Withum

JUNE 14, 2021

They are on Financial Statement Myths and the Finances of George Washington. My webinar “season” is coming to a brief ending on Thursday with two programs I think anyone would enjoy. I have others scheduled throughout the year, but these are more appropriate for the public and not just accountants.

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Withum

FEBRUARY 22, 2021

“How to Read and Analyze a Financial Statement” is the topic of my next Take A Business Break program at the East Brunswick Public Library on this Thursday Feb. 25 at Noon.

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financial statements 87

Basis 365

JULY 28, 2022

You spend a lot of time analyzing financial statements as a manager or owner of a business. Of course, each statement is essential, but not all statements are equally important. While some financial statements are vital to understanding a company's financial health, others are less important.

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AccountingDepartment

MAY 19, 2021

As a business owner or manager, you likely spend some time generating and analyzing financial statements. However, no two statements are of exactly the same importance. Some financial statements are essential to understanding the financial health of a business while others are less significant.

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FraudFiles

OCTOBER 28, 2021

Financial statement fraud happens is one of the most costly types of fraud. It is a significant problem because people inside and outside the company rely on the information provided in the financial statements. Upper management or company owners are the ones who are usually responsible for financial statement fraud.

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Wendy Tietz

AUGUST 1, 2022

To follow are Chipotle’s four basic financial statements for its most recent year, the year ending December 31, 2021. Please note that all statements have been adapted and condensed for educational use and should not be used […]. Chipotle Mexican Grill, Inc.

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FraudFiles

NOVEMBER 12, 2021

Financial statement fraud impacts any person or organization that has a financial interest in the success or failure of a company. The manipulation of financial statements also affects employees. This is an indirect cost of financial statement fraud, but its impact on companies is direct.

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Wendy Tietz

DECEMBER 3, 2022

Below are links to a crossword puzzle to review financial statement analysis concepts in financial accounting – and links to a word search puzzle to review the same concepts.

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Wendy Tietz

APRIL 28, 2022

Looking for a quick data analytics exercise for financial statement analysis in an introductory accounting class? You can give your students the link for this financial statement analysis dashboard and then ask a series of questions.

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FraudFiles

SEPTEMBER 28, 2022

The manipulation of a company’s financial statements does not occur as often as asset misappropriation schemes like payroll fraud, check kiting, or inventory theft. And the losses from financial statement fraud aren’t readily apparent to most people. Stock price becomes inflated. Investors want their money back.

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FraudFiles

MARCH 1, 2022

Performing analytical review on the financial statements of a company is an important part in the fraud detection process. Financial statement line items compared to one another. Actual financial results compared to budgeted or projected figures prepared before that accounting period.

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AccountingDepartment

JULY 1, 2021

While non-profit organizations are not concerned about showing a profit for investors, these entities still must report financial activities to board members and local, state, and federal tax agencies.

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FraudFiles

JUNE 18, 2021

Tracy Coenen teaches a group about some of the most common red flags of financial statement fraud. More information on corporate fraud is available in Tracy’s book, Essentials of Corporate Fraud.

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financial statements 52

CPA Practice

APRIL 22, 2023

Mike is an army Veteran and an MBA from Baylor University, and is mostly known for: Being the author of two books: The 7 Minute Conversation, and Don’t Be A DUMB Business Owner – both focused on using financial statements to find hidden cash in your business.

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RogerRossmeisl

MAY 5, 2023

Before a business goes on the market, a valuation pro can help address the following critical items: Financial statements. Audited financial statements offer prospective buyers greater assurance than reviews, The post Selling a Private Business?

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RogerRossmeisl

MAY 15, 2023

Valuing a business requires more effort than just plugging numbers from the financial statements into a spreadsheet or artificial intelligence software program. Financial statements, tax returns and marketing materials tell only part of the story.

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RogerRossmeisl

MAY 30, 2022

Financial statements are an important source of data for valuing a business. To help clarify matters, experts often make various adjustments to the financials. But they tell only part of the story. Here are some examples. Here are some examples. Historical data is less relevant if operations are expected to change in the future.

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RogerRossmeisl

FEBRUARY 14, 2023

Challenging the status quo The last three to five years of financial statements are usually on the list of documents experts use to value a business. With some companies, it’s possible to simply take historical financial statements and apply an assumed growth rate into perpetuity.

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BurklandAssociates

MARCH 7, 2023

The deferred revenue schedule is an important tool to manage cash flow and ensure your startup's financial statements accurately reflect its position. The post Deferred Revenue Schedule for Startups appeared first on Burkland.

