Chartbeat - Antonia Abraham, CFO
Ellie Mae - Jordan Kahn, Revenue Manager
Instead of looking backwards using traditional GAAP reporting, recurring revenue businesses want to measure the forward-looking revenue expected in future periods. But there’s a lot of complexity concerning subscription revenue recognition. Learn how finance leaders are operationalizing these metrics in their subscription businesses today.
Usage Based Metering in the Cloud (Subscribed13)Zuora, Inc.
CloudPassage - Rand Wacker, VP Products
Link Bermuda - Winston Morton, VP Technology
Want to move to a usage-based pricing model but afraid of how to accurately measure and bill your customers? Come and learn about the processes and technology used to manage this advanced pricing model from two leading cloud service providers.
Slides from the Power Packed Productivity session by Tim Wade on 10 Feb 2012 in Singapore. Tim Wade is Singapore-based motivational speaker and business growth speaker who focuses on the psychology and strategies of effective change management, increasing productivity, leadership and performance improvement. www.timwade.com
Big Data can drive Big Value. In this presentation, Espen Sletteng-Fagerli, CTO of Avanade Norway, explains how Microsoft technology best can be used in Big Data scenarios, utilizing technologies such as Hadoop on Azure, SQL Server and Microsoft Office. First presented at CIO-Forum in Oslo, Norway, October 11th 2012.
Organizational Culture And Innovation Understanding The LinkDenison Consulting
Businesses today are functioning in highly competitive, rapidly changing environments. This makes their ability to innovate crucial to long-term survival. Understanding how their culture either supports or hinders the process of innovation is critical if they wish to stay competitive in today’s demanding market.
Real-time Streaming and Querying with Amazon Kinesis and Amazon Elastic MapRe...Amazon Web Services
Originally, Hadoop was used as a batch analytics tool; however, this is rapidly changing, as applications move towards real-time processing and streaming. Amazon Elastic MapReduce has made running Hadoop in the cloud easier and more accessible than ever. Each day, tens of thousands of Hadoop clusters are run on the Amazon Elastic MapReduce infrastructure by users of every size — from university students to Fortune 50 companies. We recently launched Amazon Kinesis – a managed service for real-time processing of high volume, streaming data. Amazon Kinesis enables a new class of big data applications which can continuously analyze data at any volume and throughput, in real-time. Adi will discuss each service, dive into how customers are adopting the services for different use cases, and share emerging best practices. Learn how you can architect Amazon Kinesis and Amazon Elastic MapReduce together to create a highly scalable real-time analytics solution which can ingest and process terabytes of data per hour from hundreds of thousands of different concurrent sources. Forever change how you process web site click-streams, marketing and financial transactions, social media feeds, logs and metering data, and location-tracking events.
This presentation was made at the Washington Area Community Investment Fund (Wacif). This presentation goes over how to use financial statements and tools to make decisions.
98C H A P T E R3 Measuring Business IncomeI ncome, o.docxevonnehoggarth79783
98
C H A P T E R
3 Measuring Business Income
I ncome, or earnings, is the most important measure of a com-pany’s success or failure. Thus, the incentive to manage, or mis-
state, earnings by manipulating the numbers can be powerful, and
because earnings are based on estimates, manipulation can be easy.
For these reasons, ethical behavior is extremely important when
measuring business income.
L E A R N I N G O B J E C T I V E S
LO1 Define net income, and explain the assumptions underlying
income measurement and their ethical application. (pp. 100–104)
LO2 Define accrual accounting, and explain how it is
accomplished. (pp. 104–106)
LO3 Identify four situations that require adjusting entries, and
illustrate typical adjusting entries. (pp. 107–116)
LO4 Prepare financial statements from an adjusted trial
balance. (pp. 116–119)
LO5 Use accrual-based information to analyze cash flows.
(pp. 119–120)
Making a
Statement
Revenues
– Expenses
= Net Income
INCOME STATEMENT
STATEMENT OF
OWNER’S EQUITY
Beginning Balance
+ Net Income
– Withdrawals
= Ending Balance
BALANCE SHEET
Assets Liabilities
Owner’s
Equity
A = L + OE
STATEMENT OF CASH FLOWS
= Ending Cash Balance
Operating activities
+ Investing activities
+ Financing activities
= Change in Cash
+ Beginning Balance
Adjusting entries affect the
balance sheet and income
statement but not the
statement of cash flows.
# 103261 Cust: CENGAGE Au: Needles Pg. No. 98
Title: Principles of Accounting Server: Jobs
C/M/Y/K
Short / Normal / Long
DESIGN SERVICES OF
S4CARLISLE
Publishing Services
37744_03_ch03_p098-141.indd 9837744_03_ch03_p098-141.indd 98 12/4/09 11:51:01 AM12/4/09 11:51:01 AM
Copyright 2010 Cengage Learning, Inc. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
99
� What assumptions must Reliable
Answering Service make to
account for transactions that
span accounting periods?
� How does Reliable assign its
revenues and expenses to the
proper accounting period so
that net income is properly
measured?
