Fri.May 05, 2023

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Providing technology to empower students

Intuit

What was the most impactful thing you learned in high school? For students at the Marvin E. Robinson School of Business and Management (SBM), that answer changes weekly. With a curriculum designed around business education, this Dallas, Texas high school is on a mission to create the next wave of executives and entrepreneurs. As a participant in our Prosperity Hub School District program with a thriving media department, we were honored to donate a sound-proof recording booth to the students and

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5 First Steps to Start a Freelance Business

Enterprise Recovery

Estimates say that the number of freelancers entering the marketplace is growing at a compound annual growth rate of 15%. Enterprise company layoffs and the demand for more flexibility after the pandemic are two of many reasons that more people are considering freelancing. If you're ready to hang out your shingle, you definitely want to make sure you're on steady ground, so preparation and planning are necessary.

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Limitations of internal controls

Accounting Tools

Related Courses Accounting Controls Guidebook What are the Limitations of Internal Controls? A system of controls does not provide absolute assurance that the control objectives of an organization will be met. Instead, there are several inherent limitations in any system that reduce the level of assurance. These inherent limitations are as follows. Collusion Two or more people who are intended by a system of control to keep watch over each other could instead collude to circumvent the system.

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Earmark Media Presents: Crypto With Accountants

Cloud Accounting Podcast

In this episode, Pat White and Rafael Casas interview Mackenzie Patel, CEO of Hash Basis, a crypto-native accounting firm based in San Francisco. Mackenzie shares her accounting background and how she got into crypto accounting. They also discuss the challenges of revenue accounting in crypto and the emerging trend of specialized crypto accounting. Get NASBA Approved CPE or IRS Approved CE Launch the course on EarmarkCPE to get free CPE for listening to this episode.

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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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Do Banks Factor Invoices?

FundThrough

Are you looking into where you can get unpaid invoices factored or otherwise researching your options for invoice factoring? You might be wondering do banks factor invoices? Yes, some banks factor invoices. But why is it that some factor and some don’t? Should you factor unpaid invoices with a bank? We’ll answer your questions and […] The post Do Banks Factor Invoices?

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Risk premium definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Risk Premium? A risk premium is the additional return demanded by an investor in exchange for buying a risky asset. Investors demand a large risk premium on riskier investments. This is why bonds that have been rated close to or at junk status trade at very high effective interest rates.

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Paper profit definition

Accounting Tools

Related Courses Accounting for Investments Investing Guidebook What is a Paper Profit? A paper profit is an unrealized capital gain on an asset. The amount of this profit is the difference between the asset's cost and the current market price. An actual profit is only realized after the asset has been sold to an unrelated third party. Reasons for a Paper Profit There are several reasons why someone might hold onto a paper profit, rather than selling the investment to generate a cash profit.

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Development Company Slashes Invoice Processing Time by Nearly 60%

AvidXchange

Company Profile: Located in South Florida, FL Star Group is a real estate development company specializing in financial analysis, location services, market research and land acquisition negotiation for various projects throughout Florida. FL Star Development, a branch of FL Star Group, has developed more than 2,200 acres of commercial and residential facilities in Naples, covering a wide range of properties including a 23-acre luxury apartment complex and luxurious and affordable single-family c

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Repetitive manufacturing definition

Accounting Tools

Related Courses Operations Management What is Repetitive Manufacturing? Repetitive manufacturing is the ongoing production of the same product for an extended period of time. The product is typically assembled on a production line, where a series of tasks are completed in the same sequence by employees and/or robots. The quantity produced does not have a terminal value, after which production stops.

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Karbon Practice Management Software: In-Depth Review

Future Firm

Karbon practice management software helps you manage your accounting firm’s client work, planning, and communications all in one place. In this in-depth review, we’ll take a look at what makes Karbon stand out from other workflow management software and its features. Let’s go! Table of Contents What is Karbon? Karbon Features An Overview of Karbon Karbon Pricing Karbon Alternatives What is Karbon?

