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Financial accounting system | IT Financials Glossary
https://itfinancialsglossary.wordpress.com/2010/08/26/financial-accounting-system
Skip to search - Accesskey = s. By mgentle on August 26, 2010. Laquo; Financial year (FY). Subscribe to comments with RSS. Said, on April 5, 2011 at 15:35. 8230;] The alternative to using accruals to track uninvoiced work is to use commitments instead, which is simply uninvoiced work recorded in the management accounting system. An accrual goes one step further and records the commitment in the financial accounting system. […]. Leave a Reply Cancel reply. Enter your comment here. INDEX of entries * *.
Index | IT Financials Glossary
https://itfinancialsglossary.wordpress.com/2010/08/27/index
Skip to search - Accesskey = s. By mgentle on August 27, 2010. See INDEX on the right sidebar in “The Pages” section. Laquo; ABC (Activity-Based Costing). Leave a Reply Cancel reply. Enter your comment here. Fill in your details below or click an icon to log in:. Email (Address never made public). You are commenting using your WordPress.com account. ( Log Out. You are commenting using your Twitter account. ( Log Out. You are commenting using your Facebook account. ( Log Out. INDEX of entries * *.
Accruals | IT Financials Glossary
https://itfinancialsglossary.wordpress.com/2010/08/26/accruals-2
Skip to search - Accesskey = s. By mgentle on August 26, 2010. Enable revenue or expenses to be. If you’ve heard the term accruals before, it was probably associated with the year-end close, when all departments have to ensure that their unpaid invoices are booked to the. About to end. But accruals can also be used during the. With respect to budget, as we shall now see. There are two types of accruals:. Accrued revenue: revenue is. When it is earned, which most of the time is before payment is received.
Balance sheet | IT Financials Glossary
https://itfinancialsglossary.wordpress.com/2010/08/26/balance-sheet
Skip to search - Accesskey = s. By mgentle on August 26, 2010. A snapshot of a company’s value at a specific point in time. It contains two parts,. Cash, accounts receivable, equipment) and. Accounts payable and other debt). The difference between the two is the company’s net worth (also known as owner’s. Because IT is so capital-intensive (up to 50% of a company’s capital expenditure), it can form a significant part of the balance sheet. Car, savings, wife’s house and jewellery) and. Notify me of new po...
ABC (Activity-Based Costing) | IT Financials Glossary
https://itfinancialsglossary.wordpress.com/2010/08/26/abc-activity-based-costing
Skip to search - Accesskey = s. By mgentle on August 26, 2010. A method for assigning. To products and services based on the activities required to produce them. Knowing how much products and services really cost allow companies to justify expenditure, identify what’s profitable vs unprofitable and explore opportunities for cheaper alternatives. Of the department, which are $1m per year. An example of Activity-Based Costing. If the approach were applied to 100 people instead of only three, and across mul...
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Budget considerations for cloud computing | IT Project Financials
https://itprojectfinancials.wordpress.com/2010/09/29/budget-considerations-for-cloud-computing
Skip to search - Accesskey = s. Budget considerations for cloud computing. By mgentle on September 29, 2010. Cloud computing is based on a monthly rental fee for external services hosted in a data centre eg, per user for an application (Software as a Service, or Saas), by capacity for a server (Infrastructure as a Service, or IaaS), or by usage for a software development environment (Platform as a Service, or PaaS). There are no capital costs. Because there is no hardware purchased nor software assets.
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Your personal IT Financials reality check | IT Project Financials
https://itprojectfinancials.wordpress.com/2010/09/09/your-personal-it-financials-reality-check
Skip to search - Accesskey = s. Your personal IT Financials reality check. By mgentle on September 9, 2010. We’re probably all familiar with the IT life cycle Plan-Build-Run, ie define the IT budget, deliver the projects and run the resulting applications and services. We’re probably less familiar with how this translates into financials. In other words, how shall we prioritize which projects to launch? Which applications and services should we continue to fund? How shall we budget for them? Then there a...
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Project budgets are just estimates – expect them to change. | IT Project Financials
https://itprojectfinancials.wordpress.com/2010/09/28/project-budgets-are-just-estimates-expect-them-to-change
Skip to search - Accesskey = s. Project budgets are just estimates expect them to change. By mgentle on September 28, 2010. Yes, you read correctly! You might think this is heresy, but read on. Given the frequent cost overruns of IT projects, we would ideally like to be able to define during the planning phase (for an overview of planning and budgeting, see an earlier post. We shall call this circularity the commitment conundrum see Fig. 2.6 below (click on the image for a full-screen view). Unfortunatel...