� Why are the adjustments that
these transactions require
important to Reliable’s financial
performance?
DECISION POINT � A USER’S FOCUS
RELIABLE ANSWERING
SERVICE
99
Reliable Answering Service takes telephone messages for doctors,
lawyers, and other professionals and relays them immediately when
they involve an emergency. At the end of any accounting period,
Reliable has many transactions that will affect future periods. Exam-
ples appear in the company’s trial balance on the following page.
They include office supplies and prepaid expenses, which, though paid
in the period just ended, will benefit future periods and are there-
fore recorded as assets. Another example is unearned revenue, which
represents receipts for services the company will not perform and
earn until a future period. If.
a) Adjust EntriesAssociate Level MaterialAppendix DAdjusting Entri.docxannetnash8266
a) Adjust EntriesAssociate Level MaterialAppendix DAdjusting Entries, Posting, and Preparing an Adjusted Trial BalanceAdjusting EntriesUse this General Journal to record adjusting entries on June 30, 2008 for Masasi Company, Inc. The first few lines are completed for you.GENERAL JOURNALJ3DATEACCOUNT TITLE AND EXPLANATIONREF.DEBITCREDITJune 30Supplies Expense6311,400Supplies ($2000 - $600)1261,40030Utilites ExpenseUtilites Payable30Insurance ExpensePrepaid Insurance30Unearned Service RevenueService Revenue30Salaries ExpenseSalaries Payable30Depreciation ExpenseAccumulated Depreciation - Office Equipment30Accounts ReceivableService Revenue
&R&A
b) Post to Ledger AccountsAssociate Level MaterialAppendix DAdjusting Entries, Posting, and Preparing an Adjusted Trial BalancePosting EntriesUse this General Ledger to post adjusting entries to all 18 ledger accounts for Masasi Company, Inc. The first two accounts are completed for you. Make sure you: a) Fill in the correct information, including account titles and numbers for the remaining accounts; and b) Place a check mark in the reference column, when applicable. You can copy the check mark in the Cash account and paste it when you want to use it.GENERAL LEDGERAccount:CashNo. 101DATEEXPLANATIONREF.DEBITCREDITBALANCE30-Jun-2008Balance√7,150Account:Accounts ReceivableNo. 112DATEEXPLANATIONREF.DEBITCREDITBALANCE30-Jun-2008Balance√6,00030-Jun-2008AdjustingJ31,0007,000Account:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCE
&R&A
c) Prepare Adjusted Trial Bal.Associate Level MaterialAppendix DAdjusting Entries, Posting, and Preparing an Adjusted Trial BalancePrepare Adjusted Trial BalanceUse this Trial Balance template to prepare an adjusted trial balance for Masasi Company, Inc. at June 30, 2008. You can place summation formulas at the end of the Debit and Credit columns to compute debit and credit totals. Otherwise, you can compute totals using a calculator, then enter totals directly.MASASI COMPANY, INC.Adjusted Trial Balance30-Jun-08ACCOUNTSDEBITCREDITTotals
&R&A
92
Chapter3
Adjusting the
Accounts
Scan Study Objectives ■
Read Feature Story ■
Read Preview ■
Read text and answer Before You Go On
p. 97 ■ p. 104 ■ p. 109 ■ p. 114 ■
Work Demonstration Problem ■
Review Summary of Study Objectives ■
Answer Self-Study Questions ■
Complete Assignments ■
After studying this chapter, you should be
able to:
1 Explain the time period assumpt.
CO2 Presentation - The Largest Profit LeversCoalmarch
Take a deep dive with master bookkeeper Dan Gordon, as he explains what tools to use, business organization strategies that include systems, procedures checklists, and more. Learn the tricks of accounting automation that will help you move the profit needle for your company.
Understanding the Financial Health of your Subscription BusinessTotango
Industry leaders, Zuora and Totango, present which metrics truly give an accurate picture of the health of your subscription business. Which metrics should you calculate and optimize on - ARR, GEI, CRC or other ratios?
Chief Financial Officer, Tyler Sloat from Zuora shares 3 metrics they measure for their company and track against other best-in-class subscription companies. Chief Marketing Officer, Kaiser Mulla-Feroze from Totango, also presents a couple key metrics he finds missing from the boardroom discussions.
Visit totango.com to view the entire webinar and hear their insightful commentary that accompanies these slides and Q&A.
Usage Based Metering in the Cloud (Subscribed13)Zuora, Inc.
CloudPassage - Rand Wacker, VP Products
Link Bermuda - Winston Morton, VP Technology
Want to move to a usage-based pricing model but afraid of how to accurately measure and bill your customers? Come and learn about the processes and technology used to manage this advanced pricing model from two leading cloud service providers.
Slides from the Power Packed Productivity session by Tim Wade on 10 Feb 2012 in Singapore. Tim Wade is Singapore-based motivational speaker and business growth speaker who focuses on the psychology and strategies of effective change management, increasing productivity, leadership and performance improvement. www.timwade.com
Big Data can drive Big Value. In this presentation, Espen Sletteng-Fagerli, CTO of Avanade Norway, explains how Microsoft technology best can be used in Big Data scenarios, utilizing technologies such as Hadoop on Azure, SQL Server and Microsoft Office. First presented at CIO-Forum in Oslo, Norway, October 11th 2012.
