Annotated Bibliography #1
Bibliography
(APA)George, E. (2013). 5 Steps to Planning for Internal Successors in a Small Business Environment. Journal Of Financial Planning, 26(8), 21-23.
Annotation
This article is all about building up a small business and what components you need to successfully do so. The main component is choosing leadership positions and how you pick and train the employees to help you succeed in your business. Also, the article has 5 simple but major steps to create a great business and have successful leaders. These include: 1. Identify high potential candidates, 2. Define the knowledge, skills, and abilities of capable leader, 3. Strengths and weaknesses, 4. Identify developmental opportunities, and 5. Monitor, support and evaluate progress. These are keys points in maintaining and developing a great small business. In a small business environment, the buildup of a great leader is done in between replacement and succession planning as stated by George in the article Journal Of Financial Planning.
Potential Quotes
According to George (2013), “Succession planning is a synthetic process requiring a concerted effort by all involved- and it is all too easy to lose focus along the way” (p. 1).George says, “In a small business environment, the buildup a great leader is done in between replacement and succession planning” (p. 2).
Assessment of Source
This article is reliable on the account of many things, one in particularly is the citation of the article and where it came from. The data base in which the article came from is Business Source Complete and I checked it out and it seemed very reliable on the account of the presentation, navigation and intellectual wording of the website. It is also reliable because it is a full text source and is considered to be an American Journal Article.
Reflection on How I Will Use this Source
I will use this is a way to describe how I can potentially build a great small business in the future. It is very useful because of how I can relate it to everything to do with small businesses and the career field I am interested in.
Annotated Bibliography #2
Bibliography
(MLA)Hartstein, Brian D. “Certified Public Accountants As Future “Trusted Business Advisors”—AndHow to Engage Them.” Journal Of Financial Service Professionals67.6 (2013): 35-39. Business Source Complete. Web. 23 Feb. 2014.
Annotation
This article is about the different rules and regulations CPA firms must follow each year. The accounting world is going through some major changes dealing with tax preparation and traditional services to their clients. The CPA’s must accept these changes in order to be successful down the road. They must be aware of these changes and be able to properly address each individual client of them. In order for the firms to flourish and make profit they must embrace these changes and be able to work well with each client.
Potential Quotes
According to Hartstein (2014), “The feedback from the information gathered for this study was aggregated into major themes, with an advisory panel identifying 10 key changes on how members of the profession will conduct business in the future and what they must do in order to be competitive and successful.” (Hartstein p.2).Hartstein says, “Helping the business owner develop a more successful and profitable business is infinitely more important than an hourly rate or help with an audit.” (Hartstein p.2).
Assessment of Source
This article was published by Business Source Complete and I found it on Galileo, which is a very reliable source for business articles. This site is very reliable because my teacher recommended it and I doubt she would give me an unreliable source.
Reflection on How I Will Use This Source
I will use this article to help support various facts on accounting and use quotes from it to support other documents I might find. The section on how rules change in this article is a big part of accounting because they change every year and you need to stay up to date.