Financial management and accountancy
Models (96)
Analysing financial statementsIf you are asked to comment on the finances of a potential new customer you should download a copy of their latest financial statements from Companies House. What should you do next?Full set neededWhatever the filing req... Read more
02 Jan 2013
Company solvency calculatorCompany directors should be alert to their potential personal liabilities for the offence of wrongful trading. So how do you tell if your company might be trading wrongfully, and thereby exposing the directors to risk. Cond... Read more
02 Jan 2013
Monthly financial timetableThe speed with which you are able to close the books is a very good indicator of the efficiency of the company's financial procedures. Fast closing also saves time, money and resources and enables you to add value in other w... Read more
02 Jan 2013
Days sales outstanding calculatorReporting debtor management key performance indicators (KPIs) to those involved in the process of billing and collecting can be motivating. This in turn can shorten cash collection times and improve cash flow. Output ... Read more
02 Jan 2013
Organisation chartAccountants are often also line managers, leading a team of accounting staff. Your accounts department will be responsible for the timely and accurate processing of thousands of transactions, even in a small business. But whatever t... Read more
02 Jan 2013
Z score calculatorThe "Z" score of a business has a 70% to 80% accuracy in predicting whether it is likely to become insolvent within two years. This could be a particularly useful tool to help evaluate your company's financial health and that of its cu... Read more
02 Jan 2013
Tax reconciliation reportQuite often, the figure given by the company's tax advisors is different to your provision for Corporation Tax (CT) in the management accounts. How do you go about reconciling the two numbers?Tax treatmentIf there's a significa... Read more
02 Jan 2013
Pension contribution confirmationEmployees' contributions into their company's pension scheme are normally collected through the payroll each month. If your company also makes a contribution, that has to be worked out for each individual and paid over ... Read more
02 Jan 2013
Tender bank contents logA tender gives you the opportunity to inform the buying organisation how you will meet their requirements, offer best value and explain why they should select your company. Responding to formal tenders is now a commonplace ele... Read more
02 Jan 2013
Internal control checklistOne of the keys to improving profits is reducing leakage through inefficient processes and managing undue risks in the business. As an accountant it's your responsibility to establish and maintain internal controls.Key questi... Read more
02 Jan 2013
