Business Infographics on LinkedIn: Accounting vs. Finance Cheat Sheet Credits to Oana Labes, MBA, CPA… (2024)

Make A Stunning First ImpressionCredits to Howie Chan, follow him for more insightful content.------Here's the original post:Savvy leaders know the power of a first impression.They are not just superficial.They are the gateway to trust.→ It's an investment in relationships.→ It leaves people with a good feeling.→ You set the tone for future interactions.A solid first impression isn't just beneficial. It's critical.Did you know:First impressions only take 100-ms to form?First impressions dictate IRL interactions and last for months?Steal my cheat sheet to show up stunning:1/ In-person2/ On video calls3/ Over email-------Follow Business Infographics to learn from the best visuals.

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World of AI & DataCredits to Nicolas Boucher and AI Finance Club, follow them for more practical content.------Here's the original post:Save this post to learn all AI & Data terms1. GPT (Generative Pre-trained Transformer)• Definition: General-purpose language models• Finance Use: Automated Content Generation, Customer Support Chatbots2. NLP (Natural Language Processing)• Definition: Enables computers to understand human language• Finance Use: Chatbots, Fraud Detection3. API (Application Programming Interface)• Definition: Rules enabling software interaction• Finance Use: Data exchange, Real-time market data, Payment Processing4. RPA (Robotic Process Automation)• Definition: AI automating rule-based tasks• Finance Use: Data Entry, Invoice Processing, Account Reconciliation5. OCR (Optical Character Recognition)• Definition: Extracts text from images or scanned docs• Finance Use: Automated document processing, expense management6. ASR (Automatic Speech Recognition)• Definition: Converts spoken language to text• Finance Use: Transcription, Customer Service Call Analysis7. CL (Clustering)• Definition: Groups similar data points• Finance Use: Market Segmentation, Fraud Detection8. TTS (Text-to-Speech)• Definition: Converts written text to spoken word• Finance Use: Audio Financial Reports, Customer Notifications9. LLM (Large Language Model)• Definition: AI trained on vast text data• Finance Use: Sentiment Analysis, Document Summarization10. DL (Deep Learning)• Definition: Specialized ML using deep neural networks• Finance Use: Analyze market data, predict patterns11. ML (Machine Learning)• Definition: Enables learning from data• Finance Use: Credit Scoring, Algorithm Trading12. RNN (Recurrent Neural Network)• Definition: Processes sequential data• Finance Use: Time-Series Analysis, Stock Price Prediction13. SVM (Support Vector Machines)• Definition: Used for classification & regression analysis• Finance Use: Credit Risk Assessment, Portfolio Optimization14. KNN (K-Nearest Neighbors)• Definition: Classifies data based on neighbors• Finance Use: Customer Segmentation, Anomaly Detection15. TKN (Tokenization)• Definition: Replaces data with unique symbols• Finance Use: Information Extraction, Sentiment Analysis16. PCA (Principal Component Analysis)• Definition: Reduces data dimensionality• Finance Use: Risk Management, Feature Extraction...-------🤖 Want to Become more efficient and secure your future by being the one who knows how to use AI!Start with 𝗡𝗶𝗰𝗼𝗹𝗮𝘀'𝘀 𝗖𝗵𝗮𝘁𝗚𝗣𝗧 𝗳𝗼𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗩𝗶𝗱𝗲𝗼 𝗖𝗼𝘂𝗿𝘀𝗲:https://lnkd.in/g_mQJ4Ap💠 2.5 hours of on demand videos💠 450+ prompts💠 Rated 5 stars-------Follow Business Infographics to learn from the best visuals.

