Finance Best Practices

Old School Tool: Sources & Uses of Cash

In my first accounting class at Old Mizzou we learned about something called Sources and Uses of Cash. Today there are other names attached to the same report, but the most popular in use today is the Cash Flow Statement.

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Testing the Reasonableness of Your Balance Sheet

“What should my controller be doing?” That is a question that arises frequently in 20 group discussions. The answer to that question would take several articles. However, the first and most important answer to that question is, “Monthly reconciliation of your Balance Sheet accounts.”

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Testing the Reasonableness of Your Balance Sheet: Part 2

One of the questions that arises frequently in 20 Group discussions is “What should my controller be doing?” The first and most important answer to that question is, “Monthly reconciliation of your balance sheet accounts.” The following is the second half of a checklist we began last month of current assets and liabilities that should be corroborated at the end of the month.

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