David Knopf: 3 Things to Know About the New Kraft Heinz CFOHe connects with investors to ensure cash flow and fund for growth and expansion. Executives and recruiters trace this evolution to the aftermath of the global financial crisis, when companie... Read more
What Happens If You Fail the CMA Exam? 4 Reasons for CMA Exam FailFinding the Right Accounting CertificationCMA is administrated by one organization, the Institute of Management Accountants. IMA is well-run with fast email responses and provides clea... Read more
What is contra entry?Is a Certificate of Deposit a Capital Asset?These allow for a single readjustment of the interest rate, at a time of the consumer's choosing, during the term of the CD. Sometimes, financial institutions introduce CDs indexed to t... Read more
Advance paymentIn addition, you have to carefully monitor the cash value to make sure it doesn’t drop too far, or you may lose your coverage. But if you have a fairly large cash value with consistent returns, you can keep coverage in place for years... Read more
When an individual takes money out of the petty cash fund, he notes it in the petty cash ledger. The purchase can then be made for the business and any money left over can be taken back to the petty cash fund. Petty cash funds are often created by a... Read more
Post a Cash Receipts Journal to a General LedgerThis tells the reader where to go to see the details of the Total Receipts for the month. The above image is the Cash Receipts Journal for Johnson Mechanics (an example business). You will notice that I... Read more
Cash receipt — AccountingToolsAn additional posting must be made to balancing the transaction. Therefore, a credit is needed for one or more other accounts that are affected by collecting cash. The cash receipts journal is an important tool to keep t... Read more
Net Realizable Value FormulaNet Realizable Value FormulaAn accounts receivable balance is converted into cash when customers pay their outstanding invoices, but the balance must be adjusted down for clients who don’t make payment. NRV for accounts re... Read more
Overview of Key Elements of the BusinessInvesting activities include cash activities related to noncurrent assets. Financing activities include cash activities related to noncurrent liabilities and owners’ equity. The operating cash flows component o... Read more
Profitable Coaching Business: A Guide to Improving Financial Health through BookkeepingThe Three Parts of a Cash Flow StatementSince our Explanation of Cash Flow Statement illustrates how the amounts are determined, you will get a better understandin... Read more
