Accounting Today
AUGUST 25, 2023
In an era where technological advancements redefine our day-to-day activities, artificial intelligence and machine learning have emerged as transformative forces in various sectors.
CloudZero
AUGUST 25, 2023
Over the next five years, the cloud computing market is expected to grow at a compound annual growth rate (CAGR) of 18.3%. Cloud-based services are becoming increasingly popular with businesses of all sizes, contributing to the growth of this market.
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Accounting Today
AUGUST 25, 2023
Xero opens submissions for inaugural Beautiful Business Fund; OnBoard launches AI assistant feature; and other news from the accounting technology arena.
NextProcess
AUGUST 25, 2023
Spend and cash flow management are always high on a CFO’s priority list. Because of the implications for finances, purchasing and expense management are typically also a high priority. Managing large-scale expenses typically takes center stage, but everyday expenses also play a big role in company finances. For many years, most procurement teams focused on operational expenses (OpEx) rather than capital expenses (CapEx), which were managed by other departments.
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.
Accounting Today
AUGUST 25, 2023
The Internal Revenue Service is giving people until 2026 to comply with a new requirement for Roth catch-up contributions.
Cloud Accounting Podcast
AUGUST 25, 2023
The requirements to become a licensed CPA differ across states, yet CPAs maintain mobility to practice in multiple jurisdictions. How does this work? David Knoble, Chair of the South Carolina Association of CPAs (SCACPA), joins the show to bust myths around substantial equivalency and mobility rules for CPAs and discuss the SCACPA's proposed changes to licensure requirements in the state to encourage more accountants to become CPAs.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Insightful Accountant
AUGUST 25, 2023
The flagship partner event returns to the US next year in Nashville at the Music City Center, Aug. 14-15. Details inside—with more to come.
Accounting Today
AUGUST 25, 2023
For overpayments and underpayments, the rate will be 8% per year.
Accounting Tools
AUGUST 25, 2023
Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is Capital Employed? Capital employed is the total amount of equity invested in a business. The amount of capital employed can be derived in several ways, some of which yield differing results. The alternative formulations of capital employed are noted below. Whichever method is used should be employed consistently.
Accounting Today
AUGUST 25, 2023
IMA and EFWA award annual scholarships; Dean Dorton appoints pair of Kentucky market leaders; and more news from across the profession.
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
AUGUST 25, 2023
Related Courses Accounting Controls Guidebook Fraud Schemes What is a Countersignature? A countersignature is an additional signature that is required before a legal document is considered valid. Countersignatures are used to provide an additional level of control to arrangements that could potentially involve the loss of a large amount of money. This additional signature is used to indicate that someone has verified the authenticity of the the primary signature placed on a document.
Accounting Today
AUGUST 25, 2023
Keeping the staff you have is just as important as finding new employees, but firms aren't focusing on it enough.
Accounting Tools
AUGUST 25, 2023
Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is a Hidden Reserve? A hidden reserve is an understatement of an entity's net worth. This situation arises when an organization's assets are stated too low and/or its liabilities are stated too high. The situation can arise when certain accounting conventions mandate the most conservative possible treatment of an accounting transaction.
Accounting Today
AUGUST 25, 2023
Corporations relying on carbon credits to support their green claims now face "robust and credible" proof that the vast majority of such securities aren't fit for purpose.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
Accounting Tools
AUGUST 25, 2023
Related Courses Corporate Finance GAAP Guidebook What is a Holding Gain? A holding gain is a gain in value that is generated by retaining ownership of an asset over a period of time. A holding gain does not refer to an upgrade of the asset itself - just a gain that accrues over time. A holding gain may be generated for a variety of reasons, including the following: The general inflation of prices The restriction in the supply of the asset An increase in demand for the asset A future expectation
Accounting Today
AUGUST 25, 2023
Tax professionals may be unaware of the potential benefits that can be gained by partnering with a wealth manager.
Accounting Tools
AUGUST 25, 2023
Related Courses Corporate Finance GAAP Guidebook What is a Holding Loss? A holding loss is a reduction in the value of an asset that continues to be owned. Depending on the circumstances, a holding loss may be recognized by the holder of the asset. Alternatively, the loss may not be recognized until the asset is dispositioned at a future date. A holding loss cannot be used to offset taxable gains; the related asset must first be sold.
Accounting Fun
AUGUST 25, 2023
A retired tax inspector once told me that the correct collective noun was a 'bunch of bastards'! I've since been collating other suggestions: A grab of tax inspectors A menace. A conniving. A tithe. A levy (levee). A Grabble. An Inquisition. A Bogy. A Spectre. A Digger. A ruination. An infliction. A calamity. A chill. A pack. A frisson. A vexation. A ravishment.
