Beans Beans BeanMy company switched over to new fancy schmany accounting system, an ERM, which allows a tighter control over project spends and greater oversight on projects and overall overhead spend. The system is suppose to make it much better for analysis.
There has been a lot of pain, switching gears with regards to implementing the new system. [...]
Filed under: accounting | Tagged: accounting, assistant, co-workers, finance, journal entries, monthend | 2 Comments »
As anyone who works within a corporate environment knows, there are budgets for everything – entertainment, travel, stationary, computer purchases, software, salaries etc. When one goes over budget then there must be salient reasons for this – which means explanations must be provided, as budgeting is an extremely time-consuming and painful process to go through, [...]
Filed under: accounting | Tagged: accounting, budgets, finance | 4 Comments »
Today’s post isn’t about my assistant, but about a co-worker.
Those of you out there in non-accounting land the basic “building blocks” of Financial Statements are: Assets, Liabilities, Equity, Revenue, Expenses, Gains & Losses. The first 3 – Assets, Liabilities, Equity – comprise the Balance Sheet. The rest – the remaining 4 – make up the [...]
Filed under: accounting | Tagged: accounting, balance sheet, finance, p&l | 3 Comments »
For the past little while there has been a fraud case underway with regards to the “fishy” shennigans of Livent co-owners Garth Drabinsky & Myron Gottlieb. The CFO, Maria Messina, joined the company back in 1996; she was “pilfered” from a public accounting firm and is a chartered accountant. She is one of the star [...]
Filed under: accounting | Tagged: accounting, audits, cfo, finance | 4 Comments »
