This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Related Courses Going Concern Audit Issues How to Conduct an Audit Engagement What is the Going Concern Qualification? The going concern principle is that you assume a business will continue in the future, unless there is evidence to the contrary. When an auditor conducts an examination of the accounting records of a company, he or she has an obligation to review its ability to continue as a going concern; if the assessment is that there is a substantial doubt regarding the company's ability to
With the "unprecedented" events of the past few years, businesses are looking to become more efficient in all areas of their organizations. An area that is often overlooked due to its manual processes is accounts receivable. Even though payments by check have declined since 2019, thirty percent of B2B clients are still writing checks and sending them in the mail.
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is a Ledger Account? A ledger account contains a record of business transactions. It is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of Ledger Accounts Examples of ledger accounts are cash, accounts receivable, inventory, fixed assets, accounts payable accrued expenses, debt, stockholders’ equity, revenu
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.
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.
Related Courses Cost Accounting Fundamentals Cost Management Guidebook What is a Deferred Cost? A deferred cost is a cost that you have already incurred, but which will not be charged to expense until a later reporting period. In the meantime, it appears on the balance sheet as an asset. The reason for deferring recognition of the cost as an expense is that the item has not yet been consumed.
How AI Is Revolutionising Accounting For Small Businesses In the modern business world, Artificial Intelligence (AI) like ChatGPT has made remarkable strides, presenting unprecedented opportunities to revolutionise accounting services for small businesses. AI can streamline accounting processes, enhance the accuracy and efficiency of financial data analysis, and speed up financial reporting to levels previously unimaginable.
Cross-border payments are transactions sent from one country and received in a different country. Transfer fees, bank fees, local currency, foreign currency conversion rates, exchange fees, and international credit card fees may apply to cross-border transactions.
52
52
Sign up to get articles personalized to your interests!
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Cross-border payments are transactions sent from one country and received in a different country. Transfer fees, bank fees, local currency, foreign currency conversion rates, exchange fees, and international credit card fees may apply to cross-border transactions.
Developing bad habits is easy to do in the early days of running your accounting firm. It’s also understandable. Who has time to keep everything in order when your focus is on growing your firm? One of the more common “bad habits” is unorganized and incomplete client folders, which vary from one client to the next. As your firm grows, this will likely cause several issues, including: Endless back-and-forths with clients Missed deadlines Erroneous mistakes on crucial documents Undue frustration f
CFOs play a prominent role in the success of a business. They protect the company’s finances and steer the business towards continuous improvement by taking actions dependent on the existing scenario. Hiring a CFO can be a good idea if you own or manage a startup and find managing the key aspects of your finances to be challenging. If your company is not yet ready to hire a full-time CFO, there are great options available for you.
You already know about the standard suite of CPA tools available: QuickBooks, Xero, NetSuite, and others. But are there other tools you should consider to help run your business and be more productive? Reliable software tools can make your job easier and scale with you as you grow your firm rather than limit your potential or overcomplicate operations.
Awards not presented at this year's Taxation awards celebration included: Large firm Longest name for a tax team in a large firm Most widely dispersed tax 'team' in a large firm Medium sized firm Highest percentage lock-up in a medium sized firm Most imaginative disclosure on a tax return by a medium sized firm Longest meeting with HMRC in a medium sized firm Most fee notes for tax advice given to one client in one year, in a medium sized firm Small firm Worst client toilet in a small firm Best
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.
Streamline workflow processes with QuickBooks integrations. This guide walks you through the top QuickBooks integrations, their benefits, and how to get started.
Related Courses Business Ratios Guidebook Key Performance Indicators The Interpretation of Financial Statements What are Activity Ratios? Activity ratios measure how well an organization uses its assets to generate revenue. A well-managed organization minimizes its use of receivables , inventory , and fixed assets while still generating the largest-possible amount of revenue.
Lien rights grant legal authority for contractors, subcontractors and suppliers to file a mechanic's lien against the owner's property or, in the case of a government project, the right to make a bond claim. It is also a security to force payment. But statutory changes like with Texas' recent property code make it harder to protect those lien right.
What is Consideration? Consideration is a payment made by one party to another in exchange for the transfer of something of value. Consideration can include the payment of property, the settlement of an obligation , or forbearance. It must be of value to both parties entering into a transaction. If valuable consideration is not part of a contract, the contract can be declared invalid.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
? Supplier vetting falls under the ever-expanding list of credit department responsibilities. Credit professionals can use their risk management skills on the other side of business to protect their company from faulty suppliers.⭐ On today's episode of the Extra Credit #podcast, hear from Kevin Chandler; Shaun Papperman, CCE, CICP, CCRA; and.
Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is a Depreciable Asset? A depreciable asset is property that provides an economic benefit for more than one reporting period. A capitalization limit may also be applied to keep lower-cost purchases from being classified as depreciable assets. A qualifying expenditure is initially classified as an asset , after which its cost is gradually depreciated over time to reduce its book value.
Related Courses Corporate Cash Management Corporate Finance What is the Stated Interest Rate? The stated interest rate is the interest rate listed on a bond coupon. This is the actual amount of interest paid by the bond issuer. Thus, if the issuer pays $60 on a bond with a face value of $1,000, then the stated interest rate is 6%. An investor can adjust the effective interest rate received by paying more or less than the face value when buying a bond.
Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is Due Diligence? Due diligence is the research conducted prior to engaging in an acquisition transaction. Working through a due diligence checklist allows someone to have a full knowledge of the risks associated with a transaction.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Related Courses Credit and Collection Guidebook What is a Credit Limit? A credit limit is the maximum amount of credit offered to a customer. It is used to limit the amount of loss that a business will sustain if a customer does not pay. The amount of a credit limit is established by the credit department. The amount of the credit limit is based on a number of factors, such as the following: A customer’s credit score, as calculated by a credit rating agency.
Related Courses Operations Management What is Downtime? Downtime is the period during which equipment is not operational. This situation is caused by such factors as maintenance, setup for a job, broken equipment, or missing inputs, such as raw materials or qualified operators. Managers try to minimize downtime in order to maximize equipment availability, which increases the capacity of a business.
Related Courses Closing the Books The Soft Close The Year-End Close Which Accounts are Closed at Year End? At the end of a company's fiscal year , all temporary accounts should be closed. Temporary accounts accumulate balances for a single fiscal year and are then emptied. Conversely, permanent accounts accumulate balances on an ongoing basis through many fiscal years, and so are not closed at the end of the fiscal year.
Related Courses Accounting for Intangible Assets The goodwill of a reporting unit should be tested for impairment on an annual basis, which can be performed at the same time in each succeeding year. It is not necessary to test all reporting units of a business at the same time. The accountant should also test the goodwill of a reporting unit for impairment between the normal annual tests if there is a change that would more likely than not reduce its fair value below its carrying amount.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
Related Courses Cost Accounting Fundamentals Cost Management Guidebook What is Cost Control? Cost control involves targeted expenditure reductions in order to increase profits. Implementing this level of control can have a profoundly positive impact on profits over the long term. The following four steps are associated with cost control: Step 1. Create a Baseline Establish a standard or baseline against which actual costs are to be compared.
Related Courses The Income Statement The Interpretation of Financial Statements What is a Partial Income Statement? A partial income statement reports information for only part of a normal accounting period. This tends to be a special-purpose document that is only used once. For example, a company may have acquired another business in the middle of a month, and so only needs the financial results of the acquiree for the remaining days of the accounting period for consolidation purposes.
Related Courses Activity-Based Costing Activity-Based Management Cost Accounting Fundamentals What is Activity-Based Costing? Activity-based costing (ABC) is a methodology for more precisely allocating overhead costs by assigning them to activities. Once costs are assigned to activities, the costs can be assigned to the cost objects that use those activities.
Related Courses Corporate Finance Treasurer's Guidebook What are the Types of Preference Shares? Preference shares are shares in the equity of a company that entitle the holder to a fixed dividend amount to be paid by the issuer. This dividend must be paid before the company can issue any dividends to its common shareholders. Also, if the company is dissolved, the owners of preference shares are paid back before the holders of common stock.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Simple Interest? Simple interest is calculated based solely on a percentage of the loaned amount. This results in an easily calculated interest charge over the life of a loan. What is Compound Interest? Compound interest is calculated based on a percentage of the loaned amount and interest.
Related Courses Investing Guidebook What is At Par? When a security is trading at its face value , it is said to be trading at par. Par value is determined when a security is initially issued, and is stated on the face of the document. For example, if a bond has a face value of $1,000 and it sells on the open market at that price, then it is trading at par (at which point its price would be quoted at 100, indicating that it is trading at 100% of its stated par value).
Related Courses Accounting Controls Guidebook What are Application Controls? Application controls improve the quality of the data that is input into a database. An example of an application control is the validity check, which reviews the data entered into a data entry screen to ensure that it meets a set of predetermined range criteria. Or, a completeness check will examine a data entry screen to see if all fields have an entry.
Related Courses Accounting for Earnings per Share What is Antidilutive? A financial transaction is considered to be antidilutive when the outcome is an increase in earnings per share , either by increasing earnings or reducing the number of shares outstanding. Antidilutive transactions are excluded from the calculation of fully diluted earnings per share.
Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.
Input your email to sign up, or if you already have an account, log in here!
Enter your email address to reset your password. A temporary password will be e‑mailed to you.
We organize all of the trending information in your field so you don't have to. Join 52,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
75 
Let's personalize your content