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Accounting Information System (AIS)

Wall Street Mojo

What Is Accounting Information System? For example, AIS may be a very simple ledger for various accounting, costing, and financial reports like Statement of Profit and Loss, Balance Sheet, etc. Table of contents What Is Accounting Information System?

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How to Land a Private Equity Internship: Tips and Strategies

OfficeHours

Through a private equity internship, you will be exposed to high-stakes, complex financial transactions and gain valuable experience in investment analysis, deal structuring, and portfolio management. This includes questions related to LBO modeling, multiples valuation, and basic accounting / financial statement analysis.

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Statement of Cash Flow

Wall Street Mojo

Statement of Cash Flows Definition A Statement of Cash Flow is an accounting document that tracks the incoming and outgoing cash and cash equivalents from a business. It helps identify the availability of liquid funds with the organization in a particular accounting period.

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What is the SWIFT Banking System? (Definition, Benefits, Challenges)

Peak Frameworks

With numerous currencies and no standardized transaction method, international financial transactions were a logistical nightmare. Consider the issue banks faced in the 1960s and 1970s with the European Union’s formation. The two banks then sort out the actual fund transfer behind the scenes.

Banking 52
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Reconciliation Statement

Wall Street Mojo

A reconciliation statement refers to the banking summary prepared by the banks to list down the bank’s account balances and compare the same with their internal records. read more to have parity in the books of accounts of both legal entities. It keeps accounts up to date and helps simplify accounting errors and theft.

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Credit Note: Meaning, Types, & How Does It Work?

Razorpay

A credit note is a document issued by a seller to a buyer to notify them of a credit applied to their account, often due to returns, overcharges, or discounts. 3) Next Steps for Both Buyer and Seller Seller: They update their accounting records to reflect a decrease in accounts receivable by ₹5,000. What Is a Credit Note?

IT 40
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Payment Gateway vs Payment Processor: What is the Difference?

Razorpay

It is a platform that connects your bank account to the platform where you need to transfer money. A payment gateway authorises you to conduct an online transaction through different payment modes like net banking, credit card, debit card, UPI, or the many online wallets that are available these days. What is a Payment Gateway?

Banking 52