Centri Business Consulting, LLC

We had the privilege of hosting 23 bright high school sophomores and juniors from Girls Inc. for a Shadow Day filled with learning and connection, sponsored by our Women’s Leadership & Networking Committee. The day started with a panel discussion, where women representing various departments at Centri shared “How they support Centri’s initiatives” and “The path they’ve taken in their career thus far.” The girls then engaged in hands-on activities with our team, gaining an understanding of the day-to-day responsibilities of an entrepreneur building their business. The session ended with a group lunch, fostering collaboration and conversation. Centri believes in making a positive impact in our community and sharing the opportunities that await in our industry. We were thrilled to spend the day with Girls Inc. and share the importance of empowering the next generation of leaders! #GirlsInc #Learning #Development #Collaboration #Community #Entrepreneurial #Centri #TeamCentri #FindtheExpertinYou

Companies that have not yet adopted ASC 350-60, Accounting for and Disclosure of Crypto Assets (“ASC 350-60”), are required to adopt for fiscal years beginning after December 15, 2024. Many companies often underestimate the complexities that may arise when adopting ASC 350-60, including determining whether a crypto asset is within the scope of ASC 350-60. Our insight describes observations on the adoption of ASC 350-60 and how Centri's digital assets experts work with your company to facilitate the effective adoption and preparation of accounting documentation. Mike Andrusko, CPA, MAcct Blake Roberts, CPA Yoland Sinclair #DigitalAssets #CryptoAssets #TechnicalAccounting #ExpertiseonDemand #Centri

As businesses navigate the complexities of valuation, assessing the robustness of 409A valuation reports becomes essential, especially in light of potential IRS scrutiny and audit review. Our insight discusses three key aspects that can significantly impact the validity and reliability of your 409A valuation report and how Centri’s valuation experts can ensure the report will withstand a professional review. Curtis A. Farrow, CPA, ASA, MBA Mike Fazzolari Sabastian Keister #Valuation #409A #IRS #Audit #ExpertiseonDemand #Centri

In November 2023, FASB issued ASU 2023-07 with the goal of enhancing segment disclosures under Topic 280 – Segment Reporting. This Update is applicable for all public entities. The new ASU clarifies that all public entities with a single reportable segment are required to provide all the disclosures required by the standard. Our insight outlines the key details of the update and how Centri’s technical accounting experts can help your business navigate the new requirements. Learn more: https://lnkd.in/eMXmQbAk Blake Roberts, CPA Michael Kirchner, CPA, MBA #TechnicalAccounting #FASB #SegmentDiscolsures #SegmentReporting #ExpertiseonDemand #Centri 

Centri is proud to announce that Chief Revenue Officer (CRO), Partner and Capital Markets Practice Leader Christopher Mora, CPA received the 2024 Corporate Leadership award from the Philadelphia Business Journal. The honor was awarded at an event held today at the Grand Belle at the Bellevue Hotel in Philadelphia, PA. The Corporate Leadership Awards recognize chief financial officers and other C-suite executives’ creation of strategic initiatives to drive growth and profitability while enhancing their companies’ positioning within their markets, along with their commitment to supporting local communities through nonprofit and charitable work. Chris’ leadership and strong business aptitude have been crucial to achieving our goals at Centri. We congratulate him on this much-deserved recognition. Read more: https://lnkd.in/eKya8unv #CorporateLeadershipAwards #PhiladelphiaBusinessJournal #Leadership #Growth #ChiefRevenueOfficer #CRO #Centri #ExpertiseonDemand

Centri is excited to announce mid-year promotions and continued growth for the firm. This growth was driven by our emphasis on improving our core service offerings and identifying strategic opportunities to better serve clients across diverse industries. The promotion of our Centri team members is a testament to their dedication and hard work. Their contributions have been instrumental in our growth and success. We look forward to seeing all that we can do as a firm heading into the second half of the year. Read the full press release: https://lnkd.in/e6JuWV_M #Promotions #Growth #Expansion #Centri #TeamCentri #ExpertiseonDemand

Do you want a finger on the pulse of the accounting world? Our Q2 2024 edition of The Quarter Close-Up gives a full recap of our latest news and insights. Read more: https://lnkd.in/e55ipY3f #News #Insights #TheQuarterCloseUp #ThoughtLeadership #Centri #TeamCentri #ExpertiseonDemand #Q22024

In case you missed it, check out Centri’s Derek Kearns, CPA, Partner and SEC, Financial Reporting & SPAC Practice Leader, on the panel “The Pressure to Complete a Transaction” at The SPAC Conference in New York City. Derek and the other panelists discussed navigating expectations, timing, and risks to completing capital markets transactions. Watch now: https://lnkd.in/edSk4cNJ #SPACs #CapitalMarkets #SEC #FinancialReporting #ExpertiseonDemand #Centri #TeamCentri

Happy 4th of July from the Centri team! Our Centri offices are closed today in observance of July 4th. How are you celebrating the holiday? #July4th #HappyFourth #FourthofJuly #IndependenceDay #TeamCentri #Centri

Current Expected Credit Losses (CECL) is a financial accounting standard introduced by the Financial Accounting Standards Board (FASB). It replaced the Allowance for Loan and Lease Losses Standard with the CECL method. As a result, future expected losses will be determined based on the borrower’s credit history, borrowing conditions, and the projected performance of the business. Because CECL impacts common assets such as accounts receivable from sales transactions, CECL impacts nearly every business. Our insight explains the three key similarities of successful CECL implementations and how Centri’s technical accounting experts work as an extension of your team to save you time and effort in developing a robust CECL model. Blake Roberts, CPA #CECL #TechnicalAccounting #CECLImplementation #Accounting #Advisory #Centri #ExpertiseonDemand