FP&A
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Accounting for Stock Warrants Issued
Anyone able to comment on the appropriate accounting treatment for warrants? We have several issues - issued at or above market at time of issue, and issued below market at time of issue. Private company, so 'market value' is a bit subjective. Do we need to record a warrant expense on a mark-to-…
1
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DSD Analytics
I am looking to build some analysis of the companies route sales for our DSD division. We currently have very little statistics that we analyze. Is there a resource that can point me in the right direction to begin bench marking areas of our DSD operation?
1
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Start-up finance hiring - top down or bottoms up?
We are close to closing on a round of financing that will result in hiring of a sales force and is likely to grow our revenue substantially. I will finally be able to grow from a Finance department of 1 over the next several months to a year. As I look to my first group of hires, I'd like to know t…
18
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Media Production Financing
I'm helping a company expand their operations; they primarily do short film animation (from idea through to post-production) and related graphic / product design for merchandising. Their funding has primarily been project-based private funding. It would be interesting as part of this project to exp…
1
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Young manager, older employees
Hi all. Im about to take over a chief accountant role, and will have to manage older people than me. The company is in a process of implementing new ERP and I expect eventual double trouble. Not only older people usualy resist to changes but here is the second problem that I'm younger by about 15-2…
12
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PROS & CONS of Using Professional Employer Orgs (PEO)
I'm helping some small companies set up their infrastructure and ramp up operations, sales, etc. These companies are hiring bulk of their staff in one location, but they also have sales staff spread throughout the US and some small pockets of R&D in other locations. Setting up payroll and benef…
4
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Annual Physical Inventory
It is required with auditor's observation for audit, and a part of internal control. Can the annual count be eliminated if the company only requires review report and has reasonable proof of the accuracy of its inventory quantity?
5
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What are the painful or time-consuming aspects of closing the books?
I’m in the planning phase of a feature for my startup, a feature intended to help accountants close the books for quarterly cutoff. I’d like to make sure we’re addressing the actual pain points. What’s the difficult or time-consuming part about closing the books?
23
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Synthetic Letter of Credit
Are synthetic letters of credit widely used? What are the negatives for a beneficiary who accepts one as collateral? If I understand correctly, the cost to the borrower is a facility fee plus the interest generated from the funds supporting the LC placed in escrow. Thanks for any information…
1
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Do you ask for an NDA when seeking capital?
Recently I have been seeing a few companies looking for funding ask us to sign an NDA before giving us any info about them. From a lenders' standpoint; a.) I'm not in the business of doing whatever you are trying to do so there is little chance of me going into competition or stealing your secrets …
1
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What issues do you see for a Foreign Company opening its doors in the US
I'm looking for examples of what needs to be done right and what should not be done (wrong). To my mind, some of the questions that need to be answered are: What are they offering (goods or services). Value proposition; why would I buy from them? Where the company might be located. Are there any co…
1
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Internal Control of Telecommunication Devices
Hello, Can anyone offer any advice or policy resources for the following situation: A municipal government that has a senior leadership team of 5, and reports to council has recently issued smart tablets to each council member. Unfortunately, no terms of agreement document was created for them to s…
3
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CEO Expense Approval
Who should approve CEO travel expense reimbursements? Should it be the board of directors or the CFO? Many boards meet on a monthly basis only which might make board approval difficult. What you anyone suggest however, if the CFO had shown in the past not to properly vet senior management's expense…
12
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what are startups/small companies with 1-3 employees, doing about health insurance?
reimbursement for employee policies? State-mandated policies? or?
15
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Inventory Turns and Out of Stock/Backorder
I just took Working Capital Management by Joseph Ori at Proformative learning (https://www.proformative.com/courses/). Great course! It go me thinking, and the issue wasn't covered (you can only cover so much in 60 minutes), so I thought I'd see what the general opinion is.... It's been a rule of t…
2
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Thoughts on Small Business Lender Covenants
I have recently moved to a small business (less than $20m in revenues) and am used to seeing bank covenants use trailing 12-month earnings (EBITDA) as a measure for leverage and debt service. However, our current covenants are using tangible net worth to measure leverage. I am curious about two thi…
4
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What is the accounting for restricted stock releases in situations where the employee chooses witholding of vested securities to cover for taxes
I am looking to get a basic understanding on the accounting treatment for restrticted stock vesting. The situation is shares have vested but the employee has chosen to have the company withhold shares to cover for taxes.
2
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When are you no longer a startup?
If you are a 15 year old software company and you still have not IPO'ed, been acquired, gotten investment, can you still be called a startup?
8
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System solutions for recently funded tech start-up - focus on forecasting/reporting/dashboards
I need to set up the initial systems for a soon to be VC funded software start-up and would like suggestions for a group of add-on's that work well together. You know the drill, year 1 is all about expense accounting, managing cash and investor reporting. The "plan" changes constantly, no revenue, …
2
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Financial and marketing metrics for social media applications
I am trying to help (pro bono) a local organization develop a business plan for a social media app. Other than thins like # users, cost per user acquisition, and a few others, does anyone have a list or a template for such a plan showing the basic financial and other metrics such a start up would a…
4
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Zero Based Budgeting
A feature article in CFO says old is new again. Zero Based Budgeting, which gained prominence during Jimmy Carter's Administration. What do you think? Are you using or willing to change your budgeting/forecasting methodology to Zero Based?
3
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Who was the best CFO you ever worked for and why?
I was recently talking to Max Murphy, one of the journalists I most respect and enjoy on the CFO beat in the Wall Street Journal. He asked me who was the best CFO I ever worked for/with and why. I thought I would share that story here and ask others for their input as well. When I was early in my f…
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