Tag Archives: accounting

The Limits of DIY: When to Use an Accounting Professional

This week’s post and linked full PDF are by Michael K. Menerey, Partner, CFO Edge, LLC. As widespread and preferable as it sometimes is, a do-it-yourself approach is not always best in business – especially in business finances and accounting. When … Continue reading

Posted in Accounting & Finance Departments, AR & AP Management, Cash Flow, CFO Services, Financial Infrastructure, Financial Operations, Los Angeles | Tagged , , , , , , , , , , | Leave a comment

Continuous Accounting: A Paradigm Shift for Finance Teams

This week’s post and linked full PDF are by Arthur F. Rothberg, Managing Director, CFO Edge, LLC. Contrasted with the record-to-report accounting model in widespread use over the last century, continuous accounting is a paradigm shift for finance teams. The … Continue reading

Posted in Accounting & Finance Departments, Accounting Systems Design, CFO Services, Continuous Accounting, ERP Software, Financial Infrastructure, Los Angeles | Tagged , , , , , , , , | Leave a comment

The Need to Bring Finance & Accounting into the Digital Age

This week’s post and linked full PDF are by John W. Braine, Partner, CFO Edge, LLC. The need to bring finance and accounting into the digital age springs from a disconnect: while so much of our personal and business activities … Continue reading

Posted in Accounting & Finance Departments, Accounting Systems Design, CFO Services, Financial Infrastructure, Financial Leadership, Los Angeles | Tagged , , , , , , , , , | Leave a comment

The Complexity & Importance of Accounting for Divestitures

This week’s post and linked full article are by Mark S. Becker, Partner, CFO Edge, LLC. The complexity and importance of accounting for divestitures cannot be overstated given the many challenges involved along with the focus of the SEC. Corporate divestitures … Continue reading

Posted in Acquisitions, Buying a Business, CFO Services, Divestiture Accounting, Los Angeles, Merger & Acquisition Planning, Selling a Business | Tagged , , , , , , , , | Leave a comment

Accounting for Goodwill in a Merger or Acquisition

This week’s post and linked full PDF are by Mark S. Becker, Partner, CFO Edge, LLC. With the improving economy resulting in more mergers and acquisitions, it behooves Los Angeles and Southern California executives to have a clear understanding of … Continue reading

Posted in Acquisition Accounting, Acquisitions, CFO Services, Los Angeles, Merger & Acquisition Planning | Tagged , , , , , , , | Leave a comment

How to Retain Your Accounting Staff in an Improving Economy

This week’s post and linked full article are by William K. Thorpe, Partner, CFO Edge, LLC. A potential downside of the rebounding economy is higher staff turnover, including higher accounting staff turnover. As more companies move into a hiring mode, … Continue reading

Posted in Accounting & Finance Departments, CFO Services, Employee Retention | Tagged , , , , , , , , , , , , | Leave a comment

Maintaining Privilege in a Forensic Accounting Engagement

This week’s post and linked full article are by Sherry Rahbar, Partner, CFO Edge, LLC. Within the accounting profession, forensic accounting is one of the fastest growing areas, and it is more important than ever to understand the why’s and … Continue reading

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Improving Communication with Your Finance and Accounting Department

This week’s post and linked full article are by Randy Miller, Partner, CFO Edge, LLC. It has been said that finance and accounting can be “Greek” to non-finance people, and – when coupled with other challenges in the executive management/finance … Continue reading

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Acquisition Strategies: Integrating the Finance & Accounting Operations

Upon completing a merger or acquisition, capitalizing on financial and accounting department synergies becomes both a goal and a benefit. It has been noted that the total cost of the finance function can be reduced by up to 40 percent … Continue reading

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Ensuring Orderly Period-End Closing Procedures

For the purposes of maintaining control over internal accounts and safeguarding long-term accounting consistency, it is integral to create efficient period-end closing procedures. Though these systems can be complex, a well-planned set of internal controls can make the period-end close … Continue reading

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