Podcasts about financial statements

There are times as a QuickBooks ProAdvisor that you might want to entertain other options, either temporary or permanently.Lynda Artesani and Sarah Prevost join the panel to discuss the differences between QBO and Xero for those that might be looking to add Xero to their suite of supported offerings.Learn about Xero: https://xero5440.partnerlinks.io/80w3795vt0k0-nx0cimCPE offered through Earmark. There is no Live CPE for this Webinar, however you can check out the Prior CPE eligible sessions here: https://bit.ly/QBPHCPE QB Power Hour is a free, biweekly webinar series for accountants, ProAdvisors, CPAs, bookkeepers and QuickBooks consultants presented by Matthew "Spot" Fulton and Dan DeLong who are very passionate about the industry, QuickBooks and apps that integrate with QuickBooks.Watch or listen to all of the QB Power Hours at https://www.qbpowerhour.com/blog  Register for upcoming webinars at https://www.qbpowerhour.com/00:00 Introduction to Earmark App and Course Enrollment01:07 Welcome to QB Power Hour Webinar Series01:42 Today's Topic: Is the Grass Greener at Xero?02:31 Meet the Guest Speakers: Sarah Prevost and   Artesani04:47 Discussion on QuickBooks and Xero15:05 Intuit's Changes and Their Impact25:28 Exploring Xero's Features and Support36:02 Xero's Bank Feed and Reconciliation38:02 Discussing Xero Payroll Capabilities38:46 Reconciliation Process in Xero41:04 Exploring Xero's User Interface41:54 Bulk Work and Cash Coding in Xero43:14 Mobile App Enhancements43:34 Customizing Chart of Accounts45:08 Financial Statements and Reporting47:41 Time Tracking and Project Management51:03 Find and Recode Tool53:02 Xero Pricing and User Management55:31 Xero App Store and Integrations57:06 Certification and Training for Xero58:59 Comparing Xero and QuickBooks01:01:37 Merchant Services and Inventory Management01:03:43 Final Thoughts and Closing Remarks

The Marine Corps is DoD only military service that's managed to pass a financial statement audit. But the way it's gone about it isn't the sort of thing you'd want to do over the long term. The current process is expensive, time consuming, and filled with manual work arounds, but officials say they recognize those issues, and the next step is to make those successful audits more sustainable details now from Federal News Network's Jared Serbu. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This episode is a compilation of answers to YOUR questions that were asked directly from my listeners who attend my weekly business education YouTube live webcast. Topics covered include: How good is ChatGPT at analyzing financial statements, What do you look at first when analyzing a stock, Most painful lessons you've had in investing and more. Refer to chapter marks for a complete list of topics covered and to jump to a specific section. Download my free "Networking eBook": www.harouneducation.comAttend my weekly YouTube Live every Thursday's 8am-11am PT. Subscribe to my YouTube Channel to receive notifications. Learn more about my MBA Degree ProgramConnect with me: YouTube: ChrisHarounVenturesCompleteBusinessEducationInstagram @chrisharounLinkedIn: Chris HarounTwitter: @chris_harounFacebook: Haroun Education Ventures  TikTok: @chrisharoun300

Welcome back to The Dental Boardroom Podcast with Wes Read.In this follow-up to our previous episode on structuring your Profit & Loss (P&L) statement, we dive deeper into the how of using your financials strategically.This episode walks you through 10 essential questions—or rather, areas of focus—to ask each month when reviewing your financial statements. These questions will help you uncover trends, evaluate performance, and guide your practice toward long-term financial health.Wes also breaks down how to align your collections with personal financial goals like retirement and financial independence. He shares real-world advice on navigating fluctuations in revenue and expenses.Whether you're a seasoned practice owner or new to analyzing financials, this episode is packed with actionable insights that will help you become a more financially empowered business owner.Key Points:How to read your P&L like a narrative, not just a spreadsheetMonthly collection tracking: comparing last month, YTD, and last yearHow to know if you hit your goals-based breakeven pointStrategies for consistent collection growth through marketing and operationsIdentifying outlier expenses and validating through the general ledgerWhy your practice financials should align with your life visionQuestion 1: What were my collections last month and year-to-date (YTD), and how do they compare to last year? Understanding variations in collections and what they indicateQuestion 2: Did I reach my goals-based breakeven point for the month and year? The importance of setting and measuring against personal financial goalsQuestion 3: How can I grow my collections consistently? The role of marketing, operations, and planning in revenue growthQuestion 4: Do any expense categories look too high or too low? How to review the general ledger to validate expensesMindset: Be intentional about aligning your practice's performance with your life goals.#DentalBoardroomPodcast #WesRead #DentalFinance #ProfitAndLoss #DentalPracticeManagement #FinancialPlanning #PracticeOrbit #DentalBusiness #DentalCFO #CollectionsGoals #DentalGrowth #PlanAndProfit #FinancialIndependence #DentistLife

IASB Member Bertrand Perrin joins IASB Executive Technical Director Nili Shah to discuss: Business Combinations—Disclosures, Goodwill and Impairment; and Climate-related and Other Uncertainties in the Financial Statements.

Join hosts Nicole Harger and Adam Olsen as they explore the complex world of tariffs in this episode of Accounting Matters. Discover how global trade policies and tariffs are reshaping financial statements, supply chains, and pricing strategies. From the hardest-hit industries to strategic mitigation tactics, this episode provides valuable insights for navigating today's dynamic trade environment. Packed with in-depth analysis, it equips you with the knowledge to stay ahead in the financial landscape.

Today on the podcast you'll hear the audio version of our brewery financial round table meeting. This month we focus on how to how to analyze your financial statements to unlock profitable opportunities.  In our monthly workshops, brewery owners and managers share ideas and best practices to improve profits and cash flows. To join our membership or learn more, visit the Beer Business Finance Association. SummaryHow to use financial trend analysis to spot problems with gross marginsSimple break-even analysis toolsTactics to present the income statement on a "per barrel" basisResourcesGet the free brewery financial training newsletterLearn more about our network of brewery owners and managers

Every Wednesday we release our all new “HALO Academy: 2 Minute Drill" by Integrity Square Founder & HALO Talks host, Pete Moore on everything you need to know for financial literacy, unit economics, legal documents used for M&A and capital raises, capital sources you can access, understanding how financings are structured, valuation metrics and parameters, and what you need to know about your own business before engaging in cap raises and/or a potential sale. If you missed our email about this, you can re-read it here: https://mailchi.mp/9567da51c0ce/2025programschedule  ====================================================== RESOURCES  https://www.integritysq.com https://www.halotalks.com https://www.thehaloacademy.com  =================================================== ABOUT YOUR INSTRUCTOR  Pete is the Founder, Managing Partner and Chief Dream Architect at Integrity Square ("ISQ"), a leading boutique financial advisory firm focused on the $4.7T Health, Active Lifestyle, Outdoor ("HALO") sector. Since founding ISQ in 2010, the firm has played an active advisory role in 100+ mergers & acquisitions, private placements and advisory assignments across North America. Pete Moore and his team have also invested in passionate entrepreneurs at HigherDOSE, XTEND, and Promotion Vault. ISQ's media and "live education" properties include HALO Talks, the leading B2B podcast in the sector, Time To Win Again, and the HALO Academy, an Executive Education Bootcamp Series.  Prior to ISQ, Pete was Head of the Active Lifestyle & Wellness Group at Sagent Advisors (2003-2010.) Prior to 2003, Pete was co-founder of FitnessInsite, a SasS sales management platform with 1500+ clients (based in AZ.) At FitnessInsite, Pete invested his personal capital, leveraged his credit cards and learned what it takes to manage a startup. Pete built his business and financial acumen on top of the foundation laid at three critical positions early in his career: Senior Associate at Brockway Moran & Partners, the private equity owner of Gold's Gym International, Inc; worked as an Associate at Donaldson, Lufkin & Jenrette; and an Analyst at Chase Securities. (Now JP Morgan.)  ISQ saw a need for a deeper & more useful level of education in the HALO sector. In response, we launched the HALO Talks podcast, with 500+ completed interviews and over 120,000 downloads. HALO Talks has become a “must listen” for anyone working or investing in the sector. Pete graduated from Emory University (BBA, 1994) and received his MBA from Harvard Business School (1999.) While at HBS, he co-founded IRON PLANET, the leading B2B auction site for used heavy equipment, which was sold to Ritchie Bros for $758 million. His hobbies include: Football, basketball, tennis, podcasting, amateur ventriloquism, pro bono DJ and fitness enthusiast.

