Dabie Tsai, Guiding the Next Generation of Accounting

Women Leading in Accounting

If you are curious about the future of accounting, why not look to industry expert Dabie Tsai. Tsai worked for more than two decades with KPMG, one of the Big 4 accounting firms, including over a decade as a partner. Over her career, she has lived and worked in four different countries in addition to providing services on projects in additional countries. Tsai was in charge of many large multi-million-dollar auditing projects. She supervised teams comprised of more than 200 members. Tsai is a living example of the changes occurring in the accounting field. In this time of change and female empowerment, accounting boardrooms are finally becoming more diverse, and women like Tsai are leading the reform.

 

Women Helping Women

Another trend in accounting is the push of women in leadership to mentor and empower other women. At KPMG, Tsai was recognized for her efforts and received the firm’s Mentoring Award. Accounting firms are rewarding such work and establishing programs to foster and encourage women in leadership. Tsai used that framework to help other women. She was an active Partner Champion in the firm’s Network of Women and also participated in its Executive Leadership Institute for Women. Accounting managements are no longer men-only clubhouses.

 

Computers, Data Analytics, and Artificial Intelligence

Of course, we are all aware that computers have changed our lives over the last 20 years, making the world so much smaller and creating the ability for instant communication. The accounting field has seen similar changes thanks to large-scale computer automation. One of the benefits of automation in accounting is the ability for computers to analyze large amounts of data. Computers can find issues that might be missed by traditional accounting methods. With the proper training, accountants can use the resulting data and analytics in several different ways.

 

The information can be used to look at past transactions, current accounts, and predict future trends. Machine learning and artificial intelligence are also changing the accounting field. Tsai recently forecasted that this will lead to “efficiency and effectiveness transformation where large amounts of information can be processed, analyzed, and evaluated expeditiously while identifying potential irregularities or complexities.” With women like Tsai at the helm, the future of accounting looks very bright indeed.

 

Dallas Neighborhood Homes Group monetary support to help low-income residents

Dallas Neighborhood Homes has been working in collaboration with Dallas Area Habitat for Humanity to provide affordable homes to the residents of South Dallas. Dallas Neighborhood Homes is a charity organization that pioneer in the provision of mortgage solutions by offering loans to borrowers. This duo aims to offer loans to more than 100 low-income residents in Sothern Dallas in the next five years.

NexBank and the affordable homes project

To make this goal a reality, these two organizations have partnered with NexBank SSB, one of Dallas’ largest banks in Texas. NexBank SSB intends to provide Dallas Neighborhood Homes with $50 million to finance and expand their home provision initiative. Aside from loaning clients, Dallas Area Habitat for Humanity will provide financial advice to customers so that they are prepared to own homes.

Nexbank will also participate in the payment of title fees of up to $2,000 required for closing the home purchase deals. According to the vice president of Dallas Area Habitat for Humanity Mark Tribuna, NexBank has been instrumental in enabling people own home at a low cost.

Mark Tribuna acknowledged Dallas Neighborhood Homes for being part of this initiative and thanked them for helping the residents of North Texas. This professional also expressed his joy for being able to bring smiles to the faces to low-income earners in Texas. He also added that his establishment is committed to this kind of noble acts.

About NexBank

NexBank is a financial organization that offers a broad range of services including mortgage banking, institutional services as well as commercial banking to customers. This company was founded by finance guru James Dondero and has been in business since 1922. NexBank’s headquarters in Dallas, Texas South United States. By 2017, this organization had $6.4billion worth of assets. This private business has numerous clients such as real estate investors, large corporations, and middle-market ventures.

NexBank is under the management of John Holt who serves as the president and chief executive officer, Stacy Malinda, the chief finance officer, and Scott Matthew the director. This financial organization has over the years established itself and has a couple of subsidiaries including NexBank Securities Inc, NexBank SSB, and NexBank Capital Advisors.