Sat.May 06, 2023

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Unearned revenue definition

Accounting Tools

Related Courses Accountants' Guidebook How to Audit Revenue Revenue Recognition What is Unearned Revenue? Unearned revenue is money received from a customer for work that has not yet been performed. It is essentially a prepayment for goods or services that will be delivered at a later date. It is most commonly associated with situations where the seller has power over the buyer, or where the seller is providing customized goods to the buyer.

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Warrant definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is a Warrant? A warrant is an option to purchase a certain number of a company's shares at a pre-determined price, within a defined time period. Warrants are frequently included in a bond issuance, so that the bond buyer acquires both the bond and its accompanying interest payments, as well as the option to profit from any increase in the company's share price.

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Primary cost pool definition

Accounting Tools

Related Courses Activity-Based Costing Activity-Based Management What is a Primary Cost Pool? A primary cost pool contains those costs that are closely aligned with the performance of a specific task. Aggregating costs in this manner allows the accountant to compile the cost of the targeted task. Primary cost pools are frequently associated with the production of goods and services.

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Comprehensive tax allocation definition

Accounting Tools

Related Courses Small Business Tax Guide What is a Comprehensive Tax Allocation? Comprehensive tax allocation shows the net effect of taxation on income-generating transactions during a reporting period. This approach is used when someone wants to determine the approximate effect of taxation on a non-standard reporting period that does not match the fiscal year , such as from June of one year to May of the following year.

Tax 40
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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.

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Gas settlement statement definition

Accounting Tools

Related Courses Oil and Gas Accounting What is a Gas Settlement Statement? A gas settlement statement is a document used in the oil and gas industry that details the amount of gas delivered to a purchaser.

Tax 40
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Integrated audit definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement What is an Integrated Audit? An integrated audit involves both the audit by an outside auditor of a client's financial statements and its system of controls over financial reporting. An integrated audit will likely include an extensive examination of the controls associated with a firm’s transaction processing systems.