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The Ultimate LinkedIn Growth Cheat SheetCredits to Chris Donnelly, follow him for more valuable growth sheets.------Here's the original post:The Ultimate LinkedIn Growth Cheat Sheet.This helped me grow from 55,000 - 475,000 followers in 14 months.LinkedIn reach has dropped 50% for 95% of creators…(According to LinkedIn Annual Report)Don’t let that be you.Steal this cheatsheet and learn "How To Beat The Algorithm"Here’s a sneak peek of this LinkedIn Growth Cheat Sheet:🚀 Discover the fastest-growing post types:1. Infographics: Share wisdom visually2. Carousels: Capture attention with a story3. Text & Photo: Connect through personal storytelling4. Text only: Convey powerful messages succinctly5. Videos: Engage with dynamic content🧠 Understand the foundations for craftingthe perfect LinkedIn post. Going over:1. Consistency2. Your hook3. Your visual4. How easy it is to read5. The length of your post6. How to include your Call to Action🛠️ Leverage cutting-edge tools topolish your content:1. Ideation: Taplio, Kleo, AuthoredUp, ChatGPT2. Writing and Visuals: Grammarly, Notion, Canva and Midjourney👨💻 Optimise every facet of your profile, from:1. Headline2. Profile picture3. Banner4. Settings5. Hashtags6. About section7. Featured section8. Experience section✍️ Take in my top tips for postingwith Posting 101. Covering:1. Links2. Hashtags3. Repurposing4. Posting times5. Posting consistency6. Impression posts and follower posts7. The impact of reposting on your content🕵️♂️ Ensure every element showcases your expertise and experience.Embrace a content strategy that includes:1. Smart topic selection and formatting2. The 30/30/30 rule for engagement3. Timely responses with a thoughtful comment strategy4. Consistent scheduling for maximum reachSave and study this today,to start your LinkedIn growth journey tomorrow.-------Follow Business Infographics to learn from the best visuals.

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Key Finance & Accounting Roles ExplainedCredits toAleksandar Stojanović, MSc., follow him for more finance content.------Here's the original post:Key Finance & Accounting Roles ExplainedEmbarking on a career in Finance & Accounting?You would like to know where you fit and what to learn.Here’s a step-by-step guide to critical roles and responsibilities:🔘 CFO (Chief Financial Officer): For those who envision the financial big picture.1. Strategic Planning: Cultivate a holistic view of financial growth.2. Capital Structuring: Master the art of effective funding.3. Risk Management: Grasp crucial techniques to safeguard assets.4. Stakeholder Communication: Build bridges with investors and board members.5. Forecasting: Harness the power of future financial insights.🔘 Financial Analyst: Dive deep for those analytical minds.6. Data Analysis: Extract significant patterns from financial data.7. Budgeting & Planning: Understand the nuances of allocation.8. Performance Metrics: Discover vital KPIs for business health.9. Report Creation: Master the art of insightful reporting.🔘 Internal Auditor: For the diligent and detail-oriented.10. Risk Assessments: Spot vulnerabilities before they escalate.11. Process Evaluations: Streamline operations for efficiency.12. Compliance Checks: Ensure adherence to financial standards.13. Recommendations: Provide insights for optimization.🔘 Tax Specialist: Navigate the intricate maze of taxation.14. Tax Strategy: Formulate effective tax-saving methods.15. Compliance & Reporting: Adhere to the ever-evolving tax laws.16. Audit Defense: Safeguard against potential tax inquiries.17. Tax Forecasting: Predict future tax implications.🔘 Accountant: The backbone of everyday financial health.18. Record Keeping: Maintain pristine financial records.19. Financial Statements: Generate periodic business health reports.20. Reconciliation: Ensure accuracy in books.21. Tax Preparation: Assist in timely and accurate tax filing.These roles encompass different aspects of Finance & Accounting, catering to various interests and skill sets.Explore these areas, identify your interests, and tailor your learning path accordingly.-------FollowBusiness Infographicsto learn from the best visuals.

