Highlight of the Week

QuickBooks Workshop

On Tuesday, April 10th, Philip Clites offered the QuickBooks workshop in 2511 VMH. Students can make use of this chance to learn how to navigate QuickBooks and how it is used in the professional world.

QuickBooks is a popular accounting software for small and medium business. It lets your business track all of your income, expenses, and inventory. Exposure to QuickBooks changes the way that we run our consulting, bookkeeping and accounting practice.

During this workshop, Philip pretended the whole transaction of a small engineering company, students are considered as staffs in this company to gain profits between customers and vendors. The accounting functions include sending invoices, purchasing orders, receiving payment, paying bills, and reviewing financial reports.

By QuickBooks, students practiced how to create customers, accounts and how to review transactions by changes of different accounts. Students quickly developed QuickBooks skills, which is required by many businesses seeking internship help.

Thanks for joining us for the QuickBooks workshop. The successful event and initiative shown by students have motivated the OCS to organize the more software skill workshop in the future.

Appian moves HQ to Tysons, adds hundreds of jobs

WASHINGTON — Reston-based Appian Corporation, whose business management software products help companies develop applications, will keep its headquarters in Northern Virginia and add several hundred jobs.

The publicly traded company had been on a new headquarters search to keep up with its growth, and considered sites in Atlanta and Raleigh, North Carolina.

Appian will invest $28.4 million in its new headquarters, moving into the former Gannett Co. headquarters at 7950 Jones Branch Drive in McLean, and will double its local workforce from 600 to 1,200 as part of the expansion.

The company will get a $4 million grant from Virginia’s Commonwealth Opportunity Fund for choosing to stay in Fairfax County.

Appian’s most recent financial report forecasts year-over-year revenue growth of up to 30 percent. The company had $176.7 million in revenue last year, up more than 30 percent from 2016. Appian had a net loss of $31 million last year.

Appian reports its first-quarter results May 3.

This is the second big job win for Tysons Corner this month. Last week, software company Cvent Inc. said it would expand its Tysons headquarters and add about 500 jobs to its local workforce.

Reference: https://wtop.com/business-finance/2018/04/appian-moves-hq-to-tysons-adds-hundreds-of-jobs/

MS Case Competition

In order to provide students with a great opportunity to get in front of employers and demonstrate their business skills, the OCS sponsored MS Case Competition on Friday, April 6th from 9:30 am – 2 pm. Case Competition teams were comprised of 4-6 individuals and ideally include students from multiple program disciplines. Interested participants attended a prep session on Friday, March 30th, hosted by Professor Joe Bailey.

The competition helped students practice how to approach and analyze a case and how to present solutions. Each team needs to think critically and identify the information they don’t have. Not only did they showcase their analytical and reasoning abilities, but also, they presented in front of employers that have open positions. Students get the experience of performing in a case competition and a shiny bullet-point on their resume.