2024-04-24 15:34
Most business’s primary objective revolves around enhancing equity value or market capitalization. For a publicly traded company, the goal is quantified by multiplying the share v… Read More
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Centi Business Consulting Blog
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Our blog offers insights regarding M&A, IPO, Business Valuation, Risk Advisory Services, SEC, and auditing.
2024-04-23 10:00
Centri’s Bridging the GAAP newsletter highlights this month’s news, developments, and emerging issues in the accounting and financial reporting world.
FAS… Read More
2024-04-22 19:00
In case you missed it, join Centri’s Kevin McLaughlin, Partner and Cannabis Practice Leader, for the latest editions of our Cultivating Business video series. From navigating the benef… Read More
2024-04-19 16:52
Centri’s Kevin Mclaughlin, Parter & Cannabis Practice Leader, and Maxwell Heller, Managing Director & M&A Practice Leader, are featured in a Cannabis Times article: Will Ba… Read More
2024-04-16 13:42
Centri is excited to attend Association for Corporate Growth (ACG) DealMAX at the ARIA Hotel in Las Vegas, NV from April 29 – May 1. The conference will bring together the mi… Read More
2024-04-10 12:08
Join Centri’s Cannabis Practice Leader, Kevin McLaughlin, for the latest edition of our Cultivating Business video series. This month, the discussion revolves around the value of imple… Read More
2024-04-08 10:00
Change Healthcare, renowned as one of the largest vendor claim-processing networks globally and handles a staggering volume of patient records and transactions annually, was recently the vic… Read More
2024-04-04 10:00
Pavlo AgeyevPartner
Philadelphia, PA – April 4, 2024 – Centri Business Consulting, LLC, one of the industry’s fastest-growing and most respected accounting and advisory… Read More
2024-04-01 10:00
Change is happening at a rapid pace across accounting and finance functions globally. The integration of automation tools like Alteryx is revolutionizing the way tax functions are managed. A… Read More
2024-03-28 19:35
As artificial intelligence (AI) advances and becomes more integrated into our daily lives, organizations need to understand the potential risks and challenges associated with its use. To eff… Read More
2024-03-28 19:17
Receiving an audit report with adverse findings can be disappointing and even daunting for your team. Despite that, there is a silver lining — you’ve now uncovered clear insight… Read More
2024-03-22 12:22
Centri’s Bridging the GAAP newsletter highlights this month’s news, developments, and emerging issues in the accounting and financial reporting world.
FASB Sta… Read More
2024-03-19 20:09
Today’s real estate environment can be challenging with certain sectors feeling the impacts more than others. To assist with many of the accounting and auditing requirements that need… Read More
2024-03-19 10:00
Introduction
PEOs (Professional Employer Organizations) have been around for decades. A recent estimate suggests that PEOs provide payroll, benefits, and employment-related complian… Read More
2024-03-15 16:07
Centri’s Ryan Starkes, Partner and Life Sciences Practice Leader, recently spoke on the “Market Outlook: Assessing Readiness for the Next IPO Window” panel at the Biotechno… Read More
2024-03-14 10:00
Background
The importance of climate-related disclosures for investors has grown as investors, companies, and the markets have recognized that climate-related risks can affect a company&r&hell…Read More
2024-03-13 10:00
Philadelphia, PA – March 13, 2024 – Centri Business Consulting, LLC, one of the industry’s fastest-growing and most respected accounting and advisory firms, is excited… Read More
2024-03-12 10:00
Philadelphia, PA – March 12, 2024 – Centri is a proud sponsor of the Venture Connect Conference taking place March 20-21, 2024, in Raleigh, North Carolina. The conference will co… Read More
2024-03-11 10:00
Companies that have not yet adopted ASC 326 – Current Expected Credit Losses (“CECL”) are required to adopt for fiscal years beginning after December 31, 2022. A common mis… Read More
2024-03-07 13:45
Accounting transformation projects are complex and challenging and require careful planning, execution, and management. The ultimate goal of a transformation project is to implement strategi… Read More
2024-03-06 13:49
What is Bitcoin Halving?
