Blogs

Cash Flow Statement

By Eashwar Seshadri posted 10 days ago
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​Cash flow Statement is one of the financial statements needs to be submitted along with the balance sheet and profit and loss statement. The are three components which make up the cash flow statement. Cash flow from operating activities, cash flow from investing activities and cash flow from financing activities. Cash spent in purchase or cash received from sale of fixed assets is an example of cash flow from investing activities. Cash spent in purchase of equity or issue of debt, cash received from debt is an example of cash flow from financing activities. All Cash spent and received in activities other then the financing and investing activities may be ...
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Personal Development Books for 2020 Accelerated Growth

By Trent Kramer posted 17 days ago
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Interested in further developing yourself in 2020?  Linked below is a list of some of the most elite personal development books according to goodreads based upon user reviews. https://www.goodreads.com/shelf/show/personal-development Perhaps it is no surprise that the books rounding out the top five include: The Seven Habits of Highly Successful People by Stephen R. Covey How to Win Friends and Influence People by Dale Carnegie The Power of Habit by Charles Duhigg The Subtle Art of Not Giving a F*ck by Mark Manson Think and Grow Rich by Napoleon Hill
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Debt-Management Tips for Seniors

By Terry Reyes posted 11-14-2019
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No one wants to spend his or her golden years struggling with credit-card debt. But, sadly, an increasing number of seniors are doing exactly that. For people living on fixed incomes, escalating debt can lead to financial ruin. Many of the debt-management options available to younger people — like getting a second job to pay off the debt faster — don't make sense for senior citizens. But that doesn't mean there's nothing they can do about it. Here are some overlooked debt-management strategies that can help retirees dig themselves out of the hole. 1. Reverse Mortgages People struggling with high-interest credit-card debt are typically advised to tap ...
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How to Balance Your Career with the Needs of Your Family

By Terry Reyes posted 10-31-2019
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A lot of people believe that they have to sacrifice their careers if they want to take care of the needs of their families. They still earn an income but regard their employment as a job instead of as a career.   Too often, this is unnecessary. To be sure, having a career and a family is a balancing act, but it’s not an unrealistic goal. There are days when you’ll know it’s possible and days when you question your sanity. But here are some guidelines to help you on the way:   Get your priorities straight and stick to them   A lot of people will say that family comes first, and your job comes second. This need not always be the case. ...
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After The Event: Digital Transformation in Audit

By Dareen Bin Mahfood posted 10-05-2019
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New IMA Riyadh Event with 470 attendance Beyond the expectations, IMA Middle East, Riyadh Chapter in cooperation with SASO, have had a successful Event under the title of "Digital Transformation in Audit" in Riyadh. The feedback received was great with mentioning that it was an informative and valuable session.  The lecture was full of interesting topics like; Digital innovations in auditing, Data analysis software, Block chain technique, Impact & risk assessment and The future of the audit. In addition, the event included discussions and networking with attendees from different sectors.  The seminar was presented by Mr. Ahmed Abdulfatah, ...
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Friday Roundup for Sept 20, 2019

By Richelle Schwaller posted 09-20-2019
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From: Chapter and Council Leader Committee Forum Spread the word: CMA’s official ad campaign We have officially launched our 4 th   CMA campaign year and successfully created 4 new CMA commercials! That’s at least 4 times as many ways for you to have fun sharing your CMA story, practical CMA advice, and our relevant, humorous, and inspiring new CMA ads. YOU are in a position to help someone in need of advancing their career!  We are asking that you share, like, and post about the CMA. When you share information on your social accounts like LinkedIn, post and answer questions on Reddit and Quora, or like the commercial on YouTube, you lend credibility ...
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Accounting in the World of Cryptocurrency

By Terry Reyes posted 09-09-2019
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Accounting for cryptocurrencies is likely to become a major concern for both large and small companies as they slowly but surely making their way into real-world transactions.  Many businesses are looking for better ways to manage, track and account for crypto assets. Bookkeepers and accountants need to know how to properly account for them. The potential of cryptocurrencies is huge, fully tapping into it requires innovations in the finance and accounting industries.  Digital currencies are becoming more integral to daily life with the  bitcoin ATM . Imagine smart cities around the world where the economy is powered by digital currency for paying ...
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Things To Consider When Starting An Online Business

