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Where’s Your GAAP: Transportation and Logistics Companies Need Clean Financials to Grow and Sell

Anders CPA

A net income sheet that has more ups and downs than an amusement park usually means one thing: The company’s bookkeeper is not using GAAP – generally accepted accounting principles. It’s always a relief when I can explain to them: “You probably didn’t.”

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ShayCPA Looks Back on 2023

Shay CPA

C-corporation, LLC), their payroll considerations, generally accepted accounting principles (GAAP) here, and optimizing their fintech stacks. We tested ourselves at Beat the Bomb, a real-life video game experience, and had a blast enjoying our time together. The post ShayCPA Looks Back on 2023 appeared first on Shay CPA.

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Monday Morning Accounting News Brief: EY Morale Is Suffering After Layoffs; Ignoring Audit Quality? | 3.11.24

Going Concern

Minnesota’s proposal to add a second pathway to CPA licensure that doesn’t require 150 hours of education is moving forward in the MN Senate. PwC, an accounting firm formerly known as PricewaterhouseCoopers, tabulates the votes for the Academy Awards. EY laid off 150 people three days before Christmas last year.

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Guide to accountant responsibilities

ThomsonReuters

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.

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Understanding MRR vs. Recognized Revenue: A Guide for Startups

Shay CPA

You also need to track recognized revenue — and that’s a whole different ball game. Revenue recognition is a separate beast, and one that requires you to adhere to generally accepted accounting principles (GAAP). The post Understanding MRR vs. Recognized Revenue: A Guide for Startups appeared first on Shay CPA.

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AICPA Dealership Conference – Updates and Takeaways

Withum

Set in New Orleans, Louisiana this year, there was plenty of fun (Phillies Astros World Series Game 1) and information to go around. Lease Accounting – ASC 842 Considerations The FASB Accounting Standard update for ASC 842 (leases) is effective for fiscal years beginning after December 15, 2021, or calendar year December 31, 2022.

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What is COGS in Accounting and How to Calculate It?

Snyder

” COGS is also an accounting term under U.S. Generally Accepted Accounting Principles (GAAP) that requires businesses to apply certain inventory costing principles. Reliable information takes the guessing game out of everyday decision making and boosts your business growth.