Popular Corporate Finance Discussions

Member's Profile
Tammy Buchanan
Title: Director of Finance
Company: Northern Credit Union
(Director of Finance at Northern Credit Union)
Does anybody have any suggestions on how to present the monthly financials to the board without getting too much into details? Any thoughts on more analysis, variance explanations, etc. There is talk about using dashboards which seem to mostly graphs but do you think the board would...
Anonymous Member
Anonymous
(VP of Finance)
My company is going thru a "right-sizing" exercise and we are looking for updated benchmarks for IT, marketing, finance and HR spend as a % of net sales.  I know that this is oversimplifying but would like as many sources as possible when I present to the team. We are...
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Jerry Goldberg
Title: Principal
Company: Strategic Capital Corp
(Principal at Strategic Capital Corp)
I have a headcount forecasting worksheet in workbook an ex-employee left behind that has some holes in it. I need a formula in Excel that populates a headcount grid by querying the cells for each employee's start date, and also a formula for allowing for percentage raises . Any...
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Stefanie Cavanaugh
Title: CFO
Company: In Transition
(CFO at In Transition)
I'm looking for benchmark data regarding staff size in accounting/finance.  I'm particularly interested in the medical device manufacturing industry.  
Anonymous Member
Anonymous
(Principal)
We have a PE firm asking for a "quality of earnings" report or analysis. Is their a standard form or template for this?
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Bill Chorba
Title: CFO
Company: NineSigma, Inc.
(CFO at NineSigma, Inc.)
 
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Roger Frederick
Title: CFO
Company: Private
(CFO at Private)
Open Source ERP vs Commercial ERPHow to select the right solution? Is it crazy to even be asking this? My CTO swears he can build my company a better ERP using open source ERP tools than we could buy from an Oracle or SAP (or any lower-end company). I respectfully disagree, but I can...
Member's Profile
David Wittenberg
Title: Director of Financial Strategy
Company: World Vision
(Director of Financial Strategy at World Vision)
I am polling CFOs/VP Finance/FP&As for their favorite tools for capital expenditure decisions.  Specifically, how do you create the best understanding of the true business value (and risks)  and convey that to the decision-makers (CEOs and Boards)? What innovative...
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Barry Wallace
Title: Superintendent
Company: Searles Valley Minerals
LinkedIn Profile
(Superintendent at Searles Valley Minerals)
I need to be able to provide a weekly flash report to the business owners as well as management, and I'm not exactly sure what types of information should be included. I believe that our ERP software (SAP Business One) has the ability to handle financial dashboards, but we don't...
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Robert Menzies
Title: Director
Company: Menzies Aviation Consulting
(Director at Menzies Aviation Consulting)
I need to create an overdraft facility or variable loan so that the amount of the loan varies monthly according to the requirements of the business. When I create a formula in Excel to calculate the interest on the loan needed for the current month it creates an error message and is...
Anonymous Member
Anonymous
(Manager)
Interested in first-hand experience with one or both ERPs. Especially interested in customization, ease-of-install, ease-of-use and role-specific user interfaces. Also, any tips on any aspect of moving forward post SAP vs Dynamics question has been settled, such as planning, installation...
Member's Profile
Sudhir Singh
Title: Director
Company: Excelict Technology Consulting Pvt. Ltd.
(Director at Excelict Technology Consulting Pvt. Ltd.)
Project Management, Cost-estimations, Inventory, Purchases, multiple sites(temporary location) are focus areas. It seems most are fitting in Manufacturing, Retail or Utility.
Member's Profile
Cindi Gillette
Title: Vice President/Controller
Company: Telecare Corporation
(Vice President/Controller at Telecare Corporation)
I am looking to get a sense for industry practices around incentivizing AR staff to improve collections. Do you or don't you incentivize AR staff above and beyond their normal pay. If so, what measures to you use to determine the incentive, and how do you continue to raise...
Anonymous Member
Anonymous Member
Anonymous

Besides your own personal network, what is the best way to get investors for a startup?
Member's Profile
Jill Nickerson
Title: CFO
Company: In Transition
(CFO at In Transition)
I have noticed a trend for large multinational corporations to require 60 terms. Recently we received a letter from a large customer informing their vendor base that their research has indicated 60 day terms are now industry standard and they will be adopting the practice. With the...
Anonymous Member
Member's Profile
james Morales
Title: Manager, Business Integration
Company: Kohl\'s Department Stores
LinkedIn Profile
(Manager, Business Integration at Kohl\'s Department Stores)
Looking to revamp how we plan and forecast our FTE headcount. Looking for ideas on how you do this in your shops, specifically: - Do you use any planning software besides Excel to accomplish this? - How do you incorporate salary ranges and expected start dates into your forecasts? - How...
Anonymous Member
Anonymous
(Assistant Controller)
I've noticed more and more vendors who "require" that we pay them by credit card or ACH payment, in which we are required to give our bank account information for them to pull the ACH for payment. Does anyone else have an issue with this or am I unreasonable in giving...
Member's Profile
Regis Quirin
Title: Director of Finance
Company: Gibney Anthony & Flaherty LLP
LinkedIn Profile
(Director of Finance at Gibney Anthony & Flaherty LLP)
I have heard of paying to expedite certain activities, i.e. obtaining a D&B number; but not to correct an error.  Does anyone have a similar experience?   span.post-date {display:none;}
Anonymous Member
Anonymous
(Director of Finance)
When calculating normalized EBITDA for bank covenants or valuation, do you exclude FX gains or losses? Situation: US corporate sells in Mexico and Canada and sales and receivables are denominated in local currency. Receivables are later settled in local currency. But when monthly...
Anonymous Member
Anonymous
(Controller and VP)
We're considering have our bank issue a LOC for a new lease where we don't want to pay the large security deposit. All of the guidance I find is related to the bank/guarantor but I cannot locate anything about our side. I think there would be no balance sheet impact, we would...
Anonymous Member
Anonymous
(Manager)
Are these all just different terms for the same thing are coporte planning vs strategic planning distinctly different activities?
Member's Profile
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO at SBAConsulting.com)
In another question someone asked why would a company all of a sudden go from monthly to bi-weekly (among other issues). That got me thinking. What are the reasons we pick a payroll pay frequency? I'm a fan of Semi-Monthly. For me, it was easier on the cash flow, and less work...
Member's Profile
Nazareth Tankarian
Title: Student
Company: London Business School
(Student at London Business School)
A Venture Capital firm has verbally offered me the role of CEO for an investment it has made into a scientist's innovative industrial technology. The company has not been formed yet and patents are pending. I am being offered a salary and a 5% equity, I need some guidance on what the...
Anonymous Member
Anonymous
(Accounting Manager)
What are the best practices for reducing Days Sales Outstanding (DSO)?
Member's Profile
Stephen Glenn
Title: Controller
Company: Pierre Frey, Inc.
(Controller at Pierre Frey, Inc.)
In need of a simple loan agreement to cover excess funds advanced to the parent company. Terms are open ended, no repayment terms defined. I appreciate anything you are able to share.
Member's Profile
Will Hogoboom
Title: CFO
Company: ZBB Energy
(CFO at ZBB Energy)
How does a company without history of option exercises estimate the expected term of stock options for valuation and accounting?
Member's Profile
Event Questions
Title: Event Questions
Company: Proformative
(Event Questions at Proformative)
This question was asked during the Proformative webinar "Key Elements of a Successful Hedge Program."  A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-key-elements-successful-hedge-program
Member's Profile
Matias Bullrich
Title: President
Company: Mandrill Capital Management
(President at Mandrill Capital Management)
Hi all. I am looking for good case studies or books about zero based budgeting. It has been profiled as one of the secrets of success of Jorge Paulo Lemann (Ambev beer, Burger King, now Heinz in partnership with W. Buffett) and all I find is a book from 1973 on amazon and some very...
