Insightful Accountant
MAY 7, 2023
Cloud Accounting Podcast host David Leary shows you the secret to improving your workflows and saving time. Sign up for the Future Forward webinar today.
Less Accounting
MAY 7, 2023
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Nanonets
MAY 7, 2023
Do you know what credit card reconciliation is? If not, don't worry, you're not alone. Many people need to learn what credit card reconciliation is and why it's essential. Let’s see. Business credit cards were all the rage before the pandemic, with over 67% of business owners having a business credit card. After the pandemic, business credit card payments showed a strong positive trend, with a market evaluation of $14.1 Billion in 2020 only for North American regions.
IMA's Count Me
MAY 7, 2023
Join us on the next Count Me In as we delve into the world of accounting and finance with Megan Weiss, YP and General manager, FAO services and host of the CFO weekly podcast at Personiv. Learn about the talent shortage in the accounting industry, the benefits and challenges of outsourcing, and how recent events have impacted the profession. Don't miss this insightful conversation about the future of accounting and how companies can adapt to thrive.
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.
Insightful Accountant
MAY 7, 2023
A new report by Xero shines a light on the fiscal and personal pressures of business ownership that entrepreneurs are feeling across seven countries in five continents.
Accounting Tools
MAY 7, 2023
Related Courses Managerial Economics What is a Perfect Market? A perfect market is market that is structured to have no anomalies that would otherwise interfere with the best prices being obtained. Examples of this perfect market structure are: A large number of buyers A large number of sellers Products are homogeneous Information is freely available to everyone in the market There is no collusion between the market participants Every participant is a price taker , not having the ability to infl
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
MAY 7, 2023
Related Courses Financial Analysis What is Labor Productivity? Labor productivity measures the efficiency of the people in a country or organization. It can be influenced in a positive manner by requiring employees to engage in targeted training, by installing new production and service techniques, introducing automation, and similar measures. In particular, the use of automation strips labor hours out of the denominator of the labor productivity calculation, yielding a much higher labor product
Accounting Tools
MAY 7, 2023
What is a Contingency Reserve? A contingency reserve is retained earnings that have been set aside to guard against possible future losses. A contingency reserve is needed in situations where a business occasionally suffers significant losses, and needs reserves to offset those losses. By setting up a contingency reserve, a board of directors is sending a signal to shareholders that the reserved funds are not available for distribution to them as dividends.
Accounting Tools
MAY 7, 2023
Related Courses Quality Management Fundamentals What is the Cost of Conformance? The cost of conformance includes all expenses incurred to ensure that a product meets the minimum quality standard. Conformance costs include standards application, employee training, process documentation, product inspections, and product testing. When incurring these costs , the intent is to avoid product failures.
Accounting Tools
MAY 7, 2023
Related Courses Cost Accounting Fundamentals What is the Labor Efficiency Variance? The labor efficiency variance measures the ability to utilize labor in accordance with expectations. The variance is useful for spotlighting those areas in the production process that are using more labor hours than anticipated. If the variance outcome is unfavorable, there will likely to be a review by industrial engineers to see if the underlying process can be improved to reduce the number of production hours
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
MAY 7, 2023
Related Courses Mergers and Acquisitions Real Estate Accounting What is the Market Approach? The market approach is a valuation method used to derive the value of an asset or business. Under this method, the prices at which similar assets have recently sold are used as the basis for an asset valuation. The amounts of these recent sales are adjusted for any differences between the characteristics of the assets sold and the characteristics of the item being valued, with an emphasis on differences
Accounting Tools
MAY 7, 2023
Related Courses How to Conduct an Audit Engagement What are Alternative Procedures? Alternative procedures are those additional audit tests used when the original set of planned audit procedures cannot be performed or prove to be ineffective. After alternative procedures have been performed, the auditor must determine whether sufficient additional audit evidence has been collected.
Accounting Tools
MAY 7, 2023
Related Courses How to Conduct an Audit Engagement What are Concurrent Audit Techniques? Concurrent audit techniques involve the ongoing automated examination of business processes. This is achieved by embedding audit sub-routines into the application systems used by employees to process transactions. The system then flags unusual transactions for review by the audit staff.
Accounting Tools
MAY 7, 2023
Related Courses Accounting Controls Guidebook What are Control Activities? Control activities are those policies and procedures used to ensure that an organization carries out the directives of the management team. There are many control activities, including the segregation of duties to require the involvement of multiple personnel in transactions , and the physical safeguarding of assets to reduce their risk of loss.
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Accounting Tools
MAY 7, 2023
Related Courses Ethical Frameworks in Accounting Ethical Responsibilities Professional Rules of Conduct What are Professional Ethics? Professional ethics are standards set by professional organizations for the behavior and values of people working within a specific field. Codes of professional ethics are established in order to provide guidance to professionals, usually to not abuse client relationships and preserve the integrity and reputation of the applicable profession.
Accounting Tools
MAY 7, 2023
Related Courses Accounting for Inventory Cost Accounting Fundamentals The Interpretation of Financial Statements What is the Cost of Goods Sold? Cost of goods sold is the total of all costs used to create a product or service, which has been sold. These costs fall into the general sub-categories of direct labor , direct materials , and overhead. Direct labor and direct materials are variable costs , while overhead is comprised of f ixed costs (such as utilities, rent, and supervisory salaries).
Accounting Tools
MAY 7, 2023
Related Courses Bookkeeping Guidebook What is a Write Off? A write off is a reduction in the recorded amount of an asset. A write off occurs upon the realization that an asset no longer can be converted into cash , can provide no further use to a business, or has no market value. Thus, a write off is mandated when an account receivable cannot be collected, when inventory is obsolete, when there is no longer any use for a fixed asset , or when an employee leaves the company and is not willing to
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