Definition:Accounting is the process of identifying and recordingbusiness eventsas well as presenting and communicating this financial information to end-users in a meaningful way. In other words, accounting is more than just recording the debits and credits of transactions. ...
See Ivalua’s Source-to-Contract Solution in Action View Demo What is eSourcing? Simply put, eSourcing is a collection of digital tools that help streamline, simplify and improve strategic sourcing activities and Procurement processes performed by an organization’s Procurement team. eSourcing tools...
Course Overview: A manager needs a general understanding of accounting which is the process of recording, classifying, reporting and interpreting the financial data of an organization. Discussion, case examples and analysis of double-entry bookkeeping techniques lead to a foundation for analysis of bas...
Using deferred revenue is not just about accounting compliance—it provides businesses with an accurate picture of what a company has actually earned versus what it still owes customers. By matching revenue recognition with service delivery, companies create realistic financial projections that lead to m...
Welcome to the world of finance and accounting, where numbers are the backbone of business operations. One crucial aspect of financial management is the handling of fixed assets. Whether you’re a business owner, an accounting professional, or simply interested in understanding how assets are manage...
An MBA in Accounting is a specialization within the broader field of business administration, focusing specifically on financial management, analysis, and reporting. This degree program not only provides a comprehensive understanding of accounting principles but also offers a deep dive into strategic finan...
Revaluation accounting is a process that involves reassessing the carrying value of a company's assets to reflect its current fair value. It is a departure from the traditional historical cost principle, where assets are initially recorded at their acquisition cost and subsequently depreciated. Under ...
When is Account Reconciliation Done? Accountants do account reconciliation during each monthly and year-end financial close process or in real-time using specialized automation reconciliation software integrated with an ERP. The automated accounting reconciliation software includes a beneficial audit trail. ...
Check here: How to Write a Cover Letter in 8 Simple Steps. Now, let’s see what should be in a cover letter to make it successful: What to Include in a Cover Letter? The key to writing a successful job application is to know exactly what to put in a cover letter. Are you ...
In business, time is money, and this is especially true when it comes to collecting payments from customers. Improving your collections process can improve your cash flow and strengthen your working capital. To encourage prompt payment, consider: ...