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FASB Accepting Comments on Proposed New Chapter of Its Conceptual Framework Measurement

CPA Practice

A Statement of Financial Accounting Concepts is nonauthoritative and does not establish or change generally accepted accounting principles. The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a useful tool as it sets standards.

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What to Look for in an Accountant

MazumaBusinessAccounting

Experienced accountants use the financial data to prepare your business taxes, a task most business owners would be happy to get off their plate. Aside from rote bookkeeping and tax filing, the most significant value-add from a small business accountant is financial analysis and teaching basic accounting concepts.

Account 52
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article thumbnail

What to Look for in an Accountant

MazumaBusinessAccounting

Experienced accountants use the financial data to prepare your business taxes, a task most business owners would be happy to get off their plate. Aside from rote bookkeeping and tax filing, the most significant value-add from a small business accountant is financial analysis and teaching basic accounting concepts.

Account 52
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The Power of Relational Accounting: Beyond Data-Driven Client Advisory Services

CPA Practice

When discussing complex accounting concepts, use clear and relatable language to ensure your clients grasp the information. Communicate with empathy and clarity Effective communication is the foundation of solid relationships. Practice active listening and make an effort to understand your clients’ perspectives.

Account 52