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Welcome to the CFO Edge Resources page, a centralized gateway to fresh perspectives and recent developments in financial strategy, business management, and day-to-day financial operations.

About CFO Edge

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Case Studies

RadNet, Inc. Case Study
This case study looks at how CFO Edge helped the EVP/CFO and CAO of RadNet, a public company providing diagnostic imaging services, with GAAP-compliant financial statements, post-acquisition accounting integration, and SEC filings.
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White Papers & Briefs

CFO or Controller: What's Right for Your Business? Learn more

Outsourced CFO Services:
When Do They Make Sense for Your Business? Learn more

Performance Measurement: At the Heart of Performance Management Learn more

Year-End Strategic Planning & Forecasting Brief Learn more

Planning a Business Exit
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Newsletter

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Media Coverage

San Fernando Valley Business Journal
Op-Ed
May 16, 2016
Overregulation Stunts Growth

Inland Empire Business Daily
May 2016
Clearing the Hurdles of Business Lending

The Costco Connection
May 2016
How to Spot a Wavering Customer

Los Angeles Business Journal
Op-Ed
May 25, 2015
Business Can Make Splash in Water Conservation

Compliance Week
January 27, 2015
How M&A Due Diligence Goes Wrong

The Costco Connection
December 2014
Year-End Tax Planning

Los Angeles Business Journal
Op-Ed
November 10, 2014
Forced Wage Raise Means Job Losses

Bill Black, ExitCoachRadio.com, interviews Arthur Rothberg (audio)
March 5, 2014
Exit Planning from a CFO's Perspective

Los Angeles Business Journal
Op-Ed
October 28, 2013
Getting Started in Los Angeles on Mayor Eric Garcetti's First 100 Days in Office

J.W. Najarian, On Purpose Magazine, interviews Arthur Rothberg (audio)
May 24, 2013
How Using Outsourced CFO Services Can Highly Benefit Your Business

Los Angeles Business Journal
Op-Ed
March 18, 2013
California Policies Leave Companies Open to Poachers

The Costco Connection
March 2013
Measuring Performance - Key Indicators of Business Success

Los Angeles Business Journal
Op-Ed
December 10, 2012
California Trapped in State of Rising Taxes?

Other Resources

Business Record Retention Schedule. Download

 

CFO Edge Resources

 
 
Articles - Wednesday A.M. Brief Series
 
Note: To find a topic covered by one of the over 250 articles on this page, open your browser's "Find" function and enter the topic. In many browsers, this is done by using the [ CTRL + F ] keys.
 
Cybercrime: A Growing Risk for Businesses & CFOs
March 15, 2017
 
Building your cybercrime defense system starts with ranking all your data and apps based on their value and their relationship to revenue.
 
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Growth Strategies: Is an M&A in Your Company's Future?
March 8, 2017
 
A great transaction fit requires weighing M&A pros and cons, assembling the right M&A advisory team and performing thorough due diligence.
 
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A Healthcare Option Returns: Qualified Small Employer HRA
March 1, 2017
 
With QSEHRAs, employers not offering group health insurance reimburse employees for their health insurance premiums and out-of-pocket expenses.
 
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How Much Financial Data is Too Much Financial Data?
February 22, 2017
 
The right financial data balance prioritizes delivery by relative importance, actionable nature and alignment with strategic goals.
 
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Now is the Time to Prepare for New Accounting Standards
February 15, 2017
 
Specific steps should be taken now to mitigate the potential negative impact of new Revenue Recognition and Lease Accounting Standards.
 
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Why You Must Keep Your Key Advisors Consistently Informed
February 8, 2017
 
Regularly updating your CPA, attorney and other professionals on business activity brings more knowledgeable and prompt responses when you call for advice.
 
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Why Management Reporting Is More Critical Than Ever
February 1, 2017
 
Finance staff can overwhelm management with data quantity. The focus should be on actionable data quality aligned with company goals.
 
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Key Considerations in Business Planning for 2017 & Beyond
January 25, 2017
 
To address possible changes in tax rates, healthcare and interest rates that impact forecasts and budgets, adopt proactive strategies now.
 
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Should You Use a Professional Employer Organization?
January 18, 2017
 
As co-employers, companies hire and manage staff. PEOs run HR functions, compliance and benefit packages that rival large-firm benefits.
 
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The Role of Finance in Creating a Customer-Centric Culture
January 11, 2017
 
Without strong and rapid cross-functional innovation, finance and other departments put competitiveness, market share and revenue at risk.
 
