FP&A
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Accounting to FP&A Possible?
I currently work as a corporate senior accountant for a mid-sized company. Prior to my current job, I worked as an auditor for 5 years for a small CPA firm. I have been a senior accountant with my current company for a year and I am now thinking to switch from accounting to finance. I just wanted t…
3
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Balanced Scorecard Template
Can anyone share a good template they use? Would you recommend using software to create your balanced scorecard, Excel or some other method?
7
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Should Excel Be Expelled?
"Can we totally eliminate excel as a financial analyst tool?" This question was asked at a recent webinar, now available on-demand: "How ‘Modern Modelers’ Will Take Over the World of Financial Analysis" Please add your thoughts about it below. Thanks!
17
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Financial Analysts vs Data Scientists - Darwinism In Action?
"Do you believe that data scientists will slowly supplant traditional finance roles (e.g. Financial Analyst) in most organizations?" This question was asked at a recent webinar, now available on-demand: "How ‘Modern Modelers’ Will Take Over the World of Financial Analysis" Please add your though…
1
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Do Google Docs Make You Want To Say, "Thanks For Sharing" Or Not?
"How do you feel about google docs as a sharing mechanism?" This question was asked at a recent webinar, now available on-demand: "How ‘Modern Modelers’ Will Take Over the World of Financial Analysis" Please add your thoughts about it below. Thanks!
3
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Why Aren't Our Models Both Smart And Beautiful?
"I have a concern that our accounting system that does not meet the needs of the modern modeler. I believe the system meets our core finance needs but how do we think about utilizing this system best to meet strategic reporting and analysis needs?" This question was asked at a recent webinar, no…
4
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How Do I Get Out Of Extra Reporting For Our Founder?
"We have founder that requires their own set of accounts be used in reporting, so we must convert our P&L into those accounts. How do you suggest I get out of doing that double-work?" This question was asked at a recent webinar, now available on-demand: "Designing a Great Management P&L"…
8
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Where To Present Capital Expenditures?
"Should capital expenditures, traditionally a cash flow item, and often a big line item, be presented in the management P&L? " This question was asked at a recent webinar, now available on-demand: "Designing a Great Management P&L" Please add your thoughts about it below. Thanks!
4
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Intercompany Management fee justification
Does anyone have a written justification for cross-charging foreign subsidiaries for HQ managing credit agreement negotiations and securing financing on behalf of the global organization as a whole and subsidiaries in particular?
4
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The best practice for storing invoices and packing slips for a big company
I am after a tips on the best way to organise paper records keeping (hundreds invoices and paper slips per month) and easy accessing for Audit purposes.
5
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What functions do you as Management expect from your Board of Directors
Whether you were part of the appointing process or you inherited a Board of Directors, what functions do you expect the Board to play in business and why? How do you address deficiencies in either the Board of its members to best add value to the company.
1
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Need Feedback on Moving Production to Mexico
One of my clients has asked me to assist them in evaluating the benefits of moving their production from Orange County CA to nearby Tijuana Mexico, perhaps using a Maquiladora "Shelter" provider. We've got a handle on the basics; Our production work is simple and low skill in nature, the logistics …
3
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Accounting for Receipt of a Stock Donation
I'd like to get some perspective on situations that may arise in our organization and be sure that we are compliant withing GAAP/FASB guidelines. We've recently switched from Cash Basis to Accrual Basis. I understand that this may not be the simplest way to record the transaction but it does record…
2
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Is Factoring Standard Operating Procedure Or For Special Circumstances Only?
"Should we consider Financing Tools such as A/R factoring, discount checks, etc., as a normal rule of business or only for temporary cash shortfalls?" This question was asked at a recent webinar, now available on-demand: "Essentials of Working Capital Management: Trade Credit & Collections"…
4
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How Is Working Capital Management & DSO Different For Software Vendors On Annual Contracts?
"How do you recommend a software business that sells annual recurring contracts think about working capital mgmnt? Is the traditional D.S.O. metric meaningful when revenue is amortized over 12 months? " This question was asked at a recent webinar, now available on-demand: "Essentials of Working…
1
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Looking for recommendation for an inexpensive timesheet system
I need to implement a timesheet system for project teams. Currently they do not track time by project and all billing is fixed price. I want to track time by individual across multiple projects and have the ability to charge customers on a T&M basis. I am looking for an inexpensive cloud-based …
3
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Start-up informational video and website re-design
This is outside the finance function but we are a 1 year old start-up that is gearing up for our product introduction. We are looking for providers that can make a more polished product video and REdesign our website. Our current ones look and feel like it was made early 2000. We would like an enti…
1
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AR payments apply to the incorrect invoices
We have a big problem and hope someone on this forum can help. Our AR manager just left our company a few weeks ago. We just ran our AR Aging last week and found one of the accounts has a big amount past due, so we decided to collect the debts. When calling the customer and ask if they could pay on…
2
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AFP Code/Category Catalog
I am hoping to ascertain an entire list of AFP Service Codes and categories. Alternatively, a list that identifies all service categories (Wires, Information Reporting, etc.) I understand there are pricing studies available from Phoenix Hecht and AFP sells codes, but is there a simple list of the c…
3
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Is it possible to transfer or loan money from your first business to a second business and not pay tax on the transaction?
Hello, I'm trying to think about structuring a transaction for a second business venture. I want to pull funds or loan funds from a first business and transfer it over to a second business. Can this be achieved without paying taxes on the funds transferred to the newly formed second business?
5
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Can costs of new product be capitalized during Beta testing
We have been capitalizing costs to develop software & hardware for our new product. We are in the final stages of R&D and have produced the first run of the product. This group of products will be used for QA testing as well as several that will be given to customers to use/test for us. The…
2
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Tech Startup Forecasting Advice
"Any advice for a small tech startup trying to boost forecast accuracy in its first year of operation? We don’t have extensive operating history and thus our actuals are varying significantly from forecasts?" This question was asked at a recent webinar, now available on-demand: "Calculating Financi…
5
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World Class Forecasting Benchmarks
"Does anyone have "world class" benchmark results for forecast accuracy or know where I might find some?" This question was asked at a recent webinar, now available on-demand: "Calculating Financial Forecast Accuracy" Please add your thoughts about it below. Thanks!
1
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How To Measure Forecasting Accuracy
"Which measures do you recommend tracking for measuring forecast accuracy? Revenue, Profit or others?" This question was asked at a recent webinar, now available on-demand: "Calculating Financial Forecast Accuracy" Please add your thoughts about it below. Thanks!
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