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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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Realized loss definition

Accounting Tools

What is a Realized Loss? A realized loss occurs when the sale price of an asset is lower than its carrying amount. This loss is only considered to be realized when the asset is removed from the entity's accounting records. Thus, a loss is only realized when the associated asset has been sold in an arm’s length transaction , donated, or scrapped. Tax Treatment of a Realized Loss A realized loss can be included on an entity's tax return as a reduction of taxable income.

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Mr Choice zodiac casino Casino Review 2022

Less Accounting

Posts Empire Hunter Pupil Guide For A fresh Game play Online game Proposals Mr Wager Gambling enterprise Comment Canada Mr Wager Casino Vip And Commitment Program Mr Wager Casino Review Information Conditions For buying An informed Nz Online casino Next whatever zodiac casino you should do is check your email address and you will stimulate your account.

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Sampling definition

Accounting Tools

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement What is Sampling? Sampling is a technique used to arrive at a conclusion about a population by selecting and examining a small proportion of that population. The number of items to sample is determined via a statistical analysis, with samples being selected on either a random or systematic basis.

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AWS Bedrock: Generative AI Democratized for B2B & SaaS

Economize

Explore the potential of AWS Bedrock, a powerful generative AI solution that is revolutionizing the way businesses operate. With its ability to streamline workloads, enhance efficiency, and foster collaboration, this advanced technology is transforming industries and leveling the playing field for companies of all sizes. Embrace the exciting AI-driven future and discover how AWS Bedrock can help businesses unlock their full potential and redefine success.

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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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Preliminary audit definition

Accounting Tools

Related Courses How to Conduct an Audit Engagement What is a Preliminary Audit? A preliminary audit is fieldwork performed by auditors before the end of the period under examination. By engaging in this advance work, the auditors can reduce the volume of activities that must be completed after the client has closed its books. No audit report is issued as part of a preliminary audit; instead, this work should be considered an early phase of the regular audit that an organization undergoes.

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Imperfect market definition

Accounting Tools

Related Courses Managerial Economics What is an Imperfect Market? An imperfect market is an environment in which all parties do not have complete information, and in which participants can influence prices. All markets are imperfect to some degree. The usual effect of an imperfect market is that astute traders take advantage of the situation. This may be monopoly owners who profit from excessively high prices, investors who buy or sell securities based on insider information, or buyers who engag

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Risk of incorrect acceptance definition

Accounting Tools

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement The Audit Risk Model What is the Risk of Incorrect Acceptance? The risk of incorrect acceptance is a situation in which the results of an audit sample support a conclusion that an account balance is correct, when this is not really the case. Instead, the account balance is materially incorrect.

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Working capital management definition

Accounting Tools

Related Courses Working Capital Management What is Working Capital Management? Working capital management is the actions taken to maintain a sufficient amount of working capital to support a business, while minimizing the investment in this area. The core goal in working capital management is to ensure that there is always sufficient cash on hand to pay for liabilities as they come due for payment.

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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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Product-level activity definition

Accounting Tools

Related Courses Activity-Based Costing Activity-Based Management Cost Accounting Fundamentals What is a Product-Level Activity? A product-level activity is an action taken in support of a specific product or activity. These actions are taken irrespective of the amount of production or service volume associated with a product. Within the cost hierarchy in an activity-based costing system, product-level activities are positioned near the middle, as noted in the following hierarchy listing: Unit-le

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Pension fund definition

Accounting Tools

Related Courses Accounting for Retirement Benefits What is a Pension Fund? A pension fund is a pool of funds that have been contributed by employers and their employees , and which is being invested to provide employees with retirement benefits. Since pension funds typically have enormous amounts available to invest, they are classified as institutional investors, and are managed by professional investment managers.

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Chain of command definition

Accounting Tools

Related Courses Effective Leadership New Manager Guidebook What is the Chain of Command? The chain of command is the official order in which authority is delegated down from top management to employees. It clarifies who is empowered to make decisions and who must be approached for permission to engage in an activity. The system is designed so that instructions are issued by management to employees, who are required to follow the mandated instructions.