Just as we were about to record, Tottenham's financial results dropped, along with Daniel Levy's statement... Learn more about your ad choices. Visit podcastchoices.com/adchoices

Key Takeaways: The Three Financial Statements Matter – Businesses use three main reports: the balance sheet, the income statement, and the cash flow statement. Each one tells a different part of the financial story. The Income Statement Shows Profitability – This report tracks how much money a business makes (revenue), what it spends (expenses), and whether it made a profit or loss over a specific time. The Balance Sheet Shows What a Business Owns and Owes – It lists assets (what the business owns), liabilities (what it owes), and equity (the owner's share). This gives a snapshot of the company's overall financial strength. The Cash Flow Statement Tracks Money Movement – This statement shows how money moves in and out of the business, covering operations, investments, and loans. A business can be profitable but still struggle if it doesn't manage cash flow well. Financial Knowledge is More Important Than Ever – Understanding these reports helps business owners make smart decisions, avoid financial trouble, and plan for the future in today's changing economy. Chapters: Timestamp Summary 0:00 Introduction to Financial Statements 0:35 Income Statement Overview 1:55 Importance of Balance Sheet 3:34 Understanding Cash Flow Statements 4:29 Importance of Balance Sheets for Investors and Business Owners   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

In this episode of Corporate Finance Explained, we break down the fundamentals of financial statement analysis—a vital skill for corporate finance professionals, investors, and business leaders.We start by exploring the three core financial statements:Income Statement – Reveals a company's profitability by detailing revenues and expenses over a specific period.Balance Sheet – Provides a snapshot of the company's financial position, outlining assets, liabilities, and shareholders' equity.Cash Flow Statement – Tracks cash inflows and outflows to assess liquidity and financial stability.Next, we dive into key analysis techniques, including:Ratio Analysis – Evaluates profitability, efficiency, and solvency using financial ratios.Trend Analysis – Identifies patterns over multiple periods to assess financial trajectory.Vertical & Horizontal Analysis – Helps compare financial data as percentages or across different timeframes for better context.Key Takeaways:Understanding financial statements is crucial for assessing a company's financial health.Applying analysis techniques like ratio and trend analysis uncovers insights into profitability, liquidity, and efficiency.Regular financial statement analysis enables better decision-making for both internal teams and external stakeholders.

IASB Chair Andreas Barckow and IASB Vice-Chair Linda Mezon-Hutter join IASB Executive Technical Director Nili Shah to discuss: Financial Instruments with Characteristics of Equity; Intangible Assets; Amortised Cost Measurement; and the IASB–ISSB meeting on Climate-related and Other Uncertainties in the Financial Statements.

In this episode, Scott Becker discusses Carvana's recent stock decline and questions the company's financial transparency, comparing its earnings management tactics to past corporate strategies.

In this episode, Scott Becker discusses Carvana's recent stock decline and questions the company's financial transparency, comparing its earnings management tactics to past corporate strategies.

“Consolidation. A  lot of people don't know exactly what it is. They think that it's just an aggregation of numbers. Like you just add numbers, but it's more technical than that. Most of the time when we are talking about consolidation, it's international big groups that have subsidiaries around the world. Consolidation is the process of converting those financial statements normally built locally, because they have to be compliant with the local requirements and be compliant with the GAAP of the group.” Charaf Bourhalla has been Head of Consolidation at Nestle Skin Health, Vimian Group and Edify Investment Partner.  He holds several key certifications, including the FMVA from CFI, ACCA with a focus on IFRS, and the PMP from PMI. His posts on LinkedIn reach millions of people explaining complex topics simply such as IFRS 10 – Consolidated Financial Statements, AS 16 – Property, Plant and Equipment and AS 1 – Presentation of Financial Statements. In this episode: From years of struggle, to Kimberly Clarke as a reporting analyst to entering a pharma company as business controller  13-year tenure as a consultant developing a deep understanding of IFRS, USGAAP, French GAAP, and IPSAS,  3 Jobs as Head of Consolidation including Nestle Skin Health with 70 subsidiaries around the world Simplifying complexities of financial consolidation and non financial KPIs Secrets to working with FP&A for consolidation and forecasting and building a mid-term plan Continual training for teams in subsidiaries  Technology and complexity changing the consolidation game How Charaf called in when a company found itself consolidating more than 70  legal entities using Excel Not to pick consultants with partnerships with only one provider  Connect with Charaf on LinkedIn: https://www.linkedin.com/in/charaf-bourhalla-04760a1b/

Satish Grampurohit, CEO and Co-Founder, CogniquestDisclosure: Cogniquest is a Cedar-IBSi Capital portfolio company. It is a context-aware AI platform with the ability to capture key data points and generate actionable insights from complex documents and information repositories. Robin Amlôt of IBS Intelliigence speaks with Satish Grampurohit, CEO and Co-Founder of Cogniquest about how AI can make the KYB process faster, more efficient and more transparent for both businesses and banks. Quite simply, AI-powered document intelligence can cut the time taken in the KYB process from several weeks to just a few days.

Navigating the complex terrain of financial statement reporting and income tax disclosures is a major challenge for companies as they face heightened regulatory scrutiny and evolving standards. The Financial Accounting Standards Board (FASB) continues to introduce significant updates, including ASU 2023-09, which requires greater transparency and more detailed reporting of tax provisions. These changes reshape how companies present their tax positions within financial statements, emphasizing the need for robust systems and strategies to manage increased disclosure requirements.As organizations continue adapting to these standards in 2025, understanding tax provisions and their implications remains essential for maintaining compliance and demonstrating financial integrity.In this episode, Brooks Nelson, Partner and Strategic Tax Leader and Sarah McGregor, Tax Director, are joined by William Billips, Tax Partner, and Lisa Macri, Tax Director. Together, they explore key tax legislation updates from 2024 and strategies for navigating the road ahead.  This discussion is crucial for finance professionals seeking to build on last year's adjustments and ensure their organizations remain prepared for the evolving landscape of tax reporting.Listen to learn more about: 03:30 – Understanding ASC 74004:25 – Common challenges with ASC 74005:44 – Upcoming changes with ASU 2023-0907:21 – Rate reconciliation and disaggregation requirements08:33 – Preparing for ASU 2023-09 implementation09:32 – Transferability of energy credits10:45 – Acquisitions and dispositions key considerations11:50 – Pass-through entities and tax reporting14:20 – Anticipating future tax law changes16:37 – Planning for legislative changes Related Guidance Newsletter: The Rundown: Fourth Quarter 2024 GuideArticle: Unlocking Opportunities: The Evolving Market for Clean Energy Tax Credits

The Funding Formula: Raj Tulshan's BLUEprint for Business LoansSecuring business funding can feel like navigating a financial maze, but what if there was a formula to simplify the process? In this episode of The Business Chop, host Audrey “Tech Diva” Wiggins sits down with Raj Tulshan, founder of Loan Mantra, to uncover the secrets of business financing. Raj shares expert insights on how small business owners can access capital, avoid common loan application pitfalls, and leverage technology to streamline the process. Whether you're looking for working capital, expansion funding, or real estate financing, this episode is packed with valuable advice to help you secure the right loan for your business.Episode Highlights✅ Why Small Businesses Struggle with Financing – Understanding the common roadblocks entrepreneurs face when applying for loans. ✅ Loan Mantra's One-Stop Solution – How technology is revolutionizing small business lending. ✅ The Funding Formula – Key steps to building a financial narrative that lenders trust. ✅ Accessing the Right Capital – Breaking down traditional SBA, MCA, and other lending options. ✅ The Importance of Financial Storytelling – Why your business history matters when applying for a loan. ✅ AI & Fintech in Lending – How artificial intelligence is shaping the future of business financing. ✅ Pro Tips from Raj – Practical advice to improve your chances of securing a business loan.Contact Raj Tulshan at loanmantra.comSend us a message Buzzsprout - Let's get your podcast launched!Start for FREEDesignrr for eBooks, BlogsCreate eBooks, Blogs, Lead Magnets and more! Riverside.fm Your Own Virtual StudioProfessional Virtual StudioAltogether Domains, Hosting and MoreBringing your business online - domain names, web design, branded email, security, hosting and more.Digital Business CardsLet's speed up your follow up. Get a digital business card.Small Business Legal ServicesYour Small Business Legal Plan can help with any business legal matter.Get Quality Podcast Guests NowKeep your podcast schedule filled with quality guests from PodMatch.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showPlease Rate & ReviewTo work with Audrey visit Altogether Marketing LLC

