Tue.Sep 26, 2023

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How will intuitive AI impact the accounting world?

Accounting Today

In the context of accounts payable, generative AI can create text-based documents, such as invoices or purchase orders, by analyzing patterns and information from historical data.

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Intuit’s New Food Truck Program Empowers Underserved Youth with Vital Financial, Technical, and Entrepreneurial Skills

Intuit

To that end, Intuit has introduced a technical and entrepreneurial educational program providing fully operational food trucks to school districts, with curriculum to teach high schoolers how to run and operate a small business using Intuit’s financial tools. The food trucks are equipped with commercial-grade kitchens, enabling students to build real-world skills and experiences in a professional context and setting.

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PCAOB fines BDO USA $2M over audit violations

Accounting Today

The board levied a $2 million penalty against the Chicago-based Top 10 Firm for violating its auditing rules and standards, and sanctioned two of its audit partners.

Auditing 287
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Budget Season is Right Around the Corner

Accounting Department

Budget season is right around the corner and it is time for financial teams to come together and start planning for 2024, but are you ready?

Budgeting 203
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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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IRS ups per diem rates for business travel

Accounting Today

As inflation continues to rise, the service is increasing some, but not all, of the special per diem rates for expenses while traveling.

Tax 311
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Payout ratio definition

Accounting Tools

Related Courses Corporate Finance Investor Relations Guidebook Public Company Accounting and Finance What is the Payout Ratio? The payout ratio is the proportion of dividends that a company pays to investors in relation to its reported net income. It is expressed as a percentage of the firm’s reported earnings. Investors use it to assess the ability of a business to pay dividends.

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Corporate Card Management

Tipalti

Learn how to optimize your corporate card management system and ensure compliance with our roundup of best practices. You’ll learn how to maximize efficiency and control expenses.

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IRS shifts focus to HNW individuals and pass-throughs

Accounting Today

From more agents to the deployment of AI, the service is directing resources where the money is.

Auditing 330
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Improve Procurement Visibility ASAP: 5 Must-Follow Steps

NextProcess

5 Steps to Improve Procurement Visibility (And Why You Need To Right Now) How is your company’s procurement visibility? If it’s like 69% of companies surveyed in a 2017 study, then you don’t have total visibility into your supply chain ( GEODIS, cited by Finances Online ). Of the companies responding to that survey, only 6% said they had total visibility.

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KPMG to cut 125 U.K. consulting jobs as demand drops

Accounting Today

Other Big Four firms are also introducing cuts in the U.K. after a period of over-hiring during the pandemic.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

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.

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Multi-Entity Accounting

Tipalti

Managing a business with multiple entities requires complex multi-entity accounting processes that pose unique challenges and opportunities. Learn how to navigate multi-entity accounting.

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IRS expands chatbots to under-reporters

Accounting Today

Taxpayers who receive CP2000 notices can now get help from bots for basic questions, rather than having to wait for a rep.

Tax 287
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Running a Profitable and Sustainable Business

Reconciled Solutions

Angie talks about running a profitable and sustainable business instead of “just getting by” and wondering where the cash is going. The post Running a Profitable and Sustainable Business appeared first on Reconciled Solutions.

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Armanino merges in Janover

Accounting Today

The Top 20 Firm is expanding its presence in New York by adding a Regional Leader.

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Your New & Improved Month-End Close Process Is Not So Far Out of Reach!

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!

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Auditing Essentials: Ensuring Financial Compliance for Businesses

Billah and Associates

In today’s dynamic and highly regulated business landscape, maintaining financial compliance is crucial for businesses of all sizes. One of the key tools for ensuring compliance and financial integrity is auditing. In this blog post, learn more about the auditing essentials and how it plays a vital role in safeguarding a company’s financial health and reputation. 5 Auditing Essentials You Need to Know What is Auditing and its Purpose Auditing serves as an independent and systematic e

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Complete your employee benefit plan audit before the extended deadline

Accounting Today

Less than a month is a small window for an auditor to complete their work.

