Financial Health Beyond Financial Statements

While financial statements can help the monitoring of a company’s performance, they may not provide enough information to determine financial health. Often, undisclosed liabilities and risks are important determinants. There are several ways a CPA can help stakeholders identify unrecorded items through either agreed upon procedures (AUPs) that target specific accounts or external auditing procedures.

The what, how and why of job cost reporting

Job cost reporting is the system used to code and earmark project expenses to maintain or improve financial efficiency and profitability. Custom work calls for continuous supervision because once you begin a contracted job, it’s easy to concentrate on finishing the project rather than monitoring depleting resources. From the architect drawing up blueprints to the general contractor constructing a medical plaza, you need to keep track of expenses to produce the best financial results.