Accountor CPA’s Post

The announcement of an upcoming sequel to 2015's "The Accountant" brings back memories of a CPA event I attended right after finishing my studies. Real party atmosphere, let me tell you! Picture this: a room full of accountants buzzing with excitement - not about tax regulations or audit procedures - but about Ben Affleck playing one of us on the big screen! Why such enthusiasm? While our legal colleagues down the hall regularly see themselves portrayed in glamorous TV shows and blockbuster films, us CPAs? We're typically cast as the bland supporting characters - if we appear at all. So here was Hollywood, with an A-list star, in a film actually called "The Accountant"! Of course, they had to add assassins and mob connections to spice things up (because apparently, GAAP standards aren't thrilling enough). But here's the real takeaway: While your CPA may or may not be a secret hitman, we do have our own superpower - the ability to uncover crucial insights in your financials that can transform your business. Dramatic plot twists are optional.

Lights, camera, action! While the glitz and glamour of Hollywood often showcase larger-than-life heroes and heart-pounding adventures, there's one profession that doesn't always take center stage: accounting. Yet, amidst the explosions and romance, there are a few films that dare to shine a spotlight on the world of number-crunching and financial intrigue. One of these movies is "The Accountant". In this action-packed thriller, Ben Affleck takes on the role of Christian Wolff, a forensic accountant with a mysterious past and exceptional skills. Wolff's talent for uncovering financial discrepancies leads him down a dangerous path, where he must navigate criminal organizations and confront his demons. "The Accountant" challenges stereotypes by presenting an accountant as a dynamic protagonist with extraordinary abilities. This portrayal highlights the diverse skill sets and problem-solving capabilities that accountants possess, showcasing them as more than just number-crunchers. The film also underscores the importance of integrity and ethics in the accounting profession, as the protagonist grapples with moral dilemmas and seeks redemption for past actions. The film goes beyond the surface-level portrayal of accountants as mere bean counters, offering nuanced insights into the complexities of the profession. So, the next time you watch a movie featuring an accountant, take a moment to consider the deeper themes and insights it offers about the profession. You may find that there's more to accounting than meets the eye and that the skills and principles it embodies are truly worthy of the silver screen. Cheers to all the Accountants 🥂 🥂 . Cheers to a fabulous week. #BookkeepingandAccounting #AccountingAdventures

🚨 Is Your Accountant Helping You Steer Clear of Trouble—Or Are You Driving Blind? Imagine driving blindfolded on a highway—you wouldn’t, right? But many businesses are doing just that when it comes to their finances, expecting their accountant to act as their lookout. The truth is: ❌ Not all accountants are equipped—or even hired—to flag potential financial red flags. ❌ Many business owners assume their accountant will catch and report issues before they become disasters. ❌ The lack of clarity about what your accountant is (and isn’t) doing could lead to financial trouble. Here’s how to avoid the blindfold: 1️⃣ Clarify Responsibilities: Ask your accountant exactly what they’re doing. Are they providing reports? Analyzing trends? Identifying risks? 2️⃣ Set Expectations: Understand what’s not covered. If they’re not analyzing cash flow, forecasting, or spotting risks, you need to know. 3️⃣ Fill the Gaps: If your accountant isn’t the right fit, it’s time to bring in someone who can help you keep an eye on the road ahead. 💡 The right financial partner doesn’t just track the numbers—they help you anticipate what’s coming. --- QUESTION: Have you ever been surprised by a financial issue in your business that you thought someone else was keeping an eye on? How did you handle it? #BusinessFinance #SmartLeadership #FinancialClarity

Trick or Cheat! Scariest movies for accountants! Michael Myers. Jason Voorhees. Freddy Krueger. Pennywise, the Clown... These characters don't scare accountants (well, Pennywise scares me). Accountants are scared of characters like Kenneth Lay, Bernie Madoff, Gordan Gekko, Frank Abagnale Jr., and other corrupt executives who (usually via collaboration) fold to corrupt practices, symbolize unethical behaviors, commit financial statement fraud, or disregard the law. Here are 10 films that might put the heebie-jeebies into a CPA! - The Big Short - Wall Street - Enron: The Smartest Guys in the Room - The Wolf of Wall Street - The Wizard of Lies - Boiler Room - Glengarry Glen Ross - Funny Money - Inside Job - The Accountant Happy Halloween!!! What movies scare you?? #CPA #publicaccounting #accountant #theCPAcoach #scarymovies #fraud #coach

Accountants are financial heros😁😁. We don't just deal with numbers, we're the masters of bringing clarity to financially chaotic situations. We're the strategists who uncover hidden opportunities, the perfectionists who ensure every penny is in its place, and the storytellers who bring data to life. Cheers to all accountants out there, the guardians of financial stability, the architects of business success, and the ones who make sense of it all. Cheers to late nights, complex reports, and the pursuit of business success for our various industries. We may not wear capes, but we're the superheroes of the business world. #finance #accountants

