-
Control, Communication and Confidence: A Former Marine’s Journey as a Paro Expert
For Charlie O., a contract CFO and owner of OSMEAC Solutions, transitioning from working in the corporate world to working for himself boiled down to regaining control. He’d had enough of the 80-hour work weeks that kept him from spending time with his family. Enough of routine work that did not inspire him. Working as…
-
Goodwill Impairment: Updated Standard Offers Reporting Relief
Recording goodwill impairment just got easier. With an unprecedented number of businesses negatively impacted by the COVID-19 pandemic, the Financial Accounting Standards Board (FASB), approved Accounting Standards Update 2021-03 (ASU) in March 2021 to help businesses get their financial statements in sync with their current economic condition. Any private company or non-profit that shows a…
-
Introduction to the Accounting Cycle
The accounting cycle is a system of recording, processing, summarizing and communicating all financial transactions in a consistent way. It starts when a transaction occurs, and ends with its representation on financial statements. Once the cycle concludes, steps are taken to begin the next accounting cycle. This signals the start of the next fiscal period.
-
Can Midsize Businesses Gain Value from an Outsourced CFO?
The term “outsource” used to be associated with repetitive, low-skilled tasks. But as new technologies have made remote work possible, an industry of outsourced white-collar professionals has arisen. Now, many larger companies are outsourcing professional services, including executive leadership like CFOs.