Organizational Culture And Innovation Understanding The LinkDenison Consulting
Businesses today are functioning in highly competitive, rapidly changing environments. This makes their ability to innovate crucial to long-term survival. Understanding how their culture either supports or hinders the process of innovation is critical if they wish to stay competitive in today’s demanding market.
Real-time Streaming and Querying with Amazon Kinesis and Amazon Elastic MapRe...Amazon Web Services
Originally, Hadoop was used as a batch analytics tool; however, this is rapidly changing, as applications move towards real-time processing and streaming. Amazon Elastic MapReduce has made running Hadoop in the cloud easier and more accessible than ever. Each day, tens of thousands of Hadoop clusters are run on the Amazon Elastic MapReduce infrastructure by users of every size — from university students to Fortune 50 companies. We recently launched Amazon Kinesis – a managed service for real-time processing of high volume, streaming data. Amazon Kinesis enables a new class of big data applications which can continuously analyze data at any volume and throughput, in real-time. Adi will discuss each service, dive into how customers are adopting the services for different use cases, and share emerging best practices. Learn how you can architect Amazon Kinesis and Amazon Elastic MapReduce together to create a highly scalable real-time analytics solution which can ingest and process terabytes of data per hour from hundreds of thousands of different concurrent sources. Forever change how you process web site click-streams, marketing and financial transactions, social media feeds, logs and metering data, and location-tracking events.
This presentation was made at the Washington Area Community Investment Fund (Wacif). This presentation goes over how to use financial statements and tools to make decisions.
98C H A P T E R3 Measuring Business IncomeI ncome, o.docxevonnehoggarth79783
98
C H A P T E R
3 Measuring Business Income
I ncome, or earnings, is the most important measure of a com-pany’s success or failure. Thus, the incentive to manage, or mis-
state, earnings by manipulating the numbers can be powerful, and
because earnings are based on estimates, manipulation can be easy.
For these reasons, ethical behavior is extremely important when
measuring business income.
L E A R N I N G O B J E C T I V E S
LO1 Define net income, and explain the assumptions underlying
income measurement and their ethical application. (pp. 100–104)
LO2 Define accrual accounting, and explain how it is
accomplished. (pp. 104–106)
LO3 Identify four situations that require adjusting entries, and
illustrate typical adjusting entries. (pp. 107–116)
LO4 Prepare financial statements from an adjusted trial
balance. (pp. 116–119)
LO5 Use accrual-based information to analyze cash flows.
(pp. 119–120)
Making a
Statement
Revenues
– Expenses
= Net Income
INCOME STATEMENT
STATEMENT OF
OWNER’S EQUITY
Beginning Balance
+ Net Income
– Withdrawals
= Ending Balance
BALANCE SHEET
Assets Liabilities
Owner’s
Equity
A = L + OE
STATEMENT OF CASH FLOWS
= Ending Cash Balance
Operating activities
+ Investing activities
+ Financing activities
= Change in Cash
+ Beginning Balance
Adjusting entries affect the
balance sheet and income
statement but not the
statement of cash flows.
# 103261 Cust: CENGAGE Au: Needles Pg. No. 98
Title: Principles of Accounting Server: Jobs
C/M/Y/K
Short / Normal / Long
DESIGN SERVICES OF
S4CARLISLE
Publishing Services
37744_03_ch03_p098-141.indd 9837744_03_ch03_p098-141.indd 98 12/4/09 11:51:01 AM12/4/09 11:51:01 AM
Copyright 2010 Cengage Learning, Inc. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part.
99
� What assumptions must Reliable
Answering Service make to
account for transactions that
span accounting periods?
� How does Reliable assign its
revenues and expenses to the
proper accounting period so
that net income is properly
measured?
� Why are the adjustments that
these transactions require
important to Reliable’s financial
performance?
DECISION POINT � A USER’S FOCUS
RELIABLE ANSWERING
SERVICE
99
Reliable Answering Service takes telephone messages for doctors,
lawyers, and other professionals and relays them immediately when
they involve an emergency. At the end of any accounting period,
Reliable has many transactions that will affect future periods. Exam-
ples appear in the company’s trial balance on the following page.
