In a medium bowl, combine the softened cream cheese, shredded cheddar cheese, garlic powder, salt, and black pepper. Mix until smooth and well combined.

Transfer the cheese mixture onto a sheet of plastic wrap. Shape the cheese into a log or oval, using the plastic wrap to help mold it evenly. Wrap it tightly and refrigerate for at least 1 hour.

In a shallow dish, combine the chopped dried cranberries, pecans, and parsley (if using). Mix well.

Remove the cheese log from the refrigerator, and carefully unwrap it from the plastic. Roll it in the cranberry-pecan mixture, pressing gently to coat the entire surface.

Place the cheese log on a serving platter. Garnish with additional cranberries and pecans for a festive touch if desired.