Accounting Tools
JULY 29, 2023
Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Reconciling a bank statement involves comparing the bank's records of checking account activity with your own records of activity for the same account. The purpose of doing so is to locate any differences between the two versions, and to update your records to match those of the bank, as well as to spot any errors made by the bank.
Nanonets
JULY 29, 2023
PostgreSQL is a powerful open-source relational database management system that is widely used by developers and businesses worldwide. One of the most common tasks when working with PostgreSQL is importing data from CSV files. In this blog, we will explore various methods to import CSV files to PostgreSQL tables. What is a CSV File? CSV stands for Comma Separated Values.
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Accounting Tools
JULY 29, 2023
Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook Working Capital Management The treasurer position is responsible for corporate liquidity , investments, and risk management related to the company's financial activities. Principal Accountabilities Forecast cash flow positions, related borrowing needs, and funds available for investment Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements Use hedging to mitigate
Accounting Tools
JULY 29, 2023
Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Residual Value? Residual value is the salvage value of an asset. It represents the amount of value that the owner of an asset can expect to obtain when the asset is dispositioned. The key issue with the residual value concept is how to estimate the amount that will be obtained from an asset as of a future date.
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 Tools
JULY 29, 2023
Related Courses Activity-Based Costing Cost Accounting Fundamentals What is the Total Fixed Cost Formula? The total fixed cost formula is really an aggregation of all fixed costs that an organization incurs. These costs can be identified by examining all types of costs as activity volumes change. If a cost does not vary with the activity level, it can be considered a fixed cost.
Accounting Tools
JULY 29, 2023
Related Courses Auditing Construction Contractors Construction Accounting Project Accounting The project accountant position is accountable for monitoring the progress of projects, investigating variances, approving expenses, and ensuring that project billings are issued to customers and payments collected. Principal Accountabilities Create project accounts in the accounting system Maintain project-related records, including contracts and change orders Authorize access to project accounts Author
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Accounting Tools
JULY 29, 2023
Related Courses Optimal Accounting for Payroll Payroll Management The payroll clerk position is accountable for collecting timekeeping information, incorporating a variety of deductions into a periodic payroll , and issuing pay and pay-related information to employees. Principal Accountabilities Collect and summarize timekeeping information Obtain supervisory approval of time card discrepancies Obtain overtime approvals Calculate commissions Process garnishment requests Process employee advances
Accounting Tools
JULY 29, 2023
Related Courses Financial Analysis Introduction to Excel What is a Present Value of 1 Table? A present value of 1 table states the present value discount rates that are used for various combinations of interest rates and time periods. A discount rate selected from this table is then multiplied by a cash sum to be received at a future date, to arrive at its present value.
Accounting Tools
JULY 29, 2023
Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is a Bear Raid? A bear raid is a coordinated effort by a group of investors to short sell many shares of a company. When combined with a campaign of planted negative stories (such as rumors of financial difficulties), the intent is to trigger a major sell-off that drives down the price of a company’s shares, allowing the original group of short sellers to reap significant profits.
Accounting Tools
JULY 29, 2023
Related Courses Constraint Management Inventory Management What is Buffer Stock? Buffer stock is an excess amount of raw materials kept on hand to guard against any unplanned inventory shortages leading into the production process. The amount of buffer stock to retain involves balancing the cost of the extra inventory against the amount of production downtime that is avoided by having the extra inventory.
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
JULY 29, 2023
Related Courses Essentials of Marketing Inventory Management Retail Management What is a Distribution Channel? A distribution channel describes the series of intermediary businesses used to deliver goods and services from the supplier to the final customer. The simplest form of distribution channel is a direct one, where the supplier sells directly to the final customer.
Accounting Tools
JULY 29, 2023
Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook The functions of the finance manager position can be considered identical to a treasurer position, or as a "light" treasurer who has additional analysis responsibilities that include support of the management team in a variety of operational decisions. This job description assumes the latter view of the finance manager position.
Accounting Tools
JULY 29, 2023
Related Courses Cost Accounting Fundamentals What is the Direct Material Price Variance? The direct material price variance is the difference between the actual price paid to acquire a direct materials item and its budgeted price, multiplied by the actual number of units acquired. This information is needed to monitor the costs incurred to produce goods.
Accounting Tools
JULY 29, 2023
Related Courses Bookkeeping Guidebook Bookkeeper Education Bundle The Interpretation of Financial Statements Who are the Users of Financial Information? There are many possible users of the financial information generated by a business. The following list presents the more likely users. In short, a large group of individuals and organizations need access to an organization’s financial information, which is why the accounting standards require the presentation of a rich set of information, both w
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Accounting Tools
JULY 29, 2023
Related Courses Credit & Collection Guidebook Effective Collections The collections clerk position is accountable for collecting the maximum amount of overdue funds from customers , which may include a variety of customer location techniques, collection methods, legal claims, and the selective use of outside collection services. Principal Accountabilities Stratify collection activities to maximize cash receipts Issue dunning letters to overdue accounts Use skip tracing techniques to locate c
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