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Key Takeaways: Master Your Income Statement: Regularly review it to ensure your business earns more revenue than it spends. Understand Your Balance Sheet: It's a vital snapshot of your assets, liabilities, and equity, helping you evaluate financial health. Monitor Cash Flow: A positive cash flow statement signals strong financial management and liquidity. Combine Reports for Clarity: Analyze the income statement, balance sheet, and cash flow together for a complete financial picture. Strategic Investments: Use insights from your balance sheet and cash flow to make decisions that boost shareholder value. Chapters: Timestamp Summary 0:00 Understanding Financial Statements to Boost Business Value 1:30 Understanding Income Statements for Financial Health 2:51 Rethinking Balance Sheets for Business Growth 4:38 Balancing Assets, Liabilities, and Equity for Business Growth 6:11 Understanding Financial Statements for Better Business Management 8:08 Leveraging Real Estate for Business Financing and Cash Flow 9:35 Understanding Balance Sheets, Cash Flow, and Investment Strategies 11:13 Understanding Financials to Enhance Business Profitability and Growth 12:38 Investment Risks and the Importance of Professional Advice   Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

In this episode of Confessions of a B2B Entrepreneur, Tom Hunt sits down with Nick McLean, a partner at Four Pillars Investors, a private equity firm that buys companies between 20 and 100 million dollars in revenue. Nick shares his journey into private equity, the challenges he faced breaking into the industry, and how he built his own firm focused on acquiring and scaling businesses. He discusses the importance of understanding the numbers, building relationships, and developing a sophisticated sales and marketing approach. This episode is a must-listen for any entrepreneur looking to sell their business or scale their company to new heights.

Watch the YouTube version of this episode HEREAre you a law firm owner who is looking for some advice when it comes to the company's finances? In this episode of the Maximum Lawyer podcast, Tyson Mutrux engages in a thought-provoking discussion with Brian Feroldi, a seasoned expert in stock picking and financial statement analysis. The conversation centers around the importance of understanding financial statements and how this knowledge can be particularly beneficial for law firm owners.Brian delves into the importance of financial education for those in the legal field. For law firm owners, it is important to understand how to create financial statements and what it means for a business as it relates to determining success. Determining success can be done by analyzing financial statements and finding out how much profit a company is making, the direction of their financial results and the balance of cash and liabilities. For those who are thinking about acquiring a business, these factors are important to think about.Scaling a law firm needs to be done strategically or else it can fail. The more successful a law firm is, the more cash they will eat. That is why many firms need lines of credit, because the access to cash in the bank is not always readily available. For firms to stay afloat, owners need to balance growth with having the cash to support it.Listen in to learn more!1:64 The need for financial statement education for lawyers4:47 The three primary financial statements crucial for analysis15:66 Discussion on cash flow issues faced by scaling law firms 19:30 Discussion on the significance of personnel costs in law firms41:63 Prioritizing long-term relationships and success over short-term gainsTune in to today's episode and checkout the full show notes here. Connect with Brian:Website Instagram  X TikTokLinkedinYoutube

In this episode of What's New at CFI, we are talking about a course that is going to help make everyone's job a little bit easier. The course itself may be in the context of financial statement analysis, but in today's world, everything is data-driven, and in turn, so is almost every job. Spend some time with Glenn as he talks about what AI can do, what it is best at, and how we can interact with it now that generative AI gives the layperson a friendly user interface.If you want to learn and practice how to make your working day a little easier, this is a course you don't want to miss.

Under the guise of funding OneSchool Global, the PBCC's leaders have quietly bilked $0.65 billion from their unsuspecting members since 2017. Rather than being used for education, this tax free bullion is stashed in multiple obscure private investment funds around the globe, and used by the tiny elite of ultra-rich PBCC church leaders to fund their own businesses ventures. Every year, the Plymouth Brethren Christian Church's “Global Funding Team” holds a “Strive” fundraiser to collect a further $250 million to add to the pot. Attendance at this Zoom fundraising event, while dressed in church attire, is compulsory for 100% of members, and they must keep their cameras on so that local brethren priests can see that they are attending, and monitor their reactions. The 54,000 assembled victims of this fraud are told a carefully crafted pack of outright lies to the effect that the Brethren's OneSchool Global desperately needs funds, that Vision Foundation is an endowment fund for this purpose, and that it generates an astonishing 20% return on investment. Get-a-Life exposes for he first time the shocking truth that Vision Foundation has actually been losing millions of dollars per year, and far from being an endowment fund, is just a handy source of ready cash for the corrupt Brethren elite. We also expose for the first time the “Campus Modernization Program” and the “Hall Standardization Program” further financial scams perpetrated by PBCC leadership to launder $100s of millions of tax-free dollars into their own bank accounts. Join us as we light up for the first time the Affinity Fraud of the Century, as the perpetrators desperately scramble to pull the maximum value from the scam before the Australian Tax Office's ongoing investigation closes it down for good. Link for insiders- https://docsend.dropbox.com/view/wckqr4wiceas25ga Link for attachments discussed in podcast- https://www.dropbox.com/scl/fo/mfcbv65ago9seigve50n3/AC2kvJMl_9cEcfRCQpdFB-k?rlkey=x7zlieiatvcavcpzdm1ukrgud&st=ic7hxose&dl=0 Link to Damian Hastie's website- https://www.brethrenexposed.com/investigations.html Article/website links- Grace Trust on Charity Commission website https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/charity-details/257516 NAF on Charity Commission website https://register-of-charities.charitycommission.gov.uk/en/charity-search/-/charity-details/5101784 Wikipedia article on Affinity Fraud https://en.wikipedia.org/wiki/Affinity_fraud Affinity Fraud news article https://www.cnbc.com/2018/09/06/religious-based-financial-fraud-is-rampant-heres-how-to-fight-it.html GAL Tax Fraud and Embezzlement podcast https://www.youtube.com/watch?v=gn8X-REFPSQ GAL OneSchool/Unispace Money Laundering podcast https://www.youtube.com/watch?v=HNnkaDA2BZ8&t=3034s GAL Australian Tax Office raid UBT podcast https://www.youtube.com/watch?v=Sl8WmlBGonI Vision Income Fund- NZ past ROI- https://www.oneinvestment.com.au/wp-content/uploads/2024/03/Vision-Income-Fund-year-end-Financial-Statements-31.12.2023.pdf To share your story or be a guest on the show, email info.getalife@proton.me Get a Life Paypal donations - https://www.paypal.me/getalifepodcast Get a Life GoFundMe- https://gofund.me/614bcd06 PayPal link for USA- https://www.paypal.com/pools/c/8Tz4n35OJ8 Olive Leaf Network- https://oliveleaf.network/ Thinking of Leaving Pamphlet and resources - https://oliveleaf.network/resources/ Preston Down Trust Decision- http://www.charitycommission.gov.uk/media/591398/preston_down_trust_full_decision.pdf Admin/Legal email address: stouffvillelegal-gal@protonmail.com Office address: 22 Braid Bend Stouffville ON L4A 1R7 #plymouthbrethrenchristianchurch #pbcc #abuse #church #cult #religion #trauma #religioustrauma #sexualabuse #mindcontrol #brainwashing #whistleblower #getalifepodcast #getalife #exclusivebrethren #BruceHales #BDH #BruceDHales #UniversalBusinessTeam #UBT #RRT #RapidReliefTeam #Aberdeen #OneSchoolGlobal #OSG

