The term “certified public accountant” (CPA) refers to an accounting professional who has fulfilled the education, examination, and experience criteria to be licensed by a state board of accountancy. You must pass an exam proving you have the technical expertise required to offer services for financial accounting, auditing, financial reporting, attestation, regulations, business settings, and […]
You must first pass the Uniform CPA Exam if you intend to become a certified public accountant (CPA). It is not a simple task. You have four hours to complete each of the four areas of this standardized test: Financial Accounting and Reporting, Business Environment and Concepts, Regulations and Auditing and Attestation. You must complete […]
Artificial intelligence (AI) is transforming accounting, from identifying record-keeping inaccuracies to forecasting future spending. Clients want to adopt it, and accounting firms want to make it available to them. However, they both require individuals who understand the technology and can assist in its implementation. Accounting AI application has been developing for some time, but the […]
We have a client whose accounting activity functioned for years under the direction of non-accounting management, not uncommon among smaller privately owned companies whose limited resources often put accounting last on the shopping list. In this case, as we began working together, the primary obstacle was the difficulty in making sense of their financial statements. […]
Errors can occur whether data input is being done manually or through an external source. Microsoft Excel’s conditional formatting makes it easy to quickly determine whether duplicate data exists. You may have information on clients, locations, suppliers, or other entities where duplicate data can be problematic. However, duplication could be a problem if your data […]
The rise of remote work has been one of the most significant changes to the workplace in recent years. While some companies may have been hesitant to embrace remote work in the past, the COVID-19 pandemic has forced many to shift to a remote work model. While remote work has its challenges, there are many […]
Are CPE resources only good for the CPAs? Most are probably not – In fact, CPE courses and free live webinars tick all the boxes that an ideal training program manual for CFO & Controller organization would have; specialist instructors, tested, reviewed, and updated content, and the coverage of both soft and hard skills. Bingo! The only challenge left […]
A question was raised in a client review meeting recently that reminded me that some financial terms – these two in particular – are often not as clear to non-financial managers as they should be. So this post seemed like an excellent opportunity to provide some clarity. Gross Profit? Contribution Profit? What’s the difference? Why […]
What if I gave you the balance sheet, and the notes to the financial statements of a company like Apple or Tesla, and asked you to come up with three to five major insights over the course of the next hour? Finance and accounting professionals tend to be well familiar with the concept of what […]
Most accountants and other financial professionals are familiar with using Microsoft Excel, and other electronic spreadsheet programs, to record and calculate data. Excel proficiency, however, can vary widely from person to person. To get the most out of this useful business tool, accountants and other financial professionals should consider adding webinars and courses that focus […]
