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accounting arc

royalties, residuals, and reality checks | arc-slc

cpas translate fame into cash flow, contracts, and accountability. 

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accounting arc – student-led conversations
with harshita multani
center for accounting transformation

in a special episode of accounting arc: student-led conversations, student host harshita multani interviews jeff frable, cpa, cgma, a partner at cck strategies in tulsa, okla.; aurmaudra bradley, cpa, president of the naba indianapolis chapter; and video producer dave maresca with the center for accounting transformation and 卡塔尔世界杯常规比赛时间, about the financial mechanics behind modern entertainment—and the accountants who make the numbers work. 

more accounting arc: free speech is a right; respect is a responsibility | cash bags, casinos & audits: how first jobs shape us | gen z redefines careers | bootleggers, baptitsts & cpas: rethinking licensure | cpa firm ownership under fire | walking violation: when showing your cpa gets you in trouble | audit bags to tiktok tags, gen z talks success | students challenge accounting’s traditional career path | true grit: recognizing struggles that shape our successes |more admins, fewer students, no plan | what career advice gets wrong for gen z – and how to fix it | your identity is not a liability | burnout, be gone: accounting needs a boundary breakthrough

the panel opens with favorites ranging from the movie “back to the future” to the tv show “lost,” then quickly moves to the business beneath the screen. bradley says the shift from box office and album sales to streaming platforms fundamentally changes how talent gets paid and how accountants track performance. she points to the recent labor actions in hollywood as an example of residual models catching up to platform economics. in 2023, both the writers guild of america and sag-aftra cited the rise of streaming and reduced residuals as central issues during historic strikes that disrupted production across the industry.  

frable emphasizes that the profession’s core value does not change. “you do you, and i’ll do me,” he says. artists and athletes deserve to focus on their craft while accountants manage contracts, taxes, and cash flow.

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marketing & sales

four ways to prepare pros to bring in new business

two women shaking hands across a table

like anything else, it requires practice.

by august aquila
max: maximize productivity, profitability and client retention

i have often been asked, “what is the best way to prepare professionals to bring in new business?” i think the people who ask this question are trying to find an easy answer to a more complex issue.

more by august j. aquila
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unfortunately, there is no single approach that will do the job. but now, having said that, let me offer you the following four approaches that will give you some idea of what to do. as the saying goes, “different strokes for different folks.” so, use the ones that work best for your firm and the individuals in it.
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outlook & analysis

emerging pros need more than tech training

rebekah olson, cpa, ceo, maryland association of cpas 2025
olson

two ways to close the skills gap.

by rebekah olson, cpa
ceo, maryland association of cpas

many of us in the profession have felt a particular challenge for years: the lingering effects of the pandemic that have impacted the development of foundational professional and communication skills.

more on talent, career development, staffing, and recruiting

this gap isn’t just about technical know-how – it’s about the ability to lead, communicate and thrive in a profession built on trust, relationships and adaptability.

we can’t afford to let gaps in professional and communication skills hold back the next generation of leaders. by investing in cohort-based learning and encouraging state society involvement, we strengthen our profession and create professionals better equipped to serve, lead and thrive.

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pricing, fees & billing rates

how to choose which clients to scope

it’s all about risk.

by jody padar
radical pricing – by the radical cpa

scoping is a time commitment, so know that the client is worth the commitment and they have the revenue to back it. start by setting a minimum price point you will charge for the assessment process. if the client falls below your threshold price point, it doesn’t mean you’re not going to scope them, it just means the process will be less complex and can probably be done within an hour.

more by jody padar
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

for smaller clients, it helps the process if they arrive at the assessment with all the necessary information. you can look at their quickbooks data and tax returns to get a strong sense of what they need and how long it will take to deliver. scoping a small, straightforward client will become second nature with time. but be careful about being too casual when scoping smaller clients. if you miscalculate, you are still opening your firm up to risk.

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management

what internal controls mean to clients

man writing in notebook

and how to explain them.

by ed mendlowitz
77 ways to wow!

what are internal controls? auditors widely use this term. it also appears multiple times in engagement letters for audits of businesses and not-for-profits, but i do not believe many outside of the accounting profession really know or understand what internal controls are. i will try to explain it here.

more by ed mendlowitz
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

internal controls refer to an organization’s system of deterrence, oversight, checks and balances. an illustration is where someone in a business writes and mails the checks to pay a bill. if this same person then receives the bank statement and performs the reconciliation of that account, there would not be any control or oversight on that person and whether the payment was proper and not misdirected. they are checking their own work. this is how many frauds occur.
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