CSI Accounting & Payroll

MAY 18, 2024

What will it take to grow your small business? Do you need a marketing strategy? What about social media? You’ve definitely got options, but for some reason, the things you’ve already tried haven’t been working. How do you figure out why you’re not growing, and how do you change that? At CSI Accounting & Payroll, we’ve worked with small business growth strategies for over 50 years.

Payroll 52

Payroll Accounting Accounting 52

Accounting Tools

MAY 18, 2024

What is Direct Costing? Direct costing is a specialized form of cost analysis that only uses variable costs to make decisions. It does not consider fixed costs , which are assumed to be associated with the time periods in which they were incurred. The direct costing concept is extremely useful for short-term decisions, but can lead to harmful results if used for long-term decision making, since it does not include all costs that may apply to a longer-term decision.

Financial Statements 52

Financial Statements Financial Reporting Financial Analysis Cost Accounting 52

Accounting Tools

MAY 18, 2024

What is Organic Growth? Organic growth is the increase in internally-generated sales of a business. The concept is used to differentiate between sales generated from existing operations and those operations that were acquired during the measurement period. In particular, organic growth is used to determine whether existing operations are in a state of decline, neutral growth, or expansion.

Financial Statements 40

Financial Statements Financial Analysis 40

Accounting Tools

MAY 18, 2024

A joint cost is a cost that benefits more than one product, while a by-product is a product that is a minor result of a production process and which has minor sales. Joint costing or by-product costing are used when a business has a production process from which final products are split off during a later stage of production. The point at which the business can determine the final product is called the split-off point.

Cost Accounting 40

Cost Accounting Financial Reporting Accounting Accounting 40

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

Budgeting

Accounting Tools

MAY 18, 2024

What is the Cost of Quality? The cost of quality is the accumulated cost of not creating a quality product. These costs can include reworking a product, testing it, field service to make corrections after a product has been installed, and replacing a faulty product. This aggregate cost is reported to management to give them a basis for ensuring that processes always produce to customer expectations.

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