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CPA Firm Management Expert Michael Hsu Wants to Help Elevate Your Practice

CPA Practice

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

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Early Revenue Recognition: Not Just Bad Accounting, But Fraud

RogerRossmeisl

To comply with Generally Accepted Accounting Principles and preserve your company’s reputation, you must prevent such activities on your watch. The post Early Revenue Recognition: Not Just Bad Accounting, But Fraud appeared first on Roger Rossmeisl, CPA.

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How to Use the Cost Approach to Value a Business

RogerRossmeisl

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.

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The Cost Approach to Valuing a Business

RogerRossmeisl

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.

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What You Should Expect from Your CPA During an Audit |For Privately Held Companies

LSLCPAs

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.

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Changes to Lease Accounting Rules (ASC 842)

SMBAccountant

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.

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Preparing for Your First Audit – Steps to Follow for Consumer Products Companies

Withum

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.

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