BlueOutlier’s Post

🎓 Elevate your expertise in Related Party transactions! 💼 Ready for a deep dive? Challenge yourself with these tough questions, and check your answers below: 1️⃣ Question: How can you identify and manage indirect Related Party transactions within a complex corporate structure? Answer: Conduct a thorough analysis, considering both legal and economic substance, and employ a comprehensive network analysis to unveil indirect relationships. 2️⃣ Question: Explain the implications of a Related Party transaction on a company's financial ratios and key performance indicators. Answer: RPTs can distort financial metrics, affecting profitability, liquidity, and solvency ratios. Adjustments may be needed for accurate financial analysis. 3️⃣ Question: In the context of goodwill impairment testing, how do Related Party transactions influence the fair value assessment? Answer: Related Party transactions may impact the fair value determination, requiring additional scrutiny to ensure an unbiased valuation of goodwill. 4️⃣ Question: Share strategies for ensuring compliance with regulatory requirements and accounting standards in relation to Related Party disclosures. Answer: Develop a robust Related Party policy, conduct regular internal audits, and stay updated on accounting standards to ensure accurate and transparent disclosures. Challenge accepted? Comment your thoughts or share your own questions to keep the knowledge flowing! 🚀💬 #CA #RelatedPartyTransactions #ExpertInsights #accountingexcellence #big4 #big4jobs #cajobs #caarticleship

Big 4 accountants, are you aspiring to become a CFO or controller? SEC reporting or technical accounting could be the key to unlocking your full potential. Our company has open opportunities that may be of interest to you. Reach out to us to learn more. #Big4 #accounting #CFO #controller #SEC #technicalaccounting #opportunities

Sharing an article from Numbers Executive’s ‘Lifting the lid on BIG 4 Corporate Finance Teams’ series – An insight into the day in the life of a Big 4 Valuations professional, key skills learned and most common career paths.   If you're a Valuations professional looking for your next step, please reach out for a chat OR check the comments section for an exciting opportunity we're working on right now.

**10 Clear Steps for Financial Statements Preparation** Preparing financial statements involves several stages, from closing the books to getting audit clearance. These 10 steps provide a straightforward overview of the process: 1. **System and Books Close**: Begin by closing your financial system and books for the specific reporting period, typically at the end of a fiscal year. 2. **Trial Balance Review**: Review your trial balance to ensure that the total debits equal total credits, ensuring the books are balanced. 3. **Movement Schedules**: Create schedules that detail any significant movements in accounts, helping explain changes in financial figures. 4. **Comparatives**: Include comparative figures from the previous reporting period to provide context and facilitate year-to-year comparisons. 5. **Statement of Financial Position**: Prepare the Balance Sheet, which outlines assets, liabilities, and equity, providing a snapshot of your company's financial health. 6. **Income Statement**: Create the Income Statement (Profit and Loss Statement), displaying revenues, expenses, and profits for the period. 7. **Cash Flow Statement & Equity Schedule**: Develop the Cash Flow Statement, tracking cash inflows and outflows, and an Equity Schedule detailing changes in shareholders' equity. 8. **Disclosure and Notes**: Include comprehensive notes and disclosures that explain the numbers in your financial statements and provide vital context. 9. **Other References**: Incorporate any other references or supporting schedules required for a complete financial picture. 10. **Audit Clearance**: Collaborate with auditors, addressing their queries, and making any necessary adjustments. Seek audit clearance once everything is in order. These steps serve as a roadmap for anyone with basic knowledge of IFRS accounting standards and an understanding of financial structure. Don't hesitate to give it a try when the opportunity arises – these 10 steps will set you on the right path! Credit Abdul Khaliq #deloitte #nielseniq #ey #kpmg #financeandaccounting #finance #financejobs

All progress takes place outside the comfort zone. If you are ready for your next career move, connect with us to extract your potential. #FinancialAdvisory #Manager #SeniorManager #Financial #DueDiligence #Internationalfirms #SingaporeReportingStandard #IFRS #USGAAP #FinancialServices #2024hiring #2024jobs #CareerOpportunities #Explorenow #Hiring #AmethystPartners

#1 Most Common finance career question. "Should I get a CMA, CFA, or CPA certification to break into FP&A (finance)?" The story is usually that they have trouble getting an interview or landing an offer. Howard Tunnicliffe, Head of FP&A at the Economist: There is merit to getting some broader experience. We are increasingly asked to be creative in FP&A, so actually drawing on some other diverse backgrounds is a possibility if you do not have a CMA or CPA. Brett Hampson, Director of Finance, AllState I don't have mine and I'm doing okay. There’s a lot more FP&A folks that don't have a CPA than those that do generally. I’d say don't do a certification unless you're interested in doing the certification. I don't know tons of CPA FP&A folks. Those that do have it though are really talented. I'm usually really impressed with their knowledge of accounting fundamentals plus the FP&A. It’s a bonus if you're able to do it, and you enjoy it. Paul Barnhurst, The FPandA Guy Barnhurst (The FP&A Guy): Is the CPA valuable? Yes, it helps you understand a deeper level of accounting. If you can bring that with the business acumen, it's great, but it's not required by any means.

What’s your relationship with financial success? Perhaps you built your own company from the ground up and now you’re considering financial consulting services for the first time. Perhaps you’re a leader at a multi-million dollar corporation, and it’s time to breathe new life into its financial management. Maybe you’re an individual looking to better your financial situation through a trusted financial consulting firm in NJ. If so, a trusted financial consultant or advisor can help at Cg Tax, Audit & Advisory: https://bit.ly/3jcyo8o #accounting #accountingservices #accountingfirm #accountant #cpa #taxservices #taxplanning #auditing #financialadvisory #businesscompliance #financialservices #businessaccounting #businessconsulting #financialconsulting #focusedontheroadahead #cg #cgtaxauditadvisory

Are you trying to stay updated on evolving tax laws and deciphering potential deductions, all while continuing to manage core business operations? If you answered yes, you many need to hire a CPA! Hiring a CPA is extremely advisable, especially if your circumstances include any of the following: 🔹Lack of an internal accounting and finance team. 🔹Falling behind on tax obligations. 🔹Concerns about potential audits. 🔹In need of precise financial statements for external funding or a merger. 🔹Suspicions of accounting fraud involving employees or partners. Have more questions? Our team is ready to help! Send us a message today for more information on our services: https://bit.ly/3T1ih1u

Pressure? They thrive on it. SEC filings? A walk in the park. Leading teams and M&A deals? Like tying their shoes...with their eyes closed. This DFW-area accounting executive (think VP/CAO) also happens to be an active CPA and a Big 4 pro. They'll master any accounting software you throw their way. Need this rockstar on your team (permanent - if your company is cool - or interim)? Hit me up before they disappear! #accountinglife #hiringnow #secreporting #dallashiring #accounting #reporting Unity Search

*Shop window post* We have a number of senior interim group reporting roles currently live, across PLCs and SMEs. As such, we have some great shortlists and candidates readily available on the market to move quickly... Hiring managers - feel free to reach out if this may be something on the agenda for your team...we can definitely help and advise! #interimfinance #IFRS #audit #groupreporting #aca #big4