This article is the fourth in a series of pieces centered around what is and isn’t necessary for a company’s accounting (and finance) based on its stage. I see few companies get the necessary finance and accounting help they need and end up overpaying for inadequate support.
For this article, I will be focused on a company that is or is about to go public. While there are many different ways to go public, S-1, Reg A+ and SPAC to name a few, and each method has its intricacies, the end result is a public company. Since the reporting and disclosure requirements for public companies are in flux (e.g., new ESG rules), the article will address the most common issues as opposed to the intricacies of each method.
Public companies have similar internal reporting and analytics needs as late-stage private companies, but their accounting operational needs are drastically different and more complex. Therefore, the supporting organization needs are different.