Differences Between GAAP and IFRS

June 10, 2022 by edd In specialty-coffee-green-coffee-beansTags: standards

In the accounting world, there are sets of rules that are followed to make sure business is ran smoothly and orderly. In the United States accounts follow a set of rules known as GAAP (Generally Accepted Accounting Principles). It is known as being a rule based system. However, a larger population of the world follows the accounting standard known as IFRS (International Financial Reporting Standards. Many countries follow this standard which is known for being more principle based. These countries Read More

What Should a Sales Performance Standard Look Like – Or What You Should Expect From Your Sales Team

June 8, 2022 by edd In specialty-coffee-green-coffee-beansTags: standards

When defining the tasks and goals for a sales person, it is important to be clear regarding what you expect. What should you sales performance standards look like however. Shown below is an example (at a high level) of a Sales Performance Standard. Maintain a high level of customer satisfaction with each of our clients. Maintain a professional attitude congruous with what would be expected of a professional salesperson Sell the amount in your territory as agreed to with the Read More