FP&A
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New Controller
Hi- I recently started as a controller (a new position for both the company and me) at a very young company. The owner is in his 20's with no formal business education. Same goes for the rest of upper management. The work environment is self-inflicted high stress. Everyone puts in 12-14 hour da…
17
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Groups Propose to Simplify Accounting for Small Firms
What's your take on this NY Times article? Groups Propose to Simplify Accounting for Small Firms By FLOYD NORRIS Published: June 9, 2013 Making accounting easier for small companies — and saving them the need to report some losses that big companies can face — has become a new preoccupati…
4
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What is the appropriate accounting treatment for RSU's which are settled with Treasury stock shares?
2M RSU's were granted in 2012 and are vesting over a four year period. The RSU's are being "settled" using Treasury shares. The fair value of the underlying stock is more than the share price of the treasury stock used for settlement this year.
2
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What are the first expenses that business consultants typically look to cut when they acquire a new client?
Business Consultants constantly pitch our company and tote that they can immediately cut our expenses/cost-basis by "X%". What costs do they typically look to cut first?
9
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Auditor wants waiver
We are a small private company (100 emp) whose financials are audited by a large international auditor. Recently, we reimbursed $280k to a related entity (controlled by our controlling shareholder) for loan transactions that occured several years ago, and which necessitated a restatement of financi…
5
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Which finance topics should we be teaching today's student in an introductory finance course?
There is a persistent theme in the Finance literature (i.e. studies from 1994, 1997, and 2002), the concepts taught in the introductory finance course are not those used by the practitioner in the office. As such, I am extremely interested in this community's take on which finance topics should we …
6
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Centralized or Distributed finance organization for global company?
Like most companies these days, we're global, with subs in Hong Kong, UK, France, Germany and soon to be other geos as well. I have highly capable accounting staff, insourced and outsourced, at each location, but no finance presence. All of our corp fin is consolidated in our US HQ, with different …
6
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How to most effectively leverage a strong balance sheet at public company?
My company has a rather strong balance sheet - a few hundred million in inventory and receivables - with a good track record of turning those into cash. We also have strong public equity and not much debt. What I see is that we have a lot of room for leveraging, we simply have not had the desire at…
9
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What are the ethics of an influential venture capitalist touting their own investments in a presentation?
Are they generally expected to specifically disclose "this is my investment" if they tout its performance in a very large spotlight with a lot of news coverage? What about citing the good aspects of the company's performance while not mentioning the bad?
4
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What resources do you use to find good candidates?
Looking for a poll of what online resources you use to find the best candidates. We have found Indeed.com to be one of the best; however we have some rural areas where we are continually struggling to find good candidates; so I thought let's ask the experts!
6
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Corporate Credit Card Program
I am looking to setup a corporate card program for a small non-profit. It will be used mainly for travel but a "one card" program is being considered. Much of the travel is in South Africa and India - so acceptance is key, along with overall ease of use, control, and costs. Any recommendations …
6
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Best way to prep for an earnings call?
I'm VP of Finance for a mid-sized public company. We are w/o CFO at the moment and I'm "running", or at least preparing the CEO, for an upcoming earnings call. Does anyone have suggestions as to content, people and process to ensure that I nail this? Thank you.
3
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The stock market is up, NASDAQ hit its highest close in 11 years, gas prices are on the rise... Are you seeing an improvement in the Economy?
Do you feel the economy is improving and if so, at what pace (slow, crawl, quickly) and what geographic area are you defining are you in. What do you see as the 12-18 month outlook? For example, I'm in New York City and I've see a continual improvement for the last year, alabeit a slow improvemen…
5
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Correcting a supplier billing error
We agreed with a key long term supplier, whom we have an excellent relationship with, to change payment terms from 1%10 n30 to straight n30. In return the supplier brought their price down. We took advantage of the payment reduction but 2 of our 4 divisions missed the change in payables and continu…
5
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Resources for best practices in cash management for SMB?
I am reaching out to see if anyone in the community has any helpful resources that they would share regarding best practices for cash management for small and mid-size businesses. Of particular interest are the tools that people use to consistently monitor the banks that hold their deposits. The …
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