Chief financial officers (CFOs) must go beyond conventional finance functions in today’s business environment and become guardians of a company’s digital transformation. They’ll need to use a variety of SaaS tools, including artificial intelligence (AI), machine learning (ML), and blockchain, to do so. What financial software tools does a CFO use? Continue reading What Financial Software Tools Does a CFO Use?
When starting a new business, there are usually so many plates spinning that it can be confusing as to what to deal with first. You’ve got your product or service, you’ve successfully started your business and now money is coming in: it’s finally time to hire your first staff members. Who are the first people to hire in a startup business? Continue reading Who are the First People to Hire in a Startup Business?
The company’s Accounting Department Organization Chart provides the foundation for coordinating and administering your accounting management system. A description of the roles and responsibilities applicable to the accounting and operations staff are provided. Responsibilities specific to certain procedures or tasks are presented in the related procedures. What Is an accounting department organization chart? Continue reading What Is an Accounting Department Organization Chart?
Basic Cost Accounting Information starts with cost: a financial measure within your accounting management system defined as resources consumed or acquired in accomplishing a specified purpose such as performing a service, providing a product, or carrying out a project or program regardless of when the resources were ordered, received, or paid. Cost can be defined in a variety of ways depending on the objectives or information desired. Continue reading What Are the Uses of Cost Accounting Information?