The Changing Times and What It Means for Accountants
There are significant changes happening in accounting and we are in a transition period. The human role in the near future will lie in the ability to synthesise various domains of knowledge, creativity, deep expertise, and knowing when AI helps and when it does not.
General Ledger Anomalies Detector (Demo version) 🛠️
This beta demo-version tool helps identify unusual journal entries by analyzing patterns in financial data.
Valuation of American Options
This blog post explains the binomial model for valuing American options, and provides an Excel template for accountants to quickly estimate the fair value of these options.
Valuation of European Options
This blog post explains the valuation of European options using the Black-Scholes model, and provides a practical Excel template for accountants to roughly estimate the fair value.
Quantitative Approach to Auditing Forecasts in Going Concern Assessments and Valuations
This post discusses how using methods like time series analysis and regression can improve the accuracy of going concern assessments in audits.