ProsperOps

MARCH 16, 2023

We created Effective Savings Rate (ESR) as a way to measure and definitively know the answers to our modeling questions. Ultimately, we landed on commitment-based discount management and concluded that a portfolio of Convertible Reserved Instances (RIs), later augmented with Compute Savings Plans (2019) would generate the highest ESR.

Computation 130

Computation FinOps FinOps Billing 130

Intuit

OCTOBER 2, 2023

I earned degrees in computer science and computer engineering, and I started working for a well-known company as a development manager. It’s definitely a two-way dialogue. How did you get your start in the technology space? I enjoyed the challenges, but I wanted to be part of a team that offered more stability.

Computation 130

Computation QuickBooks Accounting Accounting 130

Accounting Tools

JULY 8, 2024

As an example of how accounting rules may be applied to the assets within a group, all of the fixed assets in the computer software group could be assumed to have the same useful life , to which is applied a standard depreciation methodology. Includes buildings, computer equipment, computer software, furniture and fixtures, and vehicles.

Petty cash 74

Petty cash Computation Deposits Accounts Receivable 74

Accounting Tools

JANUARY 25, 2025

How to Calculate a Gain The amount of a gain is computed by subtracting its book value from the payment received from its sale , less any commissions and processing fees. Gains are usually listed as other income or in a separate line item on the income statement to differentiate them from revenue.

Computation 40

Computation 40

ProsperOps

FEBRUARY 17, 2023

This metric gives cloud FinOps practitioners an objective measurement to definitively understand whether or not they are achieving optimal results. Lastly, ESR can be scoped as desired — e.g., just to include compute discount instruments, or scoped to include other cost savings or discount programs, too.

FinOps 130

FinOps FinOps Cloud FinOps Computation 130

Accounting Tools

MAY 10, 2024

Computer equipment. May include not only computer equipment, but also the cost of more expensive software packages. This account is most commonly used by retailers. Fixed Asset Accounts Buildings. Includes the constructed or purchased cost of all buildings owned by the firm. Furniture and fixtures.

Petty cash 75

Petty cash Accounting Accounting Accounts Receivable 75

Oversight

APRIL 17, 2024

Here’s a reasonable working definition to start off with: ‘AI is the ability of a computer or machine to do what previously only humans could do.’ So, what IS this thing called ‘AI’? That’s an intelligent question nobody should be afraid to ask. But better.

Computation 59

Computation 59

Accounting Tools

JULY 24, 2023

Examples of Capitalization Here are several examples to illustrate the concept: A company pays $500 for a notebook computer. The computer has a useful life of three years, but it does not meet the company's $1,000 capitalization limit, so the controller charges it to expense in the current period.

Accounting 75

Accounting Accounting Computation Budgeting 75

Accounting Tools

SEPTEMBER 3, 2023

Training Sunk Cost A company spends $20,000 to train its sales staff in the use of new tablet computers, which they will use to take customer orders. The computers prove to be unreliable, and the sales manager wants to discontinue their use. Hiring Bonus Sunk Cost A company pays a new recruit $10,000 to join the organization.

Computation 75

Computation Financial Analysis Cost Accounting Accounting 75

Accounting Tools

OCTOBER 22, 2023

There may also be a verification step, where the count results are compared to the inventory unit counts in a company's computer system. If a company uses cycle counting, the warehouse staff counts the inventory in a small portion of the warehouse and matches its count information against the records in the computer system.

Computation 75

Computation Reconciling Auditing Cost Accounting 75

Accounting Tools

MARCH 24, 2023

Land, however, has no definitive useful life, so there is no way to depreciate it. In order to compute depletion, it is first necessary to establish a depletion base, which is the amount of the de­pletable asset. In this case, you depreciate the natural resources in the land using the depletion method.

Computation 75

Computation Auditing Tax Accounting 75

Accounting Tools

JULY 15, 2024

For example, it may be necessary to increase the headcount in certain areas, which in turn will require more office space and computer equipment. The plan may result in operational and financial issues that must be addressed. Further, an expansion of the business may call for more financing, either in the form of debt or equity.

