Quote:
Originally Posted by BIC_BAWS
Finding funding would not be difficult for us. One of our partners is regularly a fundraising manager - sets up companies with private placement investors.
I think the idea of this is that the candidate should be able to produce financial reports/come up with a financial plan that conforms to at least ASPE, or GAAP, if GAAP is still a thing. I'd do it myself, but I haven't actually used GAAP/ASPE in real life, just at school. Bookkeeping and actually doing full-cycle accounting is easy, I do it everyday. I'm personally not confident about reporting.
The whole goal is just not to get shot out of the water by investors. You'd also have to come up with numbers and budgeting, for forecasted reports.
That said, if any of you guys, Gerbs/Hipster/Tiger, are interested, I'd be happy to set up a meeting with my CEO.
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GAAP - generally accepted accounting principals
Some generally accepted accounting principals are:
ASPE - accounting standards for private enterprise (canada)
IFRS - int'l fin. reporting standards (global)
United States GAAP - US only
The main difference between ASPE and IFRS is disclosure requirement. Some treatment is different (like leases). But seriously no one gives a shit on these details when you are trying to fund raise. You should ask your fundraising manager. I disagree on the IFRS requirement - seriously.
Just engage one of these guys to put a financial forecast for your strat plan for funding -
https://www.thecfocentre.ca/
You can convert to IFRS from ASPE when you are funded and ready. Why spend $ on unneeded costs up front?
I'm not interested in taking this on but talk to your CEO, if he's of the same opinion as me, you can pm me and can point you in direction.