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Taking a Red Pen to Financials for Valuation Purposes

RogerRossmeisl

Financial statements are an important source of data for valuing a business. To help clarify matters, experts often make various adjustments to the financials. The post Taking a Red Pen to Financials for Valuation Purposes appeared first on Roger Rossmeisl, CPA. But they tell only part of the story.

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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. Last, make sure you understand the full terms of service, privacy issues, copyright issues, and other legal ramifications of using AI output.

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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. Not if your Seller’s Hiding Something appeared first on Roger Rossmeisl, CPA. The post Good Acquisition?

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Friday Footnotes: PwC Completes Its Punishment; Hybrid Work Should Stay in 2025; Deloitte Clutters Up the Dark Web | 1.3.25

Going Concern

The series is called Journeys of Accountancy and features accountants who, for example, work for a CPA firm specializing in the legalized cannabis industry in California, an accounting software company that serves the funeral industry, and a company that provides compliance services to the gaming industry.

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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. Financial Statements Use the accrual basis to prepare your financial statements to match your revenue with expenses.

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Should Tax Planners Work with Family Offices? How Family Offices Work

CTP

Many large CPA firms offer financial advisory services including family office services for high-net-worth families. In addition to helping implement a budget, you may also be asked for advice on financial decisions. On the tax filing and compliance side, you might produce financial statements for that family on a regular basis.

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Friday Footnotes: Ex-CPA Leaves Clients in the Lurch Before Tax Day; EY Layoffs; More ERC Concerns | 4.12.24

Going Concern

electric carmaker Tesla, has failed to properly reflect fines in its financial statements and was issued a “qualified opinion” from an accounting firm on April 10. billion won in corporate taxes, but its management team recorded the amount as a receivable in its financial statements. Tesla Korea was subjected to 25.1

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