They include office supplies and prepaid expenses, which, though paid
in the period just ended, will benefit future periods and are there-
fore recorded as assets. Another example is unearned revenue, which
represents receipts for services the company will not perform and
earn until a future period. If.
a) Adjust EntriesAssociate Level MaterialAppendix DAdjusting Entri.docxannetnash8266
a) Adjust EntriesAssociate Level MaterialAppendix DAdjusting Entries, Posting, and Preparing an Adjusted Trial BalanceAdjusting EntriesUse this General Journal to record adjusting entries on June 30, 2008 for Masasi Company, Inc. The first few lines are completed for you.GENERAL JOURNALJ3DATEACCOUNT TITLE AND EXPLANATIONREF.DEBITCREDITJune 30Supplies Expense6311,400Supplies ($2000 - $600)1261,40030Utilites ExpenseUtilites Payable30Insurance ExpensePrepaid Insurance30Unearned Service RevenueService Revenue30Salaries ExpenseSalaries Payable30Depreciation ExpenseAccumulated Depreciation - Office Equipment30Accounts ReceivableService Revenue
&R&A
b) Post to Ledger AccountsAssociate Level MaterialAppendix DAdjusting Entries, Posting, and Preparing an Adjusted Trial BalancePosting EntriesUse this General Ledger to post adjusting entries to all 18 ledger accounts for Masasi Company, Inc. The first two accounts are completed for you. Make sure you: a) Fill in the correct information, including account titles and numbers for the remaining accounts; and b) Place a check mark in the reference column, when applicable. You can copy the check mark in the Cash account and paste it when you want to use it.GENERAL LEDGERAccount:CashNo. 101DATEEXPLANATIONREF.DEBITCREDITBALANCE30-Jun-2008Balance√7,150Account:Accounts ReceivableNo. 112DATEEXPLANATIONREF.DEBITCREDITBALANCE30-Jun-2008Balance√6,00030-Jun-2008AdjustingJ31,0007,000Account:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCEAccount:No.DATEEXPLANATIONREF.DEBITCREDITBALANCE
&R&A
c) Prepare Adjusted Trial Bal.Associate Level MaterialAppendix DAdjusting Entries, Posting, and Preparing an Adjusted Trial BalancePrepare Adjusted Trial BalanceUse this Trial Balance template to prepare an adjusted trial balance for Masasi Company, Inc. at June 30, 2008. You can place summation formulas at the end of the Debit and Credit columns to compute debit and credit totals. Otherwise, you can compute totals using a calculator, then enter totals directly.MASASI COMPANY, INC.Adjusted Trial Balance30-Jun-08ACCOUNTSDEBITCREDITTotals
&R&A
92
Chapter3
Adjusting the
Accounts
Scan Study Objectives ■
Read Feature Story ■
Read Preview ■
Read text and answer Before You Go On
p. 97 ■ p. 104 ■ p. 109 ■ p. 114 ■
Work Demonstration Problem ■
Review Summary of Study Objectives ■
Answer Self-Study Questions ■
Complete Assignments ■
After studying this chapter, you should be
able to:
1 Explain the time period assumpt.
CO2 Presentation - The Largest Profit LeversCoalmarch
Take a deep dive with master bookkeeper Dan Gordon, as he explains what tools to use, business organization strategies that include systems, procedures checklists, and more. Learn the tricks of accounting automation that will help you move the profit needle for your company.
Understanding the Financial Health of your Subscription BusinessTotango
Industry leaders, Zuora and Totango, present which metrics truly give an accurate picture of the health of your subscription business. Which metrics should you calculate and optimize on - ARR, GEI, CRC or other ratios?
Chief Financial Officer, Tyler Sloat from Zuora shares 3 metrics they measure for their company and track against other best-in-class subscription companies. Chief Marketing Officer, Kaiser Mulla-Feroze from Totango, also presents a couple key metrics he finds missing from the boardroom discussions.
Visit totango.com to view the entire webinar and hear their insightful commentary that accompanies these slides and Q&A.
BSBFIM601
Manage finances
DESCRIBE RESPONSIBILITY ACCOUNTING
The process of measuring and reporting
operating data by areas of responsibility.
WHICH OF THE FOLLOWING STATEMENTS
RELATING TO A BUDGET IS NOT TRUE?
It is a detailed plan
It is a management tool
It provides many of the performance targets used
in responsibility accounting
It is prepared on a historical basis
It identifies certain financial and operating
targets
DETAIL 4 DIFFERENT TYPES OF BUDGETS, AND
THEIR PURPOSES.
REVENUE BUDGETS
The revenue budget is a forecast because it is
based on projecting future sales. Managers must
take into consideration their competitors,
advertising budget, sales force effectiveness and
other relevant factors, and they must make an
estimate of sales volume. Then, based on
estimates of demand at various prices, managers
must select an appropriate sales price. The result
is the revenue budget.
EXPENSE BUDGETS
Found in all units within a firm and in not-for-
profit and profit-making organisations alike.
Expense budgets list the primary activities
undertaken by a unit to achieve its goals and
allocate a dollar amount to each. Managers give
particular attention to those that remain
relatively unchanged regardless of volume. As
production drops, the variable expenses tend to
control themselves because they fall with volume.
CASH BUDGETS
Cash budgets are forecasts of how much cash the
organisation will have on hand and how much it
will need to meet expenses. This budget can
reveal potential shortages or the availability of
surplus cash for short-term investments.
