Blog | SMF Chartered Professional Accountant

Accounting For NFTs

August 27, 2022/0 Comments/in Blog/by Shirin

When it comes to accounting for NFTs, there are currently no specific standards set by Canadian governing bodies. What is clear is that these digital assets are classified as intangible assets which should be recorded at the price of purchase. When it comes to amortization of NFT’s this topic becomes a lot more complicated and it throws a big wrench into the question as to how one should conduct accounting for their NFTs.

When looking to account for NFTs or any other digital asset, it is always recommended to reach out to your trusted local chartered professional accountant. They should know the laws by which your province governs.

If you still have trouble navigating this concept, its completely understandable. For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services.

You can also find our services through Salam Vancouver Magazin e, Daneshmand Magazine, Meta Marketing, Salam 118, & Salam LAX.

What Is Cost Accounting?

August 19, 2022/0 Comments/in Blog/by Shirin

Definition

Cost accounting is a form of managerial accounting which focuses on the cost structure of businesses. It assigns certain costs to products, services, processes, projects and related activities. Through cost accounting, you can hone in on where your business is spending its money, how much it earns and where you might be possibly losing money. Managers and employees may use cost accounting internally to improve your business’s overall profitability and efficiency.

Elements of cost accounting include

Direct and indirect materials
Direct labor
Overheads

Types Of Cost Accounting

Standard Cost Accounting
Activity-Based Cost Accounting
Marginal Cost Accounting
Lean Accounting
Life Cycle Accounting

If you still have trouble navigating this concept, its completely understandable. For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services.

You can also find our services through Salam Vancouver Magazin e, Daneshmand Magazine, Meta Marketing, Salam 118, & Salam LAX.

A Persian Accountant Talking To Elderly Man

Persian Accountant In Vancouver

August 10, 2022/0 Comments/in Blog/by Shirin

Everyday we get requests from Persians all across the lower mainland for a Persian accountant in Vancouver which they can trust. It can be hard to find a financial advisor who knows what you are going through as a newly landed immigrant in Canada. Often times, people are looking in all the wrong places.

At SMF Chartered Professional Accountants we offer:

Accounting services in Farsi for all Persians living in Vancouver.
Farsi financial representation for all Persians living in Vancouver
Facilitating financial transactions between families in Iran & Canada.
Any custom financial requirements for Iranians living within Canada.

If you still have trouble navigating this concept, its completely understandable. For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services.

You can also find our services through Salam Vancouver Magazin e, Daneshmand Magazine, Meta Marketing, Salam 118, & Salam LAX.

Accounting In Vancouver

August 5, 2022/0 Comments/in Blog/by Shirin

Finding good accounting in Vancouver can be a troublesome task. First, you have to be sure that the person you’re dealing with not only has your best interests in mind, but also that they are competent enough to see through your goals and visions. Here are some specific situations where problems may arise when dealing with accountants in Vancouver:

They don’t fully understand your situation: Ensure to emphasize your specific concerns and decisions you’ve made which could affect you.
They don’t see your vision: Explain to them what you are trying to achieve by getting your finances in order.
They don’t understand how you make your income: For self-employed professionals, this is extremely important.
They don’t understand your errors: Speak honestly about your errors and mistakes. The more the accountant understands about your past, the more he/she can help you.
They aren’t questioned: Ensure to question everything your accountant does and have them explain to you in detail every step of the way.

For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

You can also find us through our supportive affiliate partners:

Farsi Accounting In Vancouver

July 22, 2022/0 Comments/in Blog/by Shirin

Finding the right Persian accountant who can practice Farsi accounting in Vancouver can be difficult.

Based out of North Vancouver, BC, SMF CPA chartered professional accountants is the go to stop for Persians looking for Farsi accounting services in Vancouver. At SMF CPA, we offer full service accounting for English and Farsi speakers alike.

For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

You can also find us through our supportive affiliate partners:

This post has been Search Engine Optimized By:

Iran flag with Persian colors in the wind

Farsi Accounting For Vancouver Persians

July 14, 2022/0 Comments/in Blog/by Shirin

The Farsi speaking community in Vancouver is large and vast yet Farsi accounting for Vancouver Persians is still hard to find. A lot of Persians in Vancouver are new from Iran and require an accountant which understands their specific financial troubles. We here at SMF Chartered Professional Accountants tailor our accounting communications to accommodate Farsi speaking Persians in greater Vancouver and all across the greater Vancouver area.

There are three main advantages to this:

Persians can trust that they have a clear and thorough line of communication with their accountant.
The laws and practices in Iran and Canada differ greatly. Having a knowledgeable CPA show you how to make adjustments will be a massive help in preventing rudimentary financial mistakes.
Asset transfers and taxes in Canada can be complicated for immigrants. An experienced Chartered Professional Accountant can help expedite this process and make it pain free.

If you still have trouble navigating this concept, its completely understandable. For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services.