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RogerRossmeisl

NOVEMBER 13, 2022

So valuators conducting an appraisal might ask management about the company’s internal controls — its policies and procedures to protect assets and ensure reliable financial statements. Gauging fraud risk Business value is a function of risk and return, and one critical risk factor companies face is fraud.

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RogerRossmeisl

FEBRUARY 20, 2023

So, prospective financial statements can be subjective and risky, especially in today’s volatile marketplace. Professional skepticism When evaluating prospective financials, valuators must exercise professional judgment and consider making adjustments where necessary. However, no one can see into the future.

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RogerRossmeisl

MARCH 14, 2021

Plan early to engage a fraud expert to review financial statements and other documents for signs that you could be dealing with a dishonest seller. Subtle warning signs When reviewing a seller’s financial statements, forensic experts look for subtle warning signs of fraud.

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Accounting Today

JULY 7, 2022

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CPA Practice

FEBRUARY 21, 2023

The CAMT imposes a 15% minimum tax on the adjusted financial statement income of large corporations for taxable years beginning in 2023. Large corporations, including insurance companies, with average annual adjusted financial statement income exceeding $1 billion are the taxpayers generally affected by the CAMT, the IRS said.

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RogerRossmeisl

MAY 8, 2022

Many fraud investigations focus on financial statements. Because cash is the most commonly stolen business asset, fraud experts regularly scrutinize statements of cash flow for signs of misappropriation and fraudulent disbursements. Unusual changes Your statement of cash flows shows how cash changed during the year.

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RogerRossmeisl

JULY 17, 2022

The cost (or asset) approach specifically focuses on this part of a company’s financial statements. The balance sheet — which shows a company’s assets and liabilities — is a logical starting point for valuing certain types of businesses. Here’s an overview to help you understand this valuation technique. How does it work?

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SMBAccountant

MARCH 8, 2023

According to Investopedia, tax accounting is “a structure of accounting methods focused on taxes rather than the appearance of public financial statements”. One type of accounting that is well-known is tax accounting. Tax accounting applies to individuals, businesses, and corporations.

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Withum

SEPTEMBER 8, 2022

Audited financial statements are a cornerstone of the financial markets. All publicly owned companies must have audited financial statements that contain a report of the registered independent accounting firm performing the audit. They are used to assist in raising money or obtaining loans.

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VetCPA

JULY 19, 2022

Comparing a business’s key financial ratios with industry standards and with its own past results can highlight trends and identify strengths and weaknesses in the business. Financial statement information is most useful if owners and managers can use it to improve their company’s profitability, cash flow, and value.

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AccountingDepartment

JANUARY 25, 2023

It creates an accurate record of the business's financials that are summarized on its financial statements. The accounting cycle is a multi-step process that involves accepting, recording, sorting, and crediting payments made within a business during a period of time.

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RogerRossmeisl

JANUARY 26, 2022

This financial statement reports “book values” for the company’s assets and liabilities. The cost (or asset-based) approach to valuing a business focuses on the balance sheet. Here’s how the cost approach works and when it might be an appropriate method of valuation.

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SMBAccountant

DECEMBER 21, 2022

Auditors provide opinions on the accuracy and reasonableness of financial statements. Forensic accountants research financial transactions to uncover fraud. There are different types of accountants which specialize in different areas. Managerial accountants work to collect and compile data used to make management decisions.

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RogerRossmeisl

MAY 5, 2022

An experienced business valuation professional considers more than just a company’s financial statements when quantifying its value.

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cpa financial statements 239

Basis 365

JUNE 26, 2022

You need to dive into the financial statements and understand the relationship between the different statements: Profit & Loss, Balance Sheet, and Cash Flow. You need to understand that the statement of cash flow is the most important financial statement for a business because it tells you the source and use of your cash.

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GrowthForceBlog

MAY 25, 2023

7 min read The three essential financial statements that every business leader needs to know how to read and interpret include the balance sheet , i ncome statement, and cash flow statemen t.

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Acterys

FEBRUARY 22, 2023

In this blog, we look at three main reporting types that FP&A teams must use to monitor the financial health and performance of a business. Type 1: Financial Statements Financial statements are a set of foundational reports that provide an overview of a company’s financial position and performance.

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Basis 365

MARCH 23, 2023

A balance sheet is a financial statement that shows your business's assets, liabilities, and equity at a specific time. It's one of the most important financial documents to help you make informed decisions, plan for the future, and secure financing. If your balance sheet isn’t correct, your income statement is incorrect.

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