Accounting Tools

AUGUST 26, 2023

Related Courses Corporate Cash Management Treasurer's Guidebook What is Cash Concentration? Cash concentration is the aggregation of the cash in multiple bank accounts into a single master account. This is done so that the funds can be more efficiently invested or used for payments from a centralized account. The use of cash concentration makes it less likely that cash will sit unused in an account that does not earn interest , and also allows for investments in securities that require a minimum

Accounting 40

Accounting Accounting 40

Accounting Tools

AUGUST 26, 2023

Related Courses Corporate Cash Management Foreign Currency Accounting What is a Forward Window Contract? A forward window contract is a contract under which an entity agrees to purchase a fixed amount of a foreign currency within a range of settlement dates, and at a predetermined rate. This contract is slightly more expensive than a standard forward exchange contract , but makes it much easier to match incoming customer payments to the terms of the contract.

Accounting 40

Accounting Accounting 40

Accounting Tools

AUGUST 26, 2023

Related Courses Payroll Management Small Business Tax Guide What is FUTA? FUTA is an acronym for the Federal Unemployment Tax Act; it is a payroll tax paid by employers (not employees ), and goes into a federal fund that pays the cost of administering the unemployment insurance and job service programs in all States; it also pays half the cost of extended unemployment benefits during periods of high unemployment.

Payroll 40

Payroll Tax 40

Accounting Tools

AUGUST 26, 2023

Related Courses Optimal Accounting for Payables Payables Management How to Avoid Approving Invoices Approvals should be avoided as much as possible in the accounts payable process. There is a significant bottleneck involved in waiting for a manager to approve an invoice , so use as many other alternatives as possible. Several examples are noted below.

Invoicing 40

Invoicing Purchase Order Accounts Payable Accounts Payable 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

AUGUST 26, 2023

Related Courses Payables Management The Requirement for a W-9 Form Following the end of each calendar year , the accounts payable staff must evaluate whether to issue a Form 1099 to suppliers. The evaluation is based in part on the information provided by suppliers on the Form W-9, which is the Request for Taxpayer Identification Number and Certification.

Accounts Payable 40

Accounts Payable Accounts Payable Accounting Accounting 40

Accounting Tools

AUGUST 26, 2023

Related Courses GAAP Guidebook International Accounting What is the Financial Accounting Standards Board? The Financial Accounting Standards Board (FASB) creates accounting standards for use within the Generally Accepted Accounting Principles ( GAAP ) framework. The FASB is the successor to the Accounting Principles Board, and has been functioning since 1973.

Financial Accounting 40

Financial Accounting Accounting Accounting Financial Statements 40

Accounting Tools

AUGUST 26, 2023

What is Floating Capital? Floating capital is the amount of funding needed by a business to pay for its immediate operational needs. At a general level, floating capital is working capital , which focuses on the current assets of a business, minus its current liabilities. More specifically, floating capital is the net amount of funding needed to pay for a firm's investments in receivables , prepaid expenses , and inventory.

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Accounting Tools

AUGUST 26, 2023

Related Courses New Manager Guidebook What is Scientific Management? Scientific management involves the careful study of a job to determine the best possible procedures for conducting it. The emphasis is on finding the best combination of movements, coupled with equipment, to achieve the highest possible amount of output. It involves the following activities: Develop a standardized approach for performing a task.

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Accounting Tools

AUGUST 26, 2023

Related Courses Accounting for Bonds Accounting for Investments Corporate Finance What is a Convertible Bond? A convertible bond is a bond that can be converted to stock using a predetermined conversion ratio. The conversion option is usually available only at set intervals, and conversion is at the discretion of the bondholder. The presence of conversion rights typically reduces the interest cost of such a bond, since investors assign some value to the conversion privilege.

Corporate Finance 40

Corporate Finance Accounting Accounting 40

Accounting Tools

AUGUST 26, 2023

Related Courses Operations Management What is a Focused Factory? A focused factory is a highly efficient manufacturing facility that is designed to create a limited set of products at minimal cost and a high rate of throughput. The typical focused factory is designed to produce in high volume, and may have a substantial fixed asset base. Given these characteristics, a focused factory is likely to have a fairly large amount of fixed costs , which means that it will lose money unless it can produc

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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

AUGUST 26, 2023

Related Courses Business Ratios Guidebook The Interpretation of Financial Statements What is Free Cash Flow Yield? Free cash flow yield compares an organization’s free cash flow per share to its market price per share. A low ratio is good for the investor, since the market price is being supported by a significant amount of cash flow. In this situation, there is room for the market price of the stock to increase.

Financial Statements 40

Financial Statements 40

Accounting Tools

AUGUST 26, 2023

Related Courses Corporate Cash Management Treasurer's Guidebook What is a Concentration Account? A concentration account is a deposit account into which funds are shifted from other locations. This type of account is used by businesses to aggregate cash for investment or supplier payment purposes. A concentration account is also used by banks for the same-day settlement of internal transactions.

Deposits 40

Deposits Accounting Accounting 40

Accounting Tools

AUGUST 26, 2023

What is the Carrying Amount? The carrying amount is the recorded cost of an asset , net of any accumulated depreciation or accumulated impairment losses. The term also refers to the recorded amount of a liability. The carrying amount of an asset may not be the same as its current market value. Market value is based on supply and demand, while the carrying amount is a simple calculation based on the gradual depreciation charged against an asset.

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Accounting Tools

AUGUST 26, 2023

Related Courses Accountants’ Guidebook GAAP Guidebook What is a Contingent Loss? A contingent loss is one that may arise depending upon whether an event occurs at some point in the future. An analyst looks for documentation of contingent losses in a company's financial statements in order to estimate the probability of additional obligations being incurred by the entity.

Financial Statements 40

Financial Statements Auditing Accounting Accounting 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