RogerRossmeisl

MAY 5, 2023

Generally Accepted Accounting Principles (GAAP), assets are recorded at the lower of cost or market value. The post Using Financial Statements to Value a Business appeared first on Roger Rossmeisl, CPA. So, adjustments may be needed to align an item’s book value with its fair market value.

financial statements 243

financial statements Real Estate accounting principles Manufacturing 243

ThomsonReuters

FEBRUARY 8, 2024

Jump to: What are the main accounting assumptions? Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Accounting assumptions, along with accounting principles and concepts, provide professionals with the necessary framework for preparing financial statements.

Account 96

Account accountant accounted accounting principles 96

RogerRossmeisl

JULY 17, 2022

Generally Accepted Accounting Principles (GAAP), assets are recorded at historic cost. The post How to Use the Cost Approach to Value a Business appeared first on Roger Rossmeisl, CPA. Use of historic cost. Over time, historic cost may understate market value for appreciable assets, such.

accounting principles 237

accounting principles CPA financial statements Account 237

RogerRossmeisl

JANUARY 26, 2022

Generally Accepted Accounting Principles (GAAP), assets are recorded at historic cost. The post The Cost Approach to Valuing a Business appeared first on Roger Rossmeisl, CPA. One reason is that, under U.S.

Real Estate 243

Real Estate accounting principles CPA financial statements 243

CPA Practice

APRIL 5, 2023

And most importantly for accountants, how can it help us do our jobs more efficiently and effectively? So how can an LLM like ChatGPT help create functionality and automation within an accounting environment? We asked ChatGPT to “Think like a CPA. Write a technical accounting memo for ASC 606 based on consumption based pricing.

accounting firms 135

accounting firms Account accountant accounted 135

CPA Practice

MARCH 24, 2023

Founded in 1897, the NYSSCPA offers networking opportunities for CPAs, along with CPE courses and conferences, over 50 committees that cover various specializations, and also publishes the CPA Journal. The New York State Society of CPAs has truly become thought leaders in the accounting profession and in finance.

New York 64

New York cpas CPA accounting principles 64

Basis 365

FEBRUARY 1, 2023

Structuring your accounting infrastructure can be daunting, no matter how big or successful your company is. Companies often ask about the differences between accountants and controllers. Although the roles are different, they are integral to any accounting team. What is an accountant? What is a Controller?

Account 97

Account accountant accounted bookkeeping 97

Withum

JULY 18, 2023

Lease accounting for lessees has been a hot and widely discussed topic for several years and the new standard under generally accepted accounting principles (“GAAP”), Accounting Standards Codification (“ASC”) 842, Leases , became effective for private companies with fiscal years beginning January 1, 2022, and later.

accounting principles 52

accounting principles Account accountant accounted 52

Going Concern

OCTOBER 5, 2023

Every accounting firm struggles with project management, with smaller practices that are rapidly expanding taking the brunt of the damage. We’ve scoured the archives of time-tested accounting wisdom to share with you these 10 valuable insights. Left with no other options, Accountant chose to scale the cliffs of Mount § 509(a).

accounting firms 117

accounting firms Account accountant accounted 117

CPA Practice

MARCH 4, 2023

A professional education company called MEASURE x HACK , says it wants to free 1 billion people to live their life by using data and systems, announced a ground-breaking release of an accountant-exclusive, online Bootcamp named “ From CPA to CFO – 6-Week Bootcamp to Elevate Your Practice ”. In 2009, W. The new course includes over 6.5

CPA 52

CPA cpa firm cpas accounting principles 52

RogerRossmeisl

SEPTEMBER 26, 2022

Generally Accepted Accounting Principles (GAAP). Critical factors When valuing intangible assets, business valuation professionals generally consider the following factors: The economic benefits, The post Putting a Price Tag on Intangible Assets appeared first on Roger Rossmeisl, CPA.

accounting principles 130

accounting principles CPA Account accountant 130

CPA Practice

JULY 31, 2023

In today’s globalized world, offshoring and outsourcing have become prevalent strategies adopted by CPAs, accounting, and tax firms to optimize their operations, minimize expenses, and tap into specialized expertise. When interviewing offshore accountants, consider conducting video interviews to establish a personal connection.