Auditing 294
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The Limitations Of Combining CloudHealth And Kubecost

CloudZero

Ever since its release in September 2014, Kubernetes has been equally powerful and meme-able in the engineering world. For all the magic of its container orchestration and compute resource management, it’s also mysterious and, to many, confounding — especially when it comes time to pay for it.

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Look abroad to ease your pipeline concerns

Accounting Today

More than 10% of candidates for the CPA exam live outside the U.S.

CPA 293
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The Definitive Guide to Spend Management

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.

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APB opinions definition

Accounting Tools

Related Courses GAAP Guidebook International Accounting What are APB Opinions? APB opinions are the 31 authoritative issuances of the Accounting Principles Board (APB). Each of these opinions dealt with a different accounting issue. The intent of each opinion was to clarify an accounting topic that was experiencing differing amounts of interpretation from the issuers of financial statements.

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Practice Profile: Aligned visions

Accounting Today

A successful merger with Top 100 Firm Carr, Riggs & Ingram has spurred Level Four Group's rapid expansion and continues to provide new growth opportunities

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Equivalent taxable yield definition

Accounting Tools

Related Courses Corporate Finance Governmental Accounting What is Equivalent Taxable Yield? Equivalent taxable yield is the effective interest rate that must be offered on a taxable bond instrument in order to arrive at the same after-tax yield built into a tax-exempt bond instrument. This amount is always higher than the interest rate on a tax-exempt bond, because the investor must pay income taxes on the income from the taxable bond.

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TIGTA says IRS must improve cybersecurity log management

Accounting Today

A recent report said the service needs to improve its reviews of suspicious cyber activity and strengthen separation of duties.

Tax 188
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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

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.

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Call price definition

Accounting Tools

Related Courses Accounting for Bonds Accounting for Investments Corporate Finance What is a Call Price? A call price is the price at which the holder of a bond can be forced by the issuer to sell back the bond to the issuer. A call occurs prior to the maturity date of the bond, usually because the issuer can refinance the debt at a lower interest rate.

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In the blogs: Conflicting ideas

Accounting Today

Property-tax map; zero due meaning; partners' pay differences; and other highlights from our favorite tax bloggers.

Tax 126
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Callable preferred stock definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is Callable Preferred Stock? Callable preferred stock is preferred shares in a business that can be bought back by the issuer at a certain price. The call price and other conditions are included in the indenture associated with the stock. Advantages of Callable Preferred Stock A call feature is to the advantage of the issuer, since it can recall shares if the market interest rate declines, and replace it with lower-cost preferred stock

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Member Spotlight: Valuable Tools for the Future

NACM

Commitment is key in accomplishing your career goals. Your drive and determination are important in order to stay focused on what you want to accomplish. Through NACM's Professional Certification Program, credit professionals have an opportunity to grow and learn more about the profession with educational courses offered. "Making the commitment to.

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Putting the ‘Tech’ in Spend Management Techniques

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!

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Equipment rental expense definition

Accounting Tools

Related Courses The Income Statement What is Equipment Rental Expense? Equipment rental expense is an account in which is stored the year-to-date expense associated with renting various types of equipment. The total for this account may appear as a separate line item in the income statement , or it may be aggregated with other accounts into a line item with a different designation.

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Trump found liable for fraud in New York case

Accounting Today

The judge sided with Letitia James on her allegation that Trump repeatedly engaged in fraud by claiming exaggerated values for some of his best properties on his annual statements of financial condition.

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Cash flow after taxes definition

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is Cash Flow After Taxes? Cash flow after taxes is the amount of net cash flow relating to operations that remain after all related income tax effects have been included. It is usually calculated by adding back all non-cash charges to net income. This measurement is a good way to determine whether a business is generating positive cash flows after the effects of income taxes have been included.

Tax 40
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Cashier's check definition

Accounting Tools

Related Courses Corporate Cash Management Treasurer's Guidebook What is a Cashier’s Check? A cashier’s check is a check written by a financial entity on its own funds. This check is signed by an officer or other employee of the bank, and includes the name of the payee. Payment of the underlying funds is guaranteed by the bank. A cashier’s check is considered a very safe form of payment.

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.