CMS Accounting Term of the Day – Work in process inventory
Work in process inventory -
Definition:
Raw materials are processed but the product is not yet a finished good.
Published by angie on July 27th, 2010 tagged Term of the day | Comment now »
CMS Accounting Term of the Day – Withholding
Withholding -
Definition:
An amount deducted by an employer from an employee’s gross wage earnings before he or she receives the funds.
Published by angie on July 26th, 2010 tagged Term of the day | Comment now »
CMS Accounting Term of the Day – Vendor
Vendor -
Definition:
A supplier of goods or services.
Published by angie on July 23rd, 2010 tagged Term of the day | Comment now »
CMS Accounting Term of the Day – Variance
Variance -
Definition:
The difference between an actual amount and a budgeted amount.
Published by angie on July 22nd, 2010 tagged Term of the day | Comment now »
CMS Accounting Term of the Day – Unearned revenue
Unearned revenue -
Definition:
When an individual or company receives money for a service or product that has yet to be fulfilled.
Published by angie on July 21st, 2010 tagged Term of the day | Comment now »
Updated Road Show Schedule
The dates listed below complete the 2010 Road Show training schedule, so if you want/need to brush up on your CMS knowledge, sign up now! 800.388.3038.
Anchorage, Alaska – (5 days of training in both Accounting and FUND)
Sept 13-17
Las Vegas, Nevada
October 4-7
Dallas, Texas
October 18-21
Jacksonville, Florida
November 15-18
Check our website often for updated hotel recommendations or call an account executive today – 800.388.3038.
Published by angie on July 21st, 2010 tagged Road Show Training | Comment now »
CMS Accounting Term of the Day – Under capitalized
Under capitalized -
Definition:
To provide an insufficient amount of capital for (a business enterprise).
Published by angie on July 20th, 2010 tagged Term of the day | Comment now »
CMS Accounting Term of the Day – Turnover
Turnover -
Definition:
The number of times inventory or accounts receivable are replaced during a year.
Published by angie on July 19th, 2010 tagged Term of the day | Comment now »
CMS Accounting Term of the Day – Transaction
Transaction -
Definition:
An agreement between a buyer and a seller for the exchange of goods or services for payment that is recorded in the accounting records.
Published by angie on July 16th, 2010 tagged Term of the day | Comment now »
CMS Accounting Term of the Day – Taxable income
Taxable income -
Definition:
The amount of income subject to income tax (adjustments, deductions, and exemptions) by the IRS or state taxing authorities.
Published by angie on July 15th, 2010 tagged Term of the day | Comment now »