Accounting

The Value of An Audit

August 02, 2016

Most companies will, at some point, need to go through an audit. This may be driven by merger with or acquisition by a larger or public company, a company going public itself, or just with capital infusion from an institutional investor who requires audited financials. Audits may sound painful, and they can be, but they offer substantial value to companies and their leadership.
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Accounting

Why Having Accurate Financials Is Important

August 02, 2016

Entrepreneurs often wonder if preparing financial statements is a necessary activity or an indulgence they can postpone to a later time. However, each of the three components of financial statements serves a critical purpose in communicating the financial status of a business: the income statement details the profitability of the business, the balance sheet indicates the business’s net worth, and the cash flow statements describe how cash is generated and used.Read More