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APRIL 1, 2023

Related Courses Budgeting Capital Budgeting What are the Disadvantages of Budgeting? There are a number of serious problems associated with budgeting, which include gamesmanship, excessive time required to create budgets and budgeting inaccuracy. In more detail, the problems with budgeting include the items noted below. Unrealistic Results A budget is based on a set of assumptions that are generally not too far distant from the operating conditions under which it was formulated.

Budgeting 75

Budgeting Budgeting Manager 75

Accounting Tools

APRIL 1, 2023

Related Courses Fraud Examination Money Laundering What is Money Laundering? Money laundering is the process of obscuring the origins of illegally-obtained cash , so that it appears to be legitimate. By using money laundering, you can avoid the risk of having cash appropriated by the government. The basic concept behind money laundering schemes is to shift illegally-obtained cash into a different entity, usually in another country, and then convert it into legal assets.

Deposits 74

Deposits Billing Accounting Accounting 74

Accounting Tools

APRIL 1, 2023

Related Courses Effective Sales Forecasting Financial Forecasting and Modeling What are Financial Forecasting Methods? There are a number of methods that can be used to develop a financial forecast. These methods fall into two general categories, which are quantitative and qualitative. A quantitative approach relies upon quantifiable data, which can then be statistically manipulated.

Financial Analysis 73

Financial Analysis 73

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APRIL 1, 2023

Related Courses Divestitures and Spin-Offs Mergers and Acquisitions What is an Acquisition Premium? An acquisition premium is the difference between the estimated value of a target company prior to an acquisition and the price actually paid for it. Estimated value is calculated as the current market price of the target company’s shares , multiplied by the number of shares outstanding.

Accounting 40

Accounting Accounting 40

Speaker: Victor C. Barnes, CPA, MBA

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.

Accounting

Accounting Tools

APRIL 1, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Revenue Recognition What is a Sales Ledger? A sales ledger is a detailed itemization of sales made, presented in date sequence. It may also contain credits issued that reduce the amount of sales, perhaps for products returned by customers. The information in a sales ledger can be quite detailed, including such items as the sale date, invoice number, customer name, items sold, sale amounts, freight charged, sales taxes , value-adde

General Ledger 40

General Ledger Bookkeeping Financial Statements Invoicing 40

Accounting Tools

APRIL 1, 2023

Related Courses Financial Analysis The Income Statement The Interpretation of Financial Statements What is Net Operating Profit After Tax? Net operating profit after tax (NOPAT) is the results of a business before the impact of any financing arrangements are included. This means that NOPAT does not include the tax shelter provided by the interest expense associated with debt.

Tax 40

Tax Financial Analysis Financial Statements 40

Accounting Tools

APRIL 1, 2023

Related Courses Investing Guidebook The Interpretation of Financial Statements What is the Instability Index of Earnings? The instability index of earnings reveals the deviation between an entity's long-term trend of income and its actual income. When the index is quite high, it indicates that a firm is unable to sustain a consistent pattern of earnings.

Financial Statements 40

Financial Statements Financial Analysis 40

Accounting Tools

APRIL 1, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is a Petty Cash Voucher? A petty cash voucher is a standard form used as a receipt whenever cash is withdrawn from a petty cash box. The voucher is typically purchased from an office supply store. It is a physically small form, since it must fit within the petty cash box or drawer.

Petty cash 40

Petty cash General Ledger Reconciling Bookkeeping 40

Accounting Tools

APRIL 1, 2023

Related Courses Corporate Finance GAAP Guidebook What is the Discount Method? The discount method can refer to two possible applications, both involving lending activities. One application is to reduce the amount paid for a bond to increase the associated interest rate for the investor , while the other application involves the issuance of a reduced loan amount to offset the initial deduction of interest payable.

Corporate Finance 40

Corporate Finance Bookkeeping 40

Accounting Tools

APRIL 1, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook What is a Single Entry System? A single entry system records each accounting transaction with a single entry to the accounting records , rather than the more common double entry system. The single entry system is centered on the results of a business that are reported in the income statement.

Deposits 40

Deposits Record Keeping Bookkeeping Financial Statements 40

Speaker: Kim Beynon, CPA, CGMA, PMP

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.

Accounting Tools

APRIL 1, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook The Interpretation of Financial Statements What is the Normal Balance of Retained Earnings? The normal balance in the retained earnings account is a credit. This balance signifies that a business has generated an aggregate profit over its life. However, the amount of the retained earnings balance could be relatively low even for a financially healthy company, since dividends are paid out from this account.

Financial Statements 40

Financial Statements Bookkeeping Accounting Accounting 40

Accounting Tools

APRIL 1, 2023

Related Courses How to Audit Equity The Balance Sheet What is a Stockholder of Record? A stockholder of record is the registered holder of shares , as stated in the shareholder register of the issuer. The shareholder register contains the name and address of each shareholder, as well as the number of shares held. The stockholder of record has the rights and responsibilities of ownership.

Auditing 40

Auditing 40

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APRIL 1, 2023

Related Courses GAAP Guidebook Property Management Accounting How Unearned Rent Occurs When a landlord enters into an agreement to rent space to a tenant, a common provision of the rental agreement is that the tenant will pay the landlord at the beginning of the month. This payment is associated with the month at the beginning of which it is paid. The landlord typically records these payments as rental income in the month in which the cash is received.

Accounting 40

Accounting Accounting Accruals Management Accounting 40

Accounting Tools

APRIL 1, 2023

Related Courses Accountants' Guidebook New Controller Guidebook Accounting author Steven Bragg formulated the three laws of accounting, which focus on the concepts of cost management, financial reporting, and financial accuracy, and the underlying behaviors that impact each one. The laws are noted below. First Law of Accounting Expenses will continue into the future unless acted upon by an outside force.

Financial Statements 40

Financial Statements Accounting Accounting Financial Reporting 40

Speaker: Mark Gilham, FCCA, CPP

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.

Accounting

Accounting Tools

APRIL 1, 2023

Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook The Balance Sheet When an expense is recorded, it most obviously appears within a line item in the income statement. The income statement shows the financial results of a business for a designated period of time. An expense appears more indirectly in the balance sheet , where the retained earnings line item within the equity section of the balance sheet will always decline by the same amount as the expense.

Accruals 40

Accruals Accounts Payable Accounts Payable Bookkeeping 40