Gross sales are the sum total of all sales transactions recorded in a given period, excluding any deductions from the total. Gross sales minus the following three reductions are referred to as net sales: Allowances for sales. A decrease in the customer’s purchase price is a result of minor product flaws. After the customer has … Read more
The top of the income statement is usually reserved for revenue. It does, however, have an effect on the bottom line. Affect on Funds A company’s cash-only payment conditions produce a commensurate amount of cash on the balance sheet. It has a negative effect on the accounts receivable Accounts receivable are created on the balance … Read more
A CFO with skill and innovation may become a critical strategic partner for the CEO and a leader in the C-suite, but not without establishing a top team to assist shoulder the weight. “It would be a pity if that CFO’s expertise was wasted closing the books,” says Jack McCullough, president of the CFO Leadership … Read more
One thing that is almost a given when high-profile economists hit the stage at a large event is that the audience is going to hear some intriguing views on what variables are affecting the markets. What is not always assured is that the session is going to be humorous. The Market Mavens Masterclass session at … Read more
Efficient use of client data and the integration of business intelligence tools is a top priority for companies that want their employees to work as efficiently and effectively as possible. The accounting profession will see an increase in the number of digital natives in the next ten years. It’s like having to get out of … Read more