{"id":119776,"date":"2024-01-11t12:30:07","date_gmt":"2024-01-11t17:30:07","guid":{"rendered":"\/\/www.g005e.com\/?p=119776"},"modified":"2024-02-13t17:41:48","modified_gmt":"2024-02-13t22:41:48","slug":"two-factors-determine-firm-profitability","status":"publish","type":"post","link":"\/\/www.g005e.com\/2024\/01\/11\/two-factors-determine-firm-profitability\/","title":{"rendered":"two factors determine firm profitability"},"content":{"rendered":"
<\/strong><\/p>\n you\u2019d think accountants could agree on a common definition. nope.<\/strong><\/p>\n by marc rosenberg<\/i> if you asked the president of a fortune 500 company or the owner of a restaurant to define profitability, they would be able to give a quick, definitive answer. not so with cpas.<\/p>\n surely, you\u2019ve heard the story, perhaps apocryphal, of the company that was interviewing for a new cpa firm. only one question was asked of each candidate: \u201chow much is two plus two?\u201d the firm that won the bid gave the answer, \u201chow much would you like it to be?\u201d<\/p>\n more: <\/b>don\u2019t make firm profitability a goal<\/a> | core values: why your firm needs them<\/a> | voting on ownership basis? three better methods<\/a> | fifteen big questions for your next strategy session<\/a> the same can be true of cpa firm profitability. how do we measure it? you would think that the uncontested champions of measuring financial data, cpas, would have this down to a science. but such is not the case.
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