accounting firm econ. 101, including a sample income statement.
by marc rosenberg
the rosenberg practice management library
all businesses have economic structures unique to their industries:
- grocery stores are high volume, low-profit margin.
- real estate ventures use accelerated depreciation and other tax angles to generate cash flow and healthy rois.
- professional sports teams focus on increasing the value of the franchise so it can eventually be sold for a gigantic profit.
more: a crash course in the business of public accounting | how to get promoted to manager | how to create a path to partner | making partner: what managers need to know | the 17 rules for making partner at a cpa firm | who shouldn’t be a partner? | nine reasons people are promoted to partner | how to make partner?
exclusively for pro members. log in here or 2022世界杯足球排名 today.
the typical cpa firm is a low-volume, high-priced business, with a relatively high-profit margin (generally 30-45 percent of revenue).
to read the full article
