Angela Verticchio invited CEO to visit Carlinville CPA.
Boring taxes? Not in the least! The team reviewed “debits and credits” and “equity = assets - liabilities” by reviewing their badge business and the real world application of accounting.
Angela reviewed the steps a business takes in managing their finances like buying inventory which is still an asset but risks depreciation. For example, the team bought inventory - polos and quarter zips - to promote their sponsors. The value of their inventory decreases in being worn but increases as a marketing tool. And the outcome? Profit!
Thanks Carlinville CPA for being investors and thank you, Angela, for breaking up into two days to accommodate the space!
07Oct


