CPA Practice

NOVEMBER 21, 2023

(via TNS) The Trump Organization’s longtime controller returned to the witness stand Monday as a witness for the defense at Donald Trump’s financial fraud trial and continued to downplay his role in the fraudulent financial statements central to the case. who similarly blamed the outside accountants.

financial statements 52

financial statements Account accountant accounted 52

CPA Practice

MARCH 7, 2023

The Uniform Certified Public Accountant Examination (CPA Exam) is regularly updated to reflect enhancements to accounting and auditing standards as well as tax laws and regulations — and to improve the efficiency of the exam. What are the 2024 CPA Exam changes? Here’s what you need to know.

Technology 137

Technology CPA cpas audit 137

SkagitCountyTaxServices

MAY 11, 2022

We’d be happy to sit down with you, take a look at those financial statements and see how we can get your business on steadier ground. We’ll start by taking a look at the big three financial statements: balance sheet, income statement, and cash flow statement. The big three financial statements.

financial statements 83

financial statements CPA accounting and finance Start-ups 83

Going Concern

MAY 23, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

SMBAccountant

JANUARY 4, 2023

New rules are going into effect for lease accounting which may change how small businesses who follow Generally Accepted Accounting Principles (GAAP) think about and reporting leases. Under the old rules, financial reporting requirements were determined based on whether a contract was considered a capital or operating lease.

Account 246

Account accountant accounted accounting standards 246

Going Concern

APRIL 12, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. While the average mean salary for accountants in the U.S.

CPA 101

CPA auditor Tax audit 101

RogerRossmeisl

AUGUST 18, 2021

Forensic accountants are professionals who have received specialized training to uncover fraud and protect against fraud threats. They’re uniquely qualified to review financial statements and business records and to interview employees to find evidence of misrepresentations and theft.

forensic accounting 189

forensic accounting Account accountant accounted 189

CPA Practice

AUGUST 30, 2023

How to fix the crumbing talent pipeline in the accounting profession is a topic on the minds of many people these days. And it popped up at a session during the first day of the 2023 Unique CPA Conference, “Bridging the Gap,” in the Chicago suburb of Rosemont, IL, on Tuesday. You don’t have to be a CPA. It’s not glamorous.

cpa firm 105

cpa firm CPA cpas Maryland 105

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

Going Concern

MAY 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

Withum

DECEMBER 14, 2023

On December 13, 2023, the Financial Accounting Standards Board (FASB) finalized Accounting Standards Update (ASU) 2023-08 “Accounting for and Disclosure of Crypto Assets”. Entities are able to early adopt the ASU for both interim and annual financial statements that have not yet been issued or made available for issuance.

accounting standards 116

accounting standards Account accountant accounted 116

Withum

MAY 28, 2024

The Financial Accounting Standards Board (FASB) has issued two new accounting standards updates applicable to business combination accounting. It is expected to provide more useful information to investors and other financial statement users. A joint venture provides relevant disclosures.

Account 52

Account accountant accounted accounting standards 52

ThomsonReuters

FEBRUARY 28, 2024

Alicia Shaul ’s path to accounting was less than traditional. She decided to skip law school and instead took a job as a bookkeeper, finding her chosen profession and going back to school to earn her CPA. As an undergrad, she majored in political science and pre-law. This strengthened her desire  to have her own firm.

cpa firm 98

cpa firm CPA Non-Profits financial statements 98

Going Concern

JANUARY 9, 2023

A PCAOB inspections leader offers his insight to auditors at a conference: “The role of the financial statement auditor and the auditing profession continues to be a noble endeavor that has never been more needed and vital to our economic stability and the well-being of our capital markets,” said George Botic, CPA.

CPA 100

CPA auditor Tax Account 100

MyIRSRelief

APRIL 3, 2023

That’s where an accountant (EA or CPA) can help. A Los Angeles, CA accountant can provide essential financial expertise and support to small business owners, helping them make informed decisions and manage their finances efficiently. Contact us today for all you tax and accounting needs.

Account 130

Account accountant accounted accounting and finance 130

Going Concern

MAY 2, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 57

Real Estate Account accountant accounted 57

CPA Practice

APRIL 30, 2024

When you incorporate predictive analytics, generative AI and other advanced technologies into everyday workflows at your CPA firm, you are taking on much more than a technology upgrade. They can then act on that information, alerting clients to potential financial discrepancies before they can evolve into larger issues. By Steve Saah.

Technology 52

Technology CPA cpa firm accounting and finance 52

SkagitCountyTaxServices

MAY 23, 2024

That’s what my team and I do here at Padgett & Padgett, PLLC CPA. So, what’s ahead for your business financially? Sure, accountants can handle the tax prep you dread, but there is actual value in leaning on one outside of tax season as well. Enter the year-round accountant for your small business. Do you know?

Account 71

Account accountant accounted accounting and finance 71

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

RogerRossmeisl

JULY 16, 2023

To ensure the transaction is what it appears to be, acquaint yourself with the issues and include a forensic accounting expert on your deal team. Look at the numbers During the due diligence process of a merger or acquisition, forensic experts review financial statements for subtle warning signs of fraud.

forensic accounting 217

forensic accounting financial statements Legal CPA 217

xendoo

AUGUST 2, 2021

How much is your business currently spending on accounting costs? How much does a CPA cost in 2021? Do you really need a CPA as well as a bookkeeper? . Before you start hiring financial staff, you should consider the needs of your business. What Does a CPA Cost? How much does a CPA cost? What is a CPA?

