Ace Cloud Hosting
AUGUST 5, 2023
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Accounting Tools
AUGUST 5, 2023
Related Courses Cost Accounting Fundamentals What is Marginal Costing? Marginal cost is the cost of one additional unit of output. The concept is used to determine the optimum production quantity for a company, where it costs the least amount to produce additional units. It is calculated by dividing the change in manufacturing costs by the change in the quantity produced.
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Accounting Tools
AUGUST 5, 2023
Related Courses Estate Planning Fundamentals Fiduciary Accounting Guide to Gift Taxes What is Estate Planning? Estate planning is the set of actions a person can take in order to maximize his residual assets for heirs. The goal of estate planning is to maximize the amount of assets that can be transferred to heirs, while minimizing the amount of estate taxes that must be paid.
Accounting Tools
AUGUST 5, 2023
Related Courses Auditing State and Local Governments Governmental Accounting The Green Book Explained The Yellow Book Explained What is Fund Accounting? Fund accounting is a system of accounting used by non-profit entities to track the amount of cash assigned to different purposes and the usage of that cash. The intent of fund accounting is not to track whether an entity has generated a profit , since this is not the purpose of a non-profit.
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
AUGUST 5, 2023
Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is an Audit Strategy? An audit strategy sets the direction, timing, and scope of an audit. The strategy is then used as a guideline when developing an audit plan. By developing an audit strategy, it is easier to create a more targeted audit plan, thereby wasting less time in total during the planning phase of an audit.
Accounting Tools
AUGUST 5, 2023
Related Courses Bookkeeper Education Bundle Bookkeeping Guidebook Reasons for Monthly Accruals Accruals allow a business to record expenses and revenues for which it expects to expend cash or receive cash, respectively, in a future period. If the firm is issuing financial statements every month, then it needs to create accruals for each set of financials.
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Accounting Tools
AUGUST 5, 2023
Related Courses The Interpretation of Financial Statements The Statement of Cash Flows The cash flows of a business are reported on the statement of cash flows. There are two variations on the template for this report, which are the direct method and the indirect method. The indirect method is used by nearly all organizations, since it is much easier to derive from the existing accounts.
Accounting Tools
AUGUST 5, 2023
Related Courses Business Ratios Guidebook Financial Analysis The Interpretation of Financial Statements What is the Degree of Operating Leverage? The degree of operating leverage calculates the proportional change in operating income that is caused by a percentage change in sales. This concept is used to evaluate the cost structure of a business, not including the costs of financing and taxes.
Accounting Tools
AUGUST 5, 2023
Related Courses Fixed Asset Accounting Fixed Asset Controls How to Audit Fixed Assets What is Depreciation Expense? Depreciation expense is the periodic depreciation charge that a business takes against its assets in each reporting period. The intent of this charge is to gradually reduce the carrying amount of fixed assets as their value is consumed over time.
Accounting Tools
AUGUST 5, 2023
Related Courses Capital Budgeting Corporate Finance What is the Weighted Average Cost of Capital? The weighted average cost of capital (WACC) is a compilation of the aggregate financing cost of a business. In this calculation, each element of the firm’s financing cost is proportionately represented. All sources of capital are used in the calculation, including bonds, short-term and long-term notes, common stock , and preferred stock.
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
AUGUST 5, 2023
Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement The Audit Risk Model What is Non-Statistical Sampling? Non-statistical sampling is the selection of a test group that is based on the examiner's judgment, rather than a formal statistical method. For example, an examiner could use his own judgment to determine one or more of the following: The sample size The items selected for the test group How the results are evaluated To reduce the amount of variability in a non-stati
Accounting Tools
AUGUST 5, 2023
Related Courses Investor Relations Guidebook Public Company Accounting and Finance What is Forward P/E? Forward P/E is the estimated price-earnings ratio for the future earnings of a business. The forward price-earnings ratio is not widely distributed, for it is based on a company's guidance, which may change as management revises its estimates for future earnings.
Accounting Tools
AUGUST 5, 2023
Related Courses Capital Budgeting Financial Analysis What is the Discounted Cash Flow Method? The discounted cash flow method is designed to establish the present value of a series of future cash flows. Present value information is useful for investors, under the concept that the value of an asset right now is worth more than the value of that same asset that is only available at a later date.
Accounting Tools
AUGUST 5, 2023
Related Courses Oil and Gas Accounting What is a Carried Party? A carried party is an entity that does not consent to pay its share of the expenses associated with a project. When another party agrees to pay for the expenses of the carried party, it is designated the carrying party. When there is a carrying party, the interest of the carried party is shifted over to the carrying party until such time as the carrying party has earned back the payment that it made on behalf of the carried party, p
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Accounting Tools
AUGUST 5, 2023
Related Courses Bookkeeping Guidebook The Income Statement The Interpretation of Financial Statements What is Revenue? Revenue is the gross amount earned from sales activity. More specifically, revenues are the fees generated from the sale of goods and services, prior to the deduction of any expenses. They give the financial statement reader a good idea of the overall activity level of a business.
Accounting Tools
AUGUST 5, 2023
Related Courses The Income Statement The Interpretation of Financial Statements The Statement of Cash Flows Profit is not the same as cash. A business may report robust profits , and yet be quite short of cash. This can cause significant problems, especially when company managers mistakenly equate profits with cash, and suddenly find themselves out of cash and the company in bankruptcy.
Accounting Tools
AUGUST 5, 2023
Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Common Stock Ratio? The common stock ratio measures the proportion of a company's total capitalization that is comprised of common stock. A high percentage indicates that company management is conservative, obtaining the bulk of the company's financing through the sale of common stock.
Accounting Tools
AUGUST 5, 2023
Related Courses Business Ratios Guidebook Key Performance Indicators The Interpretation of Financial Statements What are Capitalization Ratios? Capitalization ratios compare the debt and equity of a business, with the intent of determining the extent to which a firm may be over- leveraged or under-leveraged. There is no single outcome of a capitalization ratio that clearly indicates that debt levels are too high or too low.
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Accounting Tools
AUGUST 5, 2023
Related Courses Business Combinations and Consolidations CPA Firm Mergers and Acquisitions Divestitures and Spin-Offs Mergers and Acquisitions What is a Merger? A merger occurs when two companies combine into a single new business. The owners of the original entities continue to be the owners of the merged entity. There are four types of mergers, which are vertical mergers , horizontal mergers , market extension mergers, and conglomerate mergers.
Accounting Tools
AUGUST 5, 2023
Related Courses Effective Leadership New Manager Guidebook There are several leadership styles that a person can use to run a business. An individual is usually more comfortable with a single leadership style, and so will stick with it even when the circumstances change. A more advanced approach is for a person to recognize changes in the situation and shift to a different leadership style to match the circumstances - this can be quite difficult to accomplish.
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