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Which Type Of Strategist Are You?Credits to Jeroen Kraaijenbrink, follow him for more insightful content.------Here's the original post:Strategists come in different breeds. Some know it all or are full of ideas, while others prefer to involve their people or focus on maintaining the status quo. Which type are you?Type 1. The King StrategistThe know-it-all strong and independent Chief Executive, having a clear vision of where to take the organization. Capable thinkers and forward-looking.Strengths: have strong, well-founded ideas about where to take their organization the next couple of years. Often they are right.Weaknesses: can lose touch with the rest of the organization. Too far ahead and expect too much of others, thereby creating frustration.Type 2. The Servant StrategistFavor a participative, or democratic approach to strategizing. Instead of defining the strategy themselves, they rather want to hear what others in the organization are saying.Strengths: strong in creating harmony, engagement and commitment. Able to create a shared strategy of which people feel ownership.Weaknesses: Because they hardly share their own vision and let others do this, they may easily be seen as weak and indecisive.Type 3: The Elder StrategistOften have been decades with the organization and have been in a leading position for a long time. They appreciate continuity and are hesitant in embracing new developments.Strengths: strong sense of history and continuity. Rather than jumping on hypes, they embrace what the organization is already good at.Weaknesses: can be defensive and with their focus on tradition can lose touch with internal and external developments.Type 4: The Prince StrategistEmbraces change and innovation and often are themselves the main source of new ideas. Full of creativity and enthusiasm and see opportunities for change everywhere.Strengths: able to spot new opportunities and bring in new ideas. Can motivate others to be innovative too.Weaknesses: make the organization jump from one idea to the next, change strategy regularly and never get into delivery mode.Type 5. The Joker StrategistA non-strategist. Have no clear ideas about where to take their organization, and have limited abilities to make decisions or enforce action. Like to joke around and stay popular. Strengths: their weakness may trigger others to step up and take their role as one of the other four types of strategists.Weaknesses: the lack of clear strategy and the lack of execution, as well as their general ineffectiveness.Are you a King, a Servant, an Elder, a Prince, or a Joker Strategist?-------Follow Business Infographics to learn from the best visuals.

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Leadership Cheat SheetCredits to Eric Partaker, follow him for more valuable leadership content.------Here's the original post:Grab this cheat sheet to End. All. Cheat. Sheets!It's like an entire leadership book in one page 👀Leadership is a highly valuable skill.➟ It's one all employers want.➟ It gives you an advantage in business.➟ It makes you more successful in all areas of life.Here's your masterclass condensed into one sheet.2+ decades of leadership experience.100s of leadership books read and applied.1,000s of hours coaching and mentoring leaders.You get all that knowledge for free.In this practical, easy-to-use guide.Here's what's on it:✨ The Leadership IndexA self-assessment tool to gauge where you stand now.And guide your progress toward mastery.It covers:• Emotional Intelligence• Strategic Thinking• Decision-Making• Resilience• InfluenceAll crucial traits of great leaders.You also get:✅ 10 Leadership Styles✅ 3 Elements of Motivation✅ 6 Steps of Conflict Resolution✅ 7 Cs of Effective Communication✅ 10 Tips for Successful Delegation✅ 12 Keys to Building a Strong Culture✅ And the No 1 Rule for Time Management-------Follow Business Infographics to learn from the best visuals.

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Accounts PayableCredits to Josh Aharonoff, CPA, follow him for more practical finance content.------Here's the original post:Learn about Accounts Payable 👇➡️ What it meansMoney a company owes to its suppliers and vendors for goods and services purchased on credit➡️ Where it shows upOn the Liabilities section of the Balance Sheet➡️ Why it’s important1️⃣ Cash Flow Management - a higher AP balance can mean that you are utilizing favorable cash flow measures for the near future, however it’s important to keep track as the amount can catch up with you2️⃣ Relationship with Suppliers - It’s important to keep track of your AP balance or your relationship with suppliers may worsen, leading to future issues with purchasing goods & services on credit, or legal action➡️ Common AP formulas1️⃣ Accounts Payable Turnover Ratio: Measures how many times a company pays off its accounts payable balance during a specific period.Formula: Purchases on Credit / Average Accounts PayableAlternate Formula: COGS / Average Accounts Payable Balance💡A high Accounts Payable Turnover Ratio means that the company is paying off it’s outstanding AP more quickly2️⃣ Days Payable Outstanding (DPO): Represents the average number of days it takes a company to pay its suppliers.Formula: Accounts Payable / Purchases on credit * Number of days.Alternate formula: Average AP / COGS * Number of Days💡A Lower DPO means the company is paying off it’s AP balance more quickly3️⃣ Average Age of Accounts Payable: Measures how long a company takes to pay off its debtsFormula: Accounts Payable / Annual Credit Purchases / 365Alternate Formula: Accounts Payable / Average Daily Cost of Goods Sold💡A lower Average Age of Accounts Payable means the company pays it’s AP balance more quickly➡️ Common Journal Entries1️⃣ When purchasing good or services on credit…Debit Software expense (or the relevant account)Credit Accounts Payable2️⃣ When paying off AP balanceDebit Accounts PayableCredit Cash-------🛎️ If you find it useful, be sure to check out more content like this in "𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝟭𝟬𝟭 - 𝗘𝗯𝗼𝗼𝗸" by Josh!Get your Ebook here: https://lnkd.in/gKpUuFiA-------Follow Business Infographics to learn from the best visuals.

