Stephen Souky - Scoring in Basketball

Stephen Souky is a youth basketball coach who has led his tams to victory through showing them ways to score more points. In basketball, the scoring is quite simple, as a player can only score so any points in a given scenario. Below are the main scenarios in which points will be put on the board.

Single-Point Scenarios

Basketball players earn a single point for every foul shot they make. A foul shot is taken from the foul line, which is near the top of the key. A player can be granted one, two or three foul shots per penalty, depending on where the player was shooting from, whether they scored or not, or the severity of the penalty itself.

Two-Point Scenarios

A player’s team is awarded two points for every shot scored within the three-point line.

Three-Point Scenarios

A player can score three points in a single play through a few different scenarios. The player can make a shot from behind the three-point line; the player can make a shot inside the three-point line and be fouled, leading to an extra foul shot; or a layer can be awarded three foul shot attempts as a result of a technical foul on the other team.

Four-Point Scenarios

A player can score four points in a single play if the player hits a three-point shot while being fouled by an opponent, allowing for a foul shot.

Stephen Souky has seen all these scenarios and more happen in basketball.

Stephen Souky - Important Youth Basketball Coaching Tips

If you have the means and desire, there are many ways for any person to find ways to give back to the community. Several basic ways to show your support are found in local programs either funded by the city, county, and state and even sometimes the federal government. However, there are also additional alternatives such as sponsorships, philanthropy and unique volunteer work designed to enable communities.

A great starting point would be finding a youth sports team sponsorship you can get involved with. A unique background or knowledge of a particular sport can go a long way. Not only can you provide expertise but you can help an organization overcome the toughest obstacles they will face as a team. Try it out at least once and volunteer your time than to a local youth sports team. Youth sports organizations provide young people a great chance to learn the values of teamwork, leadership, fair play and more, and chances are there are several organizations in your area seeking support as we speak.

Volunteering to work on a section of roadway or highway cleanup is another simple and relatively easy way to contribute to society. A canned food drive is often overlooked as a method of helping your community. Feeding the needy and the poor can have a great effect on the local community.

The Albany community is one that Stephen Souky is proud to be a part of. He often spends his off-hours volunteering and donating his time and energy towards supporting the community he was raised in.

Giving Back To Your Community

An experienced and knowledgeable user of the Microsoft Dynamics GP software understands how to tune the program to work for both himself and for his company to achieve great levels of success. This type of professional works at helping to make his team and his role an even more valuable asset to their success.

The smart working professional utilizes technology to improve the success rate for his firm and his professional career. If you are looking for a great starting point for a novice user, then consider some user groups and online communities. You can find an enormous benefit in being a member of the Dynamics Great Plains User Group. The GPUG serves as a community that helps to connect users of the software, those of disparate industries, fields, and professions. This community works together with the hopes of providing every user added insight into the best ways to use Dynamics GP for both themselves and their employers. The group’s mission is to share knowledge, insight and feedback on their Dynamics GP experience. Helping develop new tactic and procedures with others throughout the world helps advance the technology and development of careers. This member-driven community adds unique value to GP users. The community provides a high-quality source of knowledge and education to users in a highly effective and direct manner.

Stephen Souky is a proficient accounting software programs administrator and is highly skilled with Microsoft Dynamics GP. As a member of GPUG, Stephen is an accounting professional at MHC and Affiliates. He enjoys the chance to engage and network with both companies and individuals who utilize the Microsoft Dynamics GP software on a daily basis.

Stephen Souky - GAAP Assumptions

As a successful accounting professional, someone who possesses a significant level of knowledge and skill and expertise when it comes to personal and corporate accounting, Stephen Souky is able to provide organizations the services and management they need to successfully meet their financial objectives, and to ensure strong financial security well into the future. As someone who passed the CPA exam on the very first attempt, Souky has demonstrated a high level of proficiency in professional accounting and tax preparation throughout his career, currently as a Controller for MHC.

Stephen Souky understands the importance of adherence to Generally Accepted Accounting Principles, or GAAP, particularly as a way to ensure accurate and effective maintenance and production of financial reporting for both individuals and businesses throughout the United States. GAAP, as Souky knows, is composed of basic assumptions, principles and constraints. Each of these concepts provide the GAAP its fundamental foundation. Souky discusses the four basic Assumptions of GAAP below.