CAPITAL EXPENDITURE BUDGETS
Investments in property, buildings and major
equipment are called capital expenditures. These
are typically substantial expenditures both in
terms of magnitude and duration. The magnitude
and duration of these investments can justify the
development of separate budgets for these
expenditures. Such capital expenditure budgets
allow management to forecast future capital
requirements, to keep on top of important capital
projects, and to ensure that adequate cash is
available to meet these expenditures as they
become due
INFORMATION WOULD YOU REQUIRE TO PLAN
AND PREPARE A BUDGET FOR A NEW BUSINESS
Identify
what do we want to achieve?
how will we go about it?
what resources will we need?
how many people?
how much time?
what rates of pay?
what can go wrong and how can we plan for
emergencies
Talk with managers, supervisors, customers,
banks, etc
EXTERNAL FACTORS
Direct costs
Salaries and Wages
Contract Teaching
Casual Staff Costs
Overheads
Consumables
Other Contract & Consultants
Non Capitalised Equipment
Entertainment
Scholarships
Repairs & Maintenance
Travel
Other Direct Costs
TERMS
CAPITAL INVESTMENT
...
Resource Ch. 4 of Financial AccountingComplete Exercise BE4.docxdebishakespeare
Resource: Ch. 4 of Financial Accounting
Complete Exercise BE4-1.
Complete Problems 4-2A & 4-3A.
Answer the following:
? Commercial accounting and generally accepted accounting principles, generally prescribe the accrual basis of accounting over the cash basis.
? Describe both bases of accounting and explain the differences.
Submit as either a Microsoft? Excel? or Microsoft? Word document
Ch 4 attached
Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2011). Financial accounting: Tools for business decision making (6th ed.). Hoboken, NJ: John Wiley & Sons.
study objectives
After studying this chapter, you should be able to:
1 Explain the revenue recognition principle and the expense
recognition principle.
2 Differentiate between the cash basis and the accrual basis of
accounting.
3 Explain why adjusting entries are needed, and identify the
major types of adjusting entries.
4 Prepare adjusting entries for deferrals.
5 Prepare adjusting entries for accruals.
6 Describe the nature and purpose of the adjusted trial balance.
7 Explain the purpose of closing entries.
8 Describe the required steps in the accounting cycle.
9 Understand the causes of differences between net
income and cash provided by operating activities.
chapter
ACCRUAL ACCOUNTING
CONCEPTS
4
● Scan Study Objectives
● Read Feature Story
● Scan Preview
● Read Text and Answer
p. 175 p. 180 p. 185 p. 189
● Work Using the Decision Toolkit
● Review Summary of Study Objectives
● Work Comprehensive p. 197
● Answer Self-Test Questions
● Complete Assignments
● Go to WileyPLU S for practice and tutorials
● Read A Look at I FR S p. 224
● the navigator
Do it!
Do it!
✓
162
c04AccrualAccountingConcepts.qxd 8/3/10 1:50 PM Page 162
feature story
163
The accuracy of the financial reporting system de-
pends on answers to a few fundamental questions. At
what point has revenue been earned? At what point
is the earnings process complete? When have ex-
penses really been incurred?
During the 1990s, the stock prices of dot-com com-
panies boomed. Many dot-com companies earned most
of their revenue from selling advertising
space on their websites. To boost re-
ported revenue, some dot-coms began
swapping website ad space. Company
A would put an ad for its website on company B’s web-
site, and company B would put an ad for its website on
company A’s website. No money ever changed hands,
but each company recorded revenue (for the value of
the space that it gave up on its site). This practice did
little to boost net income and resulted in no additional
cash flow—but it did boost reported revenue. Regula-
tors eventually put an end to the practice.
Another type of transgression results from compa-
nies recording revenue or expenses in the wrong year.
In fact, shifting revenues and expenses is one of the
most common abuses of financial accounting. Xerox
admitted reporting billions of dollars of lease revenue
in periods earlier than it should h ...
Financial statement analysis is the process of reviewing and evaluating a company's financial statements (such as the balance sheet or profit and loss statement), thereby gaining an understanding of the financial health of the company and enabling more effective decision making. Financial statements record financial data; however, this information must be evaluated through financial statement analysis to become more useful to investors, shareholders, managers and other interested parties.
Get deep technical accounting insights into the biggest pain points companies have faced with implementing and analyzing Standalone Selling Prices. Learn how you can be more strategic with pricing policies and improve processes for setting SSP.
Subscribed 2019 - CPQ X: The Future of CPQZuora, Inc.
Curious about what's next for Zuora CPQ? Join us to hear Zuora's CPQ Product Management demonstrate the brand new UI and features included with Zuora's CPQ X.
Subscribed 2019 - Going Global: Demystifying International PaymentsZuora, Inc.
Going global is a key strategy to drive company growth, but setting up and managing international payments can be very complicated. Join us at this session to understand payment operation requirements for multi-geography expansion and the Zuora configurations that will help you take your business anywhere in the world.
Let's admit it: Payment fraud is widespread and a huge liability for companies. The only way to successfully combat it is to develop comprehensive strategies and make the most of fraud management tools. Join this session to hear new ideas and strategies from our payment partners and customers on how to defeat fraud, increase consumer confidence, and reduce collection friction.
