinkedIn profiles every day. This is a great way to market yourself.

  • Use and Expand Your Network. You’ve been building your personal and business network for years. Over time you have probably helped many friends and colleagues during their professional journey – they would be happy to return the favor. Reach out. As you speak to those in your industry, ask for referrals. If your employment application is marked as a referral your chances of securing an interview are greatly increased.

  • Customize Your Resume. No need to disguise your work history; keep dates on resume - but consider removing experience over ten to fifteen years old. Often work older than fifteen years has changed so much that employers will see that as too dated. Highlight your accomplishments. Over the years you will have many highlights. Choose those related to the industry or job for which you are applying and key in on how you can help the company if hired. Recent success stories make candidates appear current.

  • Promote Your Experience. Your experience is an asset; promote it as such. Although, your qualifications may be beyond the scope of the potential job, key in to how your experience fits the bill! Showcase how past positions add value to this role.

  • Know And Expand Your Computer Knowledge. Keep up with trends in your industry. Follow blogs, join relevant groups on LinkedIn, and be sure you are up-to-date on current computer software and programs. Take an online course so you are at least familiar with the newest computer programs. If you’re not already active in social media, develop a digital footprint.

  • Talk With A Recruiter. Recruiters have access to roles that are never even published. Working with a reputable recruiter is often the best way to land senior-level roles in any industry.

Keep that positive attitude and remember that you bring so many benefits to the table. Do a little extra research on a company before you interview so you have added ideas of how your work history fits into their company goals and culture. Good luck!

Using Your Experience to Your Advantage