Cross-FunctionalBusiness

Cross-Functional What Is Operating Expenditure (OPEX)? Operating expenditure (OPEX) is the recurring cost of running a business in its normal course, such as salaries, rent, utilities, software subscriptions,… Business Cross-Functional What Is a Profit Centre? A profit centre is an organisational unit, such as a business unit, product line, region or customer segment, that is accountable for… Business Cross-Functional What Is a Rolling Budget? A rolling budget, usually implemented as a rolling forecast, keeps a constant forward planning horizon, such as twelve or eighteen months, by… Business Cross-Functional What Is Segregation of Duties? Segregation of duties (SoD) is the internal control principle of dividing the steps of a high-risk process, such as creating a vendor,… Business Cross-Functional What Is Statutory Reporting? Statutory reporting is the preparation and submission of financial statements, tax returns and regulatory disclosures required by law or regulation, such as… Business Cross-Functional What Is Transfer Pricing? Transfer pricing is the setting of prices for transactions between related entities in the same group, such as goods, services, intellectual property… Business Cross-Functional What Is a Trial Balance? A trial balance is a listing of all general ledger account balances at a point in time showing that total debits equal… Business Cross-Functional What Is Working Capital? Working capital is current assets minus current liabilities, mainly cash, receivables and inventory less payables and short-term obligations, indicating a business's short-term… Business Cross-Functional What Is Year-End Close? Year-end close is the annual close cycle in which an enterprise finalises its accounting records for the financial year, completes additional procedures… Business Cross-Functional What Is Zero-Based Budgeting? Zero-based budgeting (ZBB) is a budgeting method in which every cost line is rebuilt from zero each cycle and justified by current… Business Cross-Functional What Is an Annual Budget? An annual budget is the approved financial plan for the coming fiscal year, setting revenue targets, cost allowances and capital commitments by… Business Cross-Functional What Is Asset Turnover? Asset turnover is revenue divided by average total assets, measuring how efficiently a company uses its assets to generate sales, and it… Business Cross-Functional What Is a Balance Sheet? A balance sheet, or statement of financial position, shows an entity's assets, liabilities and equity at a point in time, where assets… Business Cross-Functional What Is a Balanced Scorecard? The balanced scorecard is a strategic performance framework developed by Kaplan and Norton that translates strategy into objectives and measures across financial,… Business Cross-Functional What Is Break-Even Analysis? Break-even analysis identifies the sales volume or revenue at which total revenue equals total fixed and variable costs, producing neither profit nor… Business