Accounting Tools

FEBRUARY 11, 2024

Activity cost drivers are not required in the formulation of financial accounting information. Instead, they are used in management information systems, where members of the management team examine cost drivers to see if there are ways to strip costs out of the business.

Cost Accounting 40

Cost Accounting Collections Financial Accounting Accounting 40

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. Unfortunately, cost and expense tend to be used interchangeably even within the accounting terminology.

Cost Accounting 75

Cost Accounting Bookkeeping Billing Financial Accounting 75

Accounting Tools

MAY 15, 2023

Related Courses Activity-Based Costing Cost Accounting Fundamentals Cost Management Guidebook What is Cost Structure? Cost structure refers to the types and relative proportions of fixed costs and variable costs that a business incurs.

Customer Service 75

Customer Service Cost Accounting Payroll Billing 75

Accounting Tools

OCTOBER 11, 2023

Additional Accounting Topics The presented basics of accounting only note the barest outline of the functions performed by the accountant. There are numerous more advanced topics that fall under the umbrella of accounting, as noted below.

Accounting 75

Accounting Accounting Record Keeping Purchase Order 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

NOVEMBER 1, 2023

Areas of Accounting Specialization There are many sub-fields within accounting in which a person can specialize. For example, there are tax accountants , cost accountants , payroll clerks , billing clerks , general ledger accountants , and collection clerks.

General Ledger 75

General Ledger Accounting Accounting Financial Statements 75

SMB Accounting and Consulting

DECEMBER 2, 2020

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. What exactly is GAAP?

Accruals 87

Accruals Financial Records Accounting Accounting 87

IMA's Count Me

DECEMBER 26, 2019

So if you want to go into public accounting, by all means I recommend that you get a CPA. But if you want to work inside an organization, for example, as a CFO, as a controller, as a senior financial accountant or senior management accountant, then by all means I recommend the CMA. It's really about planning.

CPA 40

CPA Financial Statements Corporate Finance Management Accounting 40

IMA's Count Me

AUGUST 29, 2021

The impetus behind that was that rightly so they believe that management accounting was a distinct profession from public accounting and that the competencies needed inside organizations were different from public accounting. There was quite a bit of overlap.

Management Accounting 40

Management Accounting Financial Analysis Accounting Accounting 40

IMA's Count Me

DECEMBER 12, 2021

Sometimes in the most famous example of, digitization in, the finance and accounting world is the ERP implementation or the system that integrate the entire business, from end, to end. What tools we have in the world? What's relevant to our industry and what's relevant to our function?

General Ledger 40

General Ledger Invoicing Budgeting Accounting 40

IMA's Count Me

SEPTEMBER 21, 2022

And at the time I was taking our cost accounting class which I was really enjoying. And later on I talked to the speakers, they introduced the CMA exam scholarship, and my cost professor, Ms. Tori: Yeah, so I found out about the CMA exam during an IMA presentation at my Beta Alpha Psy meeting during undergrad.

Computation 40

Computation CPA Management Accounting Financial Reporting 40