Most readers of mine will know that GAAP stands for Generally Accepted Accounting Principles. The term is a bit of a misnomer as they aren’t necessarily “Generally Accepted” until the are prescribed by the Financial Accounting Standards Board of FASB. These rules, GAAP, are required for those companies that are being audited by American CPAs. […]
Archive | Accounting
My Career in Accounting: The State of the Profession
This is the last of four parts about my career in accounting. Here are the four topics: My Career in Accounting: The CPA Exam and Licensure My Career in Accounting: The CMA Exam and the Becker Course My Career in Accounting: Changes My Career in Accounting: The State of the Profession So, what is the […]
My Career in Accounting: Changes
This is the third of four parts about my career in accounting. Here are the four topics: My Career in Accounting: The CPA Exam and Licensure My Career in Accounting: The CMA Exam and the Becker Course My Career in Accounting: Changes My Career in Accounting: The State of the Profession The Big Firms During […]
My Career in Accounting: The CMA Exam and the Becker Course
This is the second of four parts about my career in accounting. Here are the four topics: My Career in Accounting: The CPA Exam and Licensure My Career in Accounting: The CMA Exam and the Becker Course My Career in Accounting: Changes My Career in Accounting: The State of the Profession Shortly after passing the […]
My Career in Accounting: The CPA Exam and Licensure
This is the first of four parts about my career in accounting. The others to follow will be: My Career in Accounting: The CMA Exam and the Becker Course My Career in Accounting: Changes My Career in Accounting: The State of the Profession The first CPA exam was given in New York in 1896. Other […]
Why Once a Month?
Most companies prepare and review financial statements and other financial information once a month. And most of my clients meet with me once a month to review that financial information. But why once a month? The obvious answer is the calendar. Sure, there are weekly reports, monthly reports, quarterly reports and plenty of annual reports. […]
Million Dollar Idea
With all the people and organizations who want time and money from us, how can we decide which people and organizations to spend our time and money with? And, let’s face it, we are constantly inundated with those wanting our time and money. Be it a course, an event, a book to read, a seminar, […]
A Plan for Profit Improvement
In my last blog I discussed the importance of timely and accurate financial statements for your business. This begins with having the right people with the proper training to do the job. But what if you’re getting good financial statements on a timely basis, but the profits aren’t up to your expectations? Then what? What’s […]
Accounting Check-up
There are a variety of reasons for me to be referred into a client. One of the most common is problems with the company’s accounting or the person/s performing the accounting. Often the owner/operator isn’t getting financial information that is timely or accurate. Often, they can’t judge whether the information is accurate, but their intuition […]
The Top Five Financial Problems in Small Business
Everybody seems to like lists so here is my list of the Top Five Financial Problems I find in small businesses. These are issues I see repeatedly when I go into help a small business. The most common problem in small businesses, big businesses, non-profit organizations, everywhere, unequivocally, Number One with a bullet, is…. #1 […]