Category Archives: Financial Statements

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

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

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

The Importance of Proper Financial & Operational Infrastructure

This week’s post and linked full article are by Sherry Rahbar, CFO Edge, LLC. When Los Angeles and Southern California entrepreneurs start their companies, daily activity can many times be run in a “seat of the pants” and less formal … Continue reading

Posted in CFO Services, Financial Infrastructure, Financial Operations, Financial Statements, Growth Strategies, Los Angeles, Operational Infrastructure | Tagged , , , , , , , , , | Leave a comment

Why You Need to Review a Complete Set of Financial Statements

This week’s post and full article are by Sherry Rahbar, Partner, CFO Edge, LLC. While Los Angeles and Southern California business leaders know they need financial statements in order to deliver accurate financial information, many do not give income statements … Continue reading

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Historical Financial Reporting vs. Future Financial Reporting

There are two main types of financial reporting conducted by Los Angeles and Southern California businesses: historical reporting, which looks back at past financial performance, and predictive reporting, which proactively looks ahead to future financial performance. While the vast majority … Continue reading

Posted in Financial Operations, Financial Reporting, Financial Statements, Outsourced CFO Services, Performance Measurement, Strategic Planning | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment