Accounting Best Practices with Steve Bragg

Jul 9/2020

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?
The ins and outs of real estate accounting
Why are there so few CPAs?
Lots of issues with the accounting for homeowners' associations
The nuances of Islamic accounting
The key accounting issues for car dealerships
Designing a cash duration model
Does your business generate enough cash to grow?
Where enrolled agents come from and what they do
How to structure a chart of accounts to deal with special items
When should you hire a CFO, or just stick with your controller?
The different types of debt, and when to use each one.
Fundraising with the SEC's Regulation A+
How to account for the distribution of licensed music
The nature of hidden reserves
The ins and outs of how to account for life insurance
Is transferring from accounting into the treasury department a good idea?
How to make cash receipt reconciliations more effective.
Differences between the role of a bookkeeper and an accountant
How to streamline Form W-9 processing
Key accounting transactions for trucking operations
How our earlier predictions turned out to be true
The options available for valuing intangible assets.
How to handle pass-through payments to other parties.
When to use intercompany eliminations
What is technical accounting?
How to handle a complete system conversion
What to include in a fixed asset policy
How to construct a long-term cash flow forecast
How to convert from the cash basis to the accrual basis of accounting
Can accountants alter Formula 1 results?
How a SPAC operates
How to account for commissions paid to an agent
What to include in the cost of goods sold
The pros and cons of open book management
How it works and when to use it
Has the pandemic changed consulting?
How useful are bank feeds?
What to do in your first week as a controller.
Accounting for crypto mining revenue and expenses
Best practices for the paperless accounting office
How the position varies for public and private companies
How to make a standard payables email address work
Why we should not use too many policies
The process steps for making the right decision
The three-step process
Why we need quantity and quality measurements
Unique accounting issues
How to record NFT transactions
A new currency called the British Boris?
The characteristics of a successful payables clerk.
Key performance characteristics of the position
Characteristics of the ideal collections person
Unique accounting issues
Unique accounting issues
How to predict solvency problems
How to structure your spare time
How the model works
The need to go deep on the details
Unique accounting issues
How to differentiate between them
Some issues to consider
Unique accounting issues
When to recognize the expense
Dealing with a difficult relationship
How to make your budget more rebust
Unique accounting issues
The best indicators to use
Disclosures and accounting requirements
Suggestions for Improvement
Recent changes
Things to look out for
The joys of nationwide sales taxes
Best practices to consider
Why they should not be reported by accounting
How to recover from fraud
The role of accounting and finance
Unique accounting issues
Rules and reports
The Comprehensive Annual Financial Report
Budgeting
The basis of accounting and the measurement focus
Types of funds
How to use accounting to enhance the customer service experience
What the auditor does during a review
Some thoughts about what to do
Various accounting issues related to SaaS
Unique accounting issues
What to read outside of the accounting standards
An overview
An overview
Unique Accounting issues
How a bank makes lending decisions
Advice on what to do
How the process works
Unique accounting issues
Tricks of the trade
Ways to select the best employees
Unique accounting issues
Improving the effectiveness of your reports
Costing issues to be aware of
Unique accounting issues
How to conduct the integration
Issues to be aware of
What the auditor does in a compilation engagement
Unique accounting issues
Why it can be so unreliable
Unique accounting issues
Underlying principles of revenue management
Covers stolen checks, concealed checks, fake invoices, and more
Issues to consider
Covers fraud schemes related to collusion, theft, and more
Unique accounting issues for coin resellers
Unique accounting issues
Two new ways to sell shares
What it's like to work in the consulting division
The alternatives available
Skimming, fake refunds, receipt alterations, and more
The skills and attributes of a successful audit partner
How artificial intelligence might impact the accounting department.
