cpa

Top 5 most interesting facts from ACFE 2018 Report to the Nation

Every two years the Association of Certified Fraud Examiner releases a study on fraud in their Report to the Nation. The 2018 report was recently released and I found the following facts to be very interesting. Over $7 billion in total losses. This number continues to increase.   A majority of the victims recovered nothing. [...]

6 Causes of Extraordinary Gains and Losses in Business

Many businesses report unusual, extraordinary gains and losses in addition to their usual revenue, income and, expenses. Recording a gain increases an asset or decreases a liability, while recording a loss decreases an asset or increases a liability. When a business has recorded an extraordinary gain or loss during the period, its income statement is [...]

By |2016-05-17T18:08:18-07:00May 17th, 2016|cpa, cpa blog|0 Comments

Measuring The Value Of Cost Accounting For Manufacturing Companies

In order to control internal operations and make sound business decisions on behalf of their business, managers need pertinent information on which to base their decisions. When it comes to manufacturing, most organizations use complex accounting and data systems to manage inventory and track raw materials, production, labor hours, maintenance and repairs, storeroom supplies and [...]

By |2019-06-27T13:11:39-07:00July 15th, 2015|accounting, cost accounting, cpa|0 Comments

How To Measure Business Success Using the Balanced Scorecard Model

Many businesses (as well as tax professionals) are very good at compiling financial information. Most have decent systems in place to gather, compile, and summarize the financial information collected. Yet, many times, unfortunately, it is the only set of metrics that organizations use to determine their success. Finance is only one piece of the story [...]

By |2019-06-27T13:11:39-07:00June 30th, 2015|accounting, cpa|0 Comments

Weighing the Pros and Cons Of Holding Foreign Real Estate – It’s Not For Everybody

If you have ever thought of owning foreign real estate, but have doubts of its merits, this post is going to outline some of the primary benefits that ownership of offshore real estate entails. It will also shed some light on the common pitfalls that Americans may encounter when acquiring offshore real estate. Whether foreign [...]

3 Stages of a Real Estate Development Project and Accounting Implications

Accounting for real estate development projects under generally accepted accounting principles (GAAP) demands knowledge of regulatory requirements from various accounting bodies; bodies like the Accounting Principles Board, Emerging Issues Task Force, Financial Accounting Standards Board, and American Institute of Certified Public Accountants (AICPA), to name a few. The costs accrued with the development of a [...]

By |2019-06-27T13:11:39-07:00May 18th, 2015|cpa, cpa blog, real estate cpa|0 Comments

Court Finds ‘Market Value Concept’ Requires Flexibility

Marcus v. Quattrocchi, 2014 U.S. Dist. LEXIS 19041 (Feb. 4, 2014) In an estate and trust case featuring a major real estate family, the plaintiff beneficiaries retained two experts to prove damages resulting from the alleged improper depletion of trust assets by way of an investment company in which the defendants had a stake. In [...]

By |2014-08-28T22:48:47-07:00August 28th, 2014|business valuation, cfe, cpa|0 Comments
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