CPA 88

CPA forensic accounting bookkeeping tax preparation 88

Snyder

AUGUST 12, 2022

What does an accountant do? Sometimes grasping the difference between bookkeeping and accounting can be tricky. Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience. Do I only need an accountant if I own a mid or large-sized business? What are bookkeeper duties?

bookkeeping 98

bookkeeping Account accountant accounted 98

CPA Practice

APRIL 22, 2023

Mike is an army Veteran and an MBA from Baylor University, and is mostly known for: Being the author of two books: The 7 Minute Conversation, and Don’t Be A DUMB Business Owner – both focused on using financial statements to find hidden cash in your business.

financial statements 52

financial statements accounting and finance payroll accounting software 52

Going Concern

OCTOBER 2, 2023

We didn’t get around to writing up this September 25 news release from CPA Ontario last week, better late than never. Thus concludes CPA Ontario’s investigation and prosecution of offences under the Chartered Professional Accountants of Ontario Act, 2017 , and the Public Accounting Act, 2004.

audit 113

audit public accounting CPA financial statements 113

CPA Practice

MAY 30, 2023

Certified Public Accountants from across the nation made their way to Capitol Hill last week to meet with lawmakers on issues important to the accounting profession during the American Institute of CPAs (AICPA) Spring Meeting of Council and Annual Members Meeting from May 23-25. government’s financial statements.

cpas 116

cpas Washington Tax Account 116

RogerRossmeisl

JULY 17, 2022

The cost (or asset) approach specifically focuses on this part of a company’s financial statements. 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. How does it work?

accounting principles 213

accounting principles CPA financial statements Account 213

Cherry Bekaert

APRIL 30, 2024

While the Lakers are currently working to correct the typos, in the accounting world, the price of these unintentional errors and lack of oversight (due to talent shortages and/or strained capacity at the senior management or executive level) can be especially costly — financially, operationally and reputationally.

CPA 52

CPA cpas audit accounting and finance 52

CPA Practice

DECEMBER 19, 2023

In an era where AI, particularly generative AI, is reshaping industries, small accounting firms stand at a crossroads. As we approach 2024, the integration of AI into accounting practices is not just an opportunity for an advantage, but a necessity. Stay abreast of regulatory changes and guidelines specific to AI in accounting.

accounting firms 125

accounting firms Account accountant accounted 125

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

CPA Practice

NOVEMBER 3, 2023

By Molly Crane-Newman, New York Daily News (TNS) Donald Trump’s eldest sons testified back-to-back at the family’s fraud trial in Manhattan Supreme Court on Thursday—both denying involvement in statements that exaggerated their father’s net worth by billions despite evidence to the contrary. Absolutely.” 20, 2013, didn’t you?” Amer asked.

Real Estate 106

Real Estate Account accountant accounted 106

Going Concern

JUNE 23, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Talent How Can the Accounting Profession Attract a Diverse Generation Z? [ Attracting and retaining these diverse young workers thus represents the next great challenge for firms.

cpa firm 103

cpa firm CPA auditor North Carolina 103

RogerRossmeisl

JANUARY 26, 2022

This financial statement reports “book values” for the company’s assets and liabilities. 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 231

Real Estate accounting principles CPA financial statements 231

RogerRossmeisl

MAY 8, 2022

Many fraud investigations focus on financial statements. Because cash is the most commonly stolen business asset, fraud experts regularly scrutinize statements of cash flow for signs of misappropriation and fraudulent disbursements. Unusual changes Your statement of cash flows shows how cash changed during the year.

forensic accounting 244

forensic accounting accounting and finance financial statements CPA 244

CPA Practice

AUGUST 17, 2023

Over the last year, the hottest topic of discussion among accounting professionals has been about how artificial intelligence will shape professional firms. For a profession as risk averse as accounting, what can we gather from this? AI has potential to save accounting.

accounting firms 98

accounting firms Account accountant accounted 98

CPA Practice

JANUARY 17, 2024

CPAClub has launched new solutions designed to transform the landscape of accounting, advisory, audit and assurance services for private and public companies. Innovative Solutions for Modern Challenges Corporate accounting and internal audit departments are navigating an increasingly complex and high-pressure business environment.

CPA 40

CPA cpa firm audit auditor 40

CPA Practice

MARCH 15, 2023

In the past several decades, few topics have driven as much conversation among accounting professionals and firm leaders as has ongoing private equity investment in firms. It’s definitely not the model of firm management that your mother or father experienced or envisioned, if they were an accounting professional.

accounting firms 132

accounting firms Account accountant accounted 132

CPA Practice

MAY 6, 2024

Several media outlets have reported that in an SEC filing on May 3, Trump Media replaced BF Borders with Phoenix-based CPA and consulting firm Semple, Marchal & Cooper. 8 on a list of audit firms with the most publicly traded clients, with just nine fewer clients than the sixth-largest accounting firm in the U.S.,

auditor 108

auditor audit financial statements CPA 108