Accounting Tools
JUNE 17, 2023
Related Courses Bookkeeping Guidebook Effective Collections How to Audit Receivables What is Accounts Receivable? Accounts receivable refers to money due to a seller from buyers who have not yet paid for their purchases. The amounts owed are stated on invoices that are issued to buyers by the seller. The issuance of an invoice implies that the seller has granted credit to a customer.
Nanonets
JUNE 17, 2023
Account reconciliation is a critical process in accounting, which ensures that financial records are accurate and consistent. This article will provide an in-depth understanding of account reconciliation, its benefits, and how businesses can leverage technology to automate the process. By incorporating efficient reconciliation in accounting practices, organizations can maintain a solid financial foundation, detect discrepancies, and reduce the risk of financial errors.
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Accounting Tools
JUNE 17, 2023
Related Courses Fair Value Accounting What is Fair Value? Fair value is the price that two parties are willing to pay for an asset or liability , preferably in an active market. In this situation, the effects of supply and demand will likely impact the value associated with the asset under examination. A less accurate measure of fair value is when there is an active market for a similar item, while the least accurate measurement method is to use the discounted cash flows associated with the futu
Accounting Tools
JUNE 17, 2023
Related Courses Business Ratios Guidebook Business Valuation Financial Analysis The Interpretation of Financial Statements What is Book Value per Share? Book value per share compares the amount of stockholders' equity to the number of shares outstanding. If the market value per share is lower than the book value per share, then the stock price may be undervalued.
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Accounting Tools
JUNE 17, 2023
Related Courses Corporate Finance Investor Relations Guidebook Public Company Accounting and Finance What is a Seasoned Issue? A seasoned issue is an additional security issuance for which there is already an established secondary market. These securities have already been traded for a sufficient period of time that investors can count on a reasonable amount of price stability and trade volume.
Accounting Tools
JUNE 17, 2023
Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Commitment Fee? A commitment fee is the amount charged by a lender to keep a specific loan amount available to a borrower. This fee may also be charged for the unused portion of a line of credit. The typical commitment fee begins at 0.25% of the undisbursed loan amount, and can exceed 1.0%.
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Accounting Tools
JUNE 17, 2023
Related Courses Fraud Schemes Money Laundering Public Company Accounting and Finance What is a Shell Corporation? A shell corporation is an entity with no significant assets or business operations. There are a number of reasons for having a shell corporation. For example, it has just been formed and is being used for the collection of financing before acquiring assets and starting operations.
Accounting Tools
JUNE 17, 2023
Related Courses How to Conduct an Audit Engagement The Audit Risk Model What is Engagement Risk? Engagement risk is the overall risk associated with an audit engagement. It can include a loss of reputation from being associated with a particular client, and financial losses from the association. Engagement risk tends to increase when a client is in a weak financial condition, and especially when it will likely require additional financing in order to survive.
Accounting Tools
JUNE 17, 2023
Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is a Bad Check? A bad check is a check that a bank refuses to honor. There are multiple reasons why a bank may take this course of action. For example, a check might be drawn on a non-existent bank account, or the account on which the check is drawn does not contain sufficient funds, or the check was not signed, or the check was not endorsed.
Accounting Tools
JUNE 17, 2023
Related Courses Credit and Collection Guidebook Effective Collections What is a Credit Reference? A credit reference is a person's prior borrowing history, used as proof of creditworthiness in a credit application. Credit references are a common component of the credit applications of creditors and lenders. A credit reference can be a simple statement of contact information, which is used to contact an individual or business for a verbal reference; it can also be in the form of a letter, in whic
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
JUNE 17, 2023
Related Courses Credit and Collection Guidebook Effective Collections What is a Check Guarantee? A check guarantee is a service provided to merchants, ensuring that a check will be paid. If a check bounces, the guarantor steps in and pays the amount of the check to the merchant; the guarantor then pursues payment of the check. In exchange for this service, the guarantor charges a fee to the merchant.
Accounting Tools
JUNE 17, 2023
Related Courses New Manager Guidebook What is Span of Control? The span of control refers to the average number of people managed by each supervisor in a business. The span of control tends to be quite broad when jobs are routine and highly regimented, such as a production line. Conversely, the span of control is narrower when the nature of the work is highly complex and varies substantially from day to day.
Accounting Tools
JUNE 17, 2023
Related Courses Internal Auditing Guidebook What is Internal Audit? Internal audit refers to the department located within a business that monitors the efficacy of its processes and controls. The internal audit function is especially necessary in larger organizations with high levels of process complexity, where it is easier for process failures and control breaches to occur.
Accounting Tools
JUNE 17, 2023
Related Courses Capital Budgeting Financial Analysis What is the Incremental Internal Rate of Return? The incremental internal rate of return is an analysis of the financial return to an investor or entity where there are two competing investment opportunities involving different amounts of investment. The analysis is applied to the difference between the costs of the two investments.
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
JUNE 17, 2023
Related Courses Corporate Finance What is Adjustable Rate Preferred Stock? Adjustable rate preferred stock is a type of preferred stock that pays out a dividend that is modified by changes in a benchmark rate. Modifications to the dividend typically occur on a quarterly basis. A common benchmark is the rate associated with Treasury bills. The calculation of the dividend and the linked benchmark rate is set when the shares are issued.
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