Subscribed 2019 - Optimizing Recurring Collections at ScaleZuora, Inc.
Managing collections in the Subscription Economy is complicated. You're chasing unpaid invoices and delinquent accounts of unprecedented volume. Join this session to hear how customers are using Zuora Collect to improve their collections process and reduce involuntary churn.
Subscribed 2019 - Regulations and What Lies Ahead with Zuora Payments and Col...Zuora, Inc.
Going global is a key strategy to drive company growth, but setting up and managing international payments can be very complicated. Join us at this session to understand payment operation requirements for multi-geography expansion and the Zuora configurations that will help you take your business anywhere in the world.
Subscribed 2019 - Collection Strategies: Recovering Critical Revenue to Drive...Zuora, Inc.
Strategic AR teams are always seeking ways to improve collection techniques and refine existing processes, especially when new products are launched. Attend this session to hear first-hand from high-volume B2B companies on how they use Zuora to recover revenue and drive business growth.
Subscribed 2019 - Why Digital Transformation Should Drive Business Model Tran...Zuora, Inc.
Hear from business leaders who have successfully led their companies through a digital transformation and those who are currently in the midst of the process. We'll have an open and healthy conversation on why and how companies need to digitally transform, challenges to expect, and how to build a business case internally. This is a great opportunity for executives responsible for transformation strategy to learn from each other and get a real sense of what life is like on the other end of the journey.
Subscribed 2019 - Business Transformation: Architecting the Launch for SuccessZuora, Inc.
Business transformation projects are a big undertaking that can take several years for large organizations to complete. Picking the right launch strategy is the key to success. Hear first-hand from Heather Maniscalco, Director of Enterprise Architecture at Neustar, and Ksenia Kouchnirenko, Head of Business Systems at SurveyMonkey, about the launch strategies their companies adopted and why.
In addition, Zuora's Enterprise Architecture team will share a framework to help you develop a launch strategy to quickly realize value while minimizing risk, cost, and impact on customers and internal operations teams. This is an ideal session for CIOs getting started on the Zuora journey.
Subscribed 2019 - Deliver Growth Without Breaking Your Back OfficeZuora, Inc.
Is the shift to subscriptions wreaking havoc on your RevRec process? Learn how RevRec automation can help support business growth and agility by seamlessly handling complex long-term contracts and frequent contract modifications without breaking your back office.
Subscribed 2019 - Customer First Approach to Pricing Zuora, Inc.
Pricing is at the core of how companies sell, support, and talk about their products. Yet most companies fail to architect a well thought out customer journey and decision-making process. In this session, Hazjier Pourkhalkhali, Global Director, Strategy & Value at Optimizely shares how the company changed its ways two years ago and saw a dramatic reduction in churn rates while improving win rates, deal sizes, and expansions. All due to a customer-first approach to pricing.
Subscribed 2019 - Empower Sales Operations Zuora, Inc.
Does your Sales Operations team police every quote that goes out the door? With Zuora CPQ, that isn't necessary. At this session, long-time Zuora CPQ technical administrator, Jacob Feisley, shares tips for quote configuration that enable automation (= fewer manual checks) and his best practices for managing approval processes.
Subscribed 2019 - Best Practices for Realizing Optimal Value from ZuoraZuora, Inc.
Is your head spinning thinking through operationalizing pricing changes or rolling out a new product? Come hear from Mario Espinoza, Revenue Operations Manager at Outreach.io on how you can improve efficiency by getting maximum value from Zuora's products. Whether it's a product catalog cleanup, quoting process pains, or getting Sales and Finance in sync, you're guaranteed to benefit from Mario's expertise.
Subscribed 2019 - Omni-Channel Customer Acquisition and RetentionZuora, Inc.
Using multiple channels is a proven method for customer growth. It often requires new systems, which add complexity and cost to "stitch" them together and maintain them over time. Zuora aims to solve that problem with Zuora Commerce, and at this session our product experts will share how. You'll leave understanding how our strategy of unifying configurations and data through a common integration supports the delivery of a consistent and seamless experience for your customers across all channels.
Subscribed 2019 - Quote Smarter, Faster and Get Products to Market Quicker wi...Zuora, Inc.
Eager to hear how companies use Zuora Billing and Zuora CPQ to manage the quote to cash process? This is your session! We'll do a deep dive into Zuora CPQ, -- how to use it to configure, price, and quote your deals -- then hear from long-time Zuora Billing and CPQ users at Solium; they'll share their journey of moving from cumbersome spreadsheets to custom quotes, things to consider downstream when managing Zuora CPQ and change management best practices. The team has refined its processes over time, leading to faster time to market for new products. Come learn from their experience. This will be an interactive session, so bring your questions!
Subscribed 2019 - Empower Sales Operations with Zuora CPQZuora, Inc.
Does your Sales Operations team police every quote that goes out the door? With Zuora CPQ, that isn't necessary. At this session, long-time Zuora CPQ technical administrator, Jacob Feisley, shares tips for quote configuration that enable automation (= fewer manual checks) and his best practices for managing approval processes.
