FP&A
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What's the purpose of the acid test? Should it be redefined?
The company where I work is involved in construction. Our financial statements are reviewed by outsiders more so than other privately owned companies. Ratios that are seem useless are used, picking apart the company's financial position to see if our bonding capital should be increased, how likely …
1
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Reporting Deck for Monthly Ops meeting
Hi there, I was wondering if someone could provide me with examples of the different slides that I need to prepare for the monthly Financial ops meeting? I'm learning the art of telling a story, and I have used some of the ideas suggested in the book "Painting with Numbers" by Randall Bolten. (I pe…
2
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In China, a Rep Office cannot "sell." Does anyone have a specific definition of what activities qualify as selling in China?
We are looking at expansion into China to support cross-border sales from the US. We are open to either a Rep Office or a WFOE; the WFOE would probably operate as a Cost-Plus entity (no direct sales). What pitfalls do we need to avoid? Are there specific activities we should be sure to steer clear …
2
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Am I Doing a Good Job
I have been working for a long time for companies that say nothing about the job you are doing until they are ready to fire you. The first step is emails correcting things you do, then a work review that was supposed to be done every 6 months, but never done, until suddenly it needs to be done imme…
15
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How would you handle this?
Company X is making a deal with Company Y X will provide essential purchase services including 3PL and use their credit facilities to finance inventory, which will be sold to Y as it is sold to Y's customers. There is no actual dollar investment in Y. Variation 1: Company X gets 50% of business and…
4
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Implementing Hard deadlines for Processing transactions to improve Cash Flow
I am looking for ways to improve cash flow and the nature of billing is done in cycles only at the beginning and end of each month similiar to a subscription model. My hopes are that if I bill earlier for services incurred lets say on the 25th of the month for the 1st of next month I will acquire c…
5
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Is writing payment info on bills more efficient than making copies of payable checks and attaching?
looking for an efficient way to handle ap payments
2
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Allowance for Doubtful (Bad) Debts
Which methodology do you use and why? Risk Method Historical Method Pareto Method Dart Method
8
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Change ~ Embrace or run?
I work in an extremely fast paced, ever changing company. Let's face it; our phones are often outdated less than a year after we purchase them and often times the next model has been launched before we even figure out the depths of what these devices are capable of! I often times hear "We just can'…
9
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Financial Statement Opinion
I was wondering if you could help me out with a financial statement question for a possible job interview? My question is if you were a bank and a company was trying to borrow money from you to purchase commercial real estate and you could only use one financial statement (income statement, balance…
7
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Cooperative Advertising Funds
My supervisor is considering to change the method of payment for cooperative advertising funds we pay to our customers from an invoice process to a credit note. It seems that in France cooperative advertising funds paid to customers are legally required to be invoiced instead of getting paid out vi…
1
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Can co-workers be friends and like family?
I am a bit old school, and I need to enjoy my work. I have been accused of being too close with work colleagues and direct reports, but that is in my nature. It helps drive my passion to care about those with whom I work. How can I balance my human nature with business success? Should I start my ow…
8
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B2B Transactions Compared to Due Diligence
My company is in the state of Ohio which states that B2B transactions are not escheatable and therefore not submitted as unclaimed monies due. However, I'd like to hear the group's thoughts on the due diligence process (i.e. the letters that go out to the claimants requesting response). My feeling …
1
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Best Planning, budgeting, forecasting tool - TM1 or Arcplan
Hello Gurus, I got one question - In my co we are in process of implementing Qlikview for analytics, reporting and we are currently evaluating TM1 Cognos, SAP BPC, Arcplan for Planning, budgeting, forecasting. Can any body guide me which tool is best for Planning, budgeting, forecasting in Mfg.orgn…
2
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Cell Phone Stipends
We are looking to update our cell phone reimbursement policy. What's the average dollar amount that companies are reimbursing?
7
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KPI's, how often should you examine them?
For a business that doesn't sell time-valued goods (goods with a explicit shelf life, like food) how often do you run KPI's? Assumption is all of us do this monthly, and look at cash vis a vis the A/R & A/P aging schedules as the payment cycle moves. But do you do it more often and how often. H…
7
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I am looking to build a dashboard of KPIs for several different companies where I act as their CFO. They are on Quickbooks Enterprise and I am considering Axiom EPM, and Adaptive Planning. Any input
How simple are they to implement and monitor? How dynamic are they for a CEO that might want to check the data regularly? Are they targeted to large or small companies and could they work at a smaller company?
5
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Acquisition of UK based comapny
I am an interim CFO of a Dallas-based anime (Japanese animation) distribution company. The company is in process to acquire a UK based small start-up with a French subsidiary. I’d like to talk to a fellow Proformative member who possesses experience/knowledge with such a transaction. On a separate …
4
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Venture backed Company Employee Compensation Survey including options
Anyone know a good recent survey report on Silicon Valley venture backed company employee compensation including salary, bonus and option plans?
5
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What list of internal controls does your company consider to be its best practices?
Too often internal controls are put in place by an organization because its auditors advised that it was necessary to deter fraud and other reasons. Segregation of duties among personnel is one of the biggest issues that companies have to tackle. My opinion is that cash disbursements and cash recei…
2
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How to get my boss fired?
Let me first say that I really enjoy my job and feel committed to the company I work for and the people I work with. I've been here for a couple of years. About 4 months ago they hired a CFO from hell. The only tool in her employee management toolkit is nastiness. One of her main skills is apportio…
30
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Does anyone have a timeline for switching external auditors?
Assume you have a calendar year end, when do you inform your current auditors you are putting the account out to bid, wait until the year end audit is complete? Do you wait until the year end audit is complete before contacting other firms requesting an RFP or can you start sooner? Anybody who has …
2
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Need to know if these practices are ethical and/or legal
I'm an Accounts Payable professional and have worked in the industry for over 10 years and consider myself very ethical in doing my job. I recently started a new job and am unsure if what I've been asked to do is ethical/legal or if it's just a case of poor practices. I'm not sure where to research…
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