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IT financial skills – mind the gap! | IT Project Financials
https://itprojectfinancials.wordpress.com/2010/03/19/it-financial-skills-–-mind-the-gap
Skip to search - Accesskey = s. IT financial skills mind the gap! By mgentle on March 19, 2010. With the average IT budget sitting at 2-8% of revenue and 30-50% of capital spend, one would logically think that the average IT staffer has, if not a sound knowledge of IT financials, at least a reasonable understanding of the basics, so that he can see how his daily activities contribute to these numbers. The poll simply confirms what most of us suspect anyway. Over my many years in the industry, in both...
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The challenges of defining objective cost allocation models | IT Project Financials
https://itprojectfinancials.wordpress.com/2010/10/26/the-challenges-of-defining-objective-cost-allocation-models
Skip to search - Accesskey = s. The challenges of defining objective cost allocation models. By mgentle on October 26, 2010. As we saw at the start of the previous post (. Chargebacks allocations vs cross-charges vs showbacks. We saw that the challenge for chargebacks is to strike the right balance between the desired result (fair and reasonably accurate) and the costs and complexity of obtaining actual, metered usage. Well, that’s easier said than done! Let’s see how things generally play out in practice.
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*** INDEX of entries *** | IT Project Financials
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Skip to search - Accesskey = s. INDEX of entries * *. Earlier articles and press coverage on Project Portfolio Management-PPM). IT financial skills – mind the gap! How financials play out across the IT department. Your personal IT Financials reality check. Project budgets are just estimates – expect them to change. Budget considerations for cloud computing. Chargebacks – allocations vs cross-charges vs showbacks. The challenges of defining objective cost allocation models. Leave a Reply Cancel reply.
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September | 2010 | IT Project Financials
https://itprojectfinancials.wordpress.com/2010/09
Skip to search - Accesskey = s. Budget considerations for cloud computing. By mgentle on September 29, 2010. Cloud computing is based on a monthly rental fee for external services hosted in a data centre eg, per user for an application (Software as a Service, or Saas), by capacity for a server (Infrastructure as a Service, or IaaS), or by usage for a software development environment (Platform as a Service, or PaaS). There are no capital costs. Because there is no hardware purchased nor software assets.
itprojectfinancials.wordpress.com
How financials play out across the IT department | IT Project Financials
https://itprojectfinancials.wordpress.com/2010/09/03/how-financials-play-out-across-the-it-department
Skip to search - Accesskey = s. How financials play out across the IT department. By mgentle on September 3, 2010. In our previous post. We put forward the case that even though financial skills might not explicitly be part of the average IT job description, projects and their resulting applications live or die by their financials. If you think that such financial questions are just for the bean counters, think again. Consider the following only-too-real situation. Scenario 1: financial fire-fighting.
itprojectfinancials.wordpress.com
Chargebacks – allocations vs cross-charges vs showbacks | IT Project Financials
https://itprojectfinancials.wordpress.com/2010/10/26/chargebacks-allocations-vs-cross-charges-vs-showbacks
Skip to search - Accesskey = s. Chargebacks allocations vs cross-charges vs showbacks. By mgentle on October 26, 2010. The pen is mightier than the sword, but no match for the accountant. When and when not to chargeback. As explained towards the end of an earlier post (. Your personal IT Financials reality check. The IT budget can be centralized as part of a corporate cost centre, or charged back to BUs so that both costs and benefits sit on their P&Ls. An emotionally charged subject. Usually shared infr...
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November | 2010 | IT Project Financials
https://itprojectfinancials.wordpress.com/2010/11
Skip to search - Accesskey = s. Chargeback challenges for international projects. By mgentle on November 8, 2010. International projects you go first! International projects are frighteningly expensive and fraught with complexity, both technical and organizational. The theory behind cost savings, synergies and process standardization hardly ever materializes, as anyone who has ever managed one can probably attest to. If you now also throw chargebacks into the mix, things can really become messy. After al...
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IT Financials Glossary | Michael Gentle
Skip to search - Accesskey = s. By mgentle on August 27, 2010. See INDEX on the right sidebar in “The Pages” section. By mgentle on August 26, 2010. A method for assigning. To products and services based on the activities required to produce them. Knowing how much products and services really cost allow companies to justify expenditure, identify what’s profitable vs unprofitable and explore opportunities for cheaper alternatives. Of the department, which are $1m per year. Any changes in activities and pr...
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