Insights from a Fractional CEOI had the pleasure of chatting with Karen, a seasoned fractional CEO and advisor to C-suite executives. Our conversation was packed with valuable insights on business management, financial literacy, and strategies for driving company performance. Here are some key takeaways that I think you'll find intriguing:Key Lessons and Ideas:The Role of a CEO in Challenging Times:**  Karen steps into organizations during tough transitions, often uncovering hidden issues by listening for key phrases.Financial Statements as a Business Health Indicator:**  Understanding financial statements is crucial. Karen starts by asking about labor costs and depreciation to gauge financial health.  She uses relatable examples, like a lemonade stand, to teach complex financial concepts.Cash Flow Management and Debt Restructuring:**  "Cash is king." Karen focuses on liquidity and quick wins to optimize performance.  She warns against hasty cost-cutting, sharing a cautionary tale where excessive cuts led to dysfunction.Boosting Sales Volume and Contract Management:**  Regularly review and renegotiate contracts to stay competitive.  Example: At Pepsi, Karen learned the importance of updating contracts to reflect market changes.Building a Sustainable Business Legacy:**  Establish strong banking relationships and assess family aptitude for succession planning.Curiosities and Strategies:The Risks of Aggressive Cost-Cutting:**  Karen explains how aggressive cost-cutting can strip essential functions and skills, advocating for a balanced approach.The Importance of P&L Management:**  Managing the profit and loss statement is critical for informed decision-making.  Karen emphasizes transparency and regular financial reviews to drive performance.Educating Employees on Financial Impact:**  Monthly reviews with managers help them understand their roles' impact on the P&L, fostering accountability and performance.Connect and Learn More:Karen is passionate about helping businesses grow and scale. Connect with her on LinkedIn for more insights on transformational leadership and emerging trends, especially in AI.I hope these highlights spark your curiosity and entice you to listen to the full episode. Karen's experiences and advice are invaluable for anyone navigating the complexities of business management and growth.Stay curious and keep scouting for those deals!P.S. Don't miss out on future episodes of "The Deal Scout." Subscribe now and stay ahead in the world of business and investment!Next Steps Share your thoughts with a review - https://www.thedealscout.com/reviews/ Let's connect on LinkedIn - https://www.linkedin.com/in/joshuabrucewilson/ Subscribe and Watch on YouTube - https://www.youtube.com/channel/UCBQN_Y3nhDGClfMxCSBDjOg Disclaimer: The content shared on this podcast is for informational purposes only and should not be taken as financial, legal, or tax advice. The views and opinions expressed are those of the host, Josh Wilson, and any guests, and do not necessarily reflect the official policy or position of any agency or organization. Josh Wilson is a licensed real estate broker and an investment banker, but this podcast is not a substitute for professional advice. We strongly recommend that you consult with a qualified financial advisor, legal counsel, and tax professional before making any financial decisions or taking any actions based on the information provided in this podcast.

Connor Turland (@Entrecurious) is the prototypical software entrepreneur. He found a niche from a "prior life" and is now building an AI bookkeeping SaaS.Now, many founders struggle with bookkeeping, so this is your opportunity to learn more about the pitfalls and opportunities of that field from someone who speaks both "developer" and "bookkeeper."Here's Connor and how he is employing cutting-edge AI in an industry that is usually very resistant to change.Learn more about Connor at https://connorturland.com/You'll find Ceedar at https://ceedar.ai/This episode is sponsored by Paddle.com — if you're looking for a payment platform that works for you so you can focus on what matters, check them out.The blog post: https://thebootstrappedfounder.com/connor-turland-pioneering-the-future-of-bookkeeping-with-ceedar-ai/The podcast episode: https://tbf.fm/episodes/359-connor-turlandCheck out Podscan to get alerts when you're mentioned on podcasts: https://podscan.fmSend me a voicemail on Podline: https://podline.fm/arvidYou'll find my weekly article on my blog: https://thebootstrappedfounder.comPodcast: https://thebootstrappedfounder.com/podcastNewsletter: https://thebootstrappedfounder.com/newsletterMy book Zero to Sold: https://zerotosold.com/My book The Embedded Entrepreneur: https://embeddedentrepreneur.com/My course Find Your Following: https://findyourfollowing.comHere are a few tools I use. Using my affiliate links will support my work at no additional cost to you.- Notion (which I use to organize, write, coordinate, and archive my podcast + newsletter): https://affiliate.notion.so/465mv1536drx- Riverside.fm (that's what I recorded this episode with): https://riverside.fm/?via=arvid- TweetHunter (for speedy scheduling and writing Tweets): http://tweethunter.io/?via=arvid- HypeFury (for massive Twitter analytics and scheduling): https://hypefury.com/?via=arvid60- AudioPen (for taking voice notes and getting amazing summaries): https://audiopen.ai/?aff=PXErZ- Descript (for word-based video editing, subtitles, and clips): https://www.descript.com/?lmref=3cf39Q- ConvertKit (for email lists, newsletters, even finding sponsors): https://convertkit.com?lmref=bN9CZw

Send us a textDiscover how Steve turned early struggles into a roadmap for financial mastery. From building multimillion-dollar businesses to creating over $1 billion in value, Steve shares the seven steps that transformed his financial IQ.Packed with personal stories, surprising lessons (including a hilarious twist involving a Spanish class), and practical insights, this episode will inspire you to take charge of your financial future.Your financial journey starts here—listen now and take the leap today!Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Register for the free Measure What Matters Webinar here: https://www.coltivar.com/measure-what-matters-webinar Support the show

In this episode, my guest is Glenn Dogterom, Farm Family Transition Coach, retired CPA, financial planner, and acting member of the Canadian Association of Farm Advisors. Over the years, Glenn has provided various services to his clients including tax planning and preparation, financial statements, cash flows, and transition planning. Glenn proposes there's a better, more thoughtful approach to transition without all the pressure and potential for bad decision-making. We discuss practical strategies for achieving realistic timelines and involving the younger generation from the get-go, as well as what to do and expect if you haven't. At the end of this episode, you will gain a better understanding of how much time it truly takes to achieve a more meaningful transition, and why taking into consideration inevitables like illness and debt is so important. Access the full show notes for this episode at elainefroese.com. Discover more about our guest: Glenn Dogterom Elaine Froese Resources: Watch this episode on YouTube. SPEAKING - book Elaine for your next event COACHING - find your Farm Transition Coach MEMBERSHIP - Join the waitlist for the Farm Family Harmony Membership RESOURCES - download for FREE CONTACT - take the next steps in your transition  BURNING QUESTION? Submit it here for Elaine or her coaches Timestamps 0:00:30 Introduction Glenn Dogterom 0:01:30 What to do when you're stuck 0:03:55 Creating realistic timelines and involving your children in the process 0:07:00 Assessing your skills and creating a business plan as a younger farmer 0:08:21 Financial preparedness and passing on debt  0:10:38 How to lean on your team of trusted advisors 0:13:02 Navigating transition in the midst of health issues 0:15:37 Finding harmony through understanding can take time 0:18:33 Glenn's favorite “good transition” story 0:21:41 It's a journey, not a sprint

Michael Novogradac, CPA, and Novogradac partner Tony Grappone, CPA, examine the complexities of year-end financial statement audits for renewable energy companies. They outline critical steps to ensure a seamless audit process, including the review of prior audits, identification of common errors to avoid and management of non-recurring items. Additionally, they provide guidance on proportional amortization accounting for new investors and emphasize important financial reporting deadlines for developers. This discussion is particularly beneficial for renewable energy accountants preparing for the forthcoming year.

Finding Landmines in Financial Statements. www.watchdogonwallstreet.com

What are the critical factors driving investment success? How can investors balance profitability and risk? In this episode, we sit down with Dr. Sunil Wahal, the Jack D. Furst Professor of Finance and Director of the Center for Responsible Investing at the W.P Carey School of Business at Arizona State University, to delve into the intricacies of financial science. With over 25 years of academic and practical experience, Dr. Wahal shares his unique perspective on factor investing, profitability premiums, and how to approach value investing in today's complex financial environment. He talks about the joint distribution of value and profitability, explains how profitability premiums work, and discusses the challenges faced when integrating academic research into practical investing strategies. Dr. Wahal also touches on common misconceptions in financial theory, the long-term benefits of maintaining a diversified investor base, and why understanding the nuances of financial risk is key to avoiding costly mistakes. Gain insights into building a successful investment portfolio grounded in the principles of financial science and how to avoid common pitfalls in factor investing. Join us to hear actionable strategies for balancing risk, understanding factors, and applying academic research to real-world scenarios with Dr. Sunil Wahal! Key Points From This Episode:   (0:04:15) Dr. Wahal's work on profitability, data sourcing challenges, and its significance. (0:08:01) The impact of controlling the value of the profitability premium. (0:10:08) Correlations between value and profitability and the benefits of “tilted” portfolios. (0:14:48) Steps for unleveraged long-term investors to build profitable portfolios. (0:17:27) How the joint distribution of value and profitability differs from a profitability screen. (0:20:43) Approaches of large financial firms to implementing value and profitability in portfolios. (0:24:41) Time horizons for tiled portfolios and their expected returns after cost.  (0:30:53) Insight into how institutions decide on which investment managers to hire and fire. (0:38:00) Exploring how the hiring and firing of managers affects institutional performance.  (0:40:16) Ways the relationships with institutions influence hiring decisions and performance. (0:44:35) Uncover how institutions select which private market firms to invest in. (0:48:58) Key takeaway lessons from Dr. Wahal's research for institutional investors. (0:50:52) Why frequently hiring and terminating managers may not be the best approach. (0:52:32) Advice for retail investors and the importance of cost in managing portfolios. (0:59:22) Reasons that institutions avoid indexing and the competitiveness of mutual funds. (1:02:29) How diversification among mutual fund investors affects performance. (1:09:19) Performance overview of actively managed global equity mutual funds. (1:12:35) The role of practitioner interaction and his concept of success. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/  Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://pwlcapital.com/our-team/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Sunil Wahal on LinkedIn — https://www.linkedin.com/in/sunil-wahal/ W. P. Carey School of Business — https://wpcarey.asu.edu/ Avantis Investors — https://www.avantisinvestors.com/ Dimensional Fund Advisors — https://www.dimensional.com/ UpWork — https://www.upwork.com NVIDIA — https://www.nvidia.com Episode 316: Andrew Chen — https://rationalreminder.ca/podcast/316   Books From Today's Episode:   The Interpretation of Financial Statements — https://www.amazon.com/dp/0887309135   Papers From Today's Episode:    ‘Long-Term Shareholder Returns: Evidence from 64,000 Global Stocks' — https://doi.org/10.1080/0015198X.2023.2188870 ‘Long-Run Stock Market Returns: Probabilities of Big Gains and Post-Event Returns' — https://dx.doi.org/10.2139/ssrn.3873010 ‘Prudential Uncertainty Causes Time-Varying Risk Premiums' — https://dx.doi.org/10.2139/ssrn.2176896 ‘A Five-Factor Asset Pricing Model' — https://dx.doi.org/10.2139/ssrn.2287202 ‘Do Institutional Investors Exacerbate Managerial Myopia?' — https://doi.org/10.1016/S0929-1199(00)00005-5

In this episode of Welcome to Eloma, Talaya Scott, founder of FIIT Perspective talks about the importance of financial literacy for entrepreneurs. Talaya emphasizes the need for entrepreneurs to understand their financial statements, particularly the profit and loss statement and the balance sheet. She highlights the consequences of not tracking numbers properly, such as paying too much in taxes and being unprepared for opportunities. Links and follow-ups:Connect with Talaya Scott:Websites: www.fiitperspective.com, www.talayascott.comLinkedin: @talayascottInstagram: @talayascott @fiitperspectiveFacebook: @talayascott @fiitperspective Email: talayascott@fiitperspective.comConnect with KileyLearn more at WelcomeToEloma.comWork with us at RAYNEIX.com Newsletter Signup: RIXNewsletter.com Linkedin: Kiley Peters & RAYNE IXInstagram: @kileypeters & @rayneix Email: info@rayneix.com

In this enlightening episode, host Roger Knecht sits down with Craig Primo, a FINRA licensed investment banker, to explore the multifaceted process of selling a business. Craig shares invaluable insights into the essential role accountants play in ensuring smooth and successful transactions. Whether you're planning an exit strategy or facing an unexpected sale, this episode is packed with practical advice to help you prepare. Main Themes: The Critical Role of Accountants: Craig and Roger note the importance of maintaining accurate financial records during a sale. They discuss challenges posed by outdated accounting methods during sales. Craig highlights the necessity of GAAP-compliant statements for attracting buyers. Understanding Financial Metrics: Roger and Craig discuss key metrics such as gross profit margins and liquidity ratios. Detailed financial data analysis creates opportunities for accountants in a sale. Enhancing collaboration between accountants and clients to identify growth opportunities and prevent burnout. Debt and Growth: Craig explains how to  leverage debt for business growth versus traditional cash reserves. They discuss the risks of over-leverage and the phenomenon of “zombie companies.” Granular Financial Analysis: Roger offers advice on managing legacy products and shifting focus to more profitable opportunities. They note the role of private equity in identifying inefficiencies. Professionalism in Accounting: They explain the pyramid model of accounting needs based on business size and maturity. Craig emphasizes the need for a transition from growth-focused to structured financial management. Proactive Financial Planning: Craig offers advice on preparing for business exits. Roger highlights strategies for securing loans and avoiding missed opportunities. They break down the differences between LLCs and C Corporations, and the use of Phantom stock for employee retention. Financial Statements and Trends: Analyzing financial statements to understand trends and improve cash flow. Managing receivables, payables, and inventory. Importance of timely bookkeeping and strategic accounting partnerships. Business Sales Scenarios: Unexpected sales and the need for urgent documentation. Proactive preparations for sale. Planning for venture capital with a 3 to 5-year sale timeline. Emotional Challenges in Sales: Emotional factors complicating the sale process, especially in family businesses. Recognizing and addressing emotional challenges to facilitate smooth transitions. Complex Business Transactions: Impact of events like death or family disputes on transactions. Equity distribution disputes and differing valuations. Accountants' role in providing strategic support, timely information, and accurate forecasting. Join us for an in-depth discussion on how to navigate the complexities of selling a business with expert guidance from Craig Primo. Whether you're an entrepreneur or an accountant, this episode offers valuable strategies to ensure a seamless and profitable transition. For more information on how you could broker these complex transactions, call 435-344-4060 to connect with Universal Accounting Center. Sponsors: Universal Accounting Center Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth.   Offers: Find & Follow - In Find & Follow, Greg & Jonathan DeVore provide the key to solving the knowledge transfer problem and transforming your business. Don't spend another day wasting your and your team's time relying on tribal knowledge – get a copy now!   Create a Culture of Accountability.  This is a training to help understand and implement clear expectations.  Easy to implement, quick to experience results.  We refer to it as the S.T.A.R. Training program.   Get a FREE copy of these books all accounting professionals should use to work on their business and become profitable.  These are a must-have addition to every accountant's library to provide quality CFO & Advisory services as a Profit & Growth Expert today: “Red to BLACK in 30 days – A small business accountant's guide to QUICK turnarounds” – This is a how-to guide on how to turn around a struggling business into a more sustainable model. Each chapter focuses on a crucial aspect of the turnaround process - from cash flow management to strategies for improving revenue. This book will teach you everything you need to become a turnaround expert for small businesses. “in the BLACK, nine principles to make your business profitable” – Nine Principles to Make Your Business Profitable – Discover what you need to know to run the premier accounting firm and get paid what you are worth in this book, by the same author as Red to Black – CPA Allen B. Bostrom. Bostrom teaches the three major functions of business (marketing, production and accounting) as well as strategies for maximizing profitability for your clients by creating actionable plans to implement the nine principles. “Your Strategic Accountant” - Understand the 3 Core Accounting Services (CAS - Client Accounting Services) you should offer as you run your business. Help your clients understand which numbers they need to know to make more informed business decisions. “Your Profit & Growth Expert” - Your business is an asset. You should know its value and understand how to maximize it. Beginning with the end in mind helps you work ON your business to build a company you can leave so that it can continue to exist in your absence or build wealth as you retire and enjoy the time, freedom, and life you want and deserve. Follow the Turnkey Business plan for accounting professionals.  This is the proven process to start and build the premier accounting firm in your area.  After more than 40 years we've identified the best practices of successful accountants and this is a presentation we are happy to share.     Also learn the best practices to automate and nurture your lead generation process allowing you to get the bookkeeping, accounting and tax clients you deserve.  GO HERE to see this presentation and learn what you can do today to identify and engage with your ideal clients.   Check it out and see what you can do to be in business for yourself but not by yourself with Universal Accounting Center.   It's here you can become a:   Professional Bookkeeper, PB Professional Tax Preparer, PTP Profit & Growth Expert, PGE   Next, join a group of like-minded professionals within the accounting community.  Register to attend GrowCon and Stay up-to-date on current topics and trends and see what you can do to also give back, participating in relevant conversations as they relate to offering quality accounting services and building your bookkeeping, accounting & tax business.   The Accounting & Bookkeeping Tips Facebook Group The Universal Accounting Fanpage Topical Newsletters: Universal Accounting Success The Universal Newsletter   Lastly, get your Business Score to see what you can do to work ON your business and have the Premier Accounting Firm. Join over 70,000 business owners and get your score on the 8 Factors That Drive Your Company's Value.   For Additional FREE Resources for accounting professionals check out this collection HERE!   Be sure to join us for GrowCon, the LIVE event for accounting professionals to work ON their business. This is a conference you don't want to miss.   Remember this, Accounting Success IS Universal. Listen to our next episode and be sure to subscribe.   Also, let us know what you think of the podcast and please share any suggestions you may have.  We look forward to your input: Podcast Feedback   For more information on how you can apply these principles to start and build your accounting, bookkeeping & tax business please visit us at www.universalaccountingschool.com or call us at 8012653777  

