CategoryAccounting
Accounting
Accounting
Financial Forecasting vs. Projections
When you refer to a forward-looking financial prediction, do you call it financial forecasting or a financial projection? Often, these terms are confused or used interchangeably. But there are some key differences that you should understand. The main difference is in the timing. Financial forecasting addresses your immediate predictions, while projections focus on the long […]
Accounting
Why Cash Is Still King
Cash is the most important asset in any business. It’s the lifeblood. It’s what keeps the lights on, and fuels the future growth of the company. If you run out of cash, it’s game over. Why Cash Is So Important Cash keeps the business running. Cash is used for things like: Paying expenses – the […]
Accounting
Are You Ready for New Revenue Recognition Disclosure Requirements?
The FASB’s new revenue recognition guidelines are rapidly approaching at the end of 2017. The new guidelines will clearly have an impact on the revenue recognition accounting process for impacted companies.
Accounting
Can Audits Help Improve Business Performance?
Internal and external audits can be painful for many organizations. Lots of time and effort goes into preparing information for the auditors, and the goal is typically just to get a clean bill of health on the financials.
Accounting
The New Game Plan for Finance and Accounting
The Bob Dylan song “The Times They Are a Changin’
Accounting
What’s New and What’s Coming in Accounting Technology?
Well it's that time of year - back to school time for students of all ages. Have you ever wondered what students taking Accounting courses in college are learning about technology to prepare them for the business world?
Accounting
How the New Revenue Recognition Rules Could Impact Budgeting and Planning
There’s been a lot of buzz in the accounting and finance community recently about the upcoming change in revenue recognition guidelines from the FASB and IASB.
Accounting
Expert Interview: Seth Fineberg on Simplifying Accounting and Finance
Professional accountants or CPAs looking for practical information and tools for streamlining their tax and accounting functions should probably bookmark AccountingWEB, where they'll find news and advice from top industry professionals.
Accounting
Finance and Accounting in the Digital Age
Change is inexorable, inevitable and guaranteed. Change is not something people like, though. And for those who like their change in nice, neat, bite-sized doses, the changes impacting finance and accounting today are particular disconcerting.
Accounting
Management Accounting – Helping Accountants Grow the Beans
Managers are increasingly shifting from reacting to after-the-fact reported outcomes to anticipating the future with predictive analysis and proactively making adjustments with better decisions.
Accounting
The Shift to Predictive Accounting
There is a widening gap between what the CFO and accountants report and what internal managers and employee teams want and need. This does not mean that information produced by the accountants is of little value.