Subscribed 2019 - Implementing a Consumption-Based Pricing StrategyZuora, Inc.
Adding consumption-based pricing has shown to increase revenue growth. Many companies consider it but aren't sure when and how to implement the change. At this session, we'll share popular consumption pricing strategies, show how to implement them in Zuora, outline how to ready an organization to meter and bill for subscriber consumption, and end with best practices for integrating metering of consumption with billing.
Subscribed 2019 - Proration: Why Getting it Right MattersZuora, Inc.
Proration can be a complex and daunting topic. But mastering it will give you flexibility in how you price and structure product lines, and drive additional revenue. In this session, we'll share best practices with proration and the impact it has on revenue. You'll also learn the key differences between billing rules and revenue rules and how they affect invoicing and revenue recognition.
Subscribed 2019 - Beyond reporting analytics for growthZuora, Inc.
“Reporting” is critical for measuring what is happening in specific areas of your business. “Analytics” goes beyond operational reporting and enables you to truly understand and grow your business. At Zuora, we're working on data APIs, operational reporting and analytics as three pillars of a complete data strategy. Come to this session and learn how the features on our roadmap address Subscription Economy business metrics and tackle top asks from our customers.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
You Think You Know Subscription Finance? Think Again. (Subscribed13)
1. You Think You Know Subscription Finance?
ThinkAgain
Iain Hassall
VP Finance & Controller
2. W H Y I S R E V E N U E R E P O R T I N G
I M P O R TA N T ?
3. W H Y I S R E V E N U E R E P O R T I N G
I M P O R TA N T ?
4. B U T R E V E N U E R E C O G N I T I O N I S
H A R D A N D C O N S TA N T LY C H A N G I N G
1990’s
2000’s
Today
5. T H E P R E S E N T S TAT E
Most
Subscrip6on
Economy
companies
are
required
to
follow
ASU
2009-‐13
(EITF
08-‐01)
These
rules
require,
where
possible,
for
the
Company
to
separate
the
elements
of
the
arrangement
and
account
for
each
according
to
their
rela,ve
fair
values.
Companies
were
required
to
adopt
ASU2009-‐13
commencing
January
1,
2011.
6. T H E P R E S E N T S TAT E
Fair
values
can
be
determined
by
the
following
criteria:
§ Vendor
Specific
Objec6ve
Evidence
(VSOE);
§ Third
Party
Evidence
(TPE);
or
§ Es6mated
Selling
Price
(ESP).
The
difference
between
this
and
SOP
97-‐2
is
that
there
is
no
residual
method
accoun6ng,
all
elements
must
be
fair
valued.
7. T H E P R E S E N T S TAT E
Subscrip6on
Economy
companies
arrangements
can
contain
a
mul6tude
of
elements:
8. S E PA R AT I N G T H E E L E M E N T S
Since
the
adop6on
of
ASU2009-‐13,
subscrip6on
companies
have
been
split
on
separa6ng
implementa6on
or
other
professional
services
elements
from
the
subscrip6on
element:
Separa,ng
Professional
Services
from
the
Subscrip,on
Not
Separa,ng
Professional
Services
from
the
Subscrip,on
9. W O R K D AY ’ S C H A N G I N G
A P P R O A C H
As
of
January
31,
2012,
we
did
not
have
standalone
value
for
the
professional
services
related
to
the
deployment
of
our
financial
management
applica6on.
This
was
due
to
the
fact
that
we
had
historically
performed
the
majority
of
these
services
to
support
our
customers’
deployments
of
this
applica6on.
In
the
year
ended
January
31,
2013,
we
determined
that
we
had
established
standalone
value
for
the
deployment
services
related
to
our
financial
management
applica,on.
This
was
primarily
due
to
the
growing
number
of
partners
that
were
trained
and
cer6fied
to
perform
these
deployment
services,
the
successful
comple6on
of
a
significant
deployment
engagement
by
a
firm
in
our
professional
services
ecosystem
and
the
sale
of
several
financial
management
cloud
applica6on
subscrip6on
arrangements
to
customers
without
our
deployment
services.
10. T H E S U B S C R I P T I O N E C O N O M Y
R E V E N U E C H A L L E N G E
Tradi6onal
one-‐6me
charge
economy
What
is
different
with
the
Subscrip6on
Economy?
Subscrip6on
Revenue
event
Revenue
event
Revenue
event
Invoice
Payment
Revenue
Recogni6on
Upsell
Provisioning
Quote
Order
Fulfillment/
Shipping
Invoice
Payment/
Collec6on
Accoun6ng
Quote
Order
Invoice
Payment
Invoice/
Credit
Payment/
Credit
Order
Order
Downsell
11. IBM
Defends
Cloud-‐Compu,ng
Accoun,ng
Amid
SEC
Probe
Source:
Bloomberg
–
July
31,
2013
“This
is
a
murky
area
where
the
rules
aren’t
really
established,”
Cusumano
said.
