Tag Archives: Audit & Finance

Basics of Accounting— Part II: Closing the Books

This is the second in a series of articles designed to help the more technical people understand the business. They are intended as general reference material. A copy of the first article, Basics of Accounting: General Ledger and Account Types, can be found here. Books or ledgers are used to record the transactions. Closing the books is […]

Basics of Accounting— Part I: General Ledger & Account Types

This is the first in a series of articles designed to help the more technical people understand the business. They are intended as general reference material. A copy of the second article, Basics of Accounting: Closing the Books, can be found here. The general ledger (GL) is the repository and reporting vehicle for all financial subledger transactions. Subledgers include the Oracle® Applications […]

Nine Fundamental Criteria for a Good Chart of Accounts Design

A useful chart of accounts (COA) provides flexibility for recording and reporting financialinformation, allows uniform management, and enhances communication. These nine fundamentalcriteria for COA design in Oracle® E-Business Suite will allow your business to create aforward-thinking chart of accounts to optimize growth and flexibility, while minimizing maintenance. Pass the “Mystery Accountant” Test – Do your […]

Eight Guidelines for Successfully Creating a Financial Statement Generator (FSG) Report

Financial Statement Generators (FSG) are powerful tools that can be used to produce a variety of traditional reports such as balance sheets, profit and loss statements, income statements, expense analyses and gross margin reports. Here are eight guidelines will help you get started with making a useful report. Make a Master Row Set – Create […]

I’m Paying HOW Much? Taking Advantage of Inventory Item Cost Savings Opportunities in Oracle EBS

Automation continues to transform whole industries – and finance and audit are no exception. Specific to the financial audit, most of the high-volume, routine, non-judgmental activities in real time are being transformed by software, leaving audit professionals more time to do what they do best: analyze results and make expert judgement calls. This webinar focuses on the framework and standards under which audits are currently conducted, and will showcase real-world examples where automation streamlines workflows to transform the entire audit process.

Power of Ledger Sets and Secondary Ledgers in Complying with New Regulations

Automation continues to transform whole industries – and finance and audit are no exception. Specific to the financial audit, most of the high-volume, routine, non-judgmental activities in real time are being transformed by software, leaving audit professionals more time to do what they do best: analyze results and make expert judgement calls. This webinar focuses on the framework and standards under which audits are currently conducted, and will showcase real-world examples where automation streamlines workflows to transform the entire audit process.

Secondary Ledgers – The Benefits Of Adjustment Ledgers For GAAP Reporting And Regulatory Compliance

Automation continues to transform whole industries – and finance and audit are no exception. Specific to the financial audit, most of the high-volume, routine, non-judgmental activities in real time are being transformed by software, leaving audit professionals more time to do what they do best: analyze results and make expert judgement calls. This webinar focuses on the framework and standards under which audits are currently conducted, and will showcase real-world examples where automation streamlines workflows to transform the entire audit process.

Making Sense of Alphabet Soup: Complying with Statutory, Regulatory and Compliance Requirements

Automation continues to transform whole industries – and finance and audit are no exception. Specific to the financial audit, most of the high-volume, routine, non-judgmental activities in real time are being transformed by software, leaving audit professionals more time to do what they do best: analyze results and make expert judgement calls. This webinar focuses on the framework and standards under which audits are currently conducted, and will showcase real-world examples where automation streamlines workflows to transform the entire audit process.

How Automation Will Transform Your Financial Audit Webinar

Automation continues to transform whole industries – and finance and audit are no exception. Specific to the financial audit, most of the high-volume, routine, non-judgmental activities in real time are being transformed by software, leaving audit professionals more time to do what they do best: analyze results and make expert judgement calls. This webinar focuses on the framework and standards under which audits are currently conducted, and will showcase real-world examples where automation streamlines workflows to transform the entire audit process.

Thinking About Selling Part of Your Business – Accounting Treatment of the Costs

Under FASB 141-Business Combinations, prior to 2009 merger and acquisition (M&A) transaction costs could be capitalized and recorded as part of the purchase price. Effective in 2009, FASB 141-R Business Combinations (later codified as ASC-805-10) mandates that direct M&A transaction costs now need to be treated separately from the business combination and expensed as occurred.  […]