- Hiring a CFO
- The business lifecycle and finance: Starting out without flaming out
- Getting Hands On Controller Training
- Evolving to the Next Generation of ERP Systems
- Alternatives To Quickbooks
- Is your company undergoing finance transformation?
I have been working in finance/accounting for more than 5 years but have never seen anything like this before. Was wondering if this is just a co-incidence, laziness, incompetency or some conspiracy? what do you think??? Have a very interesting case/mystery to share. One of...
Wayne Spivak(President & CFO at SBAConsulting.com)
In an old article dated 2014, Brent Beshore lays out his perception of EBITDA and how according to people like Warren Buffet it means absolutely nothing. http://www.forbes.com/sites/brentbeshore/2014/11/13/ebitda-is-bs-earnings What's your opinion?
I enjoyed the discussion on determining an appropriate hourly rate for part-time CFO services, and found it very useful. Thanks to all of you that provided feedback. I pose a new challenge. I am preparing quarterly financial statements for a microcap OTC Pink company....
For example, suppose there were an excellent opportunity to save a CFO's company a lot of money and boost EBITDA, at a cost set equal to a fixed, small fraction of whatever money would be saved. This sounds quite attractive, but nonetheless, how effectively could it be...
Who should be responsible for setting up security roles/rights for your accounting/finance software package?
I wanted to reach out to others to see who actually sets up the security roles/rights in an accounting/finance systems. Currently we have an OPS individual and the Buyer who hold the Admin rights to the software and no one in Accounting/Finance dept. have Admin. This has...
Anonymous(Sr. Legal Assistant)
I am in the state of California and I would like to know whether it is lawful for a company to change the payroll cut off days for nonexempt employees to accommodate the staff processing of payroll? The stated payroll cut off days in the handbook are the 10th and the 25th...
Anonymous(Customer Relationship Manager)
I save and make businesses money, and do not get paid until any of my recommendations are approved, implemented, and the results are formally documented as credits on bills, or cash in bank. My partner is a specialist that worked in revenue retention for major telcos. CFOs...
Anonymous(Finance Director / Controller)
We are reviewing our company handbook and I was wondering what the market is seeing in terms of parental leave. Specific questions: - Does you company require a specific tenure period be reached before providing paid leave to new parents? - How much do you provide for...
Under ASPE, we are trying to find out if the building lease falls under capital or operating lease. If I have a situation where all other criteria are not met but the one criteria where the lease is considered a capital lease if the present value of minimum lease payments...
Can someone please share the main components of a solid CFO Job Description, plus optional extras that are sometimes included? Also, are there free resources with examples of CFO job decsription by industry?
What should be the going rate for a contract CFO? We are a $20mm Reseller organization with 60+ employees. Also, when is the right time to hire direct? Our contract CFO is reluctant to come on full-time.
Wayne Spivak(President & CFO at SBAConsulting.com)
A very interesting article on CEO Blog talks about how easy it is to hack a small business (since they tend not to a) have the staff, b) the budget and c) the feeling that security is a pressing matter - they are after all a small business). Not only are small businesses...
Has any one booked depreciation estimates or booked depreciation a month in arears to speed up the close process?
I'm looking into ways of shortening our close process and one of the items on the list is depreciation. Has anyone booked depreciation estimates or reconciled the Sub-Ledger to GL a month in arreas? It is typically the follow up to get approval request forms that holds...
Chris Shumate(Corporate Accountant at Empire Corporation of Tennessee, Inc.)
I am curious, I have a sort of education-a-holic type thing going on where I continue to want to gain more knowledge. I am working toward my CPA currently. My ultimate goal is to become a CFO or Controller of an organization some day. I have been as high as a Senior...
The last three CFOs I’ve worked for have been completely insane. I understand they’re under a lot of pressure. In this environment and like everyone else they don’t necessarily have much job security. But, come on, am I just unlucky or what?! Here’s...
Anonymous(Vice President of Finance and Administra..)
I am involved in a start-up healthcare company on the peninsula (Menlo Park). Currently it's a single member LLC which will go to a partnership relatively soon. We are still in the conceptual, formation stage. We have very basic needs for the next six months to a year...
Kirk Conole(Partner at DCI Solutions)
Welness plans should measurably reduce ER visits and their corresponding costs.How does your wellness plan go beyond serving the already-healthy to engage the at-risk population of your employees whose non-health drives so much of your costs? What are you doing right?
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