Business Entity

This assumption, says Stephen Souky, is that the business is, in fact separate from both its owners and from other companies, and revenue and expenses should therefore be kept separate from those that are personal

Going Concern

This assumption, says Souky, is that the company in question will operate indefinitely, validating such methods as asset capitalization, amortization and depreciation.

Monetary Unit

This GAAP assumption is that a stable currency is going to consistently be the company’s unit of record. The value of the US Dollar is typically the accepted unit of record by the FASB.

Time-Period Principle

This is an implication, says Souky, that a company’s economic activities can be separated into artificially created time periods.

Three Uses of Accounting Data in Business Decision Making

Almost all the business transactions are recorded in the financial records of the organization. This data can be effective in the right hands. The uses of accounting data include;

Business Planning

One of the most common uses of accounting data is to develop financial plan, and to make estimates for the business plan. A comprehensive accounting data will aid financial planners to make necessary projections for the upcoming year. The planning process as a rule starts with sales projections and cash flow evaluations. At each progression of the procedure, previous accounting data is used to make projections for the current year.

Business Evaluations

Accounting data is not only used to make estimations, it is also used to evaluate business. Many entrepreneurs evaluate their accounting data monthly by comparing the total sales, and the cost and benefit performance to the established estimations. Also, the higher the frequency of evaluating the accounting data, the more the administrators will easily discover and solve minor problems before they get out of hand.

Investment Decisions

Proper evaluation of an organization’s accounting data will help the management to make informed investment decisions. By analyzing the organization's financial estimations, administrators can decide the amount of fund required for the short term and long term investment choices.

Having the knowledge of how accounting data is used in making business decisions can help you to use the data that you already possess to improve your business.

Stephen Souky is a Certified Public Accountant (CPA) and a Controller at MHC. He graduated from the State University of New York at Fredonia in 1992, and he is a member of GPUG - Great Plains User Group (for accounting software).

How to Evaluate a Business before Making a Purchase

You need to gather enough information in order to make smart investment choices.

Here are six things you ought to consider when you are evaluating a business:

1. The financial statement

It is very important to check the financial statement of the company. Check the asset reports, profit and loss reports, and any other income statements for the last 3-4 years.

2. The tax record

Check the income tax returns for the past 3-4 years; this will give you an insight of the business’ profitability.

3. Evaluate the assets

Check the plant and the installations to know if they are in good working conditions. Also, conduct a stock valuation to determine the measure of stock available and its present worth.

4. Know the Clients and Suppliers

Get the database of key clients and suppliers that are vital to the business.

5. Find out why the proprietor is selling

It is good to know why the owner of the business is offering to sell, and the number of offers that has been made.

6. Check the legal rights and obligations

Get information about government regulations that apply to the business and whether the business has the necessary license it needs to operate.

Finally, do not make a purchase until after you have diligently conducted the business evaluation, and you are convinced that the business will have a good return on investments.

Stephen Souky holds a Bachelor of Science degree in Accounting from the State University of New York at Fredonia. He has built a successful career on the foundation of strong accounting, team leadership, and communication skills.

4 Crucial Decisions Entrepreneurs Make

An Entrepreneur is the operations manager, the human resource director, and the marketing manager at the same time. Entrepreneurs are confronted with a lot of choices to make, and some of these choices are more crucial to the success of the business than others.

1. Business finance decisions

Entrepreneurs continually makes a lot of choices when it comes to business finances. For new companies, choices about how to finance the business and the most suitable source of financing are critical. For an existing business, choices about how to manage cash flow and secure resources are equally important.

2. Business structure

Legitimate business structures incorporate sole proprietorship, partnership, and limited liability corporations. Each of these business structures has their own features and obligations. Structural decisions are long term choices and they entail a great deal of risk. It incorporates decisions about developing new products or getting into strategic alliances.

3. Work force

An entrepreneur must make decisions about selecting and employing a competent work force. The entrepreneur must set criteria for hiring the most competent workers. Entrepreneurs should also make decisions on job expectations, roles and obligations. Also, the entrepreneur has to determine the remunerations and benefit structures for his workers.

4. Operational decisions

Entrepreneurs need to make decisions on how they will manage the business. Operational decisions incorporate picking the right suppliers, and the appropriate strategy for distributing and marketing the product.

These four decisions are crucial to the success of any business.

Stephen Souky is a Controller at MHC. He is an experienced accounting professional with more than twenty three years of success in a variety of senior level management positions. He is the President of the Niskayuna Girls Basketball Team and AAU programs.

    4 Benefits of Volunteering Your           Time to Community Service

Volunteering your time to community service has a beneficial outcome on the community and for you as well. Helping the community and other people offers numerous advantages. For instance, it can help you to know more about yourself and even help you to discover your passion.

The benefits of volunteering your time to community service include:

You will gain valuable life experiences and skills

Whether you volunteer your time at a local health clinic or you build shelters for the homeless, you will gain valuable experiences and develop valuable skills. You can also explore your career interests by volunteering your time.

You will meet interesting people

You can gain insights from the people you are helping, and from your fellow volunteers. Regardless of the caliber of people you're working with, you'll see that they have information and a different approach to issues that can inspire you.

You can get academic credit by volunteering your time

Some schools offer scholastic credit for humanitarian effort through service learning. Speak with your school counselor to find out if your school offers such.

You will have the opportunity to make a difference

When you volunteer your time to community service, the little help you offer can make a big and lasting impact on the community.

Decide on the amount of time you can commit and what really interests you before you volunteer your time.

Stephen Souky is an active member of his local community. He is a volunteer for Grace Fellowship Church, as well as, City Mission of Schenectady; a non-denominational Christian ministry dedicated to serving the poor and the homeless.

Stephen Souky - Former Albany College Professional

Currently the Controller for the Columbia/Greene-based MHC and Affiliates, Stephen Souky has proven himself an asset to numerous organizations, and within multiple positions, throughout his professional career. Prior to his work with MHC, Souky was a leader within the Albany College of Pharmacy and Health Sciences, serving first as Assistant Comptroller, and then as Comptroller, between 2009 and 2013.

As Comptroller for the Albany College of Pharmacy and Health Sciences, Stephen Souky was responsible for the management of a 10 person Accounting Department and Office of Student Accounts. As team leader, Souky enjoyed oversight and management of the college’s financial reporting, budgeting, accounts payable, purchasing, payroll, grant accounting, endowment funds and investments, fixed assets, debt obligations, 403 (b) plan and student billing.

Stephen Souky was also a key member in the preparation of an annual audit, which included an A-133 audit due to federal financial aid and grants. He provided assistance in the preparation of an annual 990 tax filing, and was responsible for the development of financial reports for financial reports, comparing budget vs. actual reports using Crystal Reports and SQL Reports software.

Souky was a member of both the Audit committee and the Finance Committee, which were composed of the College President, the CFO and the school’s Board of Trustees. Souky led the successful conversion of ERP, spearheading the migration to Great Plains 2010 software in January of 2012. He also led a successful Student Billing project, converting the student refund process from paper checks to that of electronic bank transfer.

Stephen Souky - Undefeated Girls Basketball

The 2014-15 season was a whirlwind for the Niskayuna Girls Travel Basketball Junior B team, as the victories, and the memories, continued to pile up throughout the course of the season. As coach of what became an undefeated squad, Stephen Souky watched as his team became one of the best squads in the AAU, compiling the 15-0 record that would send them sailing into the Capital District Girls Basketball League postseason tournament in early March.

Niskayuna players continued to build trust and respect with one another, becoming a more complete team with the passing of each practice, and each game in which they were involved. Stephen Souky is proud of the continual progression his team made into a truly dominant unit, one that truly relied on teamwork, practice and skills-building and that faced each new challenge relatively undaunted.

Stephen Souky watched as his young team of talent continued to build on early season successes, and began to develop the confidence and the unity needed to become a formidable opponent for everyone they played. The tournament championship, achieved by the Niskayuna Girls Travel Basketball Junior B team at the beginning of the month, was the feather in the cap of what had been a remarkable season, one that made players, their parents and Souky exceptionally proud.

Souky is not only the coach of the squad, but also both the team’s President. He is also the current President of the AAU. Souky has volunteered his time to coach the team over the past few seasons.

Stephen Souky - Three Accounting Software for Large Businesses

In the business world, few other things can be as tedious as trying to maintain the accounts. Stephen Souky has a strong background in accounting and is competent with Generally Accepted Accounting Principles (GAAP). If your businesses is a large one, chances are you might be using an accounting software to get things going.

However, there is no one-solution-fits-all when it comes to accounting software. Some accounting programs are designed for simple bookkeeping while others are specially designed to manage the financial affairs of whole companies. Here are three accounting software large businesses might want to use.

