Sometimes we see trends or patterns and think they are pretty dumb. Maybe even reach the level of stupid. When those dumb things are at a societal level, we need to realize that is the way the world is working and engage the world as it is, not as we think it ought to be. Read the rest of this entry »
Since starting my own CPA firm, the amount of time I spend out of town has dropped dramatically. Yeah! That lets me see air travel through a new perspective. You road warriors are bored with the wonders of the modern era. Read the rest of this entry »
Time to start thinking more seriously about your privacy. One particular online tracking company gathers everything they can about you and accumulates it into a very detailed profile. The cutting edge capacity of one company also aggregates your name and email address. Read the rest of this entry »
I’m reading more articles describing cybertheives hacking a business computer (could just as easily be a ministry computer), gaining access to bank accounts, then wiring money out of the country. Read the rest of this entry »
Review reports will change starting December 31, 2010. Two sample reports follow. Read the rest of this entry »
Compilation reports will change starting December 31, 2010. Some sample reports follow. Read the rest of this entry »
What could you do when there aren’t enough staff to have someone other than the bookkeeper prepare the bank reconciliation? Read the rest of this entry »
Fascinating display at the Reuben Fleet Science Museum in San Diego listing the top 10 causes of death in 1850, 1900, and 2000 caught my interest while on vacation. Focus of their discussion is on the change over time, particularly the change from infectious disease to other causes. Look at this list Read the rest of this entry »
Wish I’d written this: “Where, precisely, do you go in order to get permission to make a dent in the universe?” Seth Godin said that and discusses it further in “Do you need a permit“? To completely restructure his comment for our community — you do not need permission from anyone to change the world for Christ. Go for it!
FASB has an exposure draft out on revenue recognition. This post is a ‘heads up’, not an overall summary. This will be a fairly substantive rule, so if you haven’t heard about it, might be good to take a look. The document has a great summary on the first five pages of the introduction. Read the rest of this entry »
The health care law passed last March requires reporting to employees the cost of health care insurance provided by their employer. The effective date has been delayed one year. Read the rest of this entry »
There are three different levels of service that CPAs can provide when we look at your financial statements. We can provide a compilation, a review, or an audit. What are the differences? I have an article here that goes into some detail. It is an extract from one of my books.
The following post explains the differences visually.