“Companies
treat
cloud-‐
compu6ng
revenue
in
different
ways.”
About
half
of
publicly
traded
soaware
companies
since
1990
have
had
to
restate
revenue...
G E T T I N G I T W R O N G C A N B E
D E T R I M E N TA L
12. … B U T T H E B E N E F I T S C A N B E
H I G H LY R E WA R D I N G
Revenue
Net
Income/
(Loss)
Market
Cap
Revenue
Mul,ple
$150B $6B $50B 0.33
$3B ($270M) $30B 10.00
$37B $11B $150B 4.00
$4B $600M $26B 6.50
13. Z U O R A’ S A P P R O A C H
Fair
values
and
6ming
of
associated
revenue
recogni6on:
Element
Method
of
establishing
fair
value
Revenue
recogni,on
,ming
Subscrip6on
(Edi6ons
fees)
ESP
Ratable
over
subscrip6on
term
Professional
services
TPE
or
ESP
As
professional
services
are
provided
Training
ESP
As
services
are
provided
(usually
within
30
days
of
invoicing)
Usage-‐based
fees
VSOE
At
the
end
of
the
associated
service
period
Reimbursable
expenses
ESP
As
invoiced
16. S O W H AT M E T R I C S A R E
I M P O R TA N T ?
Revenue&
rollforward
Prior%quarter%revenue 100%%%%%%%%%%%%%%%%%%%%
New%business%bookings 20%%%%%%%%%%%%%%%%%%%%%%
Growth%from%prior%bookings 30%%%%%%%%%%%%%%%%%%%%%%
Upsell 20%%%%%%%%%%%%%%%%%%%%%%
Downsell/Churn (30)%%%%%%%%%%%%%%%%%%%%
Current&quarter&revenue 140&&&&&&&&&&&&&&&&&&&&
!"!!!!
!20!!
!40!!
!60!!
!80!!
!100!!
!120!!
!140!!
!160!!
!180!!
Prior!quarter!
revenue!
New!business!
bookings!
Growth!from!
prior!bookings!
Upsell! Downsell/
Churn!
Current!quarter!
revenue!
17. S O W H AT M E T R I C S A R E
I M P O R TA N T ?
Bookings 5,000++++++
Billings 15,000++++
Collections 14,500++++
Accounts+Receivable 6,000++++++
Revenue 9,000++++++
Deferred+Revenue 18,000++++
Backlog 25,000++++
!Subscription!Waterfall!
18. S O W H AT M E T R I C S A R E
I M P O R TA N T ?
ARRn
–
Churn
+
ACV
=
ARRn+1
You
start
the
period
@
some
recurring
revenue
run
rate
You
then
end
up
at
a
new
ARR
level
as
you
kick
off
the
next
period
The
Top
Line
COGS,
G&A,
R&D,
Renewals,
Growth,
PS
The
BoZom
Line
You
spend
some
%
of
that
ARR
to
service
the
base
(COGS,
G&A)
and
to
reinvest
in
R&D
You
invest
to
grow
that
ARR
by
acquiring
new
ACV
(including
both
new
customers
and
upsells)
Hopefully
you
do
a
good
job,
and
minimize
the
amount
of
that
ARR
that
goes
away
19. S O W H AT M E T R I C S A R E
I M P O R TA N T ?
ACV
______
Growth
Spend
(Sales
&
Marke6ng)
Churn
______
ARRn
COGS,
G&A
&
R&D
______
ARRn
Growth
Efficiency
Index
Renewal
Rate
Non-‐Growth
Spend
1
-‐
23. Revenue
Manager
since
May
2013
Clowning
around
with
his
kids,
trying
to
not
burn
dinner,
or
improving
his
(very
slow)
10K
running
6me
24. P R O P O S E D S T R U C T U R E
Ques,on
Antonia
Jordan
Describe
your
Company’s
offering
and
your
role
at
the
Company
Yes
Yes
What
are
the
best
prac6ces
in
revenue
management
in
the
context
of
subscrip6on
based
business?
Yes
You
recently
went
through
your
first
audit.
Describe
the
main
challenges
you
faced
preparing
for
that.
Yes
Do
you
consider
metrics
other
than
revenue
to
run
your
business?
(ARR,
TCV,
Recurring
profit
margin?)
How
do
you
present
the
various
metrics
to
your
Board?
Yes
What
did
you
use
before
Zuora
for
your
subscrip6on
management?
What
was
the
6pping
point,
and
how
did
you
know
when
a
change
was
impera6ve?
Yes
How
oaen
do
you
change
the
pricing
and
packaging
for
your
solu6on,
or
bring
new
products
to
the
market?
How
do
you
address
the
revenue
ramifica6ons
for
these
changes?
Yes
Yes
What
has
changed
moving
from
legacy
to
SaaS/subscrip6on
plaoorm?
Yes
How
have
your
opera6ons
changed
from
pre
to
post
IPO?
Yes
What
were
the
key
factors
in
looking
for
a
cloud
based
recurring
billing
management
solu6on
like
Zuora?
Yes
Yes