Insightful Accountant
JULY 9, 2023
Liz Scott shows us how the recently launched feature in QuickBooks will help accountants keep track of important financial information such as revenue, expenses and cash flow.
IMA's Count Me
JULY 9, 2023
Join us in this episode of Count Me In as we welcome our esteemed guest, Nykema Jackson, Head of Reporting, Policy and Technical Accounting at Airbnb. As we navigate the tides of remote work, hybrid models, and the aftershocks of the 'Great Resignation,' Nykema shares her insights into the art of staff development and leadership in these changing times.
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Insightful Accountant
JULY 9, 2023
Insightful Accountant Publisher Gary DeHart and RLJ Financial Services' Caleb Jenkins talk "Scaling New Heights 2023." Check out the latest edition of the Accounting Insiders' podcast.
Accounting Tools
JULY 9, 2023
Related Courses Accounting for Mining What is Waste Rock? Waste rock is barren or marginal ore that has been mined, but which has so little value that it is not worthwhile to engage in additional treatment, so it is discarded. Waste rock is usually removed in order to gain access to a commercially-producible mineral deposit. If so, the cost should be capitalized along with other development costs and then amortized over the life of the mine.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
Insightful Accountant
JULY 9, 2023
Intuit QuickBooks welcomes Michelle Gill as new Senior VP of its Money Platform, commits to accelerated payments for SMBs.
Accounting Tools
JULY 9, 2023
Related Courses Accounting for Investments Bookkeeping Guidebook What is a Financial Asset? A financial asset is an asset whose value comes from a contractual claim. These assets are frequently traded. Financial assets include the following items: Cash Equity of another entity A contractual right to receive cash or similar from another entity or a potentially favorable exchange of financial assets or liabilities with another entity A contract probably to be settled in the entity's own equity and
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
JULY 9, 2023
Related Courses Business Ratios Guidebook The Interpretation of Financial Statements Payables Management What are Accounts Payable Ratios? Accounts payable ratios are designed to measure the operational efficiency of a payables department, as well as its ability to pay suppliers in a timely manner. The operational efficiency ratios are monitored internally as a management function, while the ability to pay is of more interest to outside analysts, who are judging the creditworthiness of a company
Accounting Tools
JULY 9, 2023
Related Courses The Income Statement The Interpretation of Financial Statements What is Operating Income? Operating income is the net income of an entity, not including the impact of any financial activity or taxes. The measure reveals an entity's ability to generate earnings from its operational activities. Operating income is positioned as a subtotal on a multi-step income statement after all general and administrative expenses , and before interest income and interest expense.
Accounting Tools
JULY 9, 2023
Related Courses Cost Accounting Fundamentals What is the Variable Overhead Efficiency Variance? The variable overhead efficiency variance is the difference between the actual and budgeted hours worked, which are then applied to the standard variable overhead rate per hour. The formula is: Standard overhead rate x (Actual hours - Standard hours) = Variable overhead efficiency variance A favorable variance means that the actual hours worked were less than the budgeted hours, resulting in the appli
Accounting Tools
JULY 9, 2023
Related Courses Activity-Based Costing Cost Accounting Fundamentals What is a Fixed Cost? A fixed cost is a cost that does not increase or decrease in conjunction with any activities. It must be paid by an organization on a recurring basis, even if there is no business activity. The concept is used in financial analysis to find the breakeven point of a business, as well as to determine product pricing.
Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence
In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.
Accounting Tools
JULY 9, 2023
Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What are Generally Accepted Auditing Standards? Generally Accepted Auditing Standards is a set of guidelines used by auditors to conduct an audit. These guidelines are promulgated by a national standard-setting body. The guidelines are broken down into general standards, fieldwork standards, and reporting standards.
Accounting Tools
JULY 9, 2023
Related Courses Corporate Finance Treasurer's Guidebook What is Nominal Value? Nominal value is the face value of a security. This amount is printed on the front of the security certificate. For example, the nominal value of a share of common stock with a par value of $0.01 is $0.01. A common nominal value for a bond is $1,000, which is also the amount that the issuer will pay to bond holders when the bond matures.
Accounting Tools
JULY 9, 2023
Related Courses Cost Accounting Fundamentals What is the Variable Overhead Spending Variance? The variable overhead spending variance is the difference between the actual and budgeted rates of spending on variable overhead. The variance is used to focus attention on those overhead costs that vary from expectations. The formula is: Actual hours worked x (Actual overhead rate - standard overhead rate) = Variable overhead spending variance A favorable variance means that the actual variable overhea
Accounting Tools
JULY 9, 2023
Related Courses Investing Guidebook Working Capital Management What is Overtrading? Overtrading is the practice of conducting more business than can be supported by a firm’s working capital. When this happens, a company usually runs out of cash, placing it at considerable risk of bankruptcy. As an example of overtrading, a company seeking more sales offers easy credit to its customers on long payment terms.
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Accounting Tools
JULY 9, 2023
Related Courses Corporate Finance The Interpretation of Financial Statements Treasurer's Guidebook What is Gearing? Gearing is a comparison of the debt and equity invested in a business. The comparison is used to determine the extent to which a business is relying upon riskier debt to fund its operations. For example, a business has $250,000 of debt and $750,000 of equity.
Accounting Tools
JULY 9, 2023
Related Courses Fixed Asset Accounting How to Audit Fixed Assets An operating expense is any expense incurred as part of normal business operations. Depreciation represents the periodic, scheduled conversion of a fixed asset into an expense as the asset is used during normal business operations. Since the asset is part of normal business operations, depreciation is considered an operating expense.
Accounting Tools
JULY 9, 2023
Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is the Contribution Margin? Contribution margin is a product’s price minus all associated variable costs , resulting in the incremental profit earned for each unit sold. The total contribution margin generated by an entity represents the total earnings available to pay for fixed expenses and to generate a profit.
Accounting Tools
JULY 9, 2023
Related Courses How to Conduct an Audit Engagement What is Verification? Verification is the use of various procedures to ensure the accuracy or truth of information. For example, auditors may compare source documents to a balance recorded in a company's general ledger to verify that the balance is correct and recorded within the correct date range.
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Accounting Tools
JULY 9, 2023
Related Courses Corporate Cash Management Treasurer's Guidebook What is Global ACH? A global ACH system expands the use of certain electronic payments beyond the North American region. Doing so makes it easier and less costly to transfer funds to other countries. Electronic payments using the ACH (Automated Clearing House) system are only possible within the United States and Canada.
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