Budgeting 75

Budgeting Computation 75

Accounting Tools

JUNE 12, 2023

Observe the physical inventory count , obtain confirmation of inventories held at other locations, test shipping and receiving cutoff procedures, examine paid supplier invoices, test the computation of allocated overhead , review current production costs, trace compiled inventory costs to the general ledger. Fixed assets.

Financial Statements 76

Financial Statements Auditing General Ledger Bank Reconciliation 76

FinOps Foundation

JUNE 20, 2024

They can refer to the Specification for clarification about the definition of a column of data. Cheaper to process data FOCUS combines actual billed costs and amortized costs into one dataset, drastically reducing the cost of compute and storage needed to process this data.

FinOps 147

FinOps FinOps Billing Cloud FinOps 147

Accounting Tools

JULY 31, 2023

Conversely, capitalization may be extremely rare in a services industry, especially when the cap limit is set high enough to avoid the recordation of personal computers and laptops as fixed assets. Capitalization is used heavily in asset-intensive environments, such as manufacturing, where depreciation can be a large part of total expenses.

Record Keeping 75

Record Keeping Financial Statements Computation Budgeting 75

Accounting Tools

MARCH 27, 2023

Consulting Engaging in a variety of consulting activities for clients that do not necessarily relate specifically to accounting, such as the installation of large computer systems, advising on which controls to install, providing litigation support, or reconstructed damaged accounting records.

Financial Statements 75

Financial Statements Accounting Accounting Auditing 75

Accounting Tools

AUGUST 27, 2023

Items that do not fall within the definition of cash are post-dated checks and notes receivable. Most forms of cash are electronic, rather than bills and coins, since cash balances can be stated in the computer records for investment accounts. Cash is used to acquire goods and services or to eliminate obligations.

Computation 40

Computation Billing Auditing Accounting 40

Accounting Tools

MAY 9, 2023

years Any building or structure where 80% or more of its gross rental income is from dwelling units Nonresidential real property 39 years An office building, store, or warehouse that is not residential property or has a class life of less than 27.5

Financial Statements 75

Financial Statements Computation Tax Auditing 75

Accounting Tools

JULY 16, 2023

Many budgets are prepared on electronic spreadsheets, though larger businesses prefer to use budget-specific software that is more structured and so is less liable to contain computational errors. Budgeting software also contains controls that prevent a budget model from being tampered with by an unauthorized user.

Budgeting 74

Budgeting Computation Accounting Accounting 74

Accounting Tools

NOVEMBER 2, 2023

Backflush Accounting Formula Backflush accounting is entirely automated, with a computer handling all transactions. This approach has the advantage of avoiding all manual assignments of costs to products during the various production stages, thereby eliminating a large number of transactions and the associated clerical labor.

Accounting 75

Accounting Accounting Billing Computation 75

Accounting Tools

JUNE 25, 2024

Thus, a laptop computer could be considered a fixed asset (as long as its cost exceeds the capitalization limit). Many fixed assets are portable enough to be routinely shifted within a company's premises, or entirely off the premises.

Computation 52

Computation Financial Reporting Auditing Accounting 52

Accounting Tools

JUNE 15, 2023

Dunning letters are frequently generated by a computer, with no human input at all. These electronic delivery methods can go astray (especially a fax), and may not be as effective as the more traditional paper-based method.

Collections 75

Collections Invoicing Accounts Receivable Account Receivables 75

Accounting Tools

JUNE 19, 2023

It will likely not contain "Post Closing Trial Balance" in the header, since few accounting computer systems use this designation. The post-closing trial balance contains columns for the account number, account description, debit balance, and credit balance. Instead, it will use the standard "Trial Balance" report header.

General Ledger 75

General Ledger Computation Accounts Payable Accounts Payable 75

Accounting Tools

APRIL 4, 2023

In most cases, the petty cash book is an actual ledger book, rather than a computer record. Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Optimal Accounting for Cash What is the Petty Cash Book? The petty cash book is a recordation of petty cash expenditures, sorted by date.