Financial Edge

Financial Edge is a cloud-based accounting software from Blackbaud that offers transparency across teams, compliance, security and it reduces the need for manual accounting. Financial Edge is a fund accounting software that provides projects, general ledger, grants, endowments, fixed assets, payable and receivable and much more.

It has a fully customizable dashboard and enables users to carefully monitor income statements, cash balances, program-to-expense ratios, and more with complete export capability. The software is backed by Blackbaud, a company with three decades of experience in the accounting market. The software also allows users to project accounting for streamlined management of various budgets, and to monitor and generate reports.

Xero Software

In under ten years, Xero has managed to rise to the top as one of the best accounting packages for businesses. The company was established in 2006 and its accounting software is Web-based. Xero is ideal for small and growing businesses and is currently being used by over 150,000 companies globally.

Xero is a Web-based solution that can be used on any device with an Internet connection. The software allows businesses to monitor their cash flow, account details and other transactions from any location. With Xero users can keep track of all bank transactions, as they are automatically imported and coded. It also provides a detailed view of online bills to help keep track of spending.

Intacct

Intacct is a Web-based accounting software that is ideal for mid-sized businesses. The company was founded in 1999 in San Jose, CA and has more than 30,000 users. Intacct is ideal for businesses looking for support applications for time and expenses, core accounting, project accounting, revenue management, global consolidations, order and billing, purchasing, financial reporting, and multi-currency management.

As a Web-based Software-as-a-Service (SaaS), Intacct can be easily accessed through any browser with an Internet connection. Intacct is Oracle-based, and its applications and data are hosted by IBM e-business Hosting Centers. Disaster recovery for the software is provided by Sungard.

Stephen Souky has worked with accounting software in the past.

Stephen Souky - Save Money with These Last Minute Income Tax Tips

Being a basketball coach is a tough job, especially when you have to give your team the right training and strategies to come up with a victory each time. Stephen Souky is an ardent basketball fan and is the President of Niskayuna Girls Travel Basketball and AAU programs. Here are some tips you can use if you are a basketball coach.

Level

When you start coaching a basketball team, you must remember that all players start at Level 1 no matter how old they are. Depending on their age and skill they will progress through the different levels. Generally, Level 1 is for seven to ten-year-olds. Many high school and college basketball coaches start with Level 1 every year; however, they quickly progress through the levels and move on to the other levels. The most important thing in building a basketball team is to build a strong foundation.

Important Points to Teach Your Team

Layups – Practice layups as much as possible with both hands. Your aim should be to get all your players to make layups with both their hands equally. Every player needs to know how to jump off the proper foot. If they are shooting off their right leg, they should shoot a left-hand layup, and vice versa.

Footwork – Teach your team triple threat positioning, to pivot on their left and right foot without traveling, and how to square to the basket when they catch the ball in a triple threat position.

Ball Handling – Every player on your team should know how to dribble with their right hand and left hand equally. Speed dribble, protect-the-ball-dribble, crossover, and back-up-dribble are all important and you should make sure your team know how to execute them perfectly.

Stephen Souky is a basketball fan and has been playing the game since he was little.

MDGP - Great Plains User Group

Stephen Souky holds a Bachelor’s Degree in Accounting from State University of New York, Fredonia, and has experience in income tax issues. According to research one in four Americans waits until the last two weeks before filing the IRS reports. Waiting for the last minute to file your IRS report is not a good idea and it increases your chance of making mistakes. Here are some last minute income tax tips you can use to save money.

Get Organized

Before you start filling any forms, gather all the information you need such as income and deduction information, social security numbers, including your last year’s returns. You will need W-2s and 1099s for income, including a Form 1099-INT if you have received interest from the bank. To deduct interest paid on your home loan, you might want to use Form 1098, Mortgage interest Statement. Receipts from donations, purchases, health care, payment for business, education, child care, and retirement saving contributions should all be kept ready before you start filing.

Decide Who

Decide who is going to file your taxes. Are you going to do it yourself, or are you planning on hiring a professional tax preparer to help you? If you earned less than $53,000 in a year, you could qualify for the free in-person preparation of basic tax forms via The Volunteer Income tax Assistance program (VITA). If your income is over $60,000 you could use the IRS Free File website offer to file your returns.

Don’t Rush

When filing your tax returns, it is best to take it slowly and not to rush. Mistakes can be costly, so it’s best to start early and avoid any last-minute filing. Stephen Souky recommends preparing the necessary paperwork well in advance to avoid any costly mistakes.