The bitcoin blockchain relies on miners that compete to validate and add blocks of transactions to the blockchain ledger. To incentivize these miners to compete i… Read More
2024-03-06 11:00
Philadelphia, PA – March 6, 2024 – Centri is a proud Diamond Sponsor of the 36th Annual ROTH Conference taking place March 17-19, 2024, in Dana Point, California. This is Centri… Read More
2024-03-05 11:00
Philadelphia, PA – March 5, 2024 – Centri Business Consulting, LLC, one of the industry’s fastest-growing and most respected accounting and advisory firms, has capped… Read More
2024-03-01 11:00
Centri’s Partner and SEC & Financial Reporting Practice Leader, Derek Kearns, is featured in a CFO Brew Article: New SEC Regs Won’t Squash SPACs. Within the article, Derek di… Read More
2024-02-28 11:00
Centri’s Bridging the GAAP newsletter highlights this month’s news, developments, and emerging issues in the accounting and financial reporting world.
FASB Sta… Read More
2024-02-27 22:08
Cannabis companies face unique challenges due to the federal prohibition of cannabis. They extend from the starting point of establishing a business to well after any profits are made. Chief… Read More
2024-02-27 02:26
Month-End Close Checklist & Best Practices
Your month-end close is a critical process for your business, ensuring the accuracy and completeness of your financial reporting. Many organ… Read More
2024-02-21 00:42
Optimizing operational efficiency in the fast-paced world of private equity is a strategic imperative, especially in the current exit environment. By fine-tuning processes, minimizing costs… Read More
2024-02-20 11:00
Summary of Lyft’s Earnings Report Press Release Error
In Lyft’s earnings report recent press release on Feb 13, 2024, there was an accidental addition of an extra zero to the… Read More
2024-02-20 11:00
The Securities and Exchange Commission (SEC) is required to review every public company’s financial statements at least once every three years. During their review, they may provide co… Read More
2024-02-20 11:00
Summary of Lyft’s Earnings Report Press Release Error
In the Lyft’s earnings report recent press release on Feb 13, 2024, there was an accidental addition of an extra zero to… Read More
2024-02-20 11:00
Join Centri’s Cannabis Practice Leader, Kevin McLaughlin, for the latest edition of our Cultivating Business video series. This month, the discussion revolves around the… Read More
2024-02-15 11:00
Philadelphia, PA – February 15th, 2024 – Centri Business Consulting, LLC is excited to announce the addition of a new Senior Director, Frank Angeleri, to the firm. Frank joins Ce… Read More
2024-02-14 11:00
On July 26, 2023, the SEC adopted new cybersecurity disclosure rules required for all publicly traded companies in their upcoming annual reports beginning with December 18th year-end filers… Read More
2024-02-08 16:57
The Securities and Exchange Commission (SEC) introduced fresh regulations and changes on January 24, 2024, aimed at improving transparency and bolstering investor safeguards during initi… Read More
2024-02-08 11:00
Merger and acquisitions (“M&A”) activity fell to its lowest level in ten years globally in 2023, as high interest rates and an economic slowdown weighed on companies’ d… Read More
2024-02-07 11:00
Centri’s Ryan Starkes, Partner and Life Sciences Practice Leader, and Charles Higgins, Managing Director, present “Valuing Contingent Value Rights (CVRs) in Life Sciences Transac… Read More
2024-02-06 11:00
Joe HayesManaging Director
John SwanickSenior Director
Philadelphia, PA – February 6, 2024 – Centri Business Consulting, LLC, one of the industry’s fas… Read More
2024-02-04 19:58
Centri is proud to be the Cocktail Sponsor of the 31st BioNJ Annual Dinner Meeting and Innovation Celebration being held on Thursday, February 8th at the Hilton in East Brunswick, NJ.