In this episode, CII General Counsel Jeff Mahoney interviews Brandon Szerwo, Assistant Professor of Accounting and Law at the School of Management of the University at Buffalo. Professor Szerwo is the co-author of a recent research paper entitled "Insights from Auditors' Disclosures of How They Addressed Critical Auditor Matters."

Send a Text Message to Denitsa and Compliance Time.In this episode, I have the pleasure of speaking with Tod McDonald. He is the Founder and General Manager for Investigations at Valid8 Financial. With over two decades of experience, Tod has held leadership roles such as CFO, COO, and Principal in various organizations including Global Baristas and Cascade Capital Group. He holds a degree in Business Administration from the University of Washington and is a Certified Public Accountant and a Certified Insolvency & Restructuring Advisor. His expertise spans finance, corporate restructuring, and financial investigations.In this episode, we delve into a Ponzi scheme case that led to the founding of Valid8, exploring how his team used forensic techniques to trace missing funds. Tod also discusses the evolving landscape of financial crimes, the role of AI in investigations, and best practices for compliance professionals to stay ahead of fraud schemes. Support the show

With the Federal Reserve's upcoming meeting, possible changes in the rates are on the horizon, and now is the time to prepare.In today's episode we'll cover how these rate adjustments can affect your savings, debt, and investment strategies. From maximizing your high-yield savings accounts and CDs to considering refinancing opportunities, I break down the steps you can take to stay ahead of the financial curve.Join me as we discuss actionable strategies for making the most of falling rates while keeping your financial future on track.Anna's Takeaways:Evaluating Savings and Emergency Reserves (01:59)Managing Debt and Financial Statements (05:48)Investment Strategies and Long-Term Planning (13:53)Reviewing and Adjusting Investment Allocations (18:35)Rate, Review, & Follow on Apple PodcastsMoney Boss Parents! Welcome to Anna's Money Boss Parent podcast, your go-to resource for mastering money management while raising a family. Join me as we explore practical tips, expert insights, and inspiring stories to help you achieve financial success and create a brighter future for your loved ones.Don't forget to subscribe, rate, and review the show to support our mission of empowering parents like you to take charge of their finances and build a prosperous life for their families. Let's thrive together on this incredible journey!FREE GUIDE- Kid Money Boss: School isn't teaching my son about Money. It's up to us Parents. Here are 9 tools I am using to team my son, everything I never learned as a kid.Check for CD and High Yield Savings Accounts - https://www.bankrate.com/banking/cds/cd-rates/How to Review Your Credit Report ArticlePrevious Podcast: https://annasergunina.com/captivate-podcast/050-chicken-or-the-egg-paying-off-debt-vs-saving-in-emergency-reserves/5 strategies to escape credit card debts: https://annasergunina.com/captivate-podcast/234-5-strategies-to-escape-credit-card-debt/

From valet to Dealership Academy Instructor at the National Automobile Dealers Association (NADA), Jim O'Donnell joins us to discuss financial management in a dealership. He highlights how 40-60% of gross profit comes from the fixed ops department, but it rarely gets the attention it deserves. Jim emphasizes the importance of focusing on fixed ops and offers tips for communicating financial information to the team.View the video podcast on YouTubeAbout Our Guest: Jim O'DonnellDealership Academy Instructor, National Automobile Dealers Association (NADA)odonnellj@nada.orgAbout Our Host:Jay GoninenCo-Founder & President, WrenchWayjayg@wrenchway.com | 608.716.2122WrenchWay Resources:Salary Comparison Tool - See pay information for automotive, diesel, and collision technicians near you at wrenchway.com/pay.Technicians & Students - Looking for the best shops or dealerships to work at? Check out wrenchway.com/shops.Shops & Dealerships - Want to find quality technicians, connect with schools, and support the auto and diesel industry? Learn about WrenchWay Top Shop Memberships.Auto, Diesel, or Tech Ed Instructors - Need help getting resources for your program and connecting with industry? We have free solutions for you on WrenchWay.Connect with us on social: Facebook Instagram Twitter LinkedIn YouTube TikTok

Are you making the same costly mistakes in your business without even knowing it? In this episode of "Boosting Your Financial IQ," we dive deep into the three essential financial statements every business owner must know: the income statement, balance sheet, and statement of cash flows. Learn how to leverage these tools to drive profitability, assess financial health, and maximize firm value. Ready to elevate your financial literacy? Visit BYFIQ.com and join our Financial Pro Mastery Program for more in-depth training.Support the Show.

