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. [...]

Tax Reform Update

Tis the season to battle it out on The Hill.  You may have heard about a little thing called Tax Reform. Well, the House of Representatives passed its version of the tax reform bill a few weeks ago. Recently, the Senate passed its version and, shockingly (sarcasm inserted here), they do not match. Both houses [...]

By |2022-08-22T01:02:48-07:00December 7th, 2017|General Tax And Accounting Information|0 Comments

How Businesses Should Account for Liabilities

Nobody likes debt, but it’s often an inevitable part of a company keeping its doors open for business. In this post, we’ll cover how businesses should account for liabilities. We’ll provide the two types of liabilities most businesses incur, along with three examples -- and we’ll show you how a business should account for them. [...]

By |2021-07-16T00:28:03-07:00December 3rd, 2015|accounting|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 |2022-08-23T22:38:33-07:00July 15th, 2015|cpa, accounting, cost accounting|0 Comments

Seven Cases to Read Before Writing Your Next Valuation Report

“Valuation report writing is a lot more challenging than we think,” says former IRS official Howard Lewis (International Society of Business Analysts and RiskGuidance Co. LLC). Speaking at the recent NYSSCPA Business Valuation Conference in New York City, he observed that valuation report writing and report review is an overlooked subject that deserves more attention. [...]

By |2021-07-15T22:15:42-07:00October 6th, 2014|General Tax And Accounting Information|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 |2021-07-15T23:10:20-07:00August 28th, 2014|business valuation, cpa, cfe|0 Comments

Update on Apple vs. Samsung – Apple’s experts rationalize $2.2 billion claim

Rumor had it that Apple would ask for about $2 billion in lost profits and reasonable royalty from Samsung for infringing five of Apple's patents having to do with features such as "slide-to-unlock," universal search, and automatic word correction. Trial observers recently got to hear Apple's damages expert Christopher A. Vellturo (Quantitative Economic Solutions LLC) [...]

By |2021-07-15T21:57:34-07:00July 15th, 2014|General Tax And Accounting Information|0 Comments
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