Zeroed-Insights
Lessons learned in a decade of accounting, Part 3
It might not surprise you to learn that of all the paths you can take in the world of professional accounting, the one that led me to co-founding Zeroed-In was my favorite and best decision. Learn why I think that the Zeroed-In business model is the perfect blend of public and corporate accounting. Warning: I might be a bit biased here.
Lessons learned in a decade of accounting, Part 2
Last time I checked in, I shared my personal (and complex) journey through the world of accounting. We touched on the path of public accounting; now, let’s talk about what it looks like to run the corporate accounting and start-up paths.
Lessons learned in a decade of accounting, Part 1
I graduated college in 2013 from California State University, Fullerton with a degree in Business Administration with an emphasis in Accounting. I didn’t always want to be an accountant, but I favored career stability and climbing the corporate ladder, so accounting seemed like the logical choice. Almost a decade and several detours later, I thought I’d share my journey of how I went from an auditor at an international CPA firm to future-forward financial consulting firm.
The Engine Behind Big Data: Power Query
Excel is one of the most widely used software tools today. You don’t have to be an accountant anymore to use Excel due to the simplicity of its interface and the power and versatility that it has. But what if I told you that you’re only using Excel at 40% capacity?
New accounting standards you should know, Part 5: Farewell to LIBOR
For anybody in the accounting world, one thing is clear: accounting standards never stay the same. In this multi-part series, “New accounting standards you should know,” I will catch you up on the latest accounting standard updates. Previously, we examined the latest updates for business combination accounting (ASC 805). For our final article of the series, let’s talk about the end of LIBOR.
New accounting standards you should know, Part 4: Tweaks to your business combinations (ASC 805)
For anybody in the accounting world, one thing is clear: accounting standards never stay the same. In this multi-part series, “New accounting standards you should know,” I will catch you up on the latest accounting standard updates. Previously, we talked about simplifications to the accounting for complex debt and equity. This week, let’s look at some more improvements, this time in business combination accounting (ASC 805).
New accounting standards you should know, Part 3: Making complex debt and equity less…complex
For anybody in the accounting world, one thing is clear: accounting standards never stay the same. In this multi-part series, “New accounting standards you should know,” I’ll catch you up on the latest accounting standard updates. Previously, we talked about the current expected credit loss model (CECL) under ASC 326. Today, let’s look at simplifications for complex debt and equity.
New accounting standards you should know, Part 2: Credit losses both now and later under CECL (ASC 326)
For anybody in the accounting world, one thing is clear: accounting standards never stay the same. In this multi-part series, “New accounting standards you should know,” I’ll catch you up on the latest accounting standard updates. Previously, we talked about the recent overhaul to revenue recognition due to ASC 606. Now let’s dive into something even sexier: the Current Expected Credit Loss (CECL) model under ASC 326.
New accounting standards you should know, Part 1: The 5 steps of revenue recognition under ASC 606
For anybody in the accounting world, one thing is clear: accounting standards never stay the same. Accounting standards boards are constantly updating authoritative guidance to keep accounting in step with the latest business developments and new industries, and recent years have seen an overload of completely new frameworks for critical areas of a business such as revenue recognition, leasing, acquisitions, and investments. We recently touched on the new lease standard of ASC 842; this multi-part series will catch you up on other impactful accounting standard updates to be aware of. Kicking off the series, we look at revenue recognition.
Data-driven Decisions and Why they Work, Part 2
Last week, I introduced you to the flaws of gut instinct and the harsh realities (but necessary wake-up calls) that data can demonstrate as well as author and Nobel Prize winner Daniel Kahneman’s “prospect theory,” which describes how people choose between different options (or prospects) and how they estimate (with bias) the perceived likelihood of these options. Now, let’s talk about how to avoid mistakes that our biased minds are programmed to make.
Data-driven Decisions and Why they Work, Part 1
Watch any episode of Mad Men and you will see Don Draper and his executive peers making big business decisions with their tried-and-true gut instincts. While fictional characters continue to see success with this approach, it’s quickly becoming an archaic way of doing business in the real world. Executives are now embracing technology like data analytics to bolster their decision-making. Learn how the process of business intelligence can help with driving your company’s strategy – no matter the size of your business.
Get Ready for Climate Change…Disclosures, Part 3
ESG criteria are becoming increasingly popular in the market and in the world of business, and regulators are starting to follow suit. Their first topic of focus: climate change. We introduced you to the some of the new disclosures that may be required in the near future. This week, we close with the audit and/or review requirements over those disclosures. Get ready for attestation 101.
Get Ready for Climate Change…Disclosures, Part 2
ESG criteria are becoming increasingly popular in the market and in the world of business, and regulators are starting to follow suit. Their first topic of focus: climate change. Last week, we broke down the SEC’s proposed disclosure requirements for publicly traded companies in the US. This week, we examine exactly what those disclosures may be.
Get Ready for Climate Change…Disclosures, Part 1
ESG criteria are becoming increasingly popular in the market and in the world of business, and regulators are starting to follow suit. Their first topic of focus: climate change. Join us for this three-part series as we break down the rules recently proposed by the SEC for publicly traded companies in the US, and see what new disclosures may be required in the near future.
The ABCs of ESG
ESG has become a buzzword in the working world recently. The general public wants it, investment companies want to provide it, and companies are being pushed more and more to focus on it. But what the heck does ESG even mean? And why does it matter?
COVID-19 Tax Credits: The Employee Retention Credit and other credits to discuss with your tax professional
With the passing of this last tax season, many of us (likely all of us at Zeroed-In) will try to forget about taxes for the next 8 months until we have to go through year-end filings again. And to be clear, Zeroed-In is not a tax consulting firm nor do we claim to be tax experts; however, it’s worth compiling information on some of the tax relief available for businesses in 2020 and 2021 as a result of COVID-19.
Going the SPAC route and how it hits your accounting, Pt. 2
Last week, we discussed the reason for the sudden popularity of Special Purpose Acquisition Companies, the long runway of the standard IPO process and alluded to the challenges to consider when deciding to go the SPAC route. Let’s examine those challenges now.
Going the SPAC route and how it hits your accounting, Pt. 1
SPACs (or Special Purpose Acquisition Companies) have exploded in the business scene, initially gaining global popularity in 2020. Providing a less-intensive path to the traditional IPO process, nonpublic businesses have more options to go public than ever before. While going public is now in sight, there are still significant financial challenges to be considered as you begin the SPAC process. In this two-part series, I will explain a common SPAC scenario and the possible risks to assess when deciding to take the SPAC route.
Two Qualities Every High Performer Should Have
As I get older and progress through my career, I find that there are two qualities that all high performers exhibit on a daily basis. Before I dive in, think about someone at your current or previous job that you admired or was the “go-to individual” to accomplish a task. I can almost guarantee you that they had two very important qualities. Those qualities are Accountability and the Ability to Execute.