CA CMA Syam sundar

 Profit is not cash flow. You can be profitable on paper and still go bankrupt if you don’t have enough cash to cover your spending. That’s why cash flow problems are responsible for 82% of business failures. And when a business fails, the impact is massive: • Business valuation plummets • Economic slowdowns • Career setbacks • Investor losses • Job losses Not to mention the psychological toll on entrepreneurs, their teams, and their families. But here’s the good news: This is entirely preventable. All you need to do is learn your cash flows. There are three types of business activities that affect cash flow. Mastering these three together is how you win. Here’s how: 1️⃣ Operating Activities >> These are the day-to-day sources and uses of cash in your business. Think cash from sales, payments for purchases, and operating expenses. How to Master Operating Cash Flow: ☑️ Monitor your cash conversion cycles — identify inefficiencies in receivables, payables, and inventory manage...

 Types of Logistics: 1. Inbound Logistics: Focuses on the transportation, storage, and receiving of goods from suppliers. It involves sourcing materials, handling transportation, and managing inventory. 2. Outbound Logistics: Involves the storage and movement of the final product to the end user. This includes order fulfillment, warehousing, and distribution to customers. 3. Reverse Logistics: Deals with the return of goods from customers back to the manufacturer. This includes returns, recycling, refurbishment, and disposal. 4. Third-Party Logistics (3PL): The outsourcing of logistics operations to external service providers. These can include warehousing, transportation, and distribution services. 5. Fourth-Party Logistics (4PL): A higher level of logistics outsourcing where a company outsources the management of the entire supply chain. The 4PL provider coordinates activities across multiple 3PLs. 6. Distribution Logistics: Manages the movement of goods from production facilitie...

  IFRS 9 : Expected Credit Loss Model : A Best Model For Provisioning For Impaired Assets In The Banks In contrast to recognition of credit losses based on actual deterioration of financial assets under the extant “Incurred Loss Model”, IFRS 9 requires that credit losses on financial assets are measured and recognised using the 'expected credit loss (ECL) approach. ECLs are classified into (i) 12-month ECL and (ii) lifetime ECLs. 12 month ECLs are those that result from default events that are possible within 12 months after the reporting date. Lifetime ECLs are those that result from all possible default events over the expected life of a financial instrument. Under the IFRS 9, it is no longer necessary for a loss event to have occurred but instead an entity is required to account for ECLs on initial recognition of the financial asset & then separately account for changes in the ECL at each reporting date. Therefore, the impairment of financial assets is recognised in ...

  Contract Management Life Cycle: Contract Management Life Cycle Phases : 1. Contract Initiation 2. Contract Drafting 3. Contract Review and Negotiation 4. Contract Execution 5. Contract Administration 6. Contract Performance Management 7. Contract Renewal/Amendment 8. Contract Termination/Expiration 9. Contract Closure Phase 1: Contract Initiation 1. Identify business need 2. Define contract requirements 3. Determine contract type 4. Establish contract scope Phase 2: Contract Drafting 1. Prepare contract template 2. Define terms and conditions 3. Include pricing and payment terms 4. Establish delivery timelines Phase 3: Contract Review and Negotiation 1. Internal review and approval 2. Negotiate terms with counterparty 3. Finalize contract language 4. Obtain necessary approvals Phase 4: Contract Execution 1. Sign contract electronically or physically 2. Obtain counterparty signature 3. Confirm contract commencement 4. Update contract records Phase 5: Contract Administration ...

 To crack an Accounts Payable (AP) interview, focus on the following key areas: Accounts Payable Fundamentals 1. Definition: Accounts Payable represents the amount owed by a company to its suppliers/vendors for goods/services received. 2. Accounting Equation: AP is a liability account. 3. Types: Trade Payables, Accrued Expenses, and Non-Trade Payables. Accounts Payable Process 1. Procurement: Requesting goods/services from suppliers. 2. Receiving: Verifying goods/services received. 3. Invoicing: Receiving supplier invoices. 4. Verification: Matching invoices with purchase orders and receipts. 5. Approval: Obtaining approval for payment. 6. Payment: Issuing payments to suppliers. 7. Reconciliation: Verifying payment accuracy. Key Accounts Payable Concepts 1. Three-Way Match: Verifying invoices with purchase orders and receipts. 2. Accrual Accounting: Recognizing expenses when incurred. 3. Accounts Payable Turnover: Measuring AP efficiency. 4. Days Payable Outstanding (DPO): Average ...

 Comprehensive guide to prepare for a Fixed Assets interview: Fixed Assets Fundamentals 1. Definition: Fixed Assets represent long-term tangible assets used in business operations. 2. Objective: Accurately record, depreciate and report fixed assets. 3. Key Components: Asset Acquisition, Depreciation, Disposal and Reporting. Fixed Assets Process 1. Asset Acquisition: Recording asset purchases. 2. Depreciation: Calculating and recording asset depreciation. 3. Asset Maintenance: Tracking maintenance and repairs. 4. Disposal: Recording asset sales, retirements or disposals. 5. Reporting: Providing fixed asset information for financial statements. Key Fixed Assets Concepts 1. Capitalization: Defining capitalizable expenditures. 2. Depreciation Methods: Straight-line, declining balance, units of production. 3. Asset Classification: Tangible, intangible, property, plant and equipment (PP&E). 4. Impairment: Recognizing asset value declines. 5. Lease Accounting: Accounting for leased as...

Comprehensive guide to prepare for an Accounts Receivable (AR) interview: Accounts Receivable Fundamentals 1. Definition: Accounts Receivable represents amounts owed to a company by its customers. 2. Objective: Efficiently manage customer payments and minimize bad debt. 3. Key Components: Invoice Generation, Payment Processing, Credit Management and Collections. Accounts Receivable Process 1. Invoice Generation: Accurately generating invoices. 2. Payment Processing: Collecting and processing customer payments. 3. Credit Management: Evaluating customer creditworthiness. 4. Collections: Managing overdue accounts. 5. Reconciliation: Verifying account balances. Key Accounts Receivable Concepts 1. Credit Policy: Establishing credit terms. 2. Payment Terms: Defining payment schedules. 3. Accounts Receivable Turnover: Measuring AR efficiency. 4. Days Sales Outstanding (DSO): Average days to collect payments. 5. Bad Debt Expense: Accounting for uncollectible amounts. Accounts Receivable Best P...

01.03.2023  SAP T-codes SAP FICO -Knowledge and Experience Sharing. Lets have Quick look into T codes and Table codes . SE16 provides real-time data access to various SAP tables, including: 1. ACDOCA (Universal Journal Entry Table) 2. BKPF (Accounting Document Header) 3. BSEG (Accounting Document Segment) 4. SKA1 (G/L Account Master) 5. LFA1 (Vendor Master) 6. KNA1 (Customer Master)  T-codes and table codes for Master Data and key tables in SAP: Vendor Master Data: T-codes: 1. XK01 - Create Vendor (Centrally) 2. XK02 - Change Vendor (Centrally) 3. XK03 - Display Vendor (Centrally) 4. FK01 - Create Vendor (Purchasing) 5. FK02 - Change Vendor (Purchasing) 6. FK03 - Display Vendor (Purchasing) Tables: 1. LFA1 - Vendor Master (General Data) 2. LFB1 - Vendor Master (Company Code Data) 3. LFB5 - Vendor Master (Purchasing Data) 4. LFM1 - Vendor Master (Material Data) Customer Master Data: T-codes: 1. XD01 - Create Customer (Centrally) 2. XD02 - Change Customer (Centrally) 3. XD03 - D...