Tax 98

Tax Account accountant accounted 98

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

Account 59

Account accountant accounted tax preparation 59

Anders CPA

APRIL 26, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders, will be honored by the University of Missouri – St. The post Jeanne Dee Honored with UMSL Salute to Business Achievement Award appeared first on Anders CPA. Louis at the Salute to Business Achievement Awards.

Missouri 52

Missouri accounting principles audit CPA 52

CPA Practice

AUGUST 10, 2023

In this role, Decker will be responsible for leading the firm’s various professional practices, including Accounting Principles, Independence, SEC Regulatory Matters and the Professional Practice Director group. Decker received a bachelor’s degree in accounting and business management from Salisbury University.

audit 98

audit accounting principles Texas accounting standards 98

CPA Practice

SEPTEMBER 12, 2023

The Deloitte-Bitwave alliance offers clients a suite of symbiotic digital asset offerings to manage these new complexities, including connecting blockchain data to the ERP system to help companies unlock valuable insights in near real-time, accelerating monthly close with automated accounting, and streamlining crypto payments.

Account 131

Account accountant accounted accounting principles 131

Shay CPA

JANUARY 31, 2024

When it comes to your accounting, employing a few tools and keeping key facts in mind can make your life a whole lot easier. Whether you want to optimize your accounting to realize more tax savings this year or you just want to avoid unwelcome surprises, we can help. Your accountant can provide guidance here.

quickbooks 52

quickbooks Account accountant accounted 52

AccountingDepartment

DECEMBER 28, 2021

The end of the year is a great time to review your accounting practices. Here are some of the ways you can benefit from outsourced accounting services. Virtual Accounting Is More Than a CPA. Many smaller businesses only have a CPA that handles their tax return. Having an internal accounting team usually costs more.

Account 88

Account accountant accounted bookkeeping 88

LyfeAccounting

MARCH 10, 2021

In this post, we want to provide you with some more clarity on CPA services. Now, CPAs can provide a number of services to small businesses. But no other professional can provide all of the services that CPAs provide. So then… what are CPA services? What are CPA Services? What is a CPA? Compilations.

CPA 52

CPA cpas bookkeeping tax preparation 52

Going Concern

MARCH 11, 2024

Minnesota’s proposal to add a second pathway to CPA licensure that doesn’t require 150 hours of education is moving forward in the MN Senate. ” … The American Institute of Certified Public Accountants, one of the organizations asserting itself in Minnesota, does not care. It prefers the status quo.

audit 62

audit Minnesota Account accountant 62

LSLCPAs

DECEMBER 3, 2020

Most CPA firms perform audits in accordance with Generally Accepted Accounting Principles (GAAP). During an audit, your CPA will perform a test of your […]. The post What You Should Expect from Your CPA During an Audit |For Privately Held Companies appeared first on LSL CPAs.

audit 52

audit CPA accounting principles cpa firm 52

Going Concern

NOVEMBER 16, 2022

Is accounting too hard? That is the question posed by Dr. Josh McGowan, CPA on Twitter: Is the accounting major too difficult? At many universities, accounting courses (especially Principles I & II) have some of the lowest GPAs compared to other disciplines. accounting. —

Account 97

Account accountant accounted Education 97

Anders CPA

JANUARY 8, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. in Accounting from the University of Missouri – St. I’m excited to get started! She holds a B.S.

Missouri 98

Missouri audit accounting principles accounting standards 98

CPA Practice

OCTOBER 30, 2023

While marketing teams have been using AI assistants to whip up emails and create LinkedIn Ads, the accounting teams have struggled to reap the potential rewards AI technology can deliver. Fortunately, a series of advances in AI have now unlocked new ways for the technology to help accounting teams work faster, smarter, and more accurately.

Finance 119

Finance Account accountant accounted 119

CPA Practice

AUGUST 28, 2023

The Massachusetts Society of Certified Public Accountants (MassCPAs), in partnership with the American Institute of Certified Public Accountants (AICPA) Women’s Initiatives Executive Committee, today announced the seven honorees of the 2023 Women to Watch Awards.

Massachusetts 52

Massachusetts cpas accounting principles CPA 52

CPA Practice

FEBRUARY 13, 2023

Cost accounting and inventory management: This includes standard cost systems, activity-based costing, and cost-volume-profit analysis, among others. Lean accounting: This is a management accounting approach that aligns with the principles of Lean manufacturing, including reducing waste and maximizing value.