Stephen Souky - Practical Tips to Building A Healthy Family Relationship

Stephen Souky grew up enjoying being around his family and believes that in today’s busy world, parents need to be ingenious in building a healthy family relationship. Family time is fun, essential and vital to a healthy family relationship. But how do you find the time to spend with your kids when you have a busy job. Here are some practical tips you can use to build a healthy family relationship.

Family Meals

One of the best ways you can spend time building your family relationship is by sitting down and having your meals as a family. Of course if you cannot do it morning and night, you might want to do it for at least one meal. Turn off the television and sit with the family and enjoy a meal together. The time spent at the dining table will help build a healthy family relationship. Talk to each other at the table, and avoid talking about work, but speak about anything else that the kids can join in.

Play Together

While you might not be able to do this every day, schedule the weekend for family time and play with your kids. If you kids like playing baseball or football, get them together and play a game of baseball or football. Show them a couple of tips and help them better their game. A good idea would be to go bowling with your kids on a Saturday afternoon, or do something that they like. There is nothing more important than spending time with your family.

Dump Technology

Technology has taken up a major portion of our lives, and we seem to be too dependent on technology. A good idea would be to turn off your electronic devices, phones, tablets, etc. and spend time chatting with your family. It would surprise you how much you can learn just by spending time talking with them.

Stephen Souky a resident of Niskayuna enjoys spending time with his family.

Stephen Souky - Passing in Basketball

As youth basketball coach Stephen Souky knows, passing is essential to the game. Players must pass the ball to their teammates in order to confuse, evade and coordinate offensive attacks on the opponent. Passing also helps boost team chemistry and overall effectiveness. Below are some basic steps to take that could improve the passing for your team.

Do Passing Drills

Passing drills can be carried out in a number of ways. There is the more rudimentary format, where players line up and pass to each other, rotating occasionally so that each team member gets the chance to pass to every player on the team. For more advanced teams, passing drills can be carried out in the form of play-making, where picks and passes are arranged in a custom fashion. This brings us to the next point.

Form Strong Passing Plays

Plays are the framework of an offensive attack. In order to disorient the opponents and create room for clear shots, the passing plays must be diverse and effective. This involves every player doing their part in handling the ball, passing and setting picks to coordinate the play.

Stephen Souky has years of experience in teaching others to improve their passing games and maximize their offensive attacks.

Stephen Souky - How to Improve the Accuracy of Your Shot in Basketball

Stephen Souky is an experienced youth basketball coach who has led amateur athletes to championships. He is well-versed in teaching the fundamentals of the game to others, and he appreciates the importance of having a good shot. In basketball, points scored is one of the ultimate stats upon which players are judged. It is also the basis upon which teams are judged, as the scoreboard is the ultimate decider of every game. Below are some basic tips to improve your shot accuracy.

Establish a Guiding Hand

When shooting the basketball, most players will use one hand to push the ball into the air and towards the basket, while they’ll keep another hand to the side of the basketball in order to properly guide it towards the basket. Many players prefer to use their dominant hand as a pushing hand, so the other must be steady and ready to stabilize the shot.

Use Proper Footwork

The direction of your shot depends highly on the posture of your body, which relies on your feet while standing vertically. The better your footwork is, the better your posture will be when you take shots, which will improve your accuracy and gain a more direct idea of where to place the ball.

Stephen Souky teaches his players this and more so that they can become more effective shooters.

Stephen Souky - Common Basketball Mistakes

As a youth basketball coach, Stephen Souky has helped many amateur athletes through the intricacies of the sport. While the rules and scoring structure may seem simple enough, there are many complicated issues in basketball that players need to understand in order to avoid being penalized in any way. Below are some of the common, yet costly mistakes that players make while on the court.

Traveling

In basketball, traveling is when a player moves their feet without properly dribbling the ball. However, pivoting on one foot with the ball is allowed, so long as your pivoting foot doesn’t lift or slide. Some beginners will be so worried about being called for traveling that they do not think about the pivot privilege; however, it is one that can make a great difference in offense.

Shooting Over the Three Point Line

When a player goes for a three-point shot, it is essential to remember that the player’s feet must land outside of the three-point line in order to get the full three points. Some players make shots by jumping over this line and then get frustrated for not being awarded points, but it is the proper rule of the game.

Stephen Souky has helped many players develop their skills to avoid these mistakes.