Accounting Tools

MARCH 27, 2023

Related Courses Cost Accounting Fundamentals Financial Analysis What is Cost Accounting? Cost accounting examines the cost structure of a business. None of these tools are used by financial accountants, who are more concerned with the production of financial statements.

Cost Accounting 75

Cost Accounting Accounting Accounting Financial Statements 75

Accounting Tools

APRIL 4, 2023

Related Courses Cost Accounting Fundamentals Managerial accounting involves collecting, analyzing, and reporting information about the operations and finances of a business. The functions of managerial accounting include the following: Margin analysis.

Accounting 75

Accounting Accounting Financial Statements Financial Reporting 75

Accounting Tools

APRIL 6, 2024

Collections Function The accounting department is responsible for keeping track of overdue invoice payments from customers, and uses a variety of methods to extract payment from them, including dunning letters , phone calls, and attorney letters.

Accounting 75

Accounting Accounting Financial Statements Budgeting 75

Accounting Tools

OCTOBER 11, 2023

Requires the collection of time worked information from employees , which is then used to produce gross wage information, tax deductions, and other deductions, resulting in net pay to employees. Additional Accounting Topics The presented basics of accounting only note the barest outline of the functions performed by the accountant.

Accounting 75

Accounting Accounting Record Keeping Purchase Order 75

Accounting Tools

NOVEMBER 1, 2023

Areas of Accounting Specialization There are many sub-fields within accounting in which a person can specialize. For example, there are tax accountants , cost accountants , payroll clerks , billing clerks , general ledger accountants , and collection clerks.

General Ledger 75

General Ledger Accounting Accounting Financial Statements 75

Accounting Tools

FEBRUARY 11, 2024

Activity cost drivers are not required in the formulation of financial accounting information. Instead, they are used in management information systems, where members of the management team examine cost drivers to see if there are ways to strip costs out of the business.

Cost Accounting 40

Cost Accounting Collections Financial Accounting Accounting 40

IMA's Count Me

DECEMBER 12, 2021

Sometimes in the most famous example of, digitization in, the finance and accounting world is the ERP implementation or the system that integrate the entire business, from end, to end. What tools we have in the world? What's relevant to our industry and what's relevant to our function?

General Ledger 40

General Ledger Invoicing Accounting Accounting 40