Petty cash 75

Petty cash General Ledger Record Keeping Computation 75

CloudZero

DECEMBER 9, 2022

Amazon’s Elastic Compute Cloud (EC2) service provides a variety of virtual machines (instances) for compute workloads. Among those, Amazon EC2 M5 instances are among the most versatile.

Computation 52

Computation 52

Accounting Tools

DECEMBER 22, 2023

Direct labor is typically assigned to a job with a timecard (using a punch clock), timesheet (where hours worked are recorded manually), or with a networked time clock application on a computer. This information can also be recorded on a smart phone or through the Internet.

Billing 75

Billing Computation Cost Accounting Accounting 75

Accounting Tools

JULY 19, 2023

Useful Life Best Practices It is relatively common to assign a standard useful life to every asset recorded within an asset class (such as machinery, vehicles, or computer equipment). Instead, if an asset fits the definition of assets recorded within a particular asset class, then the assignment of a useful life is automatic.

Computation 40

Computation Auditing Tax Accounting 40

Accounting Tools

JUNE 8, 2023

This step is handled automatically by an accounting computer system. When the financials are only being reported internally, the income statement and balance sheet may be the only documents issued. Step 5: Close the Books Close the books for the reporting period.

Financial Statements 75

Financial Statements General Ledger Accounting Accounting 75

Accounting Tools

OCTOBER 6, 2023

This definition can be broadened to include any asset that is expected to be retained for more than one accounting period. Tangible Long Lived Assets Included in the tangible long lived assets category are such assets as furniture and fixtures, manufacturing equipment, buildings, vehicles, and computer equipment.

Computation 40

Computation Auditing Tax Accounting 40

Accounting Tools

SEPTEMBER 12, 2023

Proven reserves are those reserves for which the quantity has been computed from the dimensions indicated in outcrops, trenches, drill holes and so forth, while the grade is computed from the results of detailed sampling. Related Courses Accounting for Mining What are Proven Reserves?

Computation 40

Computation Accounting Accounting 40

Invoicera

JANUARY 7, 2025

Human Errors: It comes with many errors, including wrong amount, wrong payment terms, or tax computation, thus leading to discrepancies and delays in payment. This definitely makes it easier to identify any inconsistencies or discrepancies, thus drastically minimizing fraud.

Invoicing 45

Invoicing Invoice Processing Data Entry Billing 45

Accounting Tools

MAY 1, 2023

A turnaround document is a computer-generated form that is sent to a third party, who is supposed to fill in the document and return it to the issuer. The information on the form is then used as the basis for data entry back into the computer system.

Data Entry 40

Data Entry Computation Invoicing Accounting 40

Accounting Tools

APRIL 25, 2024

The Role of Receiving in Accounting When goods are received at the receiving dock, the receiving clerk either logs the received items into the corporate computer system, or forwards written documentation to the accounting department.

Accounts Payable Clerk 40

Accounts Payable Clerk Purchase Order Computation Accounts Payable 40

Accounting Tools

SEPTEMBER 3, 2023

Online processing is the ongoing entry of transactions into a computer system in real time. The opposite of this system is batch processing, where transactions are allowed to pile up in a stack of documents, and are entered into the computer system in a batch.

Computation 40

Computation Accounting Software Accounting Accounting 40

Accounting Tools

APRIL 29, 2024

The IT department does not update computer systems when software patches are issued, resulting in known vulnerabilities giving hackers access to a company’s systems. It is easy for intruders to enter a company’s physical space, or to access its computer systems. Here are some of the more common ones: Infrequent system updates.

Computation 40

Computation Financial Statements Auditing Accounting 40

Nanonets

APRIL 5, 2023

Defining the AI Alignment Problem The field of AI Alignment, by definition, is always at odds with one important issue, dubbed the AI Alignment Problem. This involves a multidimensional approach from fields such as computer science, ethics, psychology, and law to ensure the language model produces useful and ethically aligned information.

Computation 94

Computation 94

Accounting Tools

JULY 15, 2024

In computing the amortization rate for wells and equipment, exclude proved developed reserves that can only be produced after significant additional development costs are incurred, since additional asset investments must be made to access those reserves. Level of ownership.

Computation 40

Computation Accounting Accounting 40