Insightful Accountant
JULY 16, 2023
According to the latest MetLife & US Chamber of Commerce Small Business Index, small businesses are feeling better about the future. Read more here.
Accounting Tools
JULY 16, 2023
Related Courses Forensic Analytics Guide to Analytical Procedures Guide to Audit Sampling Guide to Data Analytics for Audits How to Conduct an Audit Engagement What are Analytical Procedures? Analytical procedures are a type of evidence used during an audit. These procedures can indicate possible problems with the financial records of a client, which can then be investigated more thoroughly.
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Insightful Accountant
JULY 16, 2023
Intuit has consolidated pay and tax info into this new QuickBooks Workforce centralized app.
Accounting Tools
JULY 16, 2023
Related Courses Fixed Asset Accounting How to Audit Fixed Assets The depreciation term is found on both the income statement and the balance sheet. On the income statement, it is listed as depreciation expense , and refers to the amount of depreciation that was charged to expense only in that reporting period. On the balance sheet, it is listed as accumulated depreciation , and refers to the cumulative amount of depreciation that has been charged against all fixed assets.
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.
IMA's Count Me
JULY 16, 2023
Unlock the mystifying world of cryptocurrencies and blockchain in this enlightening episode of Count Me In. Join our guest host Kelly Richmond Pope, accounting Professor and author, as she speaks with Lamont Black, an Associate Professor of Finance at Napoli University. They navigate us through the complexities of blockchain technology, its relevance to accounting and financial services, and the turbulent landscape of cryptocurrency exchanges.
Accounting Tools
JULY 16, 2023
Related Courses Accounting for Intangible Assets Intangible Asset Valuation The Balance Sheet An intangible asset is a non-physical asset that has a multi-period useful life. Examples of intangible assets are patents, copyrights, customer lists, literary works, trademarks, and broadcast rights. The balance sheet aggregates all of a company's assets , liabilities , and shareholders' equity.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
JULY 16, 2023
What is a Reserve in Accounting? A reserve is an allowance that is set aside for expected losses or financial requirements. For example, a business could create a reserve for bad debts or obsolete inventory that have not yet been specifically identified. A reserve may also be used to set aside a portion of a firm’s retained earnings , which signals to investors that the company plans to use the funds for specific future purposes, such as the purchase of fixed assets or an expansion into a new ge
finout
JULY 16, 2023
Table of contents What is Datadog Custom Metrics?
Accounting Tools
JULY 16, 2023
Related Courses Budgeting Capital Budgeting What is a Budget? A budget is used to forecast the financial results and financial position of an entity for a future period. It is used for planning and performance measurement purposes, which can involve spending for fixed assets , rolling out new products, training employees, setting up bonus plans, controlling operations, and so forth.
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
JULY 16, 2023
Related Courses Corporate Finance Investor Relations Guidebook Public Company Accounting and Finance What is a Beneficial Owner? A beneficial owner is an entity that owns stock or other property that is registered in the name of another party. The beneficial owner enjoys the income from the owned asset. If the asset is stock, the beneficial owner has the right to vote or sell these shares.
Accounting Tools
JULY 16, 2023
Related Courses Fixed Asset Accounting How to Audit Fixed Assets To calculate a gain or loss on the sale of an asset , compare the cash received to the carrying value of the asset. The following steps provide more detail about the process: If the asset is a fixed asset , verify that it has been depreciated through the end of the last reporting period.
Accounting Tools
JULY 16, 2023
Related Courses Essentials of Business Math What is the Median? The median is the amount of the middle number in a sorted list of numbers, so that half the data in the sample are above the median and half are below it. The median represents the approximate average amount of a set of numbers, though the individual values in the set can skew the median higher or lower than the actual average.
Accounting Tools
JULY 16, 2023
Related Courses Cost Accounting Fundamentals What is Market Share Variance? Market share variance shows the impact of a change in market share on the profits of a business. This information can be critical when evaluating the marketing and other costs that will be incurred to create and maintain an increase in market share. If the marketing cost is not excessively high and the potential profit associated with an increase in market share is significant, then it can make sense to pursue an expansi
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Accounting Tools
JULY 16, 2023
Related Courses Accounting for Inventory How to Audit Inventory What is a Materials Ledger Card? A materials ledger card is a manual record of the units of raw materials flowing through a warehouse. The card typically contains information about the following transactions : Purchases of raw materials from suppliers (recorded when received) Transfers of raw materials from the warehouse to the production floor Receipts back from the production floor for excess units not used Adjustments to on-hand
Accounting Tools
JULY 16, 2023
Related Courses Cost Accounting Fundamentals What is the Materials Price Variance? The materials price variance is the difference between the actual and budgeted cost to acquire materials, multiplied by the total number of units purchased. The variance is used to spot instances in which a business may be overpaying for raw materials and components. The formula is: (Actual price - Standard price) x Actual quantity used = Material price variance The key part of this calculation is the standard pri
Accounting Tools
JULY 16, 2023
Related Courses Fair Value Accounting What is Market Value? Market value is the price at which a product or service could be sold in a competitive, open market. The concept is the basis for several accounting analyses to determine whether the book value of an asset should be written down. Market value can be determined most easily when there are a large number of willing buyers and sellers that engage in purchases and sales of similar products on an ongoing basis.