How to deal with accounting automation
Things to consider before you switch jobs
Why your current set of measures may not be sufficient, and where to look for more
Unique accounting issues
Why ethics can be so difficult for the accountant, and what to do about it
What to do when a subpoena arrives
How a tax audit works and how to mitigate its effects
The intricacies of sales and use taxes
When adding more best practices may not be a good idea
The process for straightening out the books
Types of continuous learning
When and how to use the reserve
Accounting issues faced by contractors
Lessons learned as a new controller
What is the best way to report performance measurements?
The core concepts to remember
Issues to consider
What are the differences?
The techniques to use
The techniques used
Why people alter the financial statements
When to use discounted cash flows analysis, and its advantages and disadvantages
Lease accounting is now more complex
Where the industry might be in 10 years
How to manage working capital
Tips for how to recover transaction fees
When to Upgrade Processes
Best practices for assimilating new hires
Where to search for qualified accountants
Is it worthwhile?
Revenue recognition implications of certain freight terms
Managing the Relationship
Tips for the CFO
High pay for non-management positions
How to ensure that shipments are recorded in the correct period
Making the LCM rule even more complex
Tips for creating a better book
Handling the mid-month financials for both parties
Keeping a close watch on unused or partial purchase orders
Which assets to count and how to do it
How to pick accounting courses and books to improve your knowledge
The steps to take to become a CFO
How to clean up accounting spreadsheets
How to install a cycle counting program
Why the elimination of extraordinary items is good, and why we should delete other reporting, as well
The specifics of being an accounting intern
The option to not recognize certain intangible assets
How to make your case for business improvements
Tips for a higher level of prediction accuracy
Inventory monitoring for difficult inventory items
The new requirement to disclose a going concern issue
Tips for getting an internship
How to decide whether an error is material
Where to look for the latest accounting standard updates
The accounting challenges in a startup organization.
When to provide training and how to motivate the staff
Revenue recognition for contracts with customers
How to segregate accounting duties in a small business
How to account for freight
What a manager expects from a staff accountant
The new accounting standard that allows goodwill amortization
How to gain an understanding of undocumented controls and processes
A look at underlying patterns that govern accounting behavior
Tips on proper use of accruals and deferrals
How to maximize cash from collections
Controls for wire transfers, investments, and loans
How to reduce the risk of petty cash losses
Tips on how to improve the reconciliation of accounts
The pitfalls and possibilities of changing careers
How much systems integration is necessary?
The incremental approach to organizational upgrades
Advice regarding training for your accounting career
Problems with the chart of accounts and account code structure
Whether to obtain an accounting certification, and which one to pursue.
Guidelines for when to write a procedure
When to use a soft close, and to what extent it should be used
Accounting for a business when it is about to be liquidated
Bob Poley discusses the mechanics of intercompany accounting
Why not to use the senior accountant title
The effect of new rule changes on continuing professional education for CPAs
A new standard has been released that addresses how reclassified other comprehensive income items are to be reported
How not to cut expenses
Focusing on cost reduction through cost objects
Dr. Philipp Schaberl discusses required changes to the reporting of other comprehensive income
Making decisions when the business model changes
How to spot valid cost reductions
A conversation with Neil Jennings, CEO of Accounting for International Development
How to refine the use of accounting reports
Issues to be aware of when using net present value analysis
A GAAP rules change for testing intangible assets
How to earn the largest return on a small cash investment
Questions to ask when you evaluate a capital budgeting proposal
Kyriba's Bob Stark discusses supply chain financing
Who should supervise payables, credit and collections
How to create a valuable value proposition for investor relations
The correct structure of the cost accountant position
How to reduce resource usage when accounting for fixed assets
How to spend less time on accounts payable processing
Operating cash receipts with minimal resources
Changes in the rules for the testing of goodwill for impairment
Techniques for customizing your control system
Methods for increasing the results of internal audits
How to account for various types of marketing costs
What to look for in consolidation software
Alternatives to using a budget
Why a budget can be bad for your business
Payroll improvement implementation issues.
