Accounting Today
JULY 21, 2023
The CFO must play a crucial role in determining the strategy and tactics to automate and standardize key processes throughout the organization.
Enterprise Recovery: Accounts Receivable
JULY 21, 2023
As the SaaS industry experiences exponential growth, it is not surprising that non-payment issues have become a pressing concern. Non-payment creates cash flow challenges and hampers the ability to invest in product development, customer support, and overall business growth. It's imperative for SaaS companies to address non-payment issues proactively.
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Accounting Today
JULY 21, 2023
The Internal Revenue Service is seeing a surge of tax scams this summer hitting taxpayers via email and text messages touting tax refunds and quick fixes to their tax problems.
Accounting Tools
JULY 21, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Accounting? Accounting is the systematic recordation of the financial transactions of a business. The recordation process includes setting up a system of record keeping, tracking transactions within that system, and aggregating the resulting information into a set of financial reports.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Accounting Today
JULY 21, 2023
With increasing demands from regulators and investors to provide some form of sustainability reporting and climate-related disclosures, companies pursuing mergers and acquisitions need to vet their potential targets more closely.
Accounting Tools
JULY 21, 2023
Related Courses Accounting for Inventory Cost Accounting Fundamentals Inventory Management Many business dictionaries state that there is no difference between the terms work in process and work in progress , so it is possible to interchange the terms. However, there is a difference based on the common usage of the terms process and progress. "Process" implies that there is a manufacturing process in place where products are created under a standardized and ongoing production system.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Nanonets
JULY 21, 2023
Implementing Business Process Automation (BPA) can give your employees extra hours each day. And that means more time for them to focus on core, needle-moving tasks. End result? A much more efficient, and more productive business operation. No employee should have to give up their personal time because they are spending half their workday on tedious, repetitive tasks that can be automated.
Accounting Today
JULY 21, 2023
The US Federal Reserve announced the launch of its new instant payments system, FedNow
Nanonets
JULY 21, 2023
Maintaining accurate financial records is vital for any business, and the general ledger, as the central repository of financial transactions, plays a critical role in this process. Ensuring the accuracy and integrity of the general ledger requires regular reconciliation. However, doing so manually is time-consuming and prone to error and risk. In this article, we will delve into the concept of general ledger reconciliation, its importance to businesses, and how to achieve it efficiently with th
Accounting Today
JULY 21, 2023
ChatGPT provides an opening for educators to use artificial intelligence to help address the pipeline problem.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Nanonets
JULY 21, 2023
The accuracy and reliability of financial reporting are vital for organizations to make informed decisions and meet regulatory requirements. To ensure the integrity of financial data, accountants and bookkeepers rely on the general ledger account reconciliation process. This process involves comparing general ledger accounts with supporting documents using reconciliation software to identify discrepancies and take corrective measures.
Accounting Today
JULY 21, 2023
Centri Business Consulting hosts first Community Collaboration Day; Grant Thornton adds 75 partners; and more news from across the profession.
Accounting Fun
JULY 21, 2023
A few years ago I was researching a new talk that involves a reference to playing cards and was astonished the learn the following. Why didn't anyone ever tell me this before? When you look at the central image of a spade on the Ace of Spades it is often more ornate than that on the other aces and the reason is tax related! Apparently this all began in the 17th century under the reign of King James.
Accounting Today
JULY 21, 2023
The former head of a Thai industrial cable maker at the center of an accounting scandal and debt defaults has been flagged by local authorities seeking to arrest him.
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Accounting Tools
JULY 21, 2023
Related Courses Accounting for Income Taxes What is a Carryback? A carryback is the application of a tax loss to any prior years in which a taxable profit was earned. The concept is used to earn an immediate tax refund from the Internal Revenue Service, thereby recovering taxes paid in prior years. In essence, application of the carryback has the same effect as though the company had overpaid its taxes in prior years.
Accounting Today
JULY 21, 2023
The legislation would make clear when and how crypto firms should register with the SEC or the CFTC, which would gain new powers to directly oversee trading in certain tokens.
Accounting Tools
JULY 21, 2023
Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Vertical Merger? A vertical merger is an acquisition by an organization of a supplier or customer. Buying a supplier is called backward integration , while buying a customer is called forward integration.
