What is Cash Flow from Financing Activities? Cash flow from financing activities (CFF) is a part of a companies cash flow statement. It shows the flows of cash that are used to finance the company. Examples of financing activities include dividends and transactions involving equity and debt. Why is Cash Flow from Financing Activities Important? …
Many people often ask how to negotiate a pay rise. It’s an important skill that will help you throughout your life, no matter the stage in your career, whether you’re an assistant accountant or the CFO. There are several things you need to take into account when negotiating a pay rise. Build a business case …
An Assistant Accountant is an important member of a finance team. This is usually the first step on the accountancy career ladder(as a graduate or after working as an accounts assistant). In a larger finance function the Assistant accountant will report into the Management Accountant, in a smaller team they might report to the Financial …
A credit controller is a vital member of a finance team. Working alongside or as part of the Accounts Receivable team, they ensure that clients pay on time, whilst maintaining a good relationship with the clients. They have strong relations with the Sales/Client Management teams, helping balance client happiness with timely payments. Credit Controller Duties …
Writing off Accounts Receivable is done when a client is unable to pay the money they owe us. This often happens when a client goes bankrupt. There are two methods used when writing off bad debt. The direct write off method or the bad debt provision method. Examples When writing off accounts receivable there are …
Accrued Income is money that has been earned but has not yet been invoiced/received. Accrued Income is also known as Accrued Revenue. How does Accrued Income Work? Most companies use accrual accounting. IFRS and GAAP (the main two accounting principles and standards in the world) prefer companies to match revenue and costs in period that …
Working Capital = current assets minus current liabilities So you may be wondering what is Working Capital? It is the difference between a companies current assets (cash, accounts receivable etc) and it’s current liabilities (accounts payable etc). Working Capital is used to review a company’s short term financial health, by looking at it’s liquidity and …
A Chartered Accountant is an accountant that has been rewarded the highly prestigious ICAEW qualification. These accountants have usually earned their qualification working in an audit firm or a company that has been accepted as a training provider (which is not easy!). These accountants can be found in many areas of finance, including firms, businesses, …
A Financial Controller is a senior member of a finance team. In a many businesses they will be the number two or three in the business. An FC is largely responsible for the day to day running of the finance team whilst assisting the CFO with strategic and confidential work (such as acquisitions). They are …
Maybe you’re thinking of doing an Accounting and Finance degree or are fancying a career change. One question that often comes up is accounting hard? It’s a very valid question and is not an easy answer. Usually it’s not the easiest job, and that’s why it pays well. You have a lot of responsibility for …