By Terry Reyes posted 09-03-2019
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For success in your online business, you have to consider several factors. Outlined below are the major factors to consider when setting up an online business. Suitable Domain Name A suitable website domain name is one that can be easily grasped by your clients. It should be easy to spell and not too long. When searching it, clients can view a proper representation of your business. It will not be vague and complicated. Simplicity is priceless. It is your website domain name that will act as the front office for your e-business. Craft a clear, memorable name that depicts an image of your business. A Good Web Design A well-designed website ...
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Friday Roundup for Aug 23, 2019

By Richelle Schwaller posted 09-03-2019
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From: Chapter and Council Leader Committee Forum Don't Miss Your Chance to Make an Impact at ACE2020   IMA ®   (Institute of Management Accountants) is seeking proposals for presentations and educational sessions for our Annual Conference & Expo taking place June 21-24, 2020, at the Atlanta Marriott Marquis. Participating as a speaker at ACE2020 is a valuable opportunity to raise your profile as an industry expert while building your leadership and educational skills. Additional benefits include: One complimentary ACE2020 Conference registration $500 travel stipend One-night free stay (room and tax only) at the Atlanta ...
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The 7th IMA Regional Conference

By Ali Munajjed posted 08-30-2019
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Dear Member,   The 7th IMA ®  (Institute of Management Accountants) regional conference celebrates 100 years of IMA's exemplary service to the finance and accounting profession. To celebrate our centennial milestone, we are delighted to bring the conference to India for the first time. Please join us on 21 September 2019 for expert training, networking, an epic celebration, and spectacular keynote speakers headlined by our own President and CEO, Mr. Jeff Thomson, CMA, CSCA, CAE.   The event gathers CFOs, controllers, finance department executives, accountants, analysts, academic heads, and other practitioners ...
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How to Get Your Big Idea off the Ground

By Terry Reyes posted 08-27-2019
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Several product developers have found themselves in your shoes. They have had innovative ideas that could revolutionize the market but struggled to get their idea off the ground.   However, they managed to do it eventually and are reaping the rewards, and the big bucks as well. What is the secret, and how did they get it right when so many others have got it wrong?   Determination   While you might be encountering difficulties gaining momentum with getting your product out there, there’s no reason to give up on your dream. The success stories you hear do not present you with the full picture. They don’t always capture the hard work, ...
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3 Certifications That Impress Recruiters

By Terry Reyes posted 08-04-2019
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Online learning has allowed people to learn any type of skills they want from the comfort of their home. Sometimes, online courses even offer you a certification in a certain skills, software program, or trade. Although most certifications simply won’t play a large role in whether you get a job, there are some that are highly respected. Here are some of the certifications that will actually impress recruiters. Cybersecurity Certifications Although a cybersecurity certification alone won’t help you get a job, it will make recruiters pay attention to you during an interview. It’s worth noting that the International Information System Security Certification ...
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TechTalk Blog - US House Financial Services Committee Passes Legislation to Mandate Climate Change Disclosures by Public Companies

By David Colgren posted 08-01-2019
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The US House Financial Services Committee which oversees both the United States Securities and Exchange Commission, Public Company Oversight and the Accounting and Auditing Profession just passed legislation that would require issuers (Public Companies) to disclose certain activities relating to climate change, and for other purposes. The proposed legislation would require the US SEC to issue climate risk disclosure guidelines to the capital markets. The legislation now goes to the US House for a full vote. Meanwhile, legislation has been introduced in the US Senate for consideration as well.   Currently, public companies and investors around the world ...
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IMA Board Members Meeting 2019-2020

By Dareen Bin Mahfood posted 07-31-2019
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    أجرت جمعية المحاسبين الإداريين فرع الرياض اجتماعها الاول في 31 يوليو 2019 - للدورة 2019-2020. حضر الإجتماع رئيس مجلس الإدارة الأستاذ حسن ال باحص وأعضاء مجلس الإدارة الجدد وكذلك الأعضاء القدامى  الأهداف الرئيسية لهذا الاجتماع هي إعداد المؤتمرات والندوات والفعاليات التي تخدم وتساعد على كفاءة عمل المؤسسات الحكومية والشركات في القطاع الخاص. نحن نخطط لعقد ما لا يقل عن 6 أحداث و 6 اجتماعات مجلس للإدارة للعام القادم.وقد تم التخطيط للحدث التالي لطلاب جامعة الملك سعود في 10 سبتمبر. ‎ وفي نهاية الاجتماع شكر رئيس مجلس الإدارة أعضاء فريق العمل على حضورهم الاجتماع ومناقشة جميع النقاط التي تخدم المهنة في السعودية ...
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Maximizing Your Accounting Firm's Potential

