FP&A
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Not a CFO issue? How would you consult RadioShack or others?
David McCann recently posted an article on CFO.com on September 15 regarding RadioShack's most recent CFO. He, John Feray, "jumped ship" for personal reasons, as the article points out. According to the analyst Michael Pachter the new CFO adds no value to Radio Shack's shareholders. Another analyst…
8
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Bottoms up forecast model in excel
Where can I find a simple bottoms up forecast model in excel? Any help on this is greatly appreciated!
2
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Best India Banks for Operating Account / Remote Administration from US
Hi, our company is setting up an Indian sub and needs to choose a bank to run monthly operating expenses/payroll through (1 wire a month) and keep a minimal balance other than that. This will be administered from the US. Any recommendations for the best banks to run this through (e.g. best balance …
3
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Receivable/Deferred Revenue Billing Timing Question
Given the following facts, when should the invoice date be? 12/31/14 or 1/1/15? *Contract signed/executed 12/31/14 (i.e., bookings count toward 2014 sales quota) *Contract term start 1/1/15 - 6/30/15 *Payment term: Prepay entire contract amount, net 30 B/S impact: 12/31/14 invoice date GL impact: D…
13
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Contingent Consideration in a Business Combination
Our company has does acquisitions of professional organizations. The purchase price is determined as a mutliple of EBITDA.We pay the Target with a combination of cash, promissory notes and earnout agreements. I just started here a few months ago, so I was not involved in the original computations t…
11
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Do you share your P&L?
This comment was made by James Scott on another topic but raised a question for me. "The primary problem is that employees have no "skin in the game" to really watch what they spend and then to provide the necessary data in expense reports (i.e. receipts and other info to code into the GL). And rec…
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Corporate Travel Policies
What type of travel policies do you use? Do you require budgets? Have a Per Diem rate, and if so how is that calculated? Lodging, certain hotel chains/star listing/Per Diem? Air, do you permit only coach, or do you allow business class, 1st Class? How bout booking air fare, how do you handle "last …
10
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"The budget is a tool of repression rather than innovation" said Bob Lutz the former COO Chrysler. Do you believe this is true or does this simply highlight an in efficient financial planning process?
Adding value to historical data tends to provide reactive solutions. Adding value during the financial planning process provides proactive value adding opportunities and therefore innovation proving Bob Lutz isn't necessarily correct. But what are these opportunities? What examples can you think of…
12
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eCommerce for start-up Customer orders and Payments and Supplier Orders and Payments
My client is a startup with 10 b2b customers coming on stream in next 45 days. Must select an accounting package and want b2b eCommerce for customer orders and tracking integrated with accounting. Each customer order will trigger a supplier order mirroring the customer order. Would like to order on…
2
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Board Governance - Board Goals
Who should be responsible for drafting/developing goals for the Board of Trustees of a school district? Case in point: local school district board is stuck on finalizing its annual goals, what seems unusual is that the draft goals they are reviewing were compiled by the school superintendent. Issue…
9
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Brain eating boss...
I am having an issue with my boss. His designation is OPERATIONS MANAGER and he thinks too much about himself. He always passes nasty comments about the company general manager and the CEO. I am fed up of hearing all these on a daily basis, but has no other option than hearing since he is my boss..…
18
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Key roles after going public
We are about to go public and while working on the IPO preparations and processes, I would like to know what are the key positions needed after the IPO. This is my first IPO and I’m not clear on what life will be afterwards. One of the key roles must be the investor relations role, but what are the…
9
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What are KPIs for business management in Financial area?
We are thinking how to set up KPIs for assessment of financial statements in the process of business planning and business management for a manufacturing Company. Please kindly share with me any documentation on definitions and guidances related to this area. Thank you very much for your kind atten…
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Does a civil/criminal Judgment against the Founder of a company impact his/her ability to sell the company?
A significant judgment was against me was awarded, resulting from an ugly dispute with a previous business partner. All this is now public record--including the unfounded allegations he made against me. How might this impact my ability to sell my company ?
3
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409a timing with option grant
Hi, We want to grant options to a new hire on 9/10/14. We are receiving our new valuation, with a valuation date of 8/31/14, at the end of September. Are we allowed to use our old valuation from 8/31/13? Or will we have to reprice the new hire's options? Thanks for the input! John
4
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Accounting for a small company which is a representative for an overseas company
Please give your advice on this situation. A small US company is in a contract to be a representative for a foreign company. This US company sells consigned products for the overseas company. The overseas company sets selling price and gives a 30% commission to the US company for sales. In particul…
15
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What dollar amount do you require receipts for backup on expense reports.
Currently, we require our staff to submit receipts for expenses $50 and over. This is only when they are using their corporate purchasing/T&E card. What do other companies require as a threshold for receipts?
9
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Cash Flow and Discount Payment Terms
Our company is considering offering discount terms to our customers in hopes of encouraging them to pay sooner. How do I go about performing an analysis to determine the effect on cash flow as well as the cost of offering this discount? Any guidance would be greatly appreciated.
14
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Capital Budgeting Techniques
Which do you find better: NPV or the IRR and if IRR, do you consider MIRR?
8
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How often does the president hired for a non-tech startup have an employment agreement and what are the terms?
We are working with a non-tech joint venture/startup in the aviation space and they are in the process of recruiting for a president. One partner has no experience with employment contracts (they are in Asia) and the other is not a fan. We believe the they will be challenged finding a president wil…
5
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Need foreign billing agency
We are selling enterprise software in Europe. Moderate size deals, both full-payment up-front and subscriptions. Some of our European customers don't like to send money overseas. They want a local company with a local bank that can do invoicing. This has gotten especially acute with the Euro-style …
4
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Private Placement Memorandum (PPM) for Manager Managed LLC
I'm working on the 'bones' of a PPM for a new venture, and have been using a template from RocketLawyer as a starting point. Trouble is, the template uses language that is more germane to an S or C corp than to an LLC. For example, it refers to shareholders, not members, and a few other minor struc…
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How important is a Startup company's accounting/finance system to an Angel investor or VC?
We are currently in the process of raising funds and attracting attention. We know enough to prepare for the Investor's due diligence to follow. While we have a small budget, our method of accounting and finance is probably typical for an operation under 6 employees. Will they want to see our books…
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KPI management tool
I am working in KPI management and I am looking for a tool that I can use to help me do the following: 1. Create and define new KPIs. 2. Tool should integrate with Databases such as Oracle to read row data needed to calculate KPIs 3. Generate reports and charts automatically per day, week, month, o…
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