Tag Archives: financial statements

When Do You Need to Obtain an Audit?

This week’s article is by Mark S. Becker, Partner, CFO Edge, LLC. Small and medium-sized businesses frequently don’t have audits of their financial statements done unless potential investors or lenders require them. But as needs evolve and opportunities arise – … Continue reading

Posted in Audit Preparation, CFO Services, Financial Strategy, Generally Accepted Accounting Principles (GAAP), Los Angeles | Tagged , , , , , , , , , , , , | Leave a comment

When & How to Conduct a Business Valuation

This week’s article is by Mark S. Becker, Partner, CFO Edge, LLC. The valuation of a closely-held business becomes a priority in a number of situations: selling, exiting or creating an ESOP, just to name a few. When undertaking a valuation, … Continue reading

Posted in Business Valuation, Buying a Business, CFO Services, Due Diligence, Los Angeles, Merger & Acquisition Planning, Selling a Business, Succession Planning | 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 Accrual Accounting Is Preferable to Cash Accounting

This week’s post and full article are by Michael K. Menerey, Partner, CFO Edge, LLC. While executives at Los Angeles and Southern California businesses are aware of both cash basis accounting (“cash accounting”) and accrual basis accounting (“accrual accounting”), many … Continue reading

Posted in Accounting Systems Design, Accrual Accounting vs Cash Accounting, Business Loans, CFO Services, Financing, Generally Accepted Accounting Principles (GAAP) | 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

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

What To Do When the Numbers Don’t Make Sense

Have your Los Angeles and Southern California small business clients ever asked you for help in managing their finances? Such a request is not uncommon for professionals like bankers, investors and financiers as small business owners and executives often share … Continue reading

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