Improving payroll calculations and paying employees
How to automate payroll data entry and reduce the number of payroll deductions
How to reduce the amount of payroll data entry
Things to consider before you refinance debt
Ways to improve the relationship with your lender
The many variations on the controller position
A few issues to consider before you dispose of that fixed asset
The FASB gets a sponsor, accounting for drug runners, and putting the clergy on your board of directors.
The difficulty of electing directors under NYSE Rule 452
How to simplify your overhead allocation calculations
National Signing Day... and building relations with customers
The circumstances under which costs can change
New rules about disclosing pro forma information for business combinations
The reporting of loans to participants by defined contribution pension plans
Outright CEO Kevin Reeth discusses their free accounting software
Concur's Chris Juneau discusses employee spend management systems
The pitfalls of switching careers from auditing to industry
Why you should use horizontal analysis instead of variance analysis
CEO Jeffrey Morgan discusses the role of the National Investor Relations Institute, as well as current investor relation issues.
The fixed asset accounting differences under GAAP and IFRS
Patrick Quinlan, CEO of Rivet Software, discusses XBRL tagging
How to recognize revenue under the milestone method
The inventory accounting differences under GAAP and IFRS
John Carroll University's Professor Jerry Weinstein discusses recent changes in the standards for multiple deliverable arrangements.
A conversation with Joseph St. Denis, Director of the PCAOB's Office of Research and Analysis
The right way to reduce expenses
The mechanics of a fund raising road show
The accounting shenanigans that contributed to the downfall of Lehman Brothers
How the Accounting Best Practices show is recorded, and how it has changed over time
Why you do non-deal road shows, and how to survive them
What an investment banker does, what he costs, and how to spot a good one
How to decide if you should record revenue at gross or net
Recording reimbursed expenses as revenue, and why this is a bad idea
Setting up a trading plan under Rule 10b5-1
How to sell restricted stock using Rule 144
Registering stock with Forms S-1, S-3, and S-8; plus shelf registrations
How to decide which products should be cancelled
A review of FASB Statement 165, Subsequent Events
How to use the Regulation A exemption to raise funds in smaller amounts
How to use the Regulation D exemption to raise funds from accredited investors
Type A, B, and C reorganizations, triangular mergers, and reverse triangular mergers
A discussion of the CFO's primary responsibilities, and what not to do.
Setting up a credit policy and administering it
Why a term sheet is useful, and its typical contents
The process for going private, and some pitfalls
How the accounting department can work from home
Various techniques for handling accounts payable matching
Ways to improve the efficiency of your accounts payable operation
Key items to look for in a due diligence review
How to deal with the outside analyst
Describes the controls that can be used during the creation of financial statements
How to issue financial reports to the SEC as fast as possible
Possible controls to install for your budgeting system
How to compile a value for a target acquisition
How to deal with short sellers
Some techniques for creating and issuing better invoices
How to streamline your office
How to improve the accuracy and reliability of your budget model
How to use (and not use) breakeven analysis and the margin of safety
The mechanics of how to list on a major national stock exchange
Greg Prow, CEO of Planitax, discusses tax technology
How to construct a value stream mapping chart, and how it can be used to improve a process
How to locate and dispose of obsolete inventory
How to implement responsibility accounting within your organization
How business combinations are affected by the new SFAS 141R accounting standard
When to issue guidance, and what information to reveal
The Financial Accounting Standards Board has overhauled the coding structure for GAAP
Denise Curd discusses business valuation and SFAS 141R
How to pursue recoveries from suppliers
Dick Crandall explains lean accounting, and where it can be used
How to use safe harbor clauses when making forward-looking statements
How target costing can improve your product margins
How to create a highly accurate inventory record keeping system
Steve discusses how to allocate work to maximize collections.
Steve discusses how to select the best payroll cycle.
Steve discusses a variety of accounting best practices implementation issues, and how to avoid them.
Steve interviews Rich Lanza about using the internal audit staff for profit recovery purposes.