By Terry Reyes posted 07-16-2019
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Running a successful accounting firm is far from easy. Along with making sure your clients are satisfied with the services you provide, you’ll also have to constantly work towards achieving new goals and expanding your business. Keep in mind that although you will always be able to hire the people, a much better option would be to maximize your accounting firm’s potential. In case you’ve noticed a lot of your employees seem to do the bare minimum of work required, you should look for ways to improve their efficiency and productivity. After all, it is your responsibility as their leader to give them the right tools and knowledge to do their job properly. ...
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TechTalk Blog: EU Issues Taxonomy for Sustainable Activities that Public Companies Can Use for Disclosure to Investors Worldwide

By David Colgren posted 06-19-2019
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Great news coming from the EU  yesterday about The European Commission’s expert group on sustainable finance publishing its final recommendations for a “taxonomy ” of environmentally sustainable activities that public companies can use in disclosure to the global capital markets. This action (creation of an agreed upon disclosure framework) will reduce the hundreds of separate reports companies produce to harness the finance sector for its fight against climate change and make the capital markets more relevant and connected to this growing $30+ trillion sustainability investment market place . Three reports were issued yesterday (June 18, 2019) by the ...
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Personalized Marketing: 4 Tips to Stand Out From the Crowd

By Terry Reyes posted 06-12-2019
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Setting your company aside from your competitors is easier said than done. However, it is essential if you want to ensure its longevity. Too many great companies have become lost in the crowd and gone belly-up. One of the most vital aspects of a successful business is marketing to: Retain the business of existing customers Generate new customers for the business Even the most exceptional organizations can be jeopardized by inefficient marketing. The best way to stand out from a crowd is to personalize how your company is marketed. Your logo and slogan Your brand is what makes your company different from others. It ...
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Four Reasons to Start Your Financial Management Plan Young

By James Wilber posted 04-24-2019
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Life insurance is rarely at the top of your list of priorities. As you navigate milestones after your education like what to do with that first paycheck, shopping for your first new car, buying your first home, getting married, having children,  it may  seem like insurance won’t be needed for decades or the current financial situation will not allow for insurance.  But just because you’re young and healthy doesn’t mean life insurance isn’t important. You are a business.  Learn to protect your business as you expand your knowledge of how to account for your employer's business. Here are four reasons to consider coverage now. 1. Student loans may create ...
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Ways to Attract Millennials to Your Accounting Firm

By Terry Reyes posted 04-18-2019
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Attracting  millennials  to your accounting firm is becoming more important as this labor force continues to grow. The problem is this young workforce is different from other generations, meaning that old ways of attracting talent is not going to work.  The following is a simple guide that should help you figure out how to attract millennials to your firm and help keep them there.  Flexibility is Key The regular nine to five work schedule is not always the norm amongst millennials. This schedule is too rigid, and it does not allow for a good life and work  balance , which is pretty important for this group of workers.  You might find it difficult ...
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TechTalk Blog - US House and Senate Hold Hearings on US SEC Mandating Corporate Non-Financial Reporting to Support Growing $30 Trillion Sustainability Investing Marketplace

By David Colgren posted 04-03-2019
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Interesting debate yesterday before the US Senate Banking Committee on the topic of expanding disclosures of US companies to include environmental, social and governance data besides just financial disclosures. The US House Committee on Financial Services held a hearing on the same topic last week. From testimony before the US Senate Banking Committee: US Senator Sherrod Brown: “SEC should act to require uniform disclosure of corporate ESG factors, said ranking committee member Sherrod Brown, D-Ohio. "Investors know there are many environmental, social, or political risks that could reduce long-term value, but companies are not providing that information," ...
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