You can also find us through our supportive affiliate partners:

You can also find our services through

Accounting For Cryptocurrencies

July 4, 2022/0 Comments/in Blog/by Shirin

Cryptocurrencies are a new phenomenon with growing popularity. With all new currencies, investments and financial tools comes new accounting regulations. You need to learn to account for your cryptocurrencies from an accounting standpoint in a transparent and advantageous manner.

Despite the increased attention digital assets are receiving, the financial reporting for these assets doesn’t fit cleanly into existing accounting guidance under US generally accepted accounting principles (GAAP).

A point to consider is that cryptocurrencies are not a debt security, nor an equity security (although a digital asset could be in the form of an equity security) because it does not represent an ownership interest in an entity. currently, by all measures it appears cryptocurrencies should not be accounted for as a financial asset.

Speak to your accountant to make sure you’re following everything by the book.

If you still have trouble navigating this concept, its completely understandable. For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services.

You can also find us through our supportive affiliate partners:

You can also find our services through

Why Hire A Professional For Bookkeeping?

June 27, 2022/0 Comments/in Blog/by Shirin

Bookkeeping is a practice which requires diligence and attention to detail. A minor mistake in basic calculations can cause financial books to represent numbers which are inaccurate. This is where a professional bookkeeper is invaluable. Not only will they save you time and money but they will also insure that the job is done thoroughly with great accuracy.

The main reasons for hiring a bookkeeper are:

Saving time.
Ensuring you don’t miss unpaid invoices.
Leaves you to focus on growing the business.
Tax season will be less stressful.
Help you identify issues with cashflow.
You’ll always be prepared for an audit.
You’ll secure loans from banks much easier.
You wont miss any credits or deductions.

We help all our clients receive all the benefits listed above.

For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

If you would like to read more about Bookkeeping, Click here.

You can also find us through our supportive affiliate partners:

This post has been Search Engine Optimized By:

What Is Forensic Accounting?

June 21, 2022/0 Comments/in Blog/by Shirin

Forensic accounting is the utilization of accounting, auditing and investigation techniques to conduct a thorough analysis of the finances of an individual or a business. Forensic accounting is the means by which fraud and other nefarious activities are discovered. Most notably it is used to convict fraudsters who swindle honest investors by inflating the incomes of their publicly traded companies.

There are three main take-aways from understanding forensic accounting:

Anyone can become a fraudster, no matter how moral they are. In most cases, people who commit financial crimes start out as honest individuals but eventually (either through greed, influence or negligence) find themselves committing fraud.
When investigating fraud, you must suspend your emotions towards the individual in order to conduct a thorough and unbiased investigation. What forensic accountants look to do is find crime & inconsistencies, not to make a moral judgement against another human being.
Pay attention to everything. It is nearly impossible to swindle a diligent man out of their money. Keep your eyes open and pay attention to everything when it comes to your money.

For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

If you would like to read more about Forensic Accounting, Click here.

You can also find us through our supportive affiliate partners:

This post has been Search Engine Optimized By:

Accountant talking about financial statements

The 4 Most Important Financial Statements

June 14, 2022/0 Comments/in Blog/by Shirin

In order to understand how a company’s financial standing is, you will be required to familiarize yourself with these 4 financial statements:

The Balance Sheet – The balance sheet reports the company’s assets, liabilities, & owners equity at a given point in time. It is usually the best place to start because it gives a good overall idea about how the company is doing.
The Income Statement – The income statement reports the company’s income, expenses, & profits over a period of time. The income statement provides information on the companies operations and sales numbers. It can give you a good idea as to whether or not the company is falling short in terms of production.
The Statement Of Retained Earnings – The statement of retained earnings provides information on changes in equity and effectiveness of reinvestment. What you want to see is how much the company is investing in its own future and how effective that investment is in terms of growing the company.
The Statement Of Cash Flow – The statement of cash flow shows the company’s cash flow activities in terms of financing, investing and operations. For companies which rely on regular intervals of income from subscribers or affiliates, this statement will show how solvent the company is.

For more information please feel free to contact us at 778-989-5280 or email us at shirin@accountant-vancouver.com & if ever in doubt, reach out to a trusted CPA (Chartered Professional Accountant) for help and they will ensure that you don’t fall into any trouble.

Shirin Moshirfatemi is an experienced Persian accountant based out of North Vancouver which offers CPA services to English and Farsi speaking clients. With more than 20 years of experience, she understands that Persian accounting in Vancouver is invaluable to new comers. Finding a Farsi speaking accountant in North Vancouver which you can trust is invaluable. If you are new to Canada, you don’t need to worry because SMF is the one stop accounting firm for Persian & Farsi speaking accounting services. We work with great partners!

If you would like to read more about Financial Statements, Click here.

You can also find us through our supportive affiliate partners:

This post has been Search Engine Optimized By: