Accounting Tools

JULY 11, 2023

The intent of financial accounting is to distribute a standard set of financial information to outside users of the information, such as creditors , lenders , and investors. It is usually compared to management accounting , which focuses on an operational analysis of a business to explore how it can be made more efficient or profitable.

Financial Accounting 40

Financial Accounting Financial Statements Accounting Accounting 40

Accounting Tools

SEPTEMBER 29, 2023

Related Courses Property Management Accounting What is Accrued Rent Liability? Accrued rent liability is a balance sheet account that stores the amount of rent incurred but not yet paid. This account is used by a tenant that has entered into a facility rental arrangement with a landlord.

Accruals 40

Accruals Management Accounting Accounting Accounting 40

Accounting Tools

JULY 14, 2024

Also, by eliminating irrelevant costs from a decision, management is prevented from focusing on information that might otherwise incorrectly affect its decision.

Financial Analysis 40

Financial Analysis Financial Statements Cost Accounting Financial Accounting 40

Accounting Tools

MARCH 8, 2024

Accounting for Accrued Rent Expense If a tenant is using the accrual basis of accounting, then it should accrue for this expense in the accounting period in which it incurs the expense, which means the period during which it is using the rental property. The tenant then reverses the accrued expense in the following period.

Accruals 40

Accruals Management Accounting Accounting Accounting 40

Accounting Tools

MARCH 8, 2024

A landlord could offset this receivable with an allowance for doubtful accounts , if there is a probability that a tenant will not pay rent. Related AccountingTools Course Property Management Accounting Property Management Best Practices Related Articles Accrued Rent Expense Accrued Rent Income Deferred Rent Accounting

Management Accounting 40

Management Accounting Accounting Accounting 40

CapActix

JUNE 17, 2024

This comprehensive guide will delve into the importance of Accounts Receivable Outsourcing Services , particularly for small businesses. Let’s take practical strategies for managing accounts receivable, highlight common challenges, and discuss how to choose the right outsourcing partner.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Accounting 52

IMA's Count Me

FEBRUARY 20, 2022

I would like to first get your definition of modern FP&A, and how does it kind of vary across these different regions? So, there are really a lot of definitions, of FP&A from, different account and boards from, different practices, practitioners. So you've obviously seen a lot. You've heard a lot. To start things off.

Management Accounting 40

Management Accounting Budgeting Accounting Accounting 40

Accounting Tools

MARCH 12, 2024

Once the tenant pays, the accounting entry is a debit to the cash account and a credit to the accounts receivable account (thereby flushing out the amount in the receivable account).

Accruals 40

Accruals Accounts Receivable Accounts Receivable Account Receivables 40

Accounting Tools

OCTOBER 2, 2023

Related Courses Property Management Accounting Real Estate Accounting What is a Common Interest Realty Association? The association is responsible for property maintenance and repairs, management services, and other tasks defined in its governing documents, which are frequently subcontracted to a property management company.

Management Accounting 40

Management Accounting Accounting Accounting 40

Accounting Tools

MAY 2, 2023

Related Courses Accounting for Leases Property Management Accounting What is a Net Lease? A net lease is a contractual arrangement under which the lessee pays for all costs associated with a property. In essence, the lessee makes payments as though it is the owner, without actually owning the property.

Tax 40

Tax Management Accounting Accounting Accounting 40

accountingfly

SEPTEMBER 27, 2023

Hiring Hybrid As we know, most accounting firms were fully remote during the pandemic and now they want everyone back. The more modern definition of hybrid is somebody that’s working remotely, but there’s certain touch points during the year when they need to come to the office. Let’s talk about it.

CPA 105

CPA Budgeting Tax Bookkeeping 105

Invoicera

APRIL 2, 2024

A well-organized accounts payable system helps you easily identify errors before they become problems. Accounts Receivable Management What is receivable management: Accounts receivable management is defined as the practice of managing customer payments that are owed to a business. Who pays to whom?

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Accounts Payable 52

Accounting Tools

SEPTEMBER 22, 2023

Related Courses Bookkeeping Guidebook Human Resources Guidebook Payroll Management Accounting for a Bonus Accrual A bonus expense should be accrued whenever there is an expectation that the financial or operational performance of a company at least equals the performance levels required in any active bonus plans.

Accruals 40

Accruals Payroll Tax Bookkeeping 40

IMA's Count Me

OCTOBER 12, 2020

We need one way or connecting, and then the digital way and data definitions. Data definitions is just an issue all around standard sharing many data definition are the same, but mean something different. Additionally risk and compliance data accounts for almost three quarters of all of the data requests. Thanks Mitchell.

Auditing 40

Auditing Management Accounting Accounting Accounting 40

IMA's Count Me

SEPTEMBER 21, 2022

At that time, the CMA exam was administered with paper and pencil and the field of management accounting was not widely known. How did you learn about management accounting? Tori: But seeing the exam simulated during my studying in this way definitely helped a lot. What do you remember about taking the CMA exam?

Computation 40

Computation CPA Management Accounting Financial Reporting 40

Invoicera

JANUARY 19, 2025

As automation continues to rapidly evolve, it’s definitely one investment that any business cannot afford to miss. Automated systems provide, above all else, better insight, eliminate human errors, and build stronger relationships with clients and vendors. Late payments impacting vendor relationships?

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables AR 40

AvidXchange

MARCH 23, 2021

Quite frankly without AvidXchange I don’t see how we would have managed accounts payable during the COVID-19 pandemic, as our 18-person team was working remotely,” said Cardella. It would definitely have been disrupted significantly.” The AvidXchange software has been a tremendous asset for us.

Invoicing 40

Invoicing Accounts Payable Accounts Payable Financial Records 40

IMA's Count Me

JANUARY 8, 2020

You know, one doesn't have to ride the same code three times and this is definitely, we see more and more of that in business departments and in finance Mitch : (05:23) As these tools and skills are starting to become shared across an organization, essentially.

Reconciling 40

Reconciling Financial Statements Accounting Accounting 40

oAppsNet

MAY 7, 2024

In any business, managing finances effectively is pivotal to sustaining and growing operations. Among the various aspects of financial management, accounts receivable collections stand out for their direct impact on a company’s liquidity and cash flow. What Are Accounts Receivable Collections?

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Collections 40

IMA's Count Me

OCTOBER 27, 2019

Lorenzo Patelli also serves on the editorial board of advances in management accounting and has received a number of awards and honors for his teaching excellence in research. Let's go to the discussion. Mitch : (01:08) Artificial intelligence is certainly becoming more pervasive in accounting and finance today.

Computation 40

Computation Management Accounting Accounting Accounting 40

CapActix

JULY 17, 2023

Similar to any other business, a CPA firm not only needs to handle the stressful job of managing accounts, tax seasons, and much more related to finance management, but these companies also need to manage complicated jobs related to client lifecycle.

Outsourced Bookkeeping 52

Outsourced Bookkeeping CPA Bookkeeping Bookkeeping Services 52

IMA's Count Me

AUGUST 29, 2021

IMA Website: [link] About the CMA Certification: [link] For nearly 50 years, the CMA® (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. Because CMAs can explain the "why" behind numbers, not just the "what." Margaret (01:08): Great.

Management Accounting 40

Management Accounting Accounting Accounting Financial Analysis 40

IMA's Count Me

DECEMBER 26, 2019

So if you want to go into public accounting, by all means I recommend that you get a CPA. But if you want to work inside an organization, for example, as a CFO, as a controller, as a senior financial accountant or senior management accountant, then by all means I recommend the CMA. So continue to learn. Get certified.

CPA 40

CPA Financial Statements Management Accounting Corporate Finance 40

IMA's Count Me

MAY 30, 2021

And like I said, particularly for the management accountant? If you stop and think about the management accounting role, maybe 10 or 15 years ago, it would be fair to say that it was kind of a departmental role, but now it's an enterprise wide role. What's the definition of this bolded term? Anything else?

Computation 40

Computation Management Accounting Accounting Accounting 40

IMA's Count Me

DECEMBER 22, 2021

Katie: (05:01) Yeah, so I definitely think Zoom's a really popular one. So I do wanna take this a step further and really make sure we cover, you know, our listener side of things, the management accounting side, a little bit more of the accounting finance profession. But, it definitely only comes last in a lot of people.

Accounting 40

Accounting Accounting CPA Management Accounting 40

Nanonets

SEPTEMBER 22, 2023

It is also important to have a clear understanding of the accounts receivable cycle and its impact on business finances.    Accounts receivable financing  options, such as factoring and invoice discounting, can help businesses address cash flow challenges.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Accounts Payable 52

IMA's Count Me

JULY 17, 2022

Read the report here: Management Accountants’ Role in Sustainable Business Strategy: A Guide to Reducing a Carbon Footprint Connect with the Speakers: [link] [link] [link] Full Episode Transcript: Adam: (00:05) Hello again, welcome back to Count Me In, IMA's podcast exploring the world of business from the management accountants perspective.

Management Accounting 40

Management Accounting Accounting Accounting Budgeting 40

IMA's Count Me

JUNE 3, 2019

Pierce definitely has a great outlook on this topic. So let's take a listen. Adam : (00:51) What kind of technologies do you utilize at your company and how do you see the impact of emerging technologies affecting the accounting profession? We use something called Tax Jar for automated sales tax reporting.

CPA 40

CPA Accounting Accounting Tax 40

IMA's Count Me

JUNE 24, 2019

qualitative data doesn't, I hate to say anything that's definitive because it doesn't really exist, but I think, I think that there's definitional difference cause they're saying that it's qualitative as opposed to raw financial data. Stay tuned for the conclusion of the episode! [ Now available! ]

General Ledger 40

General Ledger Financial Statements Accounting Accounting 40

IMA's Count Me

JANUARY 1, 2020

IMA's a podcast about all things affecting the accounting and finance world. Most management accountants can relate to the benefits of having a mentor. His faith in me and encouragement definitely helped me progressing further in my professional career.

CPA 40

CPA Auditing Accounting Accounting 40

IMA's Count Me

DECEMBER 15, 2021

However, when the finance and accounting function get involved and they bring their skillset, it creates set of capabilities and skills to the work that's going on. That's where we need the talent and the skill sets of financial professionals and accountants and management accountants. And it's incredibly valuable.

Management Accounting 40

Management Accounting Accounting Accounting Financial Accounting 40

IMA's Count Me

OCTOBER 20, 2020

IMA's podcast about all things affecting the accounting and finance world. Jolene Lampton, Professor of Management, Accounting, and Area coordinator for MBA and Accounting Programs at Park University, joined Count Me In cohost, Adam Larson, to talk about the significance of ethics and values. Lampton, Ph.D.,

CPA 40

CPA Management Accounting Accounting Accounting 40

IMA's Count Me

SEPTEMBER 2, 2020

Sangeeta is a chartered accountant and management accountant with over two decades of experience, including leadership positions with multinationals across geographies, and most recently serving as executive director and CFO of Dun & Bradstreet Technologies. Rouba: (03:08) From your personal experience.

Collections 40

Collections Tax Budgeting Accounting 40

IMA's Count Me

AUGUST 21, 2022

Connect with Amanda: [link] [link] [link] [link] [link] [link] Full Episode Transcript: Adam: I'm Adam Larson and welcome to Count Me In, the podcast focused on all the ways management accountants can help businesses thrive through smart financial management and data driven decision making. It is something that's important.

Auditing 40

Auditing Management Accounting Collections Accounting 40

IMA's Count Me

JUNE 26, 2022

Connect with John: [link] Full Episode Transcript: Adam: (00:05) Welcome back to Count Me In, the podcast that looks at business issues and trends from the management accountant's perspective. Adam: (02:19) But then when you look at innovation from an organizational perspective, is there like a definition of what counts as innovation?

General Ledger 40

General Ledger Financial Services Collections Budgeting 40

IMA's Count Me

SEPTEMBER 4, 2022

Connect with Leah Workman Forensics Full Episode Transcript Adam: Welcome to Count Me In, the podcast that explores the world of business from a management accountants perspective. Leah is a certified fraud examiner and the author of the new book Data Sleuth: Using Data in Forensic Accounting Engagements and Fraud Investigations.

Accounting 40

Accounting Accounting Payroll Auditing 40

IMA's Count Me

JULY 6, 2021

In his double role of CFO and CIO, he has developed a wealth of skill and knowledge necessary for effectively overseeing and managing accounting, FP&A, supply chain management, corporate operations and IT. Keith: (06:08) So this was definitely something I wanted to focus on when I took over IT three years ago.

Budgeting 40

Budgeting Financial Statements Financial Reporting Accounting 40