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The Cost Approach to Valuing a Business

RogerRossmeisl

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.

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Financial Audit Preparation Steps: Expert Tips for An External Audit Process 

Withum

Engage a qualified CPA firm and align on prioritization of financial statement areas for GAAP compliance. Focus on GAAP Compliance Review your accounting policies to ensure they align with Generally Accepted Accounting Principles (GAAP). Build a timeline that aligns with your reporting deadlines.

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How to Use the Cost Approach to Value a Business

RogerRossmeisl

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. Use of historic cost. Over time, historic cost may understate market value for appreciable assets, such.

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Changes to Lease Accounting Rules (ASC 842)

SMBAccountant

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.

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Early Revenue Recognition: Not Just Bad Accounting, But Fraud

RogerRossmeisl

To comply with Generally Accepted Accounting Principles and preserve your company’s reputation, you must prevent such activities on your watch. The post Early Revenue Recognition: Not Just Bad Accounting, But Fraud appeared first on Roger Rossmeisl, CPA.

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CPA Firm Management Expert Michael Hsu Wants to Help Elevate Your Practice

CPA Practice

A professional education company called MEASURE x HACK , says it wants to free 1 billion people to live their life by using data and systems, announced a ground-breaking release of an accountant-exclusive, online Bootcamp named “ From CPA to CFO – 6-Week Bootcamp to Elevate Your Practice ”. In 2009, W. The new course includes over 6.5

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What You Should Expect from Your CPA During an Audit |For Privately Held Companies

LSLCPAs

Most CPA firms perform audits in accordance with Generally Accepted Accounting Principles (GAAP). During an audit, your CPA will perform a test of your […]. The post What You Should Expect from Your CPA During an Audit |For Privately Held Companies appeared first on LSL CPAs.

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