Category Archives: Financial Reporting

What to Know When You’re Transitioning Accounting Duties

This article is by Mark S. Becker, Partner, CFO Edge, LLC. Transitioning accounting duties comes into play in scenarios like an acquisition, a merger or outsourcing accounting to a third-party services provider. Challenges in transitioning accounting duties occur if procedures … Continue reading

Posted in Accounting Systems Design, Acquisition Accounting, CFO Services, Financial Reporting, Los Angeles, Merger & Acquisition Planning | Tagged , , , , , , , , | Leave a comment

How Much Financial Data is Too Much Financial Data?

This week’s article is by Mark S. Becker, Partner, CFO Edge, LLC. Charged with delivering financial information to management, a finance team can sometimes provide too much data with negative impacts in many areas. When management receives too much financial … Continue reading

Posted in Accounting Systems Design, CFO Services, Financial Communication, Financial Reporting, Financial Statements, Los Angeles, Management Reporting | Tagged , , , , , , , , , , | Leave a comment

Now is the Time to Prepare for New Accounting Standards

This week’s article is by Arthur F. Rothberg, Managing Director, CFO Edge, LLC. Rapidly-approaching implementation dates for FASB and IASB changes in revenue recognition and lease accounting mean now is the time to prepare for new accounting standards. Revenue Recognition … Continue reading

Posted in Accounting Standards, CFO Services, Contract Negotiation, Corporate Governance, Financial Covenants, Financial Regulations, Financial Reporting, Financial Statements, Generally Accepted Accounting Principles (GAAP), Lease Accounting Changes, Los Angeles, Revenue Recognition | Tagged , , , , , , , , , , , | Leave a comment

Why Management Reporting Is More Critical Than Ever

This week’s article is by Mark S. Becker, Partner, CFO Edge, LLC. Management reporting is more critical than ever due to the accelerated pace at which businesses, industries and markets move and change. Incomplete, delayed or inaccurate financial reports have … Continue reading

Posted in CFO Services, Financial Reporting, Financial Statements, Los Angeles, Management Reporting | Tagged , , , , , , , , , , , | Leave a comment

How to Prepare Your Integrated Financial Plan for Investors

This week’s article is by Mark S. Becker, Partner, CFO Edge, LLC. Demonstrating growth prospects and potential for high ROI attracts venture capital, and your probability of closing a venture deal increases in proportion to how thoroughly you prepare your … Continue reading

Posted in CFO Services, Equity Financing, Financial Planning & Analysis (FP&A), Financial Reporting, Financial Statements, Financing Presentations, Investor Presentations, Los Angeles | Tagged , , , , , , , , , , , | Leave a comment

Should You Consider Implementing Project-Based Accounting?

This week’s linked article is by John W. Braine, Partner, CFO Edge, LLC. Project-based accounting (or PBA) is frequently applied by project-based businesses in manufacturing, construction, professional services and government-contracting sectors. Contrasted with standard accounting, expenses and revenue are tracked … Continue reading

Posted in Accounting & Finance Departments, Accounting Systems Design, Activity-Based Costing, CFO Services, Financial Planning & Analysis (FP&A), Financial Reporting, Los Angeles, Project-Based Accounting | Leave a comment

Why Owners Must Be Hands-On With Forecasting

This week’s downloadable PDF is by Sherry Rahbar, Partner, CFO Edge, LLC. Budgeting and forecasting are most frequently associated with the profit and loss statement (P&L), but this view can overlook the importance of forecasting cash flow, as well as of … Continue reading

Posted in Accounting & Finance Departments, Budgeting, Business Loans, Cash Flow, CFO Services, Financial Reporting, Financial Statements, Forecasting, Los Angeles | Tagged , , , , , , , , | Leave a comment

All About Budgeting: Common Challenges and Solutions

This week’s post and linked full PDF are by Mark S. Becker, Partner, CFO Edge, LLC. From being the financial blueprint to providing views into capital availability and profitability, the budget is one of the most important elements for driving and … Continue reading

Posted in Business Budgeting, Cash Flow, CFO Services, Financial Operations, Financial Reporting, Financial Strategy, Los Angeles | Tagged , , , , , , , , , , | Leave a comment

Start Preparing Now for New Revenue Recognition Standard

This week’s post and linked full PDF are by Howard Goldman, Partner, CFO Edge, LLC. While the effective dates have been delayed for the new FASB/IASB revenue recognition standard replacing industry-specific GAAP rules, Los Angeles and Southern California executives face … Continue reading

Posted in Accounting Systems Design, CFO Services, Corporate Governance, Financial Infrastructure, Financial Reporting, Financial Statements, Generally Accepted Accounting Principles (GAAP), Los Angeles, Revenue Recognition | Tagged , , , , , , , , , | Leave a comment

Now is a Good Time for An Annual Business Checkup

This week’s post and linked full PDF are by Howard Goldman, Partner, CFO Edge, LLC. As with a once-a-year proactive visit to a doctor for a health checkup, now is a good time for an annual business checkup. Doing so … Continue reading

Posted in Benchmarking, Business Health & Checkup, CFO Services, Financial Operations, Financial Reporting, Financial Statements, Financial Strategy, Los Angeles, Operational Analysis, Performance Measurement, Risk Management | Tagged , , , , , , , , , , | Leave a comment