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SEPTEMBER 2, 2023
Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Private Placement? A private placement is the sale of a security to a small number of investors. Issuing entities are interested in private placements because these transactions avoid the time-consuming process of having securities registered for sale to the general public through the Securities and Exchange Commission.
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SEPTEMBER 2, 2023
Related Courses Constraint Management Effective Sales Management How to Set Prices Based on Throughput The use of throughput concepts can be used to arrive at product price points that allow for a sufficient amount of cash spinoff to fund the continuing growth of a business. In essence, throughput focuses on the amount of profit that can be derived by altering the mix of products passing through a bottleneck operation.
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Accounting Tools
SEPTEMBER 2, 2023
Related Courses Constraint Management What is the Theory of Constraints? The theory of constraints states that any system contains a choke point that prevents it from achieving its goals. This choke point, which is also known as a bottleneck or constraint , must be carefully managed to ensure that it is operational as close to all of the time as possible.
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SEPTEMBER 2, 2023
Related Courses Constraint Management A constraint limits the output that an entity can produce. When viewing such constraints , the key issue is whether an expansion of the constraint could result in more sales. If so, proper management of the constraint can lead to more profits. Given the importance of the constraint concept, it is of great importance to understand the types of constraints to which a business may be subjected.
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SEPTEMBER 2, 2023
Related Courses Constraint Management Effective Sales Management The Traditional Bottleneck Location A business can enhance its throughput and therefore its profitability by locating the bottleneck in its operations and taking whatever steps are necessary to mitigate the impact of that bottleneck. For example, a bottleneck operation can be provided with an inventory buffer, additional staffing, outsourced production, more production equipment, and so forth.
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SEPTEMBER 2, 2023
Related Courses Capital Budgeting Constraint Management Capital budgeting is the process of reviewing requests to purchase fixed assets. There are a number of methods available for doing so; most are based on the concept of changes in cash flows related to the specific asset in question. Using these methods does not necessarily result in the correct investments.
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Accounting Tools
SEPTEMBER 2, 2023
Related Courses How to Audit Human Resources Human Resources Guidebook Payroll Management What is a Deferred Compensation Plan? A deferred compensation plan delays the payment by employees of any related income taxes until such time as the compensation is actually paid to them. The ideal plan also allows the employer to claim an expense deduction prior to the compensation payment date.
Accounting Tools
SEPTEMBER 2, 2023
Related Courses Partnership Tax Guide S Corporation Tax Guide Types of Business Entities What are Distributions? A distribution involves the issuance of assets from a business or trust to an owner or beneficiary. This is usually done when a business is terminated, an owner retires, or there is a requirement to distribute assets. There are a number of ways to make distributions to the investors in "C" corporations and "S" corporations , as well as other entities, such as partnerships and trusts.
Accounting Tools
SEPTEMBER 2, 2023
Related Courses Small Business Tax Guide Tax Research Techniques What is Tax Planning? Tax planning is the development of a strategy for minimizing or delaying an entity's tax burden within the structure of its financial and operational plans. The result can be a reduction in the effective tax rate paid, leaving more cash for other purposes. Several tax planning strategies are noted below.
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SEPTEMBER 2, 2023
Related Courses Small Business Tax Guide What is Imputed Interest Expense? The imputed interest rate is the interest rate that is assumed to have been paid for tax purposes, irrespective of the actual rate paid. This rate is used to maximize the taxable income reported to the Internal Revenue Service (IRS). The IRS taxes interest income at the highest tax rate (which is classified as ordinary income ).
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 Tools
SEPTEMBER 2, 2023
Related Courses Partnership Accounting Partnership Tax Guide How Partnerships are Taxed The essential concept of partnership taxation is that all profits and losses flow through to the partners in the business, who are then responsible for these amounts. Thus, the business entity does not pay income taxes. A partnership is considered to be an arrangement where at least two people are engaged in business without sheltering behind a corporate entity.
Accounting Tools
SEPTEMBER 2, 2023
Related Courses S Corporation Tax Guide Types of Business Entities What is an S Corporation? An S corporation is a corporate entity that passes its income through to its owners, so that the entity itself does not pay income taxes. The owners report the income on their tax returns , thereby avoiding the double taxation that arises in a regular "C" corporation.
Accounting Tools
SEPTEMBER 2, 2023
Related Courses How to Audit Receivables How to Conduct an Audit Engagement How to Audit Accounts Receivable If your company is subject to an annual audit , the auditors will review its accounts receivable in some detail. Accounts receivable is frequently the largest asset that a company has, so auditors tend to spend a considerable amount of time gaining assurance that the amount of the stated asset is reasonable.
Accounting Tools
SEPTEMBER 2, 2023
Related Courses The Balance Sheet The Income Statement The Interpretation of Financial Statements Definition of Other Comprehensive Income Other comprehensive income contains all changes that are not permitted to be included in profit or loss. It is particularly valuable for understanding ongoing changes in the fair value of a company's assets. If an item listed in other comprehensive income becomes a realized gain or loss, you then shift it out of other comprehensive income and into net income
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.
Accounting Tools
SEPTEMBER 2, 2023
Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Monetary Unit Principle? The monetary unit principle states that you only record business transactions that can be expressed in terms of a currency. Thus, a company cannot record such non-quantifiable items as employee skill levels, the quality of customer service, or the ingenuity of the engineering staff.
Accounting Tools
SEPTEMBER 2, 2023
Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Time Period Principle? The time period principle is the concept that a business should report the financial results of its activities over a standard time period, which is usually monthly, quarterly, or annually. Once the duration of each reporting period is established, use the guidelines of Generally Accepted Accounting Principles or International Financial Reporting Standards to record transac
Accounting Tools
SEPTEMBER 2, 2023
Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Reliability Principle? The reliability principle is the concept of only recording those transactions in the accounting system that you can verify with objective evidence. Examples of objective evidence are purchase receipts, cancelled checks , bank statements , promissory notes , and appraisal reports.
Accounting Tools
SEPTEMBER 2, 2023
Related Courses Accountants' Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Accrual Principle? The accrual principle is the concept that you should record accounting transactions in the period in which they actually occur, rather than the period in which the cash flows related to them occur. The accrual principle is a fundamental requirement of all accounting frameworks , such as Generally Accepted Accounting Principles and International Financial Reporting Standards.
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
SEPTEMBER 2, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is the Accruals Concept in Accounting? An accrual is a journal entry that is used to recognize revenues and expenses that have been earned or consumed, respectively, and for which the related cash amounts have not yet been received or paid out. Accruals are needed to ensure that all revenues and expenses are recognized within the correct reporting period , irrespective of the timing of the related cash flows.
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