Cross-Functional

Cross-Functional What Is Accounts Payable? Accounts payable (AP) is the amount a business owes suppliers for goods and services received but not yet paid, recorded as a… Business Cross-Functional What Is Accounts Receivable? Accounts receivable (AR) is the amount customers owe a business for goods delivered or services performed but not yet paid, recorded as… Business Cross-Functional What Is Accrual Accounting? Accrual accounting is the method of recognising revenue when it is earned and expenses when they are incurred, regardless of when cash… Business Cross-Functional What Is Amortisation? Amortisation is the systematic allocation of the cost of an intangible asset, such as software, licences, patents or acquired customer relationships, over… Business Cross-Functional What Is Audit Readiness? Audit readiness is the year-round state in which a finance function keeps complete, accurate records, documented reconciliations, evidenced judgements and consistently applied… Business Cross-Functional What Is a Board Reporting Pack? A board reporting pack is the structured periodic report presented to a board of directors or equivalent body, combining financial performance, cash… Business Cross-Functional What Is Budget Variance? Budget variance is the difference between a budgeted figure and the actual result for the same period, described as favourable or adverse… Business Cross-Functional What Is Capital Expenditure (CAPEX)? Capital expenditure (CAPEX) is spending on assets expected to deliver economic benefit over more than one accounting period, such as property, plant,… Business Cross-Functional What Is the Cash Conversion Cycle? The cash conversion cycle (CCC) measures the days between paying suppliers and collecting cash from customers, calculated as days sales outstanding plus… Business Cross-Functional What Is a Chart of Accounts? A chart of accounts (COA) is the structured list of account codes, descriptions, classifications and hierarchies used to record every transaction in… Business Cross-Functional What Is Chart of Accounts Design? Chart of accounts design is the work of defining the segment structure, account ranges, hierarchies and classification rules used to record transactions… Technical Cross-Functional What Is a Close Process Automation Stack? A close process automation stack is the layered set of technologies used to shorten and de-risk the financial close, typically close task… Technical Cross-Functional What Is Consolidation? Consolidation is the process of combining the financial statements of a parent and the entities it controls into one set of group… Business Cross-Functional What Is a Cost Centre? A cost centre is an organisational unit, such as a department, function or location, to which costs are assigned for tracking and… Business Cross-Functional What Is Data Lineage (Cross-System)? Cross-system data lineage is the documented path a financial figure follows from its source posting, typically in the ERP general ledger, through… Technical