Thi… Read More
2024-02-01 19:42
Centri is excited to attend Association for Corporate Growth (ACG) M&A South at the Hotel at Avalon & Conference Center in Alpharetta, GA, on February 5-7. The conference w… Read More
2024-02-01 17:34
Centri is proud to be a sponsor of the BIO CEO & Investor Conference being held on February 26 & 27, 2024 at The New York Marriott Marquis in New York City, NY.
The BIO… Read More
2024-01-31 11:00
This special edition of Centri’s Bridging the GAAP newsletter highlights the year in review for the accounting and financial reporting world.
FASB Standard Setter Up… Read More
2024-01-30 11:00
Philadelphia, PA – January 30, 2024 – Centri Business Consulting, LLC, one of the industry’s fastest-growing and most respected accounting and advisory firms, announces the… Read More
2024-01-29 16:50
Centri is proud to be a Promotional Sponsor of the Microcap Conference being held on January 30 – February 1, 2024 at Caesars Atlantic City Hotel & Casino in Atlantic City, NJ… Read More
2024-01-25 19:33
Centri is excited to attend Flaster Greenberg PC’s 4th Annual M&A Conference. Attendees will have the opportunity to network and make meaningful connections with other profess… Read More
2024-01-23 11:00
Jaime KrugPartner & Chief Operating Officer
Philadelphia, PA – January 23, 2024 – Centri Business Consulting, LLC, one of the industry’s fastest-growing and most… Read More
2024-01-22 11:00
Philadelphia, PA – January 22, 2024 – Centri Business Consulting, LLC, is excited to announce the promotion of 13 individuals to the roles of Managing Director, Senior Direc… Read More
2024-01-18 11:00
New Year, New Cybersecurity Program!
Now that we are in a new year, it’s the perfect time to enhance or implement a cybersecurity program. Now more than ever, it’s imperative… Read More
2024-01-18 11:00
New Year, New Cybersecurity Program!
The start of a new year is the perfect time to enhance or implement a cybersecurity program. Now more than ever, it’s imperative to have a stron… Read More
2024-01-17 18:03
Cannabis companies face unique challenges due to the federal prohibition of cannabis. Unlike businesses in virtually all other industries, cannabis operators in financial distress have tradi… Read More
2024-01-16 19:22
Centri Business Consulting is pleased to present a CPE course with the Virginia Society of Certified Public Accountants Northern Chapter: Streamlining Accounting: Best Practices and Challeng… Read More
2024-01-15 21:07
Centri’s Partner and Life Sciences Practice Leader, Ryan Starkes, CPA, was interviewed by WRAL during a segment about the Raleigh market’s economy. Following the Raleigh Chamber… Read More
2024-01-09 11:00
Philadelphia, PA – January 9th, 2024 – Centri Business Consulting, LLC is pleased to announce it has secured a growth capital facility from Fulton Bank, a subsidiary of Fulton Fi… Read More
2024-01-04 11:00
Overview
In November 2023, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU 2023-07) with the goal of enhancing segment disclosures under Topic 2… Read More
2023-12-20 11:00
U.S. GAAP requires companies to reduce deferred tax assets to the amounts that are more likely than not to be realized. ASC 740-10-30-17 requires companies to assess realizability of deferre… Read More
2023-12-19 12:00
Join Centri’s Cannabis Practice Leader, Kevin McLaughlin, for the latest edition of our Cultivating Business video series. This month, the discussion revolves around legal challenges f… Read More
2023-12-19 12:00
Accounting Treatment Background and Summary of FASB Fair Value Update
Currently, most public entities account for holdings of crypto assets as indefinite-lived intangible assets in accord… Read More
2023-12-18 19:53
What is current expected credit loss (CECL) and why is it important? Ultimately, while it’s been beneficial to financial statements, has been a challenge for accounting teams to implem… Read More
2023-12-14 11:00
Is your company looking to go public? If so, it is time to start planning. Navigating public markets and the Initial Public Offering (IPO) process can be time-consuming and expensive both be… Read More
2023-12-13 12:00
Challenge