Steve interviews Carolyn Newman, president of Audimation Services, Inc., about IDEA data analysis software.
Steve discusses accounting standards convergence with international accounting standards expert Barry Epstein.
Steve interviews Ralph Nach about FASB Statements 157 and 159, which cover fair value measurements and the fair value option.
Steve interviews Rich Lanza about the mechanics of the profit recovery process.
Steve discusses the types of controls to use for throughput accounting.
Steve discusses the implications of using throughput concepts on a series of financial analysis scenarios.
Steve describes how throughput accounting concepts alter the capital budgeting process.
Steve discusses how to manage a bottleneck operation in order to increase the level of throughput achieved.
Steve discusses the drum-buffer-rope aspects of constraint management, as well as the sprint capacity and throughput concepts.
Steve discusses how to create PDF versions of customer invoices, and how this can reduce collection problems.
Steve discusses how to use a check scanner to send electronic check payments to the bank.
Steve discusses time clocks that incorporate fingerprint scanners and hand shape readers, and in what situations they are most useful.
Steve interviews Mark Nickson, President of Telliris, about timekeeping by telephone.
Steve interviews Joshua Burnett, CEO of 9ci, Inc., about automatic cash application systems.
Steve interviews Ms. Mona Clayton, Partner at PriceWaterhouseCoopers, about forensic accounting investigations, and also discusses logistics measurements.
Steve interviews Ms. Rossana Salaris, Senior VP of The Clearinghouse Payments Company, about their Universal Payment Identification Code, and also discusses sales measurements.
Steve interviews Rich Lanza about profit leaks and recovery auditing, and also discusses metrics for the accounting department.
Steve interviews Harry Cendrowski, co-author of The Fraud Deterrence Handbook and president of Cendrowski Selecky PC, about fraud deterrence.
Ralph Nach interviews Steve Bragg about acquiring a public shell company.
Mark Polino (from Transit Television Network) discusses accounting run charts, and Steve covers return on investment measurements.
Steve discusses operating performance measurements.
Steve interviews Ralph Nach regarding upcoming accounting standards in 2007, and discusses asset utilization measurements.
Steve interviews Rich Lanza regarding how to locate Excel spreadsheet errors, and discusses cash flow measurements.
Steve interviews Ralph Nach regarding accounting in the year 2006, and discusses liquidity measurements.
Steve interviews Ralph Nach regarding the risk assessment suite (part 2) and discusses inventory measurements.
Steve interviews Ralph Nach regarding the risk assessment suite and discusses payroll measurements.
Steve discusses how to improve the speed of the close by compressing the billing process.
Steve discusses how to accelerate several payroll closing activities.
Steve discusses how to improve the closing process by increasing inventory record accuracy.
Steve discusses how to improve the speed of your close by altering the payables process.
Steve discusses how to manage journal entries in order to achieve a faster close.
Steve discusses how to restructure the financial statements in order to improve the speed of the closing process.
Steve discusses how centralizing the accounting function improves the speed of the closing process.
Steve discusses how to close the books fast by shifting work into the preceding month.
Steve discusses how to create a fast close (part 2).
Steve discusses how to shift closing activities into the preceding month (part 1).
Steve discusses controls for fixed assets.
Steve discusses payroll controls for both manual and computerized systems.
Steve discusses accounts payable controls for both manual and computerized systems.
Steve discusses controls for collections and cash receipts.
Steve discusses billing controls for both manual and computerized systems.
Steve discusses controls for shipping.
Steve discusses controls for production.
Steve discusses controls for inventory.
Steve discusses controls for receiving.
Steve discusses controls for expense reports.
Steve discusses controls for purchase orders.
Steve discusses controls for procurement cards.
Steve discusses controls for the credit department.
Steve discusses controls for a computerized order entry system.
Steve discusses controls for a manual order entry system.

Discussions about accounting management, best practices, controls, throughput accounting, and GAAP for the accountant, controller, or CFO.

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