Episódios
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5 Steps to Deciphering the Statement of Cash Flows
Follow these steps to transform from confused to confident in your financial statement analysis. -
Struggling with financials?
Attorneys, ever feel lost in a sea of numbers?
Confused by income statements in valuations?
Your secret weapon?
Accrual over cash accounting.
Why? Realistic earnings snapshot. -
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Memorial Day is a solemn occasion dedicated to honoring the brave men and women who made the ultimate sacrifice in service to our country. As we remember those who risked and lost their lives, we reflect on their courage and the profound impact of their sacrifice. Being a veteran myself, I stand in deep reverence for my fallen comrades who are no longer with us. Today, we unite in gratitude and remembrance, ensuring their legacy lives on in our hearts and minds.
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This week we'll discuss how to choose between debt and equity for business growth.
We'll cover the differences between borrowing money for short-term needs and owning a share for long-term goals, their costs, and how they impact your control over the business.
We'll also highlight the importance of considering the exit strategy, as debt has a set end date, while equity can be indefinite. -
Ever felt that gnawing in your gut, but you played it safe instead?
Story Time:
I once sat on a deal that smelled like trouble.
Good on paper, but my gut screamed 'no'.
Ignored it.
The deal? A disaster. Taught me more than any success ever did. -
Discover the intricate world of business valuation, where normalizing expenses unveils companies' true value, ensuring fairness and accuracy in financial assessments.
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End Fraud Now!
Stop Fraud in Its Tracks Through Strong Controls
Internal controls are essential for ensuring operational integrity
Financial reliability, and legal compliance within organizations. -
Ever found $30K in 'entertainment' expenses and wondered...why so entertaining?"
Business partners decided it was time to sell. But first, a valuation.
Diving into the books, we stumbled upon an unusual expense spike.
Entertainment' costs soaring. Curiosity piqued.
A closer look revealed a recurring name: 'Stiletto'.
Stiletto's wasn't a shoe brand. It was a gentlemen's club. -
Ever found a Picasso in the attic?
Sounds absurd, right?
But in my world, it's just another Tuesday. -
Ever mediated a vacuum cleaner dispute? Behind the scenes...
Lawyers, laughter, and a vacuum. Sounds like a sitcom, right? Nope. It's divorce court reality. -
Explore the hidden depths of financial statements where profit numbers may not always tell the full story. This episode unveils the subtle art of reading between the lines, empowering attorneys to uncover the truth behind the figures.
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Explore 'The Legal Ledger' podcast, where we unravel the role of forensic accountants in legal dramas. Discover how they turn the tide in court cases, from fraud detection to dispute resolution. Quick, engaging talks for attorneys and finance buffs. Tune in for insights on making every number count in the courtroom!
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Why are forensic accountants so expensive?
Let me explain...
Imagine you're trying to complete a massive, intricate jigsaw puzzle.
This puzzle is made up of tiny pieces
Each represents a financial transaction or activity.
A forensic accountant is like a puzzle master
Who meticulously examines, analyzes, and fits these pieces together
And creates a clear picture of a person’s or company’s financial situation. -
The importance of site visits in business valuation is highlighted. Site visits provide a deeper understanding of a company's operational aspects, tangible assets, and overall environment, revealing insights that financial statements alone cannot capture. They verify data accuracy, offer operational insights, assess risks, verify tangible assets, and consider environmental and locational factors. Site visits are a crucial component in achieving more accurate and reliable business valuations.
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As a seasoned business valuation expert, I understand the intricate art and science of determining a company's worth. However, there are instances where aligning with a client's attorney's approach isn't straightforward. Let's delve into the reasons why I might be unable to meet a client's business valuation request in the precise way their attorney desires while keeping independence, business valuation approaches, Revenue Ruling 59-60, professional standards, and objectives in mind
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Let's imagine you're selling your house
When someone wants to buy it from you, they have to pay you money.
sometimes there's a disagreement about how much money should be paid
we need to figure out the right amount in a fair way
There are two special tools that are used to figure out the fair amount of money
One is called the "cost of equity," and the other is the "safe rate."
Cost of equity: would be suitable if your house was part of a larger property or real estate market
considering factors like how much the property value changes over time and the extra profit people expect for taking on the risk of owning property -
Why does a valuation cost so much???
A business valuation is figuring out how much a company is worth.
It's essential for many legal and financial situations.
Such as buying or selling a company.
Resolving disputes, or dealing with taxes. -
When life gives you lemons... Bargain!
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