RogerRossmeisl

FEBRUARY 25, 2024

Although financial statement fraud is the least common form of occupational theft (9% of incidents), it costs organizations the most in financial losses, according to the Association of Certified Fraud Examiners. Businesses defrauded by financial statement schemes had median losses of $593,000.

accounting principles 208

accounting principles Account accountant accounted 208

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 237

accounting principles CPA financial statements Account 237

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 243

Real Estate accounting principles CPA financial statements 243

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

Withum

JANUARY 24, 2023

Although an independent financial statement audit may not gain the day-to-day attention of management the same way as growing revenue or projecting cash flows; for many, there will come a time when an audit becomes a vital part of the company’s lifecycle. What is the required due date for the financial statement deliverable?

audit 69

audit auditor general ledger cpa firm 69

Basis 365

MARCH 30, 2023

Basis 365 was created to deliver a unique, outsourced accounting experience to small businesses by providing a virtual accounting department using cloud-based accounting applications. CPA firm : CPAs are generally going to be the most expensive option. This blended approach is the best of both worlds.

accrual accounting 52

accrual accounting Account accountant accounted 52

KROST

APRIL 12, 2022

Securing credit, managing employees, and staying involved in the day-to-day running of the business creates a constant set of obstacles to be addressed by the business owner, leaving very little time for a life outside of work, let alone applying the latest accepted accounting principles. Rebecca Hickle, CPA , Manager.

accrual accounting 52

accrual accounting financial statements accounting and finance auditor 52