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What AI Will Automate In Accounting with Erica Goode, CPA

Cloud Accounting Podcast

FTX had 80,000 transactions in Ask My Accountant; the crazy cost accounting behind EY's failed breakup; using ChatGPT for financial statement analysis; what the tech world thinks AI will automate in accounting and more! Interested in sponsoring the Cloud Accounting Podcast? We appreciate you!

CPA 98
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Top Remote Accountants for Hire | May 9, 2024

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Top Remote Accounting Candidates This Week Looking for remote accountants? With our ‘ Always-On Recruiting ‘ program, you can access highly skilled and experienced remote accountants with no upfront cost. Sign up now to receive the full list of top accounting candidates available weekly!

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Stage 2 allocation definition

Accounting Tools

The allocation is useful for tracking the cost of a customer service call or the cost to design a new product. Business relationship cost objects. These include the costs incurred for a supplier or customer. The allocation is useful for tracking the cost of dealing with another entity.

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Cost object definition

Accounting Tools

Operational Cost Objects A cost object can be within a company, such as a department, machining operation, production line, or process. For example, you could track the cost of designing a new product, or a customer service call, or of reworking a returned product.

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Cost classification definition

Accounting Tools

Related Courses Cost Accounting Fundamentals What is Cost Classification? Cost classification involves the separation of a group of expenses into different categories. Several types of cost classifications are noted below. This information is used to determine individual customer profitability.

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Exception report definition

Accounting Tools

As yet another example, a report could identify those instances in which customer service personnel were unable to settle a customer’s complaint on the first contact. In all three cases, these reports identify specific instances in which there are issues that management should correct.

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Cost structure definition

Accounting Tools

Related Courses Activity-Based Costing Cost Accounting Fundamentals Cost Management Guidebook What is Cost Structure? Cost structure refers to the types and relative proportions of fixed costs and variable costs that a business incurs.