article thumbnail

Financial Statement Fraud: Don’t Believe Everything You Read

RogerRossmeisl

Financial statements are central to understanding any business. A public company’s balance sheet, income statement and cash flow statement enable investors, lenders, the media and other stakeholders to value the company, forecast short- and long-term performance, and determine potential credit risk, among other purposes.

article thumbnail

Using Financial Statements to Value a Business

RogerRossmeisl

The starting point for a business valuation is generally the subject company’s financial statements. Here’s an overview of how historical financial statements can serve as the basis for a valuation professional’s conclusion under the cost, income and market approaches.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hidden Levers in Your Financial Statements

Summit CPA

Did you know there are hidden business levers in your financial statements? By fully understanding your financial statements inside and out, you can identify methods to alter your business cash flow. That’s right.

article thumbnail

2024 SEC Filing Deadlines and Financial Statement Staleness Dates

Cherry Bekaert

Financial statement issuers must assess many items when planning to file a registration statement with the U.S. Securities and Exchange Commission (SEC), including which financial statements are required to be included in the registration statement. Rule 3-12 has a filing calendar for U.S.

article thumbnail

Simplify Your Business Finances with Dedicated Bookkeeping Services

Fincent’s services offer a comprehensive solution to streamline your financial operations. With personalized, dedicated bookkeepers and controllers, our platform ensures accurate monthly books and financial statements delivered by the 10th business day of each month.

article thumbnail

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. By Sandi Smith Leyva. An important reminder is that your data needs to be anonymized before entering it into any generative AI application.

article thumbnail

Accountants make me laugh (without meaning to): financial statements

Accounting Insight

Balance Sheet Companies are required to prepare a certain number of documents called financial statements. To be fair, before computers were invented, the books (a term that accountants use for accounting records) had to be balanced and a trial balance was prepared before completing financial statements. Cash never flows.

article thumbnail

Be an Odd Duck: Work on, Not in Your Public Accounting Practice

Speaker: Tom Bowman, CPA of Bowman & Company

It is possible to run an Accounting Firm and never do tax returns or financial statements! They get wrapped up in production work and never take the time to manage, grow and promote their practice. Tom Bowman, Owner of Bowman & Company, CPA, PC shares his journey and 10 step process for going from Technician to Business Owner.