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When Should You Consider Hiring a Part-Time CFO?
January 4, 2017
 
Reviewed are Part-Time CFO scenarios, skills, focus, frequency of presence and four significant benefits of bringing in a Part-Time CFO.
 
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When Should You Consider Hiring an Interim CFO?
December 28, 2016
 
Reviewed are Interim CFO descriptors for skill sets, focus and duration of presence, as well as the benefits of bringing in an Interim CFO.
 
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When Should You Consider Hiring a Project CFO?
December 21, 2016
 
Nine scenarios illustrate financial and operational challenges that are effectively resolved by an on-demand Project CFO.
 
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How to Prepare Your Integrated Financial Plan for Investors
December 14, 2016
 
Integrated financial plans that proactively address investor concerns, identify key strengths, and update projections with current results enhance investor presentations.
 
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The Importance of Managing Working Capital for Liquidity
December 7, 2016
 
Managing to the right KPIs drives stronger cash positions, better access to credit and greater abilities to invest in growth initiatives.
 
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How to Minimize Risks in Family Business Succession
November 30, 2016
 
To reduce risks in family business succession planning, be aware of the 5 D's - death, disability, disaster, divorce and disagreements.
 
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Making the Finance Department a True Team Player
November 23, 2016
 
Three steps help finance staff interact with other departments as internal customers and deliver exceptional customer service to them.
 
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The Benefits of Establishing Strong Vendor Relationships
November 16, 2016
 
To bring win-win outcomes with vendor partners, focus on three areas in vendor reviews and manage accounts payable to avoid three risks.
 
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Should You Consider Implementing Project-Based Accounting?
November 9, 2016
 
Without project-based accounting, project-based firms risk four negative outcomes. Managing by project-level data drives eight benefits.
 
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The Importance of Checking a New Client's Creditworthiness
November 2, 2016
 
Reviewed are four dangers of not checking credit scores, three credit reporting agencies and four powerful benefits of credit checks.
 
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The CFO as Your Company's Risk Manager
October 26, 2016
 
Issues in HR, IT and more areas pose threats. Having seen many first-hand, an on-demand CFO can act as a risk manager to plan for them.
 
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When Do You Need to Obtain an Audit?
October 19, 2016
 
Well-versed in lender and investor expectations, an on-demand CFO helps to bring financials up to GAAP standards and prepare for an audit.
 
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How to Implement a New ERP Software System
October 12, 2016
 
Five ERP implementation steps help assure desired outcomes like improved efficiencies, reduced labor costs and enhanced decision making.
 
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Could Your Company Benefit From Verticalization?
October 5, 2016
 
Aligning by vertical segments better meets customer needs, positions salespeople as trusted go-to experts and can increase ROI.
 
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Is Industry Expertise Overrated When Choosing a Provider?
September 28, 2016
 
Professional services firms with leading-edge perspectives and more enterprising solutions can be more effective and cost efficient.
 
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Six Steps You Should Take to Secure Your Corporate Data
September 21, 2016
 
Data security audits, encryption and employee education reduce risks of financial loss, better protect client data and enhance compliance.
 
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When & How to Conduct a Business Valuation
September 14, 2016
 
Valuation keys are the purpose, GAAP-compliant financials, the discount rate and the type: fair market, investment, intrinsic or fair value.
 
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Reduce Hiring Costs by Using Tax Incentives
September 7, 2016
 
An example: the Work Opportunity Tax Credit (WOTC) can cover about 47 percent of hiring and training costs for employees in target groups.
 
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Strategic Planning: Do You Have a Clear Vision and Mission?
August 31, 2016
 
Answering two questions clarifies your mission and vision: Why does your company exist? Where do you want it to be in the future?
 
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Why Owners Must Be Hands-On With Forecasting
August 24, 2016
 
Forecast objectives inform use of a qualitative, quantitative or casual forecasting model, and effective forecasting drives five benefits.
 
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The Limits of DIY: When to Use an Accounting Professional
August 17, 2016
 
Do-it-yourself management of your financial data can bring seven problems and reduce the likelihood of success with lenders and investors.
 
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All About Budgeting: Common Challenges & Solutions
August 10, 2016
 
When budgeting frequency, resources, focus, purpose and buy-in are proactively addressed, four high-level positive outcomes occur.
 
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Strategic Tax Planning: Vital When Expanding or Relocating
August 3, 2016
 
Expansion or relocation requires review of possible tax refunds, credits, abatements and exemptions, as well as grants and enterprise zones.
 
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Does Your Business Do Strategic Planning?
July 27, 2016
 
A formal strategic planning process addresses three key steps, a planning session agenda and elements needed in the written strategic plan.
 
