Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand.
This Power point presentation contents all about management accounting,
- Meaning of Management Accounting
-Scope of Management Accounting,
-Objectives of Management Accounting,
-Tools & Techniques for Management Accounting,
-Advantages of Management Accounting,
-Limitations of Management Accounting,
-Difference Between Management Accounting,Cost Accounting & Financial Accounting.
Here are some basics of accounting like its definition, steps involved in it, book-keeping, objectives of accounting, functions and limitations of accounting for the beginners.
It is been tried to explain all these things in a quite easy manner.
Hope that it matches what you were looking for.
This presentation is based on the subject Financial Accounting which helps the beginners to know the basic concept of accounting . This is according to the syllabus of Pt. Ravishankar University , Raipur and Durg University, Durg.
Financial Statements and Business Model Canvas_Nov5th.pptxRashmi Gowda KM
In detail description about Financial Statements which includes Balance sheet, Income statement, Cash Flow and Statement of Retained Earning. Also there is explanation on Business Model Canvas
This Power point presentation contents all about management accounting,
- Meaning of Management Accounting
-Scope of Management Accounting,
-Objectives of Management Accounting,
-Tools & Techniques for Management Accounting,
-Advantages of Management Accounting,
-Limitations of Management Accounting,
-Difference Between Management Accounting,Cost Accounting & Financial Accounting.
Here are some basics of accounting like its definition, steps involved in it, book-keeping, objectives of accounting, functions and limitations of accounting for the beginners.
It is been tried to explain all these things in a quite easy manner.
Hope that it matches what you were looking for.
This presentation is based on the subject Financial Accounting which helps the beginners to know the basic concept of accounting . This is according to the syllabus of Pt. Ravishankar University , Raipur and Durg University, Durg.
Financial Statements and Business Model Canvas_Nov5th.pptxRashmi Gowda KM
In detail description about Financial Statements which includes Balance sheet, Income statement, Cash Flow and Statement of Retained Earning. Also there is explanation on Business Model Canvas
Finance for Managers
(Managerial Accounting)
Role of Financial Information
• Financial information pervades our economy
– It is the primary means of communication between profit seeking
organizations and their stakeholders
– For this reason organizations use financial measures internally as a broad indicator of performance
• This financial information provides a signal that something is wrong, but not what is wrong
• Financial information summarizes underlying activities
– But to explain financial results, managers need to dig deeper
– Detailed information provides additional insight into what is happening to
profits
For full text article go to : https://www.educorporatebridge.com/finance-for-non-finance/finance-for-non-finance-professionals/
This article on Finance for Non Finance Professionals will help you to gain basic finance knowledge, accounting concepts and better understanding of financial statement required for growth of your organization.
Budgeting is a process of expressing quantified resource requirements (amount of capital, amount of material, number of people) into time-phased goals and milestones.
Check out more @ www.eleaderstochange.com
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Role of Financial Statements
Auditors Report
Management Discussion and Analysis
Balance Sheet
Statement of Profit and Loss
Cash Flow statement
Accounting Polices
How to define Assets , Liabilities , Investments , Revenues , Expenses , Taxes, Cash Flow statements
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
Neuro-symbolic is not enough, we need neuro-*semantic*Frank van Harmelen
Neuro-symbolic (NeSy) AI is on the rise. However, simply machine learning on just any symbolic structure is not sufficient to really harvest the gains of NeSy. These will only be gained when the symbolic structures have an actual semantics. I give an operational definition of semantics as “predictable inference”.
All of this illustrated with link prediction over knowledge graphs, but the argument is general.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
2. What Is Financial Reporting?
•Financial reporting is the disclosure of financial results
and related information to management and external
stakeholders (e.g., investors, customers, regulators)
about how a company is performing over a specific
period of time.
•In case of listed companies the frequency of financial
reporting is quarterly and annual.
•Financial Reporting is usually considered an end
product of Accounting.
4. Statement of Financial Position.
Statement of Financial Position, also known as the Balance
Sheet, presents the financial position of an entity at a given
date. It is comprised of the following three elements:
• Assets: Something a business owns or controls (e.g. cash,
inventory, plant and machinery, etc).
• Liabilities: Something a business owes to someone (e.g.
creditors, bank loans, etc).
