Case Study
Interim Controller
- Matthew Edwards
Construction
INDUSTRY
130
EMPLOYEES
$30M
ANNUAL REVENUE
Background
Our client was recently acquired by a private equity firm. While they had a CFO in place, they lacked a Controller. Operating on a cash basis, they needed to transition to GAAP financials to meet the PE firm’s requirements for management and bank reporting.
Objective
- Convert cash-basis financials to GAAP to ensure compliance and accuracy
- Close Q2 books in accordance with GAAP standards
- Develop a structured monthly close calendar for streamlined reporting
- Oversee day-to-day accounting operations and financial management
- Transition accounting responsibilities to a permanent hire for long-term stability
Solution
- Reviewed financial data and applied appropriate accruals and reserves to produce GAAP-compliant financials
- Interviewed team members to document responsibilities and develop a structured monthly close calendar
- Collaborated with team members to implement process changes for ongoing GAAP compliance
- Established and completed quarterly bank compliance reporting requirements
- Transitioned newly established processes to the permanent hire for long-term continuity
Successfully assessed accounting processes and implemented policies to ensure timely and accurate GAAP financial reporting.
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