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What to Know When You’re Transitioning Accounting Duties

 
  Mark S. Becker, Partner, CFO Edge, LLC  
   
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  Article Summary  
Transitioning accounting duties comes into play in scenarios like an acquisition, a merger or outsourcing accounting to a third-party services provider.

Challenges in transitioning accounting duties occur if procedures and policies are not up to date or if both entities do not use the same general ledger system.

Incorrect handling when transitioning accounting duties can have many downsides: delayed timing of a transaction’s close or reduced faith in financial data are two examples.

Greater Los Angeles executives who are looking at transitioning accounting duties can benefit from talking with a provider of CFO services.

Leveraging expertise earned as a former enterprise chief financial officer, a CFO services partner sees transitioning holistically and develops a transition plan that delivers prioritized and properly sequenced transfer tasks that are assigned to the right resources.

  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
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