A public mortgage Real Estate Investment Trust (REIT) identified that, as a smaller reporting company, they would be required to adopt new accounting guidance referred to as CEC… Read More
2023-12-12 12:00
Accounting and finance leaders face increasing pressure to deliver fast reporting, manage risks, and provide strategic insight with less time and resources. However, many organizations still… Read More
2023-12-07 15:30
Centri’s Partner and Risk & Sustainability Practice Leader, Mihir Jhaveri, is featured in a Compliance Week article: More Companies Enter “Discovery Phase” of ESG Repor… Read More
2023-12-04 11:00
Gerald WikPresident & Partner
Philadelphia, PA – December 4th, 2023 – Centri Business Consulting, LLC, one of the industry’s fastest-growing and most respected a… Read More
2023-12-01 16:18
Centri’s Senior Advisor, Jerry Maginnis, is featured in an Accounting Today article: Stop Talking About the Talent Shortage and Start Solving It! Within this article, Jerry shares his… Read More
2023-12-01 00:37
People are your most crucial asset. You can trace a direct line from your employees to the company’s financial performance. Given that people are also likely your organization’s… Read More
2023-11-30 11:00
Introduction
Financial Planning and Analysis (FP&A) is a crucial aspect of any business, providing insights into a company’s financial health and helping to shape its strategic… Read More
2023-11-29 12:00
Centri’s Bridging the GAAP newsletter highlights this month’s news, developments, and emerging issues in the accounting and financial reporting world.
FASB Standard Sette… Read More
2023-11-29 11:00
Contingent value rights (“CVRs”) remain popular instruments in M&A transactions to help bridge the valuation gap between buyers and sellers. CVRs are typically structured suc… Read More
2023-11-28 12:00
Join Centri’s Cannabis Practice Leader, Kevin McLaughlin, for the latest edition of our Cultivating Business video series. This month, the discussion revolves around how to position yo… Read More
2023-11-21 11:00
Contingent value rights (“CVRs”) remain popular instruments in life sciences transactions to help bridge the valuation gap between buyers and sellers. In life sciences transactio… Read More
2023-11-16 18:24
Challenge
Shortly after the completion of a reporting period, a real estate entity that has public reporting requirements saw the resignation of its Chief Accounting Officer. This left a… Read More
2023-11-16 18:21
Challenge
A start-up real estate entity that received some initial anchor investors was looking to take the next step and drive their company towards the public markets. The company had t… Read More
2023-11-16 12:00
As the year-end approaches, businesses will need to think about the decisions that will impact their ability to prosper and prepare for future growth in the new year. Balancing comp… Read More
2023-11-15 12:00
The U.S. Securities and Exchange Commission’s (SEC) adoption of new Cybersecurity Disclosure rules have put all public companies, their investors, and auditors on notice. With… Read More
2023-11-14 12:00
Mihir Jhaveri
Partner | Risk & Sustainability Practice Leader
Philadelphia, PA – November 14th, 2023 – Centri Business C… Read More
2023-11-13 11:00
Centri was thrilled to present at the 2023 ISACA Philadelphia Fall Summit on Thursday, November 9th at the Sheraton Valley Forge in King of Prussia, PA. Thank you to everyone who at… Read More
2023-11-07 11:00
Kevin McLaughlin
Partner | Cannabis Practice Leader
Philadelphia, PA – November 7th, 2023 – Centri Business Consulting, LLC… Read More
2023-11-02 11:00
Did you file your taxes in the fall by requesting an extension because you were not prepared to file them this spring? If so, you’re not alone. Many digital asset companies st… Read More
2023-11-01 11:00
Derek Kearns
Partner | SPAC Practice Leader
Philadelphia, PA – November 1st, 2023 – Centri Business Consulting, LLC is pleas… Read More
2023-10-31 11:00
With high-profile cyberattacks in the news, the importance of creating and maintaining an incident response plan in the event of a cyberattack on your organization cannot be underst… Read More
2023-10-30 20:51
Centri will participate in the 36th Annual ROTH Conference scheduled for March 17-19, 2024 to be held at The Ritz Carlton Laguna Niguel in Dana Point, California.