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How do companies ship code to production?Credits to Alex Xu, follow him for more useful content.------Here's the original post:How do companies ship code to production?The diagram below illustrates the typical workflow.Step 1: The process starts with a product owner creating user stories based on requirements.Step 2: The dev team picks up the user stories from the backlog and puts them into a sprint for a two-week dev cycle.Step 3: The developers commit source code into the code repository Git.Step 4: A build is triggered in Jenkins. The source code must pass unit tests, code coverage threshold, and gates in SonarQube.Step 5: Once the build is successful, the build is stored in artifactory. Then the build is deployed into the dev environment.Step 6: There might be multiple dev teams working on different features. The features need to be tested independently, so they are deployed to QA1 and QA2.Step 7: The QA team picks up the new QA environments and performs QA testing, regression testing, and performance testing.Steps 8: Once the QA builds pass the QA team’s verification, they are deployed to the UAT environment.Step 9: If the UAT testing is successful, the builds become release candidates and will be deployed to the production environment on schedule.Step 10: SRE (Site Reliability Engineering) team is responsible for prod monitoring.Over to you: what's your company's release process look like?-------Follow Business Infographics to learn from the best visuals.

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Project Management Cheat SheetCredits toJustin Bateh, PhD, follow him for more practical cheat sheets.------Here's the original post:New Cheat Sheet: Upskill Your Project Management Game👉 Here is what the 1-Page Sheet contains:🎯 Essential Skills🎯 Essential Qualities🎯 Certifications🎯 Essential Tools🎯 Key Cash Flow Principles🎯 Change Management Processes🎯 Methodologies🎯 Key Terms🎯 Critical KPIs🎯 Project Lifecycle🎯 Planning and SchedulingUse this Cheat Sheet to improve your Project Management knowledge.-------FollowBusiness Infographicsto learn from the best visuals.

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EBITDA vs. NET INCOME vs. FREE CASH FLOWCredits to Brian Feroldi, follow him for more useful finance content.------Here's the original post:EBITDA vs NET INCOME vs FREE CASH FLOWWhat's the difference?EBITDA:• Measures the amount of operating profits a company generates from its core operations, excluding the impact of financing decisions, tax regulations, and non-cash expenses.NET INCOME:• Measures the amount of net profits a company generates using accrual accounting after deducting all business expenditures.FREE CASH FLOW:• Measures the amount of cash a business generates using cash accounting after subtracting all operating expenses and capital expenditures.FOUND ON 🔎• EBITDA = Income Statement + Cash Flow Statement• NET INCOME = Income Statement• FREE CASH FLOW = Cash Flow StatementFORMULA ⚖• EBITDA = Net Income + Interest + Taxes + Depreciation + Amortization• NET INCOME = Net Income• FREE CASH FLOW = Cash From Operating Activives - Capital ExpendituresPROS ✅EBITDA-Shows a company's ability to generate operational profits without the impact of financing, taxes, and non-cash items.- Provides a way to compare the operational profitability of companies with different capital structures.NET INCOME- Incorporates all expenses using accrual accounting- Gives a complete picture of profitability.- Widely used and accepted method of measuring profits.FREE CASH FLOW- Measures how effectively a company is at generating cash.- Indicates the cash available for dividends, debt repayment, and reinvestment.- Provides an alternative way to measure profits.CONS ❌EBITDA- Ignoring interest, taxes, and non-cash charges can paint an overly optimistic picture of a company’s profits, especially for capital-intensive businesses.- Companies with a lot of debt or significant capital expenditures appear more profitable than they really are.NET INCOME- Expenditures such as one-off gains or losses, changes in tax laws, or restructuring costs can distort net income.- Different financing structures and tax jurisdictions can make comparisons between companies and industries difficult.FREE CASH FLOW- Can be significantly impacted by capital expenditure decisions, which may vary widely from year to year.- Requires a deeper understanding of the nuance of accounting.What's your favorite way to measure profits? Let me know below!-------Follow Business Infographics to learn from the best visuals.

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