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When Should You Outsource vs. Do Work In-House?
July 20, 2016
 
There is no one-size-fits-all answer. Outsource vs. in-house decisions are informed by five potential benefits and four potential drawbacks.
 
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The Importance of Keeping Your House in Order
July 13, 2016
 
Addressing six questions helps position your business to take advantage of opportunities with investors, lenders and potential acquirers.
 
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Robotic Process Automation: The Future of Digital Technology
July 6, 2016
 
By automating repetitive and non-value added tasks, robotic process automation improves decisions, control, compliance and risk management.
 
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Key Steps to Building a High-Performance Finance Staff
June 29, 2016
 
Recommended steps promote optimized performance and reduce downsides when the right employees are not hired or matched to incorrect tasks.
 
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Should Your Company Purchase Accounts Receivable Insurance?
June 22, 2016
 
Discussed in this article are how accounts receivable insurance works, what it can cover, variables impacting premiums, and its multiple benefits.
 
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Why You Need to Diversify Your Customer Base
June 15, 2016
 
Reviewed are how high customer concentration can have four negative impacts, as well as recommended customer base rebalancing strategies and the positive results they can deliver.
 
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Why You Must Perform Due Diligence Before an Acquisition
June 8, 2016
 
Discussed are fifteen critical questions that should be addressed and resolved prior to signing an acquisition agreement.
 
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How Value-Based Pricing Can Boost Revenue & Profitability
June 1, 2016
 
Value-based pricing is a shift from what your offerings cost to a customer-centric approach: what are they worth to your customers?
 
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A Financial Team's Critical Role in Preparing Exit Strategy
May 25, 2016
 
Along with accurate, current and verifiable financial statements, an exit finance team delivers significant contributions in many other areas.
 
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The Benefits of Using Purchasing Cards
May 18, 2016
 
P-card vs. procure-to-pay costs are compared, and the discussion looks at how significant benefits are driving companies to use purchase cards for larger-ticket items like equipment, materials, mortgages and rent.
 
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Continuous Accounting: A Paradigm Shift for Finance Teams
May 11, 2016
 
Reviewed are continuous accounting’s three core principles, four key benefits, and how it differs from the record-to-report model.
 
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Centralized vs. Decentralized Organizational Structure
May 4, 2016
 
Knowing characteristics, advantages, and drawbacks of centralized vs. decentralized organizational structures informs the right framework.
 
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The Need to Bring Finance & Accounting into the Digital Age
April 27, 2016
 
Continuing to use outdated legacy systems carries six risks. Five recommended steps can produce four positive outcomes.
 
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The Complexity & Importance of Accounting for Divestitures
April 20, 2016
 
Accounting for divestitures must address four specific challenges, and failure to do so can cause three potential negative impacts.
 
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Why Service Businesses Must Track Employee Utilization Rates
April 13, 2016
 
Illustrated are two methods to calculate an employee utilization rate, as well as ways to use it to work smarter rather than longer.
 
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How to Put Data Mining to Work for Your Business
April 6, 2016
 
A growing number of small and mid-sized firms are leveraging data to discover fresh insights, make better decisions and improve performance.
 
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The Benefits of Revisiting Processes, Workflows & Technology
March 30, 2016
 
The entire internal operating spectrum should be periodically assessed to discover where cost-effective changes can be made.
 
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How to Meet Today's Small Business Financing Challenges
March 23, 2016
 
With large banks making fewer small business loans, six financing alternatives are viable ways to secure needed funds.
 
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The Impact of Generational Differences on Succession Planning
March 16, 2016
 
Addressing core value and work asset differences of Baby Boomers, Generation Xers and Millennials reduces potential succession planning issues.
 
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The Benefits of Creating Effective Policies & Procedures
March 9, 2016
 
Effective policies and procedures (P&Ps) mitigate five risks, address five challenges, and deliver five benefits.
 
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Top Wage & Salary Challenges Facing Businesses Today
March 2, 2016
 
Five specific wage and salary challenges must be successfully addressed, or four critical problems can occur.
 
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Learn from Last Year's Mistakes as You Move Forward in 2016
February 24, 2016
 
The answers to seven questions clarify corrective actions, and courageously moving forward delivers five specific benefits.
 
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Financial Planning & Analysis: What It Is & Why It's Important
February 17, 2016
 
Financial planning and analysis, different from traditional accounting in many ways, is defined. Also discussed are hurdles to implementation and first-step recommendations.
 
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The Importance of Strategic Planning, Management & Execution
February 10, 2016
 
Combining a strategic plan's high-level and forward-thinking approach with strategic management helps deliver five specific benefits.
 
