Sun.Sep 24, 2023

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Responsible AI helps small businesses grow and do more.

Intuit

Intuit’s mission is to power prosperity around the world and help customers and communities overcome their most important financial challenges. Helping small businesses succeed is personal for us. Small businesses power local communities and are the economic engines of countries all over the world, but more than half don’t survive beyond their fifth year.

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Ep. 235: Brian Hock - Certifications: Your Ticket to Career Success and Growth

IMA's Count Me

In a rapidly evolving accounting landscape, how can professionals demonstrate their skills and experience to stand out? Certifications! In this episode, veteran accounting educator and President of HOCK International , Brian Hock outlines the immense value of professional certifications for career-long growth and development. Learn how certifications like the CMA provide a standardized body of knowledge to showcase specialized expertise.

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Unleashing Innovation at Becker’s 2023 Health IT + Digital Health + RCM Annual Meeting

SSI Healthcare Rev Cycle Solutions

Unleashing Innovation at Becker’s 2023 Health IT + Digital Health + RCM Annual Meeting Home / September 20, 2023 The Windy City is about to get a gust of transformative ideas as Becker’s 2023 Health IT + Digital Health + RCM Annual Meeting blows into Chicago. And if you’re passionate about ensuring the success of your healthcare organization in these fast-paced times, this is the place to be!

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Unleashing the Potential of Subscription Revenue Software with Predictive Analytics

Invoicera

Have you ever considered how some companies excel in the subscription-based model while others struggle to retain existing customers or maximize revenue? Netflix, Spotify, and Amazon; all big companies have successful subscription-based models. But how did they make it work for them despite having millions of subscribers? What’s the secret to their seamlessly operating subscription models?

Billing 52
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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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Multi-Currency Payment Processing

Tipalti

Looking to expand your business globally? Learn how to navigate the world of multi-currency payment processing and ensure smooth transactions across borders.

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Unleashing the Potential of Subscription Revenue Software with Predictive Analytics

Invoicera

Have you ever considered how some companies excel in the subscription-based model while others struggle to retain existing customers or maximize revenue? Netflix, Spotify, and Amazon; all big companies have successful subscription-based models. But how did they make it work for them despite having millions of subscribers? What’s the secret to their seamlessly operating subscription models?

More Trending

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Unleashing the Potential of Subscription Revenue Software with Predictive Analytics

Invoicera

Have you ever considered how some companies excel in the subscription-based model while others struggle to retain existing customers or maximize revenue? Netflix, Spotify, and Amazon; all big companies have successful subscription-based models. But how did they make it work for them despite having millions of subscribers? What’s the secret to their seamlessly operating subscription models?

Billing 52
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Business Expense Calculator

Tipalti

Use our Business Expense Calculator to help accounting departments accurately calculate your total business expenses.

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Embedded audit module definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement Internal Auditing Guidebook What is an Embedded Audit Module? An embedded audit module is code inserted into an application program that creates notifications when transactions meet certain criteria. The intent behind an embedded audit module is to give auditors real-time notifications of transactions that might be in error, or which possess characteristics that are worthy of further review.

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Multi-Currency Accounting Software

Tipalti

Ready to streamline your financial management and scale your business? Learn which multi currency accounting software solution is the best fit for your business in 2023.

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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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Closely held corporation definition

Accounting Tools

Related Courses C Corporation Tax Guide S Corporation Tax Guide Types of Business Entities What is a Closely Held Corporation? A closely held corporation is a company whose shares are mostly held by a small group of investors. Family owned businesses are usually considered to be closely held, and are commonly managed by family members. The shares of such an entity are not usually publicly traded.

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Abnormal spoilage definition

Accounting Tools

Related Courses Accounting for Inventory Cost Accounting Fundamentals What is Abnormal Spoilage? Abnormal spoilage is that amount of scrap generated by a production process that exceeds the normal, expected level. The cost of this excess spoilage is charged to expense as incurred. Abnormal spoilage has many causes, including incorrect operator training, incorrect machine settings, and sub-standard materials quality.

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Accounting department definition

Accounting Tools

What is an Accounting Department? The accounting department is part of the corporate overhead group of an organization. It is responsible for billings, payroll , cost accounting , the production of financial statements , paying suppliers , and similar activities. The accounting staff may provide a number of additional value-added services, such as actual-versus-budget reporting, cost reduction suggestions, and other forms of financial analysis.

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Exercise price definition

Accounting Tools

Related Courses Corporate Finance Treasurer's Guidebook What is an Exercise Price? An exercise price is the price at which the holder of an option can purchase or sell the security associated with the option. The exercise price is determined when the option is originally written. If the instrument is a call option , the exercise price is the price paid by the option holder to the option writer.

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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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Cost function definition

Accounting Tools

Related Courses Budgeting Cost Accounting Fundamentals What is a Cost Function? A cost function is a formula used to predict the cost that will be experienced at a certain activity level. This formula tends to be effective only within a range of activity levels, beyond which it no longer yields accurate results. Beyond the outer thresholds of these activity levels, the cost function must be adjusted to account for such factors as changes in volume discounts and the incurrence of step costs.

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External failure costs definition

Accounting Tools

What are External Failure Costs? External failure costs are those costs incurred due to product failures after they have been sold to customers. These costs include the legal fees related to customer lawsuits, the loss of future sales from dissatisfied customers, product recalls, product return costs, and warranty costs. These costs can be substantial if the result is the loss of customers - and especially when customers tend to buy a company’s products many times.

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Accrued vacation pay definition

Accounting Tools

Related Courses Human Resources Guidebook Payroll Management What is Accrued Vacation Pay? Accrued vacation pay is the amount of time-off pay earned by employees , but not yet used by them. The amount of accrued vacation is a benefit to employees, and a liability to the employer. If an employee does not use accrued vacation time by the end of his or her employment, the remaining unused amount is paid by the employer, based on the last hourly rate paid to the employee.

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Cost of goods purchased definition

Accounting Tools

Related Courses Accounting for Merchandising Operations What is the Cost of Goods Purchased? The cost of goods purchased is the net cost of merchandise acquired. The calculation is to add freight in to the initial purchase cost and then subtract purchase allowances , purchase discounts , and purchase returns. With this information, one can then add a markup percentage to arrive at the price at which goods will be offered for sale.

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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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Audited financial statements definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement The Balance Sheet The Income Statement The Statement of Cash Flows What are Audited Financial Statements? Audited financial statements are the financial statements of an organization that have been examined by a certified public accountant (CPA). Audited financials include a signed statement from the auditor , saying that the financial statements present fairly the results, financial position , and cash flows of the issuing entity.

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External auditor definition

Accounting Tools

Related Courses 7 Habits of Effective Auditors How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is an External Auditor? An external auditor is a public accountant who conducts audits , reviews , and other work for his or her clients. An external auditor is independent of all clients, and so is in a good position to make an impartial evaluation of the financial statements and systems of internal controls of those clients.

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Cash surrender value definition

Accounting Tools

Related Courses Business Insurance Fundamentals What is Cash Surrender Value? Cash surrender value is the amount of cash that a person can receive upon the cancellation of an insurance policy or annuity. This amount is usually associated with whole life insurance policies, which have a built-in savings component. Term policies do not have a cash surrender value.

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Annual depreciation definition

Accounting Tools

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is Annual Depreciation? Annual depreciation is the standard yearly rate at which depreciation is charged to a fixed asset. This rate is consistent from year to year if the straight-line method is used. If an accelerated method is used, then annual depreciation will spike early, and then decline in later years.

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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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Compensating balance definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Compensating Balance? A compensating balance is a minimum bank account balance that a borrower agrees to maintain with a lender. The purpose of this balance is to reduce the lending cost for the lender, since the lender can invest the cash located in the compensating bank account and keep some or all of the proceeds.

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Controller's cushion definition

Accounting Tools

Related Courses Fraud Examination Fraud Schemes How to Audit for Fraud What is the Controller’s Cushion? The controller's cushion refers to the deliberate overstatement of expenses early in the year, so that the controller has a favorable expense buffer that can be drawn down later in the year. This cushion is usually created for estimated expenses, such as accrued bonuses, the bad debt reserve , the obsolete inventory reserve, and the warranty reserve.