Business Infographics on LinkedIn: Finance Explained to Kids Credits to Nicolas Boucher, follow him for more… (2024)

Intangible AssetsCredits to Nathan Liao, CMA Coach, follow him for more finance content.------Here's the original post:🚨 What Are Intangible Assets?A Deep Dive + 7 Examples 👇Intangible assets are non-physical assetsThat grant rights or privileges to an entity 🏢They’re often linked to future economic benefitsList of Intangible Assets:1️⃣ Trademarks:Symbols, names, or slogans used to identify goods or services.Example: The Apple logo or Nike's "Just Do It" slogan.2️⃣ Patents:Exclusive rights to make, use, or sell an invention.Example: A pharmaceutical company's exclusive right to produce a new drug.3️⃣ Copyrights:Protection of artistic or literary works.Example: The rights to a bestselling novel or a popular music album.4️⃣ Franchises:Authorization granted to carry out specified commercial activities.Example: Owning a McDonald's outlet in a city.5️⃣ Goodwill:Excess of the purchase price over the fair value of net identifiable assets of a business in an acquisition.Example: If Company A acquires Company B for $2M and the net assets of Company B are valued at $1.5M, the goodwill recognized is $500K.6️⃣ Licenses:Permission to perform activities or produce items, typically granted by a government.Example: A radio broadcasting license.7️⃣ Customer Lists:Information about customers, crucial for sales and marketing activities.Example: A detailed list of clients for a CRM software company.-------Follow Business Infographics to learn from the best visuals.

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The CFO Tech StackCredits to Josh Aharonoff, CPA, follow him for more useful content.------Here's the original post:The CFO Tech Stack 🙌After working with 100+ companies in my career…I’ve been exposed to TONS of tools.These tools are vital in helping us:→ work efficiently→ reduce errors→ reduce costs→ save timeHere’s an overview of what each of these tools do➡️ ACCOUNTING SOFTWAREThis can be a traditional accounting software….or a full fledged ERPThe idea is that instead of utilizing a spreadsheet, you have the power to leverage:→ automatic bank feeds→ integrated & dynamic reporting→ bank reconciliationsand so so much more➡️ AP PlatformAlmost every company has bills to pay…and many are still processing them manually from their bank…or worse…via check An AP platform is crucial, allowing you to:→ upload bills right from your inbox→ categorize & sync bills to your accounting software→ collect the necessary approvals→ process payments directly from one platform➡️ Payroll & HRISWe’ve come a long way with payroll.No one does this by hand anymore - everyone uses some form of a payroll company.That payroll company helps you:→ onboard new employees→ process paychecks, with withholding taxes→ remain in compliance➡️Expense Reimbursem*ntsPeople are always spending money on their personal cards…it’s a popular way to rack up points.Expense reimbursem*nt softwares make it easy for you to manage the repayments, allowing you to:→ upload receipts→ generate expense reports→ process payments➡️ Payments & Credit CardsInstead of dealing with the headache of expense reimbursem*nts…why not give your employees a virtual credit card?With virtual credit cards you can:→ create a card→ set a limit→ destroy a card→ control which vendor they can payall in a matter of seconds.This is one of my favorite tools in this list➡️ Tax & LegalTaxes are notorious for being complicated and difficult to file.The same holds true for legal matters…which is a common aspect of your cap tableI love working with tools that allows me to stay in compliance..without having to read up on all the legalities 🧐➡️ Revenue & Contract MgmtGot 40+ customers? Don’t make the mistake of managing that all in excel.Sure, Excel is my favorite tool on this list…but you need something much more robust.Something that can:→ calculate various metrics (MRR, NDR, CAC etc.)→ manage contract changes, both retroactively and prospectively→ calculate revenue & deferred revenue...-------🛎️ Want to take your 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 & 𝗘𝘅𝗰𝗲𝗹 𝘀𝗸𝗶𝗹𝗹𝘀𝗲𝘁 𝘁𝗼 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝗹𝗲𝘃𝗲𝗹?Start with Josh’s CFO Dashboards Course: https://lnkd.in/gjKDG6PP💠 Organizing Your Data💠 Creating Summarized Financials Report💠 Creating Dashboards💠 Bonus Templates-------Follow Business Infographics to learn from the best visuals.

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30 Ways ChatGPT Helps FinanceCredits to Nicolas Boucher, follow him for more valuable finance content.------Here's the original post:Can you become an advanced ChatGPT user?If you follow the roadmap below and train yourself, you can!How?1. Try using the beginner level use cases first.2. Then once you are comfortable, move on to basic level and learn my framework: CSI + FBI.3. Finally, use prompt engineering techniques to use ChatGPT for advanced use cases.***I have many more tips on how you can use ChatGPT to help you in your work.👉 All of it is available here and at a special price for the next 48h:https://lnkd.in/gKepNYtG***-------Follow Business Infographics to learn from the best visuals.

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The Ultimate Negotiation Strategy Cheat SheetCredits toKevin Box🚀, follow him for more practical cheat sheets.------Here's the original post:Troubling stat by Huthwaite International 👇"Companies lacking formal negotiation processes show a 63.3% decrease in net income."Whether you're at the bargaining table sealing a million-dollar deal or rallying your team for the next big project, the art of negotiation is a vital skill in your leadership toolkit.Let’s turn the tide and harness the power of proven negotiation models to secure your best outcomes.In this Fuel Your Growth Cheat Sheet, we dive into six key strategies that can turn your negotiating skills into a world-class asset.The Six Are:1/ The Negotiation Process2/ Harvard Negotiation Model3/ Distributive Negotiation Model4/ Negotiation Strategy5/ The RADPAC Model6/ Principled Negotiation-------FollowBusiness Infographicsto learn from the best visuals.

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How To Give FeedbackCredits toRachel Turner, follow her for more valuable cheat sheets.------Here's the original post:Avoiding difficult conversations today can lead to catastrophic problems tomorrow.Here’s how the top leaders give feedback:-------FollowBusiness Infographicsto learn from the best visuals.

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Benefits of ChatGPT for FinanceCredits to Nicolas Boucher, follow him for more valuable ChatGPT content.------Here's the original post:30 ways to use ChatGPT for FinanceInformation about ChatGPT is everywhere.But nobody is telling you how to use it for Finance.***I am going to show it to you. Moreover, I have many more tips on how you can use ChatGPT to help you in your work. 👉 All of it is available here and at a special price for the next 48h:https://lnkd.in/gKepNYtG***Here are 30 examples of you can benefit from ChatGPT:1) Productivity:Anything that is taking time, you can try to do it first with ChatGPT-Idea generation-Correcting a text-Summarised a text-Translating a text-Rewrite something complicated in a more simple and easy to understand language-Research terms and definitions (for example accounting standards)2) Tutorial for toolsSo far I have found valid tutorials for:-Excel-PowerPoint-Word-PowerBI-SAP-Quickbooks(and also shortcuts in Windows + generally all the software listed above)3) Scenario analysis-Break even analysis-Compare two scenarios-Change of price and impact on demand (elasticity)-Hourly rate-Effect of inflation-Business case ROI4) Create finance procedures-Closing checklists-Standard Operating Procedures-Internal control-Step-by-step guide to make a task-Dunning procedure and letters-Finance guidelines5) Write high-quality emails-Budget guidance-Request input-Prepare a meeting-Executive summary-Minutes-Communication with clients and suppliersWith my guide you can start using ChatGPT for Finance and rip the benefits within less than 1 hour.And it's totally relevant for finance professionals.Why?Because I worked more than 14 years in Finance, trained and coached more than 300 finance professionals and this makes me understand the needs and day-to-day tasks of finance people.Take advantage of my guide and learn how to use ChatGPT to boost your career.If you don't do it, other will and soon they will takeover your role.-------Follow Business Infographics to learn from the best visuals.

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8 Ways to Display Emotional IntelligenceCredits to Justin Wright, follow him for more insightful content.------Here's the original post:Emotional Intelligence is a superpower at work.Why does it matter so much?95% of top performers have a high EQ.First, let's clarify what it's not:• It's not avoiding difficult conversations• It's not brushing off what others say• It's not thinking you're always right• It's not wearing a "mask" to work• It's not reacting without thinking• It's not caring just about profits• It's not jumping to conclusions• It's not ignoring how you feelHere's what it really is about:• Knowing yourself well• Being a calming presence• Having empathy for others• Building a culture of respect• Keeping your emotions in check• Handling disagreements smoothly• Making it easy for everyone to speak up• Being happy for others when they do wellIf you want to be a top performer at work,work on your Emotional Intelligence.➟ It makes work more satisfying.➟ It helps you lead better.➟ It makes your team stronger.Elevate your EQ.Your career will thank you for it.-------Follow Business Infographics to learn from the best visuals.

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The Costing Cheat SheetCredits to Oana Labes, MBA, CPA, follow her for more practical finance content.------Here's the original post:The Costing Cheat Sheet11 Essential Cost Areas to Manage. Because costs will drive your break-even point.Your Breaking Even Point will drive your Net Income.And your Net Income will drive your financial stability and growth.------------🎯🎯🎯Here’s what’s included in the Costing Cheat Sheet:🎯 The Key Cost Drivers🎯 Cost - Volume - Profit Analysis🎯 The Overhead ABC🎯 Gross Profit vs. Contribution Margin🎯 14 Types of Costs🎯 20 Cost KPIs🎯 20 Cost Analyses🎯 The Weighted Average Cost of Capital🎯 Margin vs Markup🎯 CAPEX vs. OPEX🎯 60 Cost ConceptsUse this Cheat Sheet to stay close to these critical cost concepts, and help improve your profitability and sustainability. -------🛎️ Want to Improve your strategic decision-making, accelerate your career, and grow your business :Start with 𝗢𝗮𝗻𝗮 𝗟𝗮𝗯𝗲𝘀’𝘀 𝗧𝗵𝗲 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄 𝗠𝗮𝘀𝘁𝗲𝗿𝗰𝗹𝗮𝘀𝘀: https://lnkd.in/dUYRWRYH💠 50+ Lessons to Help you Achieve Mastery💠 10+ Cash Flow Management Infographics💠 10+ Excel Templates and Practice Files-------Follow Business Infographics to learn from the best visuals.

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9 Killer Opening LinesCredits toOliver Aust, follow him for more valuable tips.------Here's the original post:You have 3 seconds to hook an audience.Steal these 9 killer opening lines for your next talk. ⤵-------FollowBusiness Infographicsto learn from the best visuals.

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Excel Dynamic ArraysCredits to Mynda Treacy, follow her for more Excel content.------Here's the original post:Excel Dynamic Arrays Cheat SheetHave you explored the powerful capabilities of Excel's Dynamic Arrays? Covering the purpose, syntax and an example of each function, including:- FILTER: Returns a range filtered on criteria you define.- UNIQUE: Returns unique values from a range or array.- SORT: Sorts a range or array based on a column index.- SORTBY: Sorts a range or array based on the values in a corresponding array[s].- SEQUENCE: Returns a list of sequential numbers- RANDARRAY: Returns an array of random numbers- # OPERATOR: Used to reference the entire spill range of a dynamic array.-# SPILL! ERROR: Occurs when there is not enough space for a dynamic array to spill its results.-------Follow Business Infographics to learn from the best visuals.

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