This Podcast Is Episode 588, And It's About  Financial Statements Demystified: A Practical Guide For Contractors Understanding financial statements might sound daunting, but small business owners like you must stay on top of your game. Each financial report offers unique insights into your company's economic status.    As a construction contractor, your financial statements provide valuable insights into your company's financial health and are essential for making informed decisions. Let's look at the critical components of financial statements and why they matter to construction contractors.   1. Balance sheet The balance sheet is a snapshot of your company's financial position at a specific time. It includes your assets, liabilities, and equity. For construction contractors, the balance sheet reflects the value of equipment, property, other assets, any outstanding debts, and your company's net worth. Monitoring your balance sheet helps you track your company's financial stability and wealth. Assessing net worth: By understanding your assets and liabilities, you can easily calculate your company's net worth. Financial stability: The balance sheet helps you gauge whether your business is financially stable or if it's relying too much on borrowed funds.  Practical tip: Regularly review your balance sheet to make informed decisions about investing and financing to foster growth. If you notice a high level of liabilities compared to assets, consider strategies to reduce debt. 2. Income statement The income statement, also known as the profit and loss statement, provides an overview of your company's revenues, expenses, and profits over a specific period. As a contractor, your income statement reflects your revenue from completed projects and your operational costs, such as materials, labor, and overhead (LMOS). Analyzing your income statement helps you assess the profitability of your projects and identify areas where you can improve efficiency. Operational efficiency: By reviewing your income statement, you can identify how efficiently your business operates. Profitability: It shows your ability to generate profit by increasing revenue or reducing costs. Practical tip: Keep an eye on revenue and expense trends. If operating expenses are consistently rising, it may be time to reevaluate your cost management strategies. 3. Cash flow statement The cash flow statement details how cash enters and leaves your business. It is divided into three sections—operating, investing, and financing activities—showing how well your company manages its money. Due to the industry's cyclical nature, managing cash flow is especially critical for construction contractors. Your cash flow statement helps you monitor the timing of your receivables and payables, ensuring sufficient liquidity to cover ongoing expenses and take on new projects. Liquidity: It helps you understand your company's ability to meet short-term obligations. Expense management: By tracking cash flows, you can make more informed decisions about spending and saving. Practical tip: Pay close attention to operations cash flow. If you consistently see negative cash flow, it's a sign that you need to improve your operational efficiency or adjust pricing strategies. 4. Statement of changes in equity This lesser-known but important report details the changes in the equity section of your balance sheet over a specific period. It includes contributions from shareholders and retained earnings. Why it matters Investment decisions: Helps investors understand how their investments are performing. Retention strategy: Shows how profits are being reinvested into the business. Practical tip: Use this statement to communicate with potential investors. Highlight how you reinvest profits to fuel growth, showcasing your commitment to long-term success. 5. Financial ratios Financial ratios are derived from your financial statements and provide deeper insights into your company's performance. Key ratios include profitability, liquidity, efficiency, and solvency ratios. Quick insights: Ratios offer a quick snapshot of your business health. Benchmarking: Compare your ratios with industry standards to see how your business stacks up. Practical tip: Calculate the current ratio (current assets divided by current liabilities) to assess your short-term financial health. A ratio above 1 indicates good liquidity. 6. Notes to the financial statements These notes provide additional context, explaining the methods used in preparing the financial statements and offering detailed breakdowns of certain items. Transparency: Enhances the transparency of your financial reporting. Clarity: Helps stakeholders understand the numbers better, leading to more informed decisions. Practical tip: Ensure the notes are detailed and precise. Transparency builds trust with investors and other stakeholders, making them more likely to support your business. Why Financial Statements Matter Understanding how to read financial statements as a construction contractor can provide several key advantages: Firstly, it allows you to assess the economic health of your construction business. Understanding your company's financial position enables you to make informed decisions about investments, expansion, and resource allocation. Secondly, financial statements provide valuable insights for stakeholders, such as investors, lenders, and sureties. Maintaining accurate and transparent financial statements can enhance credibility and facilitate access to capital for future projects and growth opportunities. Lastly, understanding your financial statements can help you identify areas for improvement and implement strategies to enhance profitability and operational efficiency. Whether reducing costs, optimizing cash flow, or diversifying your service offerings, your financial statements guide strategic planning and performance evaluation. Remember that it can also aid in compliance and tax planning. Being aware of your financial position can help ensure that you are meeting regulatory requirements and assist you in making tax-efficient decisions. In Conclusion Reading and understanding financial statements is a valuable skill for construction contractors. It provides a clear picture of your business's economic standing and enables informed decision-making. Each report offers valuable information, whether evaluating your net worth through the balance sheet, assessing profitability via the income statement, or managing liquidity with the cash flow statement. Ready to take control of your financial health? If you need advice or assistance, contact our team. We're here to help. PS  We offer free resources to help you save time and money that you can download and print now.  About The Author: Sharie DeHart, QPA, co-founded Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations. She offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com    

This episode of FinPod covers understanding bank financial statements and analysis. We highlight the unique aspects of bank financial statements compared to typical company statements, plus the significance of the balance sheet and the importance of understanding interest income and expenses. You'll learn about specific ratio calculations used in banking and how regulatory capital requirements, like Basel III guidelines, impact banks. The episode also discusses the practical applications of using real-world data for hands-on learning. Listen in for practical tips on mastering bank financial analysis. 

I sit down with Glenn Lundy, the dynamic CEO of 800% Elite Automotive Club, newly accomplished car dealer, and esteemed motivational speaker. Glenn, widely known for his impactful shows like The Morning 5 and Rise & Grind, delves into the crucial distinctions between investing versus spending and balancing, urging listeners to change their terms to change their actions. glennlundy.com  Discover the inner workings of Glenn's revolutionary 800% Auto Elite Club, where a diverse mix of dealership DNA fosters a vibrant learning environment. Gain exclusive insights into why breaking free from the confines of a 30-day month window is essential for shattering limited thinking and embracing continuous growth through innovative approaches. Unveil the secrets behind achieving unprecedented 800% growth as Glenn dissects why many settle for merely doubling up to 200%. Learn why sustaining long-term growth demands relentless action even after initial success, as Glenn imparts invaluable advice on viewing businesses with a forward-thinking mindset. Explore the transformative power of fostering relationships with team members who are driven by a shared desire for growth, rather than being reduced to mere numbers on a spreadsheet. Glenn shares strategies on shifting language and narratives surrounding business expansion, emphasizing the importance of volume thinking over gross thinking and how volume can be the ultimate problem-solving tool. Gain a deeper understanding of the significance of not solely relying on financial statements when making decisions, and discover why aligning your entire team's efforts is crucial for creating abundant opportunities. Learn how every action taken today contributes to the infinite game of business, and uncover the rewards of owning your role within your organization. Tune in to this episode to unlock key strategies for sustainable growth, empower your team to strive for excellence, and embrace a transformative mindset that paves the way for long-lasting success in the ever-evolving business landscape. Dealer Talk with Jen Suzuki Podcast |Jennifer@edealersolution.com | 800-625-1590 | edealersolutions.com  

Aaron starts with a candid update on his personal life, including the challenges of balancing fitness and a busy schedule. Then, he transitions into a comprehensive breakdown of financial statements, drawing from his own company's financials for the month of June. Key topics covered: - The importance of maintaining fitness and the struggle of getting back into shape. - Insights from Aaron's accounting education and the wisdom of experienced professors. - A detailed walkthrough of a balance sheet, including assets, liabilities, and owner's equity. - The significance of data processing equipment and its impact on company valuation. - The practical aspects of managing a million-dollar project and recognizing revenue. - Understanding cost of goods sold and other essential expenses. Aaron also shares a personal story about a massive signage project that had significant impacts on his company's financials. He emphasizes the importance of accounting knowledge for business success, echoing the advice that accounting is the language of business. Tune in to learn more about managing your business finances, the intricacies of accounting, and how to make informed financial decisions. Don't forget to like, comment, and subscribe for more insightful episodes! The AC Method is hosted by Aaron Clippinger and sponsored by SquareCoil. Go to https://www.squarecoil.com to streamline your custom industry today. Connect with Aaron and The AC Method community: https://www.linkedin.com/in/aaronclippinger https://www.instagram.com/theacmethod/ https://facebook.com/profile.php?id=100063971505812 https://www.tiktok.com/@squarecoil Learn more about your ad choices. Visit megaphone.fm/adchoices

Thanks to our Partners, AAPEX, NAPA TRACS, and Automotive Management Network 'Business by the Numbers' Podcast host Hunt Demarest discusses common financial mistakes, emphasizing the importance of building long-term wealth through prudent financial management and investment. The conversation covers managing personal and business expenses, the impact of government programs, and the necessity of maintaining financial reserves. Hunt Demarest, CPA, Paar Melis and Associates, Hunt's previous episodes HERE Business by the Numbers Podcast Show Notes Watch Full Video Episode The Brakes for Breasts initiative (00:00:01) https://www.brakesforbreasts.com/ Rich vs. Wealthy (00:03:09) The distinction between being rich and being wealthy and the financial habits of wealthy individuals. Money Mistakes and Business Finances (00:04:55) Common money mistakes made by business owners and the importance of long-term wealth building. Personal and Business Expenses (00:06:09) The impact of blending personal and business expenses and its effect on financial statements. Year-End Financial Review (00:09:14) The importance of assessing business finances at the end of the year and avoiding unrealistic financial judgments. Impact of Government Programs (00:10:33) The impact of government programs on business profitability and the potential consequences of misusing funds. Business Trends and Demand (00:11:53) Analysis of business trends, demand, and the need for realistic profit expectations in the automotive industry. Cash Flow Management and Reserves (00:13:59) The importance of cash flow management, emergency funds, and the role of credit lines in business financial planning. AAPEX 2024 Registration (00:17:37) https://www.aapexshow.com/ NAPA TRACS Shop Management System (00:18:47) http://napatracs.com/ Labor Rate Tracker (00:19:53) http://LaborRateTracker.com Managing Credit Lines (00:20:48) Discussion on managing credit lines, including the importance of using and managing credit effectively. Cash Management and Financial Statements (00:21:49) Insights into managing physical cash, reconciling financial statements, and the importance of accountability. Overspending and Budgeting (00:23:59) Discussion on avoiding overspending, budgeting investments, and making decisions based on return on investment. Insurance and Protection (00:26:42) Importance of having the right insurance coverage and protecting assets and future liabilities. Return on Sales and Advertising (00:27:46) Explaining the concept of return on sales and the importance of evaluating advertising spending based on return on investment. Bookkeeping and Financial Timeliness (00:29:30) The impact of timely and accurate bookkeeping on business performance and decision-making. Cash Flow and Long-Term Planning...

