Accounting Best Practices with Steve Bragg

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.

The key accounting issues for car dealerships

Dive into effective strategies for managing cash flow during tough financial times. Discover the importance of assessing cash reserves with detailed models. Learn how to optimize cash flow predictions by using weekly time buckets for improved accuracy. Engaging discussions encourage listeners to take an active role in understanding and enhancing their financial management skills.

Does your business generate enough cash to grow?

Where enrolled agents come from and what they do