CSI Accounting & Payroll
OCTOBER 7, 2023
Many businesses took the step to hire temporary employees in 2020 due to industry changes and COVID. Spanning across all business sizes and all industries , temporary employees can provide valuable work with little commitment on behalf of either party. If you're thinking of bringing on temporary employees but haven't pulled the trigger yet, you probably still have some unanswered questions.
Accounting Tools
OCTOBER 7, 2023
Related Courses Accountants’ Guidebook Bookkeeping Guidebook Cost Accounting Fundamentals What is a Deferred Expense? A deferred expense is a cost that has already been incurred, but which has not yet been consumed. The cost is recorded as an asset until such time as the underlying goods or services are consumed; at that point, the cost is charged to expense.
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Cloud Accounting Podcast
OCTOBER 7, 2023
Looking for the best cities to launch your accounting career? This top 10 countdown will highlight the metro areas with the highest demand, abundant jobs, and the most competitive salaries for accountants. Forbes Advisor compiled this list. See the full list here: [link] Need CPE? Subscribe to the Earmark Accounting Podcast: [link] Get CPE for listening to podcasts with Earmark CPE: [link] Get in Touch Thanks for listening and the great reviews!
Accounting Tools
OCTOBER 7, 2023
Related Courses Essentials of Limited Liability Companies Types of Business Entities Limited liability company (LLC) accounting is similar to the record keeping required for a normal corporation. It is necessary to create a chart of accounts and maintain a general ledger , in which all accounting transactions are recorded. Examples of transactions that an LLC might record include the following: Billing a customer Receipt of cash from a customer Record a billing from a supplier Pay a supplier Rec
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
OCTOBER 7, 2023
Related Courses Essentials of Marketing What is the Service Marketing Mix? The service marketing mix is comprised of seven activities that are used to optimize the marketing for a service. All seven activities are needed to achieve the optimum level of service delivery. The activities are noted below. Product This is a service product, and so is not tangible.
Accounting Tools
OCTOBER 7, 2023
Related Courses Contract Management How to Audit Procurement Purchasing Guidebook What is a Supplier? A supplier is an entity that provides goods and services to another organization. This entity is part of the supply chain of a business, which may provide the bulk of the value contained within its products. Some suppliers may even engage in drop shipping , where they ship goods directly to the customers of the buyer.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
OCTOBER 7, 2023
Related Courses Effective Customer Service Inventory Management What is a Back Order? A back order is a customer order which the supplier cannot currently ship, but expects to ship at a later date. The proportion of customer orders that are on back order is a common customer service metric. Another related metric is the average number of days that a customer must wait before back orders can be filled.
Accounting Tools
OCTOBER 7, 2023
Related Courses Budgeting Capital Budgeting What is Financial Modeling? Financial modeling involves the use of a spreadsheet to project the impact of various future events or decisions. Such a model is a mathematical representation of the key variables impacting an organization. It is used to estimate how future scenarios will impact the performance and financial position of a business.
Accounting Tools
OCTOBER 7, 2023
Related Courses Accounting Controls Guidebook Accounting Information Systems What is a Control Framework? A control framework is a conceptual basis for formulating a set of controls for an organization. This set of controls is intended to minimize risk through the use of practices and procedures in a coordinated manner. The best-known control framework is the Integrated Framework, which was developed by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission.
Accounting Tools
OCTOBER 7, 2023
Related Courses Accounting Controls Guidebook What is a Detective Control? A detective control is designed to locate problems after they have occurred. Once problems have been detected, management can take steps to mitigate the risk that they will occur again in the future, usually by altering the underlying process. To be truly effective, an organization needs to follow through on the issues found by its detective controls on an ongoing basis.
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
OCTOBER 7, 2023
Related Courses GAAP Guidebook International Accounting What is the Emerging Issues Task Force? The Emerging Issues Task Force (EITF) is a committee of the Financial Accounting Standards Board (FASB), charged with issuing timely implementation guidance relating to the Accounting Standards Codification. The EITF deals with issues that are too narrow in scope for the FASB, and which can be resolved within the existing framework provided by generally accepted accounting principles.
Accounting Tools
OCTOBER 7, 2023
Related Courses New Manager Guidebook What is a Department? A department is a separate functional area within an entity that has its own organizational structure. A department typically has its own manager and operating budget. Departments may be classified as cost centers , revenue centers , or investment centers. Examples of departments are the accounting department, production department, and sales department.
Accounting Tools
OCTOBER 7, 2023
Related Courses Corporate Cash Management Corporate Finance What is a Variable Interest Rate? A variable interest rate is an interest rate that changes over time, typically in relation to an underlying benchmark, such as the prime rate. Thus, if the underlying benchmark declines, a borrower is charged a lower interest rate, with the reverse occurring if the benchmark increases.
Accounting Tools
OCTOBER 7, 2023
Related Courses Bankruptcy Tax Guide Essentials of Corporate Bankruptcy Essentials of Collection Law What is a Creditors’ Committee? A creditors’ committee is a group that represents the interests of an organization’s creditors during bankruptcy proceedings. The members of this group are comprised of both secured creditors and unsecured creditors , where secured creditors have the most power, followed by those unsecured creditors with the largest unpaid balances.
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Accounting Tools
OCTOBER 7, 2023
Related Courses Corporate Finance Crowdfunding What is an Equity Kicker? An equity kicker is a lending arrangement in which the lender agrees to provide a reduced interest rate in exchange for an ownership position in the borrower. The concept can also apply to warrants that are attached to a bond issuance, giving investors the right to buy a certain number of the common stock of the issuer at a fixed price.
Accounting Tools
OCTOBER 7, 2023
Related Courses Business Combinations and Consolidations Closing the Books The Interpretation of Financial Statements What are Consolidated Financial Statements? Consolidated financial statements are the financial statements of a group of entities that are presented as being those of a single economic entity. These statements are useful for reviewing the financial position and results of an entire group of commonly-owned businesses.
Accounting Tools
OCTOBER 7, 2023
Related Courses The Income Statement The Interpretation of Financial Statements What is the Income Statement? The income statement presents the financial results of a business for a stated period of time. The statement quantifies the amount of revenue generated and expenses incurred by an organization during a reporting period , as well as any resulting net profit or net loss.
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