Accounting Best Practices with Steve Bragg

Discover the unique accounting challenges faced by restaurants, including the importance of inventory management to minimize spoilage and theft. Explore specialized expense categories such as music licensing and reservation systems. Delve into the financial hurdles restaurants confront, including tips and employee compensation. Finally, uncover the vulnerabilities to fraud that arise from low wages and high turnover, along with strategies to combat these issues, showcasing the crucial role of accountants in safeguarding finances.

The accounting peculiarities of ship ownership

Some of the felonies that CPAs have committed

Why state boards of accountancy have different ethics requirements

Yes, that's right - wedding gown depreciation

How much wealth can a partner pile up?

Discover the complexities of real estate accounting, including pre-acquisition costs, project expenditures, debt funding, and cost allocation methods. Learn about unique challenges such as time shares, bad debt losses, and debt extinguishment gains or losses. Explore methods to calculate cost of sales, manage uncollectibility estimates, and address lender-borrower profit sharing agreements.

The podcast discusses the decline of CPAs and explores reasons behind it such as challenges in audit quality and fraud detection. It also explores potential solutions for CPA exam preparation, including a switch to international financial reporting standards. The implications of the decline are discussed, including the impact on recruitment practices of top accounting firms and smaller audit firms.

Lots of issues with the accounting for homeowners' associations

Exploring Islamic accounting principles and practices, including zakat payments and the prohibition on charging interest. Delving into sakuk bond issuance and value added statements, discussing complexities in accounting for asset acquisition and lease payments.