Our mission is to be your "principal" consultant - a trusted business adviser that you turn to when you encounter a complex issue, a tight deadline, a staffing need, or other organizational challenge. We ensure that you receive exceptional service and quality work every time by hiring only the most highly qualified professionals and by maintaining a positive, energetic, results-oriented atmosphere within our organization and in all of our interactions with you and your team. We have found that by consistently providing high quality results and building strong relationships, our business partners continue to seek us out for additional projects and recommend us to their peers. We look forward to working with and helping you and your organization achieve your goals! While we offer a wide range of professional services, we do not do external audits, tax or valuations.
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Principal Consulting Group reposted this
I'm excited to share my first article on financial automation and process improvement! In this post, I delve into various reports available on App Store Connect and explore how they can be leveraged to streamline the Month-End Close process for companies selling through Apple's App Store. Check it out and let me know your thoughts!
Thrilled to be a part of this journey with our amazing client, Life360, as they began trading on the Nasdaq this morning! Thank you to the amazing Life360 team and placing your trust in us to help through this process. Congratulations!
Blessed to do this again with an amazing finance, legal and support team including Ryan Volk (the PCG team), and Natalie Karam, Alexander Gefter and Siana Lowrey from the Cooley team, Joey Prast and Abigail Cohen (the Deloitte team) and Kelly Morrison and David Ryan (the DLA team)! I am sure there are so many more I am missing.
We're excited to announce the newest member to join our team - welcome Edmee Lloyd, MBA! Edmee is a seasoned strategic partner to the C-Suite within organizations and a proven performer in talent resourcing in technical accounting, finance, human resources, and operations. As a leader in these areas, she has always aimed to understand clients' or partners' needs and generate solutions that create value for both parties. She serves clients and candidates in the SF Bay Area and National markets. Edmee prides herself on her ability to collaborate with team leaders and executives to understand their strategic vision for human capital, solve critical business challenges, and quickly build trust that leads to long-lasting partnerships. Before PCG, Edmee led global go-to-market sales & marketing strategies within tech and consumer electronic manufacturing industries. Edmee loves to travel globally, run, hike, road cycle, cross-train, and spend time with her husband, family, and Dobermans in her spare time.
~ Free CPE Webinar - Internally Developed Software ~ Join the PCG team on Tuesday, April 30th at 2pm EST / 11am PST to earn some CPE credits as we review the requirements for capitalizing internally developed software and explore real-life applications streamlining using data and automation tools! Our very own Aaron Einhorn, Max Wahl and Ali Humes will be presenting! #CPE #CPA #Accounting #Webinar #Automation #Accountingautomation #Technicalaccounting #Training Register Here: https://lnkd.in/gpmnyhUE
~ Free CPE Webinar - Internally Developed Software ~ Join the PCG team on Tuesday, April 30th at 2pm EST / 11am PST to earn some CPE credits as we review the requirements for capitalizing internally developed software and explore real-life applications streamlining using data and automation tools! Our very own Aaron Einhorn, Max Wahl and Ali Humes will be presenting! #CPE #CPA #Accounting #Webinar #Automation #Accountingautomation #Technicalaccounting #Training Register Here: https://lnkd.in/gpmnyhUE
Stock-based comp is complicated. We partnered with the technical accounting team at Principal Consulting Group to make it less complicated with our deep dive into accounting for Stock-Based Comp, covering— - Type of SBC - Service vs. performance vesting conditions - Valuing options - Forfeitures & expirations - Practically working in tools like carta We covered the basics below & you can read the full piece here ➡ https://lnkd.in/gaQvrkdU
In case you missed it, Matthew Maraia, CPA, posted a thoughtful summary of the new accounting guidance around Digital Assets!
Hi everyone! As many of you may know, FASB officially issued ASU 2023-08 on December 13, 2023. This amendment focuses on the move to fair value reporting for crypto assets held on a company's balance sheet and is a major step for the digital asset community. Major takeaways are outlined below: 🔬 Scope: The ASU applies to all entities that hold crypto assets, public or private. However, assets created or issued by the reporting entity, or non-fungible tokens (i.e., NFT's) are excluded from this guidance. Wrapped tokens are also generally excluded from this guidance. 📏 Measurement: The updates require entities to measure crypto assets at fair value with changes in fair value period-over-period recognized in the income statement. This is a major change from crypto assets previously required to be reported as an intangible asset at cost less impairment. Companies are now able to present the advantages of gains on crypto assets on their balance sheet. ✍ Presentation and Disclosure: Crypto assets are required to be separately stated on the balance sheet apart from intangible assets recorded at cost. The updates require a roll-forward to be presented in the notes to the financials that identifies additions, dispositions and gains or losses recognized on crypto assets during the fiscal year. Disclosure of "significant" crypto assets and their related name, cost basis, fair value and number of units is required. 🌊 Transition Requirements: The updates are effective for all entities for fiscal years beginning after December 15, 2024 but early adoption is permitted. Entities are required to post a cumulative-effect adjustment to the opening balance of retained earnings as of the beginning of the annual reporting period in which the amendment was adopted. Feel free to reach out to myself with any questions or concerns on adoption of this groundbreaking and exciting amendment issued for the digital asset community. I've already provided some more commentary in more detail previously if you'd like more information (below). Additionally, feel free to peruse the official ASU on fasb.org.
Principal Consulting Group (“PCG”) is thrilled to announce the official launch of PCG Talent to help our clients simplify and accelerate how they discover and secure top-tier talent. At PCG, our focus is on building strong relationships with everyone we work with. Our mission is to keep our clients ready for today and tomorrow with solutions for complex accounting, finance, data analytics and now talent acquisition. We recognize the challenges that businesses are facing in recruiting skilled finance, accounting and HR professionals and are excited to be able to offer comprehensive support with our newly launched PCG Talent under the leadership of Paul Court. Check out our full blog post at: https://lnkd.in/g2W3n8_N