• Equity: What the business owes to its owners. This represents
the amount of capital that remains in the business after its
assets are used to pay off its outstanding liabilities. Equity
therefore represents the difference between the assets and
liabilities.
5. Income Statement.
• Income Statement, also known as the Profit and
Loss Statement, reports the company’s financial
performance in terms of net profit or loss over a
specified period. Income Statement is composed of
the following two elements:
• Income: What the business has earned over a period
(e.g. sales revenue, dividend income, etc).
• Expense: The cost incurred by the business over a
period (e.g. salaries and wages, depreciation, rental
charges, etc).
• Net profit or loss is arrived by deducting expenses
from income.
6.
7. Cash Flow Statement
• Cash Flow Statement, presents the movement in
cash and bank balances over a period. The
movement in cash flows is classified into the
following segments:
8. • Operating Activities: Represents the cash flow
from primary activities of a business.
• Investing Activities: Represents cash flow from
the purchase and sale of assets other than
inventories (e.g. purchase of a factory plant).
• Financing Activities: Represents cash flow
generated or spent on raising and repaying share
capital and debt together with the payments of
interest and dividends.
9. Statement of Changes in Equity
• Statement of Changes in Equity, also known as
the Statement of Retained Earnings, details the
movement in owners’ equity over a period. The
movement in owners’ equity is derived from the
following components:
• Net Profit or loss during the period as reported in
the income statement.
• Share capital issued or repaid during the period.
• Dividend payments.
• Gains or losses recognized directly in equity (e.g.
revaluation surpluses).
• Effects of a change in accounting policy or correction of
accounting error
10. According to International Accounting Standard
Board (IASB), the objective of financial reporting is
“to provide information about the financial position,
performance and changes in financial position of an
enterprise that is useful to a wide range of users in
making economic decisions.”
11. • The following points sum up the objectives & purposes of
financial reporting –
• Providing information to the management of an organization
which is used for the purpose of planning, analysis,
benchmarking and decision making.
• Providing information to investors, promoters, debt provider
and creditors which is used to enable them to male rational
and prudent decisions regarding investment, credit etc.
• Providing information to shareholders & public at large in
case of listed companies about various aspects of an
organization.
• Providing information about the economic resources of an
organization, claims to those resources (liabilities & owner’s
equity) and how these resources and claims have undergone
change over a period of time.
• Providing information as to how an organization is procuring &
using various resources.
12. • Providing information to various stakeholders
regarding performance management of an
organization as to how diligently & ethically they
are discharging their fiduciary duties &
responsibilities.
• Providing information to the statutory auditors
which in turn facilitates audit.
• Enhancing social welfare by looking into the
interest of employees, trade union &
Government.
13.
14. How to Create Financial Statements
• First, staff members create the original financial
statements. Where possible, electronically
link the trial balance to the financial
statements. Doing so will expedite the financial
statement process and enhance the integrity of
the numbers. Ask the staff member to do the
following:
• Prepare the initial draft of the statements
• Create clear disclosures
• Complete a current financial statement
disclosure checklist
15. • Research any nonstandard opinion or report
language (place sample reports from PPC or other
sources in the file) — later the partner will compare
this supporting document to the opinion or report
• Research any additional reports (e.g., Yellow
Book, Single Audit); place copy of such reports in
the file — the partner or manager will have such
reports available for their review
• The staff person should review the partner’s
planning document to see if any new standards
are to be incorporated into this to year’s financial
statements
16. How to Proof the Financial Statements
• Second, proof your financial statements. The proofer
usually does the following before the partner or
managers’ review:
• Add (foot the numbers for) all statements,
notes, schedules
• Tick and tie numbers.
• Review financial statements for compliance
with firm formatting standard
• Read financial statements for appropriate
grammar and punctuation (consider
using Grammarly)
• Compare the table of contents to all pages in the
report
• Review page numbers.
17. Conclusion
• So we can conclude from the above points that
financial reporting is very important from various
stakeholders point of view. At times for large
organizations, it becomes very complex but the
benefits are far more than such complexities. We
can say that financial reporting contains reliable and
relevant information which are used by multiple
stakeholders for various purposes. A sound & robust
financial reporting system across industries
promotes good competition and also facilitates
capital inflows. This, in turn, helps in economic
development.