Anders CPA

MAY 13, 2024

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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Shay CPA

DECEMBER 19, 2023

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 final day was all about embracing fun and unity.

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Shay CPA

OCTOBER 11, 2023

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). Long story short, keeping tabs on your MRR isn’t rocket science, but it does require some work.

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Going Concern

MARCH 11, 2024

New York Times wrote a piece on people who bet on the Oscars and included this bit: Because the outcomes of sports games are unknown before the matches, allowing bets on them is considered less risky than bets on awards shows, whose results are decided in advance. He’s right on that last point tho.

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ThomsonReuters

JANUARY 18, 2024

GAAP and AICPA Accounting professionals are no strangers to the GAAP (generally accepted accounting principles) accounting framework or the industry’s American Institute of CPAs (AICPA), which serves 698,000 members, students, and professionals in 188 countries and territories. 

Account 59

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Withum

FEBRUARY 1, 2023

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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Snyder

AUGUST 10, 2022

” 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.

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