"We might have one foot in hell." That was the expression from the mouth of my partner and mentor at a weekly meeting with staff when I was still at an accounting firm some time ago. "If we don't prepare accounts and audits correctly, then one mistake will put us in hell. The reason is, when financial statements and accounting work are not accurate, then the zakat calculation will also be inaccurate." That was his main point... which was with regards to the calculation of business zakat that customers are obliged to pay. But it's actually not just that. A correct financial report is also a must in an organization. This is because financial statements provide a comprehensive view of the company's financial health, including its economic resources and obligations. It is worth to remember that financial statements can help organisations in making decisions by providing information that can be used to assess the company's performance, liquidity, and efficiency. I was taught this way and this is what I practice. And this is also what I emphasize to the team members under my current leadership. Accounting is about recording and reporting what has happened. It cannot be changed. But what is reported will change the future based on the financial decisions we make. Hopefully what we report can be used for good. And by the end of this life, insyaa Allah, may this job will take us to heaven, and not the other way around! Lokman H. Hashim ACMA, CGMA a.k.a. Ben Affleck #TheAccountant #principle #financialreport #true #fairview

Let’s throw some glitter on the dazzling array of roles within the accounting department! 💫 Did you know that accounting is more than just hitting the calculator like it owes you money? It’s a vibrant world bursting with opportunities that fit every skill set and passion! 🎉 From forensic accountants who play financial detective, sleuthing out discrepancies, to tax specialists who are basically superheroes for your returns, the accounting universe is a treasure trove of intriguing roles. Ever heard of a management accountant? They’re the savvy sidekicks to business leaders, using financial insights to make strategic decisions that would make even Batman proud! 💡 And here’s a cheeky tidbit: The word "accountant" comes from the French word "computer," which means "to count." So really, every accountant is just a number wizard in disguise, conjuring spells of financial clarity and strategy! ✨ Eager to dive deeper into the colorful world of accounting and discover how these roles keep organizations ticking? Check out this enlightening article by Complete Controller! > https://hubs.li/Q02N6JmF0 Let's give a round of applause for the incredible work accountants do every day! 👏 What’s your favorite accounting role or a fun experience you’ve had? Share in the comments below! 👇💬 #AccountingOnTuesday #AccountingRoles #FinanceFun #CompleteController #business #smallbusiness #smallbusinessowner #success #entrepreneur #taxes #numbers #finances #banking #saving #budgeting #

Once upon a time, I had a client who approached me in desperate need of understanding their books after their former bookkeeper had committed fraud. My task was not only to uncover evidence of the fraud for an upcoming trial but also to help them regain financial stability. They would substantially increase my cash flow, which made me eager to work with them. However, I soon encountered a series of challenges. Instead of one person making final financial decisions, I found myself reporting to several board members in frequent one-on-one meetings. Each board member had different projects in mind, making my workload hectic. Nevertheless, my strong work ethic drove me to deliver the best possible service to this client, and I ended up learning a lot from the experience. After a year, it became evident that the board of directors would settle for nothing less than an in-house accounting team. When I reviewed my expense report after that year, I realized my profit margins were below expectations. Rather than increasing profit, I was only boosting cash flow. As a business owner, I prefer my earnings to remain as profit that I can reinvest and expand at my discretion. Ultimately, despite their substantial payments, this client was negatively impacting my business's net profit, and I knew something had to change. I assisted them in transitioning to hiring an in-house accounting team and stayed on as an external consultant to ensure no fraudulent behavior recurred. Additionally, I educated them on ethical guidelines to safeguard their company. If this story resonates with you, it may indicate a profit issue in your business. Fortunately, my Profit First coaching program currently has two openings for new clients looking to significantly boost their profitability. Don’t hesitate—reach out for a Discovery call today and discover how you can dramatically improve your bottom line. #coaching #profitfirst #systemsforsuccess #provisors #sj4

Accountants in Pop Culture: Myths, Realities, and Stereotypes - Accounting ARC: From "The Office" to "Parks and Recreation," listen in on how TV and movies shape our view of accountants. Accounting ARC With Liz Mason, Byron Patrick, and Donny Shimamoto Center for Accounting Transformation Accountants are often depicted in popular culture in ways that range from humorous to downright exaggerated. In a recent episode of ARC, hosts Liz Mason, CPA; Byron Patrick, CPA.CITP, CGMA; and Donny Shimamoto, CPA.CITP, CGMA, delve into these portrayals, discussing their favorite fictional accountants and the stereotypes that come with them. EPISODE NOTES here http://dlvr.it/TBdsSK

The Finance Team - The Dream Stiflers or the Realists We Need? Have you ever had that love-hate relationship with your finance team? I know I have. Especially in times like these, they’re the ones who bring the hard truths— the worst-case scenarios, the risks, and the numbers that don’t lie. While the rest are focused on growth, possibilities, and dreams, the finance team often feels like the ones saying, “Hold up, what about this?” It can feel like they’re stifling optimism, putting brakes on big ideas, and playing devil’s advocate when all you want is a green light. But here’s the thing: Someone has to do it. In times of uncertainty, having someone in your corner who will challenge assumptions and paint the full picture— good, bad, and ugly—is invaluable. Because while it’s not always what you want to hear, it’s what you need to know. The finance team doesn’t just stop dreams; they ground them. They give you the clarity to see where you really stand and what steps are necessary to make those dreams a reality without losing sight of the risks. So, here’s to the finance teams everywhere— holding the line, being the realists in the room, and ensuring we move forward with our eyes wide open. What’s your experience working with the finance team? Love them? Hate them? A bit of both? #Finance #FinanceTeams #BusinessResilience #DevilsAdvocate #DreamsAndReality #Business #Accounting #Accountants