Accounting Today
JULY 21, 2023
For private equity organizations crafting acquisition strategies, and for the firms they are eyeing, it's essential to understand these distinctions.
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Accounting Tools
JULY 21, 2023
Related Courses Cost Accounting Fundamentals What is the Direct Material Variance? The direct material variance is the difference between the standard cost of materials resulting from production activities and the actual costs incurred. The direct material variance is comprised of two other variances, which are noted below. It is customary to calculate and report these two variances separately, so that management can determine if variances are caused by purchasing issues or manufacturing problem
NACM
JULY 21, 2023
? Check out today's episode of the Extra Credit podcast! It's all the latest commercial bankruptcy trends.? Hear from Jeff Gregory, CCE; Mike Papandrea; and Jason Torf!
Accounting Tools
JULY 21, 2023
Related Courses Cost Accounting Fundamentals Financial Analysis What is Variable Expense? A variable expense is a cost that alters in conjunction with some type of activity. For example, the direct materials expense increases as sales increase. Other variable expenses are commissions , billable labor, piece rate labor, and credit card fees. A business has few truly variable expenses.
Accounting Tools
JULY 21, 2023
Related Courses Quality Management Fundamentals What are Preventive Costs? Preventive costs are any expenditures incurred that are intended to minimize the number of defects in products and services. For example, a company could invest in training programs for the operators of its production machinery, to ensure that they understand how to manufacture parts correctly.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Accounting Tools
JULY 21, 2023
Related Courses Essentials of Employment Law Human Resources Guidebook Payroll Management What is an Employer? An employer is an organization or individual that pays individuals for work performed under a contract of employment. Because of this arrangement, the employer has a legal obligation to withhold payroll taxes and income taxes from employee pay, and remit these funds to the applicable government.
Accounting Tools
JULY 21, 2023
Related Courses Fair Value Accounting What is Value-in-Use? Value-in-use is the net present value of the cash flows generated by an asset as it is currently being used by the owner. This amount may be less than the net present value of cash flows from the highest and best use to which an asset can be put. For example, the value-in-use of farmland in an urban area could be much lower than its highest and best use, since the farmer could earn more by constructing commercial or residential building
Accounting Tools
JULY 21, 2023
Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is Segment Margin? Segment margin is the amount of net profit or net loss generated by a portion of a business. It is useful to track segment margins (especially on a trend line ) in order to learn which parts of a business are performing better or worse than average.
Accounting Tools
JULY 21, 2023
Related Courses Accounting for Retirement Benefits What is a Vested Benefit Obligation? A vested benefit obligation is the actuarial present value of benefits that have been earned by employees. This obligation is typically associated with multi-year cliff vesting requirements for employees, so a firm whose employees have a relatively high level of seniority will have a larger vested benefit obligation than a firm with newer employees.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Accounting Tools
JULY 21, 2023
Related Courses Activity-Based Management Lean Accounting Guidebook Project Management What is a Value-Added Activity? A value-added activity is any action taken that increases the benefit of a good or service to a customer. A business can vastly increase its profitability by recognizing which activities increase value and which do not, and stripping away the non value-added activities.
Accounting Tools
JULY 21, 2023
Related Courses Business Ratios Guidebook Capital Budgeting The Interpretation of Financial Statements What is the Return on Invested Capital? The return on invested capital compares a firm’s return on capital to its cost of capital. If the comparison yields a positive number that exceeds the current inflation rate, this means that the firm is doing a good job of allocating its funds to projects that yield a reasonable return.
Accounting Tools
JULY 21, 2023
Related Courses Cost Accounting Guidebook Financial Analysis What is the Variable Cost Ratio? The variable cost ratio reveals the total amount of variable expenses incurred by a business, stated as a proportion of its net sales. For example, if the price of a product is $100 and its variable expenses are $60, then the product's variable cost ratio is 60%.
Accounting Tools
JULY 21, 2023
Related Courses Activity-Based Management Constraint Management Lean Accounting Guidebook What is Value Analysis? Value analysis is a systematic review of the production, purchasing and product design processes to reduce overall product costs. This can be accomplished through a variety of activities, including the following: Designing products to use lower-tolerance parts that are less expensive Switching to lower-cost components Standardizing parts across product platforms in order to achieve v
Advertiser: Paycor
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