SponsorsLiveFlow - http://accountingpodcast.promo/liveflowRightRev - http://accountingpodcast.promo/rightrevMakers Hub - http://accountingpodcast.promo/makershubChapters(00:38) - Blake's Conference Adventures (03:13) - AI and the Future of Auditing (05:16) - Insights from the IMA Conference (10:00) - The AI Tipping Point (14:48) - Microsoft Announces Delay of Their Ai Recall Tool (21:33) - AI in Financial Statement Analysis (34:12) - Community and Future Plans (38:08) - Synapse Bankruptcy and What It Means for FinTech Banks (49:50) - PwC and OpenAI Partnership (51:39) - EY Is Spending $1 Billion on Something (53:48) - Big Four Compensation Insights (57:16) - Fake News on Stimulus Checks (01:00:52) - Listener Mail and Advice for Starting a Firm (01:07:27) - Wrap-up and Announcements  Show NotesStudy: ChatGPT Better at Financial Statement Analysis Than Humanshttps://nysscpa.org/news/publications/the-trusted-professional/article/study-chatgpt-better-at-financial-statement-analysis-than-humans-060524PwC to resell ChatGPT Enterprisehttps://www.accountingtoday.com/news/pwc-to-become-first-official-reseller-for-openai-for-openais-chatgpt-enterpriseEY US to invest $1 billion in compensation and technology to improve the attractiveness of the accounting professionhttps://www.ey.com/en_us/newsroom/2024/06/ey-us-to-invest-1-billion-in-compensation-and-technologyChange is in the air: And it is helpful.https://www.orcpa.org/news/13ff8628-9c17-43b1-858a-148af698c818:change-is-in-the-air-and-it-is-helpfulPotential deposit shortfall in Synapse bankruptcy falls in regulatory grey areahttps://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/potential-deposit-shortfall-in-synapse-bankruptcy-falls-in-regulatory-grey-area-82041848Apple brings ChatGPT to Siri as it debuts ‘Apple Intelligence' at WWDC 2024https://www.theguardian.com/technology/article/2024/jun/10/apple-ai-product-launchHow does Sam's Club AI work?https://www.statesman.com/story/news/state/2024/05/02/sams-club-ai-check-receipt-exit-stores-texas-locations/73526045007/ How fake stories about IRS stimulus checks took over the internethttps://www.fastcompany.com/91138837/fake-stories-irs-stimulus-checks-flood-internet-google-newsFact Check: Is The IRS Really Giving An $8700 Stimulus Check?https://finance.yahoo.com/news/fact-check-irs-really-giving-192246766.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifiedsWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page

We covered what the three financial statements are, and their most basic components. What how do they connect to each other? We'll cover some of the major connections between the three financial statements.For recruiting help, join the WSO Academy waitlist today!Contact: investmentbankinginsights@gmail.com

#220 We're at the end of our 3-part series on reading financial statements.  By now you know that reading a financial statement is one of the most important skills of a successful business owner.  The balance sheet, one of the 3 financial statements, is crucial to understand if you want to stay in business and succeed.  The balance sheet will show you if your business has a positive net worth.  If the number on your balance sheet is too low or negative, you are most likely headed for trouble.  It will show you how much short-term cash you have on hand to cover responsibilities as well as how much long-term debt you have.  Tune in to learn a simple breakdown of the balance sheet and learn what you need to know to make informed decisions your future self will thank you for! Listen to this episode, apply what you learn, and teach it to others. By the way, be sure to connect with me on Instagram! Listen and grow! Your Financial Coach, Billy   

A Note from James:Yesterday, we talked all about how James Brandolino started a hedge fund, which was a fraud upon the scheme, all the illegal activity, and how he went from civil to criminal.  You could go back and listen to that, but also, dive into some of the details here. But most of all, this one starts with James Brandolino going to jail and what happened afterward.  Episode Description:Today, we conclude our interview with James Brandolino, a former hedge fund manager who turned himself in after running a fraudulent fund. Part Two begins with Brandolino's decision to face the consequences of his actions, including his incarceration and the aftermath of his fraud. He discusses his initial attempts to die by suicide, the moment of turning himself in, and the support he received from his family despite their being victims of his scheme. Brandolino talks about the challenges in maintaining a facade, the mechanics of creating fake audits, and how he was never caught by investors, despite many opportunities. The discussion also touches on the financial crisis of 2008, providing insights into how Brandolino could have used the situation to cover up his fraud. Brandolino shares the methodology of deceiving both savvy investors and due diligence processes, culminating in his realization of the wrongness of his actions, his time in prison, and his current efforts to prevent investment fraud. The interview explores the complexities of financial fraud from the perspective of someone who lived through it, offering unique insights into the signs of fraudulent activities and the psychological burden of committing fraud. Episode Summary:00:00 The Start of James Brandolino's Downfall01:16 The Emotional Toll and Decision to Turn Himself In03:43 The Complexity of Investor Trust and Fraudulent Audits13:25 Navigating Federal Prison: A New Reality21:21 The Journey of Rehabilitation and Reflection27:15 Unveiling the Complex World of Hedge Fund Audits27:47 The Intricacies of Financial Statements and Audits29:11 Real-World Examples of Financial Manipulation29:47 The Critical Role of Auditors in Detecting Fraud32:10 Navigating the Challenges of Hedge Fund Investments38:51 From Fraudster to Fraud Investigator: A Personal Journey45:18 The Importance of Due Diligence in Investment50:33 Life After Fraud: Redemption and New Beginnings  ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn

A Note from James:Yesterday, we talked all about how James Brandolino started a hedge fund, which was a fraud upon the scheme, all the illegal activity, and how he went from civil to criminal.  You could go back and listen to that, but also, dive into some of the details here. But most of all, this one starts with James Brandolino going to jail and what happened afterward.  Episode Description:Today, we conclude our interview with James Brandolino, a former hedge fund manager who turned himself in after running a fraudulent fund. Part Two begins with Brandolino's decision to face the consequences of his actions, including his incarceration and the aftermath of his fraud. He discusses his initial attempts to die by suicide, the moment of turning himself in, and the support he received from his family despite their being victims of his scheme. Brandolino talks about the challenges in maintaining a facade, the mechanics of creating fake audits, and how he was never caught by investors, despite many opportunities. The discussion also touches on the financial crisis of 2008, providing insights into how Brandolino could have used the situation to cover up his fraud. Brandolino shares the methodology of deceiving both savvy investors and due diligence processes, culminating in his realization of the wrongness of his actions, his time in prison, and his current efforts to prevent investment fraud. The interview explores the complexities of financial fraud from the perspective of someone who lived through it, offering unique insights into the signs of fraudulent activities and the psychological burden of committing fraud. Episode Summary:00:00 The Start of James Brandolino's Downfall01:16 The Emotional Toll and Decision to Turn Himself In03:43 The Complexity of Investor Trust and Fraudulent Audits13:25 Navigating Federal Prison: A New Reality21:21 The Journey of Rehabilitation and Reflection27:15 Unveiling the Complex World of Hedge Fund Audits27:47 The Intricacies of Financial Statements and Audits29:11 Real-World Examples of Financial Manipulation29:47 The Critical Role of Auditors in Detecting Fraud32:10 Navigating the Challenges of Hedge Fund Investments38:51 From Fraudster to Fraud Investigator: A Personal Journey45:18 The Importance of Due Diligence in Investment50:33 Life After Fraud: Redemption and New Beginnings  ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to “The James Altucher Show” wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn