Accounting Tools

APRIL 22, 2023

Related Courses Fair Value Accounting What is Book Value? The book value of an asset is its original purchase cost, adjusted for any subsequent changes, such as for impairment or depreciation. What is Market Value? Market value is the price that could be obtained by selling an asset on a competitive, open market. Comparing Book Value and Market Value There is nearly always a disparity between book value and market value, since the first is a recorded historical cost and the second is based on th

Financial Reporting 75

Financial Reporting Accounting Accounting 75

Billing Platform

APRIL 22, 2023

BillingPlatform has recently been named the 2023 Forrester Wave leader in SaaS Recurring Billing Solutions. The Wave Report is an objective look at the most significant solutions in today’s billing landscape. The independent evaluation is designed to reveal strengths and areas of improvement for each software provider by considering varying business priorities and billing needs.

Billing 52

Billing Accounts Receivable Accounts Receivable Account Receivables 52

Accounting Tools

APRIL 22, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Debt Ratio? The debt ratio measures the proportion of assets paid for with debt. One can use the ratio to reach conclusions about the solvency of a business. A high ratio implies that the bulk of company financing is coming from debt; this is a risky financial structure , since the borrower is at risk of not being able to pay for the associated interest expense or paying back the principal.

Financial Statements 40

Financial Statements Accounts Payable Accounts Payable Accounting 40

Accounting Tools

APRIL 22, 2023

Related Courses Contract Management Cost Accounting Project Accounting What are Allowable Costs? Allowable costs are those expenses specified in a contract that can be billed to the customer. For example, a contract to develop a customized lathe allows for the reimbursement of direct materials , direct labor , and a specific overhead charge as allowable costs.

Billing 40

Billing Cost Accounting Auditing Accounting 40

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

Accounting Tools

APRIL 22, 2023

Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Mini-Tender Offer? A mini-tender offer is a request to buy less than five percent of a company's shares. The reason for such an offer is that the buyer does not have to comply with the SEC ’s filing requirements for a normal tender offer , which are triggered when the 5% level is reached.

CPA 40

CPA 40

Accounting Tools

APRIL 22, 2023

Related Courses Business Ratios Guidebook Corporate Cash Management Treasurer's Guidebook What is Solvency? Solvency is the ability of an organization to pay for its long-term obligations in a timely manner. If it cannot marshal the resources to do so, then an entity cannot continue in business, and will likely be sold or liquidated. Solvency is a core concept for lenders and creditors , who use financial ratios and other financial information to determine whether a prospective borrower has the

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40

Accounting Tools

APRIL 22, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Definition of Prepaid Expenses A prepaid expense is an expenditure paid for in one accounting period , but for which the underlying asset will not be consumed until a future period. When the asset is eventually consumed, it is charged to expense. If consumed over multiple periods, there may be a series of corresponding charges to expense.

Accounting 40

Accounting Accounting Reconciling Bookkeeping 40

Accounting Tools

APRIL 22, 2023

Related Courses Bookkeeping Guidebook How to Audit Revenue Revenue Recognition What is Gross Revenue? Gross revenue is the total amount of sales recognized for a reporting period , prior to any deductions. This figure indicates the ability of a business to sell goods and services, but not its ability to generate a profit. Deductions from gross revenue include sales discounts and sales returns.

Billing 40

Billing Bookkeeping Auditing 40

Accounting Tools

APRIL 22, 2023

Related Courses S Corporation Tax Guide Types of Business Entities What is a Subchapter S Corporation? A Subchapter S corporation is a form of corporate organization under which the obligation to pay income taxes is passed through to the shareholders of the organization. The "Subchapter S" term comes from the segment of the United States Internal Revenue Code (Chapter 1, Subchapter S) in which the rules governing the formation and operation of Subchapter S corporations is located.

Corporation Tax 40

Corporation Tax Tax Financial Reporting 40

Accounting Tools

APRIL 22, 2023

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Positive Leverage? Positive leverage arises when a business or individual borrows funds and then invests the funds at an interest rate higher than the rate at which they were borrowed. The use of positive leverage can greatly increase the return on investment from what would be possible if one were only to invest using internal cash flows.

Corporate Finance 40

Corporate Finance Tax 40

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

APRIL 22, 2023

Related Courses Expense Report Best Practices What is an Accountable Plan? An accountable plan is a corporate plan that follows IRS guidelines for employee expense reimbursement , so that the payments are not counted as personal income. The plan is used to keep from including reimbursement payments in an employee’s Form W-2, or to withhold income taxes from it.

Accounting 40

Accounting Accounting Expense Reports Tax 40

Accounting Tools

APRIL 22, 2023

Related Courses S Corporation Tax Guide What is Straight Debt? Straight debt is a written unconditional promise to pay a fixed amount, either on demand or by a specified date. It is not convertible into the equity of the issuer. Straight Debt Issues in an S Corporation The concept of straight debt is a particular concern in an S corporation , where any debt that is not straight debt can be considered a second class of stock.

Corporation Tax 40

Corporation Tax Tax 40

Accounting Tools

APRIL 22, 2023

Related Courses Constraint Management What is Manufacturing Throughput Time? Manufacturing throughput time is the amount of time required for a product to pass through a manufacturing process, thereby being converted from raw materials into finished goods. The concept also applies to the processing of raw materials into a component or sub-assembly. The time required for something to pass through a manufacturing process covers the entire period from when it first enters manufacturing until it exi

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Accounting Tools

APRIL 22, 2023

Related Courses Accountants' Guidebook How to Audit Revenue Revenue Recognition What is Unrecorded Revenue? Unrecorded revenue is revenue that an entity has earned in an accounting period , but which it does not record in that period. The business typically records the revenue in a later accounting period, which is a violation of the matching principle , where revenues and related expenses are supposed to be recognized in the same accounting period.

Invoicing 40

Invoicing Accounts Receivable Accounts Receivable Account Receivables 40

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Accounting

Accounting Tools

APRIL 22, 2023

Related Courses Accounting for Inventory Activity-Based Costing Cost Accounting Fundamentals Unit product cost is the total cost of a production run, divided by the number of units produced. It is useful to delve into the concept in more detail, to understand how costs are accumulated. A business commonly manufactures similar products in batches that may include hundreds or thousands of units per batch.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Tools

APRIL 22, 2023

Related Courses Fixed Asset Accounting How to Audit Fixed Assets What is the Accounting Entry for Depreciation? The accounting for depreciation requires an ongoing series of entries to charge a fixed asset to expense , and eventually to derecognize it. These entries are designed to reflect the ongoing usage of fixed assets over time. Depreciation is the gradual charging to expense of an asset's cost over its expected useful life.

Accounting 75

Accounting Accounting Computation Auditing 75

Accounting Tools

APRIL 22, 2023

Related Courses Activity-Based Management Constraint Management Lean Accounting Guidebook What is Root Cause Analysis? Root cause analysis is the process of looking for the reasons why a problem is occurring. By correcting the underlying root causes of problems, their incidence can be greatly reduced or eliminated. Root cause analysis tends to uncover issues related to the failure of materials, an error by a person, or an organizational issue (such as an incorrect work instruction, procedure, or

Billing 40

Billing Accounting Accounting 40

Accounting Tools

APRIL 22, 2023

Related Courses Budgeting Capital Budgeting Fixed Asset Accounting What is Capitalization Policy? A capitalization policy is used by a company to set a threshold, above which qualifying expenditures are recorded as fixed assets , and below which they are charged to expense as incurred. The policy is typically set by senior management or even the board of directors.

Record Keeping 40

Record Keeping Budgeting Financial Statements Financial Reporting 40

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