{"id":56500,"date":"2018-11-19t12:00:54","date_gmt":"2018-11-19t17:00:54","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=56500"},"modified":"2018-12-16t16:12:47","modified_gmt":"2018-12-16t21:12:47","slug":"what-consulting-is","status":"publish","type":"post","link":"\/\/www.g005e.com\/2018\/11\/19\/what-consulting-is\/","title":{"rendered":"what consulting is"},"content":{"rendered":"
<\/a>first you have to master the basics. by ed mendlowitz<\/i> there are three broad types of work cpas do \u2013 financial reporting attestation and support, tax compliance and planning, and management advisory or consulting services.<\/p>\n more:<\/b> make obsessed leadership work for you<\/a> | roger is my only client<\/a> | blown loan covenants and how to recover from them<\/a> | beyond the numbers: be a friend<\/a> | perception becomes reality<\/a> | the making of a consultant<\/a> the consulting part could be described as anything a cpa does that doesn\u2019t fall into the first two categories. good accountants use all their skills all the time, but consulting could be said to be actually applying all their skills to a specific problem to present possible solutions. so it is with consulting. you need to learn the basic skills, and by using your sense of observation, inquiry and stick-to-it-ness the brain\u2019s analytical ability will digest everything and offer up solutions. without the basic skills, i don\u2019t see how effective consulting can be done.<\/p>\n the better consultants are the more experienced of us who have built a reservoir of knowledge that is applied to current seemingly unrelated situations. consulting grows out of our other disciplines. for example, a tax preparer reviewing a return with a client might catch a remark that the client wished she had more income from investments because she wanted to have funds to start a business. the alert preparer would draw out the client to express her goals and offer to assist with the business plan and some methods of how financing can be obtained. that is consulting!<\/p>\n another example of being a consultant is when an auditor sees a laxity while reviewing a client\u2019s internal control and not only tells them about it but suggests a method of correcting it.<\/p>\n auditing and tax preparation are the learning-to-walk process for the cpas who become consultants.<\/p>\n consulting can be an extra when you are not specifically engaged for it. the cpa\/consultant will carry it forward to special value-providing engagements.<\/p>\n","protected":false},"excerpt":{"rendered":" <\/p>\n
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