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How to Use ChatGPT to Analyze Financial Statements

CPA Practice

AI tools like ChatGPT can be used to streamline financial statement analysis and other client accounting service tasks. Here’s an example of what it can do with an income statement. Seek Professional Help: Accountant: Get a detailed financial analysis to identify other possible cost saving opportunities.

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Good Acquisition? Not if your Seller’s Hiding Something

RogerRossmeisl

Unfortunately, you can’t afford to ignore the possibility that your acquisition target is hiding something — possibly something that will have negative financial and legal implications after the deal is complete.

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Financial vs Tax Accounting

SMBAccountant

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

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Statutory reporting: An overview

ThomsonReuters

Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. ← Blog home In the industries of business and finance, statutory reporting is a cornerstone of transparency and compliance.

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How to Improve Law Firm Profitability: Optimize Operational and Financial Metrics 

Anders CPA

With rare exceptions, the practice of law is a business, and legal services are a product. Improving Profitability as a Law Firm Legal work is often viewed as a series of customized, one-off solutions. To improve law firm profitability, think of your firm as a manufacturer.

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Tech Startup Accounting Insights From A Y Combinator Company

inDinero Tax Tips

When youre building a tech startup, accounting probably doesnt feel very exciting. But, as a Y Combinator funded company and referral partner, weve noticed a pattern: promising startups regularly fail because of poor financial management. Is Your Business Financially Ready to Raise Funding? Accrual accounting is a bit trickier.

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Monday Morning Accounting News Brief: Firms Fight Back on Public Metrics; A Rejection or a Blessing? | 1.6.25

Going Concern

While I have you, allow me to ask you to take our 2025 Predictions for the Accounting Profession survey — it’s quick, simple, and we don’t want your email. FT : Accounting firms say the metrics tell investors little about whether an audit is being done well and are likely to be misunderstood without additional context.