Accounting Best Practices with Steve Bragg

The accounting process behind tariffs.

What accounting training is essential for a CFO? New CFOs transitioning from finance must grasp foundational concepts to interpret financial statements effectively. Key responsibilities include ensuring financial accuracy, implementing controls, and mastering industry-specific accounting details. For CFOs in public companies, mastering financial statements and managing investor inquiries is crucial. The episode stresses the importance of continuous education and utilizing relevant resources to navigate the changing accounting landscape.

Why the CPA firm business model causes so much employee turnover

Dive into the intriguing world of accounting as the discussion unveils the key differences between U.S. and U.K. GAAP. Discover how asset revaluation policies differ across the two systems and why UK GAAP offers more flexibility than its U.S. counterpart. Learn about unique practices in capitalization and how intangible assets are treated differently. The episode highlights the rigorous standards of U.S. GAAP, making this comparison a must-listen for accounting enthusiasts!

A new year's resolution that might actually work.

Changes in the accounting for crypto assets

How to account for carbon credits

The options for how to account for trade spend

How to recognize revenue from non-monetary gifts

The specifics of how to account for patents