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A professional advisor will often advise their clients on range of technical accounting and tax matters. However, in many instances clients do not possess the necessary financial expertise or technical accounting or tax knowledge to completely understand the information/advice provided by the accountant.
Over the course of your QUT degree you have acquired a range of technical and disciplinary skills that will serve you well when advising clients. These clients will come from a variety of backgrounds and, in some cases, will not understand the ‘language and terminology' that you would ordinarily use to explain (at times) complex accounting and tax concepts.
Required:
Identify and explain three (3) strategies that you would adopt in order to simplify the content being delivered to clients.
In other words, what strategies could you implement to simplify the financial advice provided to a client (like Luke and Cameron) where they readily admit that they lack the necessary financial acumen to understand what you are saying?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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