Accounting Tools
JULY 16, 2023
Related Courses Operations Management What is Manufacturing Resource Planning? Manufacturing resource planning is an integrated system for running the production area. It is an expansion of the material requirements planning concept beyond just production planning, with additional computer-based capabilities in the areas of planning for direct labor , machine capacity , scheduling, job costing , and shop floor control.
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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.
Accounting Tools
JULY 16, 2023
Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is a Mortgage Bond? A mortgage bond is a debt offering that is secured by the issuing entity's real estate or equipment. If the issuer defaults on the bond , the property collateral is paid over to the bond holders. This extra level of security for the bond investor usually leads to a lower effective interest rate on the bond.
Accounting Tools
JULY 16, 2023
Related Courses Human Resources Guidebook Payroll Management What is the Graveyard Shift? The graveyard shift is a work shift that runs from midnight to eight o’clock in the morning. People working on this shift typically receive a shift premium , since this is considered the most difficult shift of the day. It is also known as the third shift. Productivity levels tend to be lowest during the graveyard shift, so companies generally do not operate them unless they are experiencing high levels of
Accounting Tools
JULY 16, 2023
Related Courses Business Ratios Guidebook Payables Management The Interpretation of Financial Statements What is Days Payable Outstanding? Days payable outstanding (DPO) states the average number of days that it takes for a business to pay its accounts payable. A high result is generally considered to represent good cash management, since a business is holding onto its cash for as long as possible, thereby decreasing its investment in working capital.
Accounting Tools
JULY 16, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the General Ledger? A general ledger is the master set of accounts that summarize all transactions occurring within an entity. The general ledger contains all of the accounts currently being used in a chart of accounts , and is sorted by account number. Either individual transactions or summary-level postings from subsidiary-level ledgers are listed within each account number, sorted by transaction d
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.
Accounting Tools
JULY 16, 2023
Related Courses Accountants' Guidebook GAAP Guidebook What is the Accounting for Stock Dividends? A stock dividend is the issuance by a corporation of its common stock to shareholders without any consideration. If a corporation issues less than 25 percent of the total amount of the number of previously outstanding shares to shareholders, the transaction is accounted for as a stock dividend.
Accounting Tools
JULY 16, 2023
Related Courses How to Conduct a Compilation Engagement How to Conduct a Review Engagement How to Conduct an Audit Engagement What is a Relevant Assertion? A relevant assertion is any assertion that has a reasonable possibility of containing a misstatement that would cause a client’s financial statements to be materially misstated. As such, these assertions have a meaningful bearing on whether an account is fairly stated.
Accounting Tools
JULY 16, 2023
Related Courses Contract Management New Manager Guidebook Project Management What is Bottom-Up Estimating? Bottom-up estimating involves the estimation of work at the lowest possible level of detail. These estimates are then aggregated in order to arrive at summary totals. By building detailed cost and time estimates for a work package , the probability of being able to meet the estimated amounts improves substantially.
Accounting Tools
JULY 16, 2023
Related Courses Fixed Asset Accounting How to Audit Fixed Assets How to Account for a Fixed Asset Disposal There are two scenarios under which you may dispose of a fixed asset. The first situation arises when you are eliminating it without receiving any payment in return. This is a common situation when a fixed asset is being scrapped or given away because it is obsolete or no longer in use, and there is no resale market for it.
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!
Accounting Tools
JULY 16, 2023
Related Courses Revenue Management Revenue Recognition What is Prestige Pricing? Prestige pricing involves setting prices at a high level, with no discounting. By doing so, the seller is conveying the impression of high quality. Prestige pricing only works when the product is actually of high quality and is supported by adequate branding expenditures.
Accounting Tools
JULY 16, 2023
Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is Double Entry Accounting? Double entry accounting is a record keeping system under which every transaction is recorded in at least two accounts. There is no limit on the number of accounts that may be used in a transaction, but the minimum is two accounts.
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