Accounting Tools

JUNE 11, 2023

Related Courses Accountants' Guidebook Bookkeeping Guidebook Cost Accounting Fundamentals What is the Cost of Sales? The cost of sales is the accumulated total of all costs used to create a product or service, which has been sold.

Cost Accounting 75

Cost Accounting Accounts Payable Accounts Payable Bookkeeping 75

Accounting Tools

JUNE 20, 2023

Related Courses Bookkeeping Guidebook CFO Guidebook New Controller Guidebook What are the Types of Accounting? There are several types of accounting that range from auditing to the preparation of tax returns. Accountants tend to specialize in one of these fields, which leads to the different career tracks noted below.

Accounting 75

Accounting Accounting Financial Statements Auditing 75

Accounting Tools

OCTOBER 7, 2023

Related Courses Accountants’ Guidebook Bookkeeping Guidebook Cost Accounting Fundamentals What is a Deferred Expense? A deferred expense is a cost that has already been incurred, but which has not yet been consumed.

Financial Statements 75

Financial Statements Cost Accounting Financial Reporting Accounting Software 75

Accounting Tools

NOVEMBER 1, 2023

Related Courses Accountants' Guidebook Bookkeeping Guidebook New Controller Guidebook An accountant is a person who records business transactions on behalf of an organization, reports on company performance to management, and issues financial statements.

General Ledger 75

General Ledger Accounting Accounting Financial Statements 75

Accounting Tools

OCTOBER 23, 2023

Related Courses Bookkeeping Guidebook Cost Accounting Fundamentals The difference between cost and expense is that cost identifies an expenditure , while expense refers to the consumption of the item acquired.

Cost Accounting 75

Cost Accounting Billing Bookkeeping Financial Accounting 75

Accounting Tools

DECEMBER 19, 2023

There may be a number of closing entries at the end of each reporting period that the general ledger clerk is tasked with entering into the accounting system. Their reports may be derived from the main system of accounts, but may also include separate data accumulation systems, as may be found with activity-based costing systems.

General Ledger 75

General Ledger Accounting Accounting Financial Statements 75

Accounting Tools

APRIL 6, 2024

Financial Statements Production A reporting group within the department creates adjusting journal entries to bring the company's initial financial results into compliance with the applicable accounting framework , writes footnotes to accompany the financial statements , and releases financials following the end of each reporting period.

Accounting 75

Accounting Accounting Financial Statements Budgeting 75

Accounting Tools

OCTOBER 5, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook The general ledger clerk position is accountable for creating journal entries and assembling supporting documentation, as well as for tracking the contents of accounts , creating portions of the financial statements , and writing related disclosures.

General Ledger 40

General Ledger Financial Statements Accounting Accounting 40

Accounting Tools

MARCH 28, 2023

Related Courses Accounting for Inventory Bookkeeping Guidebook Cost Accounting Fundamentals What is Accounting Cost? Accounting cost is the recorded cost of an activity. An accounting cost is recorded in the ledgers of a business, so the cost appears in an entity's financial statements.

Accounting 40

Accounting Accounting Financial Statements Cost Accounting 40

Accounting Tools

JULY 27, 2023

Related Courses Credit and Collection Guidebook Bookkeeping Guidebook Budgeting CFO Guidebook Cost Accounting Fundamentals New Controller Guidebook Payables Management Payroll Management Project Accounting Someone wanting to enter the accounting field can choose to train for a number of possible positions.

General Ledger 40

General Ledger Accounting Accounting Financial Statements 40

Accounting Tools

SEPTEMBER 24, 2023

What is an Accounting Department? The accounting department is part of the corporate overhead group of an organization. It is responsible for billings, payroll , cost accounting , the production of financial statements , paying suppliers , and similar activities.

Financial Analysis 40

Financial Analysis Accounting Accounting Financial Statements 40

Accounting Tools

OCTOBER 8, 2023

Related Courses Bookkeeping Guidebook Cost Accounting Fundamentals What are Nonmanufacturing Overhead Costs? Nonmanufacturing overhead costs are expenditures not associated with product costs.

Cost Accounting 40

Cost Accounting Bookkeeping Accounting Accounting 40

Accounting Tools

OCTOBER 27, 2023

Related Courses Bookkeeping Guidebook New Controller Guidebook What is Account Analysis? Account analysis involves an examination of the detailed line items comprising an account. Without proper account analysis, these accounts tend to build up amounts that should have been purged at some point in the past.

Accounting 40

Accounting Accounting Reconciling Account Reconciliation 40

Accounting Tools

AUGUST 3, 2023

Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Timeliness of Accounting Information? The timeliness of accounting information refers to the provision of information to users quickly enough for them to take action.

Financial Statements 40

Financial Statements Accounting Accounting Bookkeeping 40

accountingfly

MAY 9, 2024

FTE Accountant | Candidate ID # 20581682 Certifications: CPA planned for 2025 Education: BBA Accounting, MS Accounting Experience (years): 2 years public accounting Work experience (detail): 15+ years client facing, sales experience 2 years Staff Accountant in public accounting Manages 35+ accounting and tax clients 6+ years in banking client relationship (..)

QuickBooks 52

QuickBooks Accounting Accounting CPA 52

Accounting Tools

OCTOBER 5, 2023

Related Courses Accountants’ Guidebook Bookkeeping Guidebook Cost Accounting Fundamentals What is a Revenue Expenditure? A revenue expenditure is a cost that is charged to expense as soon as the cost is incurred. This yields the most accurate income statement results.

Computation 40

Computation Cost Accounting Bookkeeping Accounting 40

Accounting Tools

AUGUST 27, 2023

Related Courses Cost Accounting Fundamentals What is a Factory Ledger? A factory ledger is a cluster of accounts , containing the production costs of a business. These accounts typically include direct materials expense, direct labor expense, and factory overhead expense.

Cost Accounting 40

Cost Accounting Accounting Accounting Bookkeeping 40

Accounting Tools

OCTOBER 23, 2023

So for example, if you go online and look up the job descriptions for a bookkeeper , or a cost accountant , or a general ledger accountant – basically any staff job – you won’t find too many that say the person should have a certification. The situation changes when you look at job descriptions for controllers.

CPA 40

CPA General Ledger Budgeting Auditing 40

IMA's Count Me

DECEMBER 26, 2019

Dennis : (06:45) Yeah, I think the most frequent one I hear is that the CMA is all about cost accounting and that definitely is a misconception. Management accountant has broadened, broadened so much that really the focus now is on cost accounting. Yes, that's, but that's a small part of the exam.

CPA 40

CPA Financial Statements Management Accounting Corporate Finance 40

IMA's Count Me

NOVEMBER 14, 2022

How can accountants help these small businesses as they get in there? Simone: Well, I think the first thing is the accountant needs to adopt the mindset that I am a true business advisor here. I'm not just doing bookkeeping, I'm not just doing accounting. And I'm an educator. I'm not going to be reactive. No, you can't.

CPA 40

CPA Management Accounting Accounting Accounting 40

Cloud Accounting Podcast

SEPTEMBER 9, 2022

Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?

Bookkeeping 40

Bookkeeping Billing Tax CPA 40