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The status quo for AP in small and mid-market companies is broken. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization. Spend management is a different way of thinking and an innovation whose time has come.
Accounting Tools
AUGUST 25, 2023
Related Courses Bookkeeping Guidebook How to Audit Revenue Revenue Recognition What is Bill and Hold? A bill and hold transaction is one in which the seller does not ship goods to the buyer, but still records the related revenue. Revenue can only be recognized under this arrangement when a number of strict conditions have been met. Otherwise, there is a risk of fraudulently recognizing revenue too early.
NACM
AUGUST 25, 2023
?️ For this week's episode of Extra Credit, we invited five emerging credit leaders to share their experiences, lessons learned and plans for the future!⭐ Hear from Brittany Yvon, CICP CBA; Kara Eppard; Christopher Finley, CICP; Jill Burns; and Yazmin Yepez! Unlock your leadership potential by joining NACM's new Emerging Leaders Thought Discus.
Accounting Tools
AUGUST 25, 2023
Related Courses How to Conduct an Audit Engagement Internal Auditing Guidebook What is a Horizontal Audit? A horizontal audit involves the examination of the same activity across an organization. For example, an audit could review how travel and entertainment reports are processed across every department of a company. This activity is designed to detect differences in how processes are handled in different parts of an organization.
Nanonets
AUGUST 25, 2023
If you use text files to store and manage data, you've probably faced the challenge of converting these files into CSV, XLSX, or other Excel-compatible formats. Excel is a powerful tool for data analysis, modeling, reporting, and more. It can even handle large amounts of data efficiently. However, you must first bring your data into Excel to make the most of these capabilities.
Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC
In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.
Accounting Tools
AUGUST 25, 2023
Related Courses Corporate Finance GAAP Guidebook What is a Holding Period? A holding period is the duration of an investment by an investor. It begins with the purchase date by the investor and ends with the sale date. When an investor is engaged in a short transaction , the holding period begins with the date when the security is borrowed and ends with its return.
Billing Platform
AUGUST 25, 2023
Is your finance team tethered to an endless supply of spreadsheets? Are steps frequently missed within the billing and payment processes? Are you hiring additional resources to handle the financial close process? Do you struggle with invoice errors that are dipping into your profits. Is adherence to regulations like ASC 606 or IFRS 15 causing additional and repetitive work for your financial team?
Accounting Tools
AUGUST 25, 2023
Related Courses Corporate Finance Treasurer's Guidebook What is a Holder of Record? A holder of record is the registered owner of a security. This person or other entity must be listed in the security issuer's stock ledger in order to be the holder of record. The concept is of most importance when determining who should receive dividend or interest payments as of the date when they are to be distributed, as well as the ability to vote in corporate elections.
Accounting Today
AUGUST 25, 2023
Two Republican lawmakers are asking the Internal Revenue Service to explain what happened to microfilm cartridges filled with years' worth of taxpayer data that appear to have vanished.
Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker
If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!
Accounting Tools
AUGUST 25, 2023
Related Courses Corporate Cash Management Payables Management What is a Cheque? A cheque is an authorization to draw funds from a bank account. In order to do this, a cheque must state the name of the payee , the amount to be paid, and the date. A cheque is one of the more common forms of payment used, though its usage has declined as various types of electronic payment have gained in popularity.
Accounting Tools
AUGUST 25, 2023
What is a Fringe Benefit Rate? Related Courses Human Resources Guidebook Payroll Management A fringe benefit rate is the proportion of benefits paid to the wages paid to an employee. The rate is calculated by adding together the annual cost of all benefits and payroll taxes paid, and dividing by the annual wages paid. For example, if the total benefits paid were $25,000 and the wages paid were $100,000, then the fringe benefit rate would be 25%.
Accounting Tools
AUGUST 25, 2023
Related Courses Accounting for Derivatives and Hedges What is a Fair Value Hedge? A fair value hedge is a hedge of the exposure to changes in the fair value of an asset or liability. It is used to minimize fluctuations in earnings caused by changes in fair values.
Accounting Tools
AUGUST 25, 2023
Related Courses Home Office Deduction What is the Home Office Deduction? The home office deduction is an income tax deduction that an individual can take for maintaining an office in his or her residence. In order to take the deduction, the taxpayer must meet the following requirements: The space must be exclusively set aside for business use, and is regularly used in that capacity If the individual is an employee , the space must be maintained for the convenience of his or her employer The expe
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