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Nominal GDP definition

Accounting Tools

Related Courses Economic Indicators What is Nominal GDP? Nominal GDP is a measure of a country's economic output for a calendar year , using current prices, without adjusting those prices for inflation. Thus, the measure includes the effects of both inflation and economic growth. Because there is no inflation adjustment, nominal GDP captures price changes (up or down) that are caused by inflation.

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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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Income splitting definition

Accounting Tools

Related Courses Small Business Tax Guide What is Income Splitting? Income splitting reduces income taxes by transferring the income of a person in a higher marginal tax bracket to a person in a lower marginal tax bracket. The income splitting strategy is typically employed within a family, in order to lower the aggregate income tax paid by the family as a group.

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Risk of incorrect rejection definition

Accounting Tools

Related Courses Guide to Audit Sampling How to Conduct an Audit Engagement The Audit Risk Model What is the Risk of Incorrect Rejection? The risk of incorrect rejection arises when a sample indicates that there is a risk of material misstatement when this is not actually the case. An auditor encountering this issue will expand the sample size or engage in other testing, though doing so reduces the efficiency of the audit work.

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Simple interest definition

Accounting Tools

Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is Simple Interest? Simple interest is calculated based on just the outstanding principal balance of a loan. The amount of interest owed under this method can be calculated by multiplying the outstanding principal by the daily interest rate by the number of days between payments.

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Voidable preference definition

Accounting Tools

Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy Essentials of Collection Law What is a Voidable Preference? A voidable preference occurs when there is a transfer of assets to a creditor shortly before a debtor files for bankruptcy protection. The recipient of these assets must return them to the bankruptcy estate. A voidable preference has occurred when the following conditions are present: There is a transfer to a creditor, or for the benefit of the creditor.

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Putting the ‘Tech’ in Spend Management Techniques

Speaker: Wayne Spivak, President and CFO of SBA * Consulting Ltd., Industry Writer, Public Speaker

If you’re lost in the world of spend management needs and your GAP analysis is lacking perspective on the future state of your business performance, listen up! With the advancement of technology, the implementation of spend management best practices and concrete GAP analyses is more streamlined and accessible than ever before. And while this may sound like great news for you and your clients, it won’t be worthwhile unless you have the latest techniques to back up your ambitions!

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Debt to assets ratio

Accounting Tools

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is the Debt to Assets Ratio? The debt to assets ratio indicates the proportion of a company's assets that are being financed with debt , rather than equity. The ratio is used to determine the financial risk of a business. A ratio greater than 1 shows that a considerable proportion of assets are being funded with debt, while a low ratio indicates that the bulk of asset funding is coming from equity.

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Cost accumulation definition

Accounting Tools

Related Courses Accounting for Inventory Cost Accounting Fundamentals What is Cost Accumulation? Cost accumulation involves the use of a formal cost accounting system to collect cost information. By collecting and analyzing cost information, management can make more informed decisions about the operations of a business. Cost accumulation systems fall into two main categories, which are noted below.

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Cost-effective definition

Accounting Tools

What is Cost-Effective? A transaction is cost-effective when the greatest benefit is gained for a comparatively low price. The concept is commonly employed when choosing from a variety of investment options, so that the greatest possible return is generated in exchange for the amount invested. Example of Cost-Effective The addition of a product feature to a product design is cost-effective if the result is an increase in sales that exceeds the cost of the feature.

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Strategic budgeting definition

Accounting Tools

Related Courses Budgeting Business Strategy Capital Budgeting What is Strategic Budgeting? Strategic budgeting is the process of creating a long-range budget that spans a period of more than one year. The intent behind this type of budgeting is to develop a plan that supports a long-range vision for the future position of an entity. This may, for example, involve the development of new geographic markets, the research and development needed to introduce a new product line , converting to a new t

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Book of Secrets for the Month-End Close

Developing a consistent month-end close doesn’t need to be a mystery. We’re sharing our top 10 secrets (plus one bonus!) for streamlining your close.