This… Read More
2023-10-30 11:00
Have you or your clients purchased a business that resulted in recording goodwill or other indefinite-lived intangible assets to your balance sheet? Financial reporting guidance requires tha… Read More
2023-10-26 12:00
In today’s intensely competitive business environment, mergers and acquisitions (M&A) have emerged as a key strategy for growth and value creation.
One of the pivotal chal… Read More
2023-10-25 11:00
Centri’s Bridging the GAAP newsletter highlights this month’s news, developments, and emerging issues in the accounting and financial reporting world.
FASB Standard… Read More
2023-10-24 12:00
Tori Jancovic
Partner | Accounting & Audit Support Practice Leader
Philadelphia, PA – October 24th, 2023 – Centri Busine… Read More
2023-10-24 11:00
Philadelphia, PA – October 25th, 2023 – Centri Business Consulting, LLC, one of the industry’s fastest-growing and most respected accounting and advisory firms, is… Read More
2023-10-23 12:00
With high-level cybersecurity breaches in the news, such as MGM, Caesars, and Clorox, this Cybersecurity Awareness Month has gotten a little too spooky for businesses. To keep cyber… Read More
2023-10-19 15:54
Current Accounting Treatment and Summary of FASB Fair Value Proposal
Currently, most public entities account for holdings of crypto assets as indefinite-lived intangible assets in a… Read More
2023-10-18 18:26
Auditors have been busy this year bringing their clients up to speed on the new Current Expected Credit Loss (CECL) standard requirements imposed by the Financial Accounting Standar… Read More
2023-10-17 11:00
Curtis Farrow
Partner | Private Equity & Venture Capital Practice Leader
Philadelphia, PA – October 17th, 2023 – Ce… Read More
2023-10-16 18:25
New York, NY – October 16th, 2023 – Centri Business Consulting, LLC, one of the industry’s fastest-growing and most respected accounting and advisory firms, is a p… Read More
2023-10-11 11:00
The current real estate climate has presented challenges across many asset classes. It is reported that there are a significant amount of commercial loans maturing in 2023 amidst de… Read More
2023-10-11 11:00
Background
Many companies end up reporting material weakness(es) in the early stages of becoming public or acquiring private companies. Getting rid of a material weakness requires a… Read More
2023-10-10 12:00
Mike Andrusko
Partner | Digital Assets Practice Leader
Philadelphia, PA – October 10th, 2023 – Centri Business Consulti… Read More
2023-10-05 13:02
The Financial Accounting Standards Board (FASB) recently voted to finalize disclosure rules that will require companies to provide more detailed and transparent information about th… Read More
2023-10-05 12:00
January 1, of this year, marked the date of CECL adoption for public smaller reporting companies and private companies that did not previously adopt CECL early. If you haven’t… Read More
2023-10-04 12:00
In today’s climate, the costs of a cybersecurity incident are too high to be ignored. With the evolving threat landscape, such as ransomware, increased phishing attempts, and… Read More
2023-10-03 14:19
Centri’s Mike Andrusko, Partner & Digital Assets Practice Leader, is featured in an Accounting Today article: Accountants on New FASB Crypto Standard: ‘About Time&rs… Read More
2023-10-03 12:00
Philadelphia, PA – October 3rd, 2023 – Centri Business Consulting, LLC, one of the industry’s fastest-growing and most respected… Read More
2023-09-29 12:00
Mergers and acquisitions (M&As) continue to be an essential part of today’s business landscape. Despite unpredictable economic conditions, many leaders view M&A pursui… Read More
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