How to Read a Statement of Cash Flows


You don't have to have an accounting degree to make wise business decisions. financial management cash flow management financial statements accounting trends quickbooks reporting cash flow statement

KROST Sponsors the George Willie Ethnically Diverse Student Scholarship & Internship Program


This scholarship and internship program benefits ethnically diverse students pursuing an accounting degree. Congratulations to Amber Tabata on being selected as one of the ten winners of The George Willie Ethnically Diverse Student Scholarship & Internship Program.


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Episode 068: A conversation with Allan Koltin


For twenty consecutive years, Allan has been named by Accounting Today as one of the Top 100 Most Influential People in the accounting profession. In 2016 CPA Practice Advisor inducted Allan into the Accounting Hall of Fame. It now has to accounting and data analytics.

Experience Counts – A Flashback for Friday


Something must have happened that week to cause me to share my feelings about the value of longevity, experience, and knowledge possessed by the accountants in your firm who have thirty or more years of experience. If they started their career after graduating with an accounting degree that would make them around fifty-two years of age. “At age 20, we worry about what others think of us. At age 40, we don’t care what they think of us.

Friday Footnotes: Big 4 Pride; KPMG Gets Snubbed; EY Goes on a Poaching Spree | 6.3.22

Going Concern

Accountant Finds Out Client Has “Skeletons In The Closet”, Gets The IRS Involved And Makes Him Lose Everything [ Bored Panda ] It was posted on Reddit so obviously it must be true.

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KROST Sponsors AICPA’s PCPS George Willie Ethnically Diverse Student Scholarship & Internship Program


KROST CPAs and Consultants, the Los Angeles-based firm, has announced their co-sponsorship of the American Institute of Certified Public Accountants’ ( AICPA) Private Companies Practice Section (PCPS) George Willie Ethnically Diverse Student Scholarship & Internship Program.

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Withum Introduces CEO-elect Pat Walsh to Succeed Bill Hagaman


Withum, a national top 25 accounting and advisory firm, announced today that Pat Walsh , Partner and Market Leader for Withum’s National Tax Services Practice, will succeed CEO and Managing Partner Bill Hagaman , after his term ends in 2023.

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State of the Accounting Profession 2022 Via the AICPA Trends Report

Going Concern

Accounting enrollments. By 2014 however, the benevolent overlords at the AICPA noticed a troubling statistic: despite record enrollments, this abundance of accounting students did not appear to be pursuing the CPA exam as expected. A worsening accounting professor shortage.



You hire them because they have an accounting degree, they received good grades and they interviewed well. You teach and train them to perform the basic duties of an accountant working in public accounting. Some no-brainers in an accounting firm – Someone just has a knack for preparing corporate tax returns and another can quickly and accurately work their way throw a long list of individual tax returns.

What Your Financial Reports Really Tell You


It’s not the same as getting a five-year accounting degree, but it’s going to give you the knowledge to make smart business decisions. This is where the accounting rules come in. It may seem like income because money is coming into your account, but it isn’t.

Friday Footnotes: ‘KPMG Did Not Know What They Were Doing’; Are You Boring?; PCAOB Warns About Confirmations | 3.25.22

Going Concern

These are the 5 most ‘boring’ — and exciting — jobs in the world, according to a recent study [ CNBC ] You’ll be happy to hear accounting made #2 on the most boring list. ” Climate Plan Puts SEC in Rare Role as Accounting Rule-Writer [ Bloomberg Tax ] The U.S.

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Beyond tax season: creating revenue stability year-round


Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. Why revenue stability is important for small and mid-sized tax and accounting firms.

The Talent Pool Is Shrinking


It seems that accounting students don’t see the value in devoting the time and energy to become a CPA. Is it worth it to become a CPA, in public accounting, when average partner compensation in $5 to $20M firms is half a million? Plus, flexible work arrangements make public accounting very attractive. Accounting, auditing, and tax preparation are the words most associated with the CPA credential, further narrowing the credential’s scope and attractiveness. “As

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Uncle Sam Wants YOU to Be His Accountant

Angry Accountants

He already has like a billion accountants working for him. Those who performed well in school were sometimes paid $35,752, while new hires with a master's degree or two years of professional experience usually began at $43,731. Treasury accounts.