FP&A
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Stock Plan recordkeeping and financial reporting for a pre-IPO company.
I am seeking information on Equity transaction systems for a company that is in a pre-IPO stage. I am very familiar with CapMx from SVB. Their functionality for public companies does not seem to be very robust but if you use CapMx and are in public company, please let me know as i d love to chat wi…
2
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What is the best way to survey customers to improve our on-line ordering?
Our company provides fulfillment services for many other companies and our margin is tight.We want to find out from our phone customers why they choose to use our call center instead of using our on-line resources. Internally, there are several theories as to why this is the case and how to re-…
7
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How do I explain to my CEO that he should not sign his own expense reimbursement checks?
My CEO believes that it is ok for him to sign his own expense reimbursement checks. I am the accounting manager for this defense contractor and I presented the internal control speech but he needs to see some documentation supporting my point. What documentation can I give him? thanks all
1
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Mid-sized company, but first ever audit
I'm getting ready for my company's first ever audit. I'd love to tap the insights of the community for things I should focus on for preparation and execution of a successful audit. We are a double-digit million dollar manufacturing company with all that entails: inventory, supply chain, lots of c…
13
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Explaining losses to the board considering current economic conditions
How do you explain to the Board that due to the economy you have lost money the last two years and it will take 2 to 3 years to make a profit with sustainable growth?
1
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Looking for an Expert in Rolling Forecasts/Budgets
I was recently contacted by a large magazine asking if I had any recomemendations for CFOs who are expert in rolling forecasts and budgets. Here is the description of the article they want to write: The Benefits of Rolling Forecasts: Instead of setting budget goals and priorities a year in a…
3
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Stock transfer - GIFT or COMPENSATION?
Our CEO personally gifted shares to four employees - 2 family members and 2 very close friends. He was advised by a premier law firm there might be risk with classification but that based on his relationship and family status with the 4 he would be fine and could defend his rationale. Our auditor…
4
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Payroll & HR Controls
I am working with a small accounting team that has only one HR and PR administrator. She is responsible for everything from new hires, to benefits, terminations, status changes, to payroll processing and taxes. I am curious how those of you in smaller organizations are managing the controls re…
6
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control best practice for new foreign subs
Hi, all, we are a medium sized technology company in the midst of expanding to Brazil & France. In Brazil, we are using external advisory firm to manage accounting, tax, payroll, etc. While in France, we have some accounting resources sitting in our London office to help out (he can speak …
11
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How do you see the future changing for the XBRL process?
We’ve just finished our first XBRL filing and it was harder than it needed to be. How do you see the future changing for the XBRL process? Will it continue to be an addon at the end of the reporting process carried out through printers or will companies bring more in house. If so, how do you see…
1
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Are there companies using external indicators to measure or drive their business?
It feels like in this economy we should be monitoring some external indicators, I can think of a few for our business, but are there companies using external indicators to measure or drive their business? If so where are they consistently finding them, how are they bringing the information in?
6
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SOX Exemption debate
There was debate today over legislation to permanently exempt midsize public corporations from outside audits of their internal controls over financial reporting, a requirement that dates from the post-Enron Sarbanes-Oxley Act of 2002. At issue is a bill introduced by Rep. Stephen Fincher,…
6
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Cost-Plus Contracting - Experiences, Pros and Cons
Have a channel partner grilling us on component costs (to get overall costs down) and a solution we're looking at is a cost-plus supply agreement wherein we would be free (and expected) to disclose costs in detail. Then we just negotiate over overhead and profit %'s. Anyone care to share exp…
1
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How Frequently Should You Roll Your Rolling Forecasts & Budgeting?
Old fashion budgeting is going the way of the dinosaur. Real time 24/7 forecasts are becoming the norm and are requirements in many organizations. They offer better performance expectations management, better controls and constant insight into an organizations performance. The real challe…
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