Just as general managers and coaches have used analytics to transform the game of basketball, we must use these tools to make our businesses smarter and more efficient.
If your firm and its CPAs want to truly be successful, then their role can’t just be as a one-dimensional tax or audit professional. They must be multifaceted. They need to be Johnny Depp!
Between the reduction in revenue (from deferred revenue) and decrease in gross profit (from inventory), an acquired company’s reported financial performance can look significantly worse during its first post-acquisition year than its underlying activity would actually indicate.