Member's Profile
Ronald Pressler
Title: Senior Accountant
Company: in-between
(Senior Accountant at in-between)
I am looking for budgeting and forecasting guidance on how to budget an income statement, balance sheet and prepare a cash forecast. I just started my job and need to put together some numbers pretty quickly. How often do you update the cash forecast?
Member's Profile
Thomas Sherrouse
Title: Business Intelligence Manager
Company: TaxSlayer
LinkedIn Profile
(Business Intelligence Manager at TaxSlayer)
I'm revamping some of the Budgeting and Reporting we're doing and I wanted to take a poll and see what everyone's standard thought of what an FTE is. The general assumption is that 1 FTE = 40 Total Hours. This is based on Total Hours (Regular + OT + DT)  For Example: 400...
Anonymous Member
Anonymous
(Principal & CEO)
I was wondering what contract law stipulates regarding who has the authority to sign a contract on behalf of a company. When my company has a customer sign a contract, it is usually a Vice President or XEO who signs the contract on the customer's side. So in those situations, it...
Member's Profile
Chris Shumate
Title: Accounting Manager
Company: Dominion Development Group, LLC
LinkedIn Profile
(Accounting Manager at Dominion Development Group, LLC)
There are several corporate finance job titles. Among them are CFO, Treasurer, VP of Finance, Director of Finance, Director of Accounting, Director of Financial Reporting, Corporate Controller, Controller, Divisional Controller, and this doesn’t even include their assistants. There...
Member's Profile
Brett Bennett, CPA
Title: Head of Finance
Company: Bugcrowd Inc
(Head of Finance at Bugcrowd Inc)
Wondering what your company's best practices and methods for calculating DSO?  Currently, our company includes unbilled revenue or amounts from sales contracts that have been signed but no revenue has been generated yet.  It appears this is skewing the calculation. ...
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Simon Westbrook
Title: CFO
Company: Aargo Inc.
( CFO at Aargo Inc.)
I am working with a Company that really hasn't addressed the issue of formal internal controls, documentation and compliance. Does anyone have a Sarbanes Oxley checklist,  advice, or a good reference to facilitate the process of organisation?
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Jumaane Dyson
Title: Chief Financial Officer
Company: Consulting Firm
(Chief Financial Officer at Consulting Firm)
I called Bank of America and the representative stated that she never heard of a P-Card.
Anonymous Member
Anonymous
(CFO)
Has anybody had any experience in doing this?  Is it worth it?  What were the pros and cons?  How  did you handle your tax year?
Anonymous Member
Member's Profile
Julie Hammeras
Title: Manager of Financial Services
Company: Park Water Company
(Manager of Financial Services at Park Water Company)
I was looking for some accounts payable best practices ideas about setting stronger controls over our AP vendor files and found the table of contents to BNA's 2006 publication "Master Vendor File Maintenance, Audit & Control, Best Practices".  It looked great...
Anonymous Member
Anonymous
(Finance Manager)
We use QuickBooks Enterprise as our accounting system and we are planning to roll out a new budgeting system in the next month or so. Do you use the budgeting and forecasting tools in QuckBooks as the basis of your corporate budgeting? I see on another post that most small companies...
Member's Profile
Patrick Dunne
Title: Chief Financial Officer
Company: Milk Source
(Chief Financial Officer at Milk Source)
I want to increase our DPO and was curious if anyone has ideas on best practices.  Our A/P systems are set to pay based on due date and we cut checks/ACH's three times a week.  I don't want to just hold all A/P at the end of a month or quarter as I will probably pay for...
Member's Profile
Mark Valderrama
Title: Finance
Company: Manufacturing/Ecommerce
(Finance at Manufacturing/Ecommerce)
I work for a mid-sized manufacturing/e-commerence company and I am looking at both PlanGuru and Adaptive Planning as possible budget software upgrades to replace our excel budgets.  I'm looking to see if anyone has had any experience with implementation and usage of the product....