Account 140

Account accountant accounted international accounting standards 140

Anders CPA

MAY 13, 2024

A net income sheet that has more ups and downs than an amusement park usually means one thing: The company’s bookkeeper is not using GAAP – generally accepted accounting principles. They may meet with their accountant once a year, which means that for eleven months they are on a cash basis.

Transportation 52

Transportation accounting principles bookkeeping CPA 52

Ryan Lazanis

JUNE 8, 2023

Online accountant forums can be a valuable resource for accounting professionals looking to expand their knowledge, connect with peers, and stay up-to-date on industry trends. In this post, we’ll explore the benefits of participating in online forums for accountants and enumerate which ones are worth joining.

online accounting 52

online accounting Account accountant accounted 52

Ryan Lazanis

JULY 11, 2023

Do you want to attract top-tier talent for your staff accountant position? One of the things you must have is a compelling and comprehensive staff accountant job description that showcases what you can offer. Table of Contents The Strategy for a Good Staff Accountant Job Description What Does a Staff Accountant Do?

accounting jobs 40

accounting jobs accountant jobs accounts jobs Account 40

CPA Practice

APRIL 4, 2024

The number of accounting-related securities class-action filings rose 9.8% While accounting case filings have increased each of the last three years, the number of cases filed remained below the historical average of 62. Accounting case filings with auditor defendants have been few and far between in recent years.

Account 53

Account accountant accounted accounting principles 53

Basis 365

MARCH 30, 2023

ARE ALL ACCOUNTING SERVICES THE SAME? COMPARING DIFFERENT ACCOUNTING PARTNERS CAN BE LIKE COMPARING APPLES AND ORANGES. ACCOUNTING SERVICES (OR OFFERINGS) ARE NOT ALL THE SAME. BREAKING DOWN THE DIFFERENT ACCOUNTING PARTNERS YOU MAY BE CONSIDERING AND WHICH ONE IS RIGHT FOR YOU. DON’T OVER- OR UNDER-HIRE.

accrual accounting 52

accrual accounting Account accountant accounted 52

CPA Practice

MARCH 20, 2024

The Securities and Exchange Commission has accepted the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT), collectively known as the “ GAAP Taxonomy ,” the Financial Accounting Standards Board (FASB) said on March 19. In addition, the FASB finalized the 2024 DQC Rules Taxonomy (DQCRT).

accounting principles 105

accounting principles accounting standards income tax Tax 105

Withum

JANUARY 24, 2023

Whether it be seeking a bank loan, meeting regulatory requirements, or preparing for sale or initial public offering, all avenues lead to CPA-audited, reviewed or compiled annual financial statements. Delays in providing account schedules, requesting underlying support, or answering auditor inquiries will lead to delays in the audit timeline.

audit 69

audit auditor general ledger cpa firm 69

SkagitCountyTaxServices

JUNE 2, 2022

Before I get into accounting methods basics today (a subject near to my heart) … I hope you were able to get in on some Memorial Day activities this past weekend (though I know some Skagit County business owners are in the thick of things during this commemorative weekend). Pros and cons of accrual accounting.

accrual accounting 65

accrual accounting Account accountant accounted 65

CPA Practice

DECEMBER 22, 2023

The Financial Accounting Standards Board has issued a proposed new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. A Statement of Financial Accounting Concepts is nonauthoritative and does not establish or change generally accepted accounting principles.

accounting principles 104

accounting principles accounting concepts financial statements accounting standards 104

SkagitCountyTaxServices

JUNE 8, 2022

Though it’s not the main thing I’ll be writing about today, I did want to point out this economic elephant in the room for my Mount Vernon business owner readers and clients, and not just speed on by and into my accounting geekery. It was started some 50 years ago as a successor to the Accounting Principles Board.

accounting principles 82

accounting principles accounting standards accrual accounting Education 82

CPA Practice

AUGUST 23, 2023

The Financial Accounting Standards Board (FASB) issued a new standard on Wednesday that addresses the accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. A minority public ownership, however, does not preclude an entity from being a joint venture.

Account 52

Account accountant accounted accounting standards 52