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How to Guard Against Unpleasant Regulatory Surprises
February 3, 2016
 
Reviewed are four critical questions in a regulatory risk management review.
 
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Start Preparing Now for New Revenue Recognition Standard
January 27, 2016
 
Itemized are six risks that can increase with inadequate preparation. Also reviewed are five critical areas that should be discussed now with a knowlegeable financial professional.
 
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Should You Consider Zero-Based Budgeting in 2016?
January 20, 2016
 
Discussed are descriptions of zero-based budgeting, environments where it is a beneficial strategy, and frequent misperceptions of ZBB.
 
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How to Negotiate Favorable Credit Terms from Vendors
January 13, 2016
 
Reviewed are reasons credit terms have not been negotiated, examples of negative impact, and recommendations on obtaining move favorable vendor credit terms.
 
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Do You Really Need to Make That Business Trip?
January 6, 2016
 
Reviewed are the benefits of engaging in virtual meetings - like with Facetime or Skype or Facetime - that can include time and cost savings, greater productivity, and happier employees.
 
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Six Steps for Overcoming Analysis Paralysis in Your Firm
December 30, 2015
 
Start now with initiative definition, scope, solution development, deployment, documentation, and team debriefing - and then iteratively repeat as needed.
 
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Where to Turn When You’ve Outgrown Your CPA
December 23, 2015
 
Seven indicators call for more forward-looking capabilities, and nine solutions from a CFO services firm address them.
 
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Six Human Resources Areas You Must Monitor & Manage
December 16, 2015
 
Firms of all sizes must carefully monitor and manage employee turnover, training, benefits, safety, development, and HR exposures.
 
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Now is a Good Time for An Annual Business Checkup
December 9, 2015
 
Focusing a review now on eight specific financial and operational areas ensures the ongoing good health of your business.
 
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Four Strategies for Sustained Business Growth
December 2, 2015
 
Reviewed in this article are comparative merits of growth through acquisition and through organic growth. Four organic growth strategies are also explored.
 
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Accounting for Goodwill in a Merger or Acquisition
November 25, 2015
 
Identified are five problems that can occur when goodwill accounting is not done correctly in an acquisition, as well as four examples of positive outcomes from working with a CFO services professional to address them.
 
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How Might Disruptions in China Affect You & Your Business?
November 18, 2015
 
Five questions are introduced, and your answers help determine to what extent your company could be vulnerable to Chinese supplier disruptions.
 
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The Hidden Costs of Accounts Payable Processing
November 11, 2015
 
Discussed are how the inefficiencies of non-automated billing and payment processing are successfully resolved with electronic invoice presentment and payment (EIPP) technologies.
 
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How to Tell If You're About to Lose a Customer & What to Do Next
November 4, 2015
 
Discussed are ways to identify early warning signs of a customer loss by training customer-facing employees on eight questions, on noticing customer actions, and on taking next steps.
 
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Seven Tips for Becoming a Better Negotiator
October 28, 2015
 
Included in the discussion are suggestions on preparing for negotiations, identifying the real issues, defining deal-breakers, listening to fully understand, building rapport, putting price in perspective, and striving for win-win outcomes.
 
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Lean: It Isn't Just for Manufacturing Firms
October 21, 2015
 
Discussed are lean's redefinition of the price/cost/profit relationship, and its focus on eliminating actions and costs that don’t add value.
 
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The Role of Emotional Intelligence in Financial Leadership
October 14, 2015
 
Reviewed are an emotional intelligence definition, its role in leadership, and five specific traits that typify leadership performance.
 
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Challenges Business Owners Face in Raising Equity Funds
October 7, 2015
 
Reviewed are four competencies required to raise equity, four risks when skillsets are missing, and five ways an on-demand CFO services professional can help.
 
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Factors to Consider Before Buying the Business Where You Work
September 30, 2015
 
Reviewed are financial factors like financing and risk; current business health indicators; and coworker relationship changes.
 
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The Proper Role of Fear in Business Decision Making
September 23, 2015
 
This article looks at examples of how fear delays or prevent decisions that can generate growth, as well as five recommendations to apply to your decision-making processes when weighing risk vs. reward.
 
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Strengthen Leadership to Boost Employee Motivation & Retention
September 16, 2015
 
Reviewed are characteristics and strategies business leaders must have to be successful in hiring, motivating and retaining employees.
 
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How to Manage T&E Expenses More Effectively
September 9, 2015
 
Discussed are four problems and four examples of expense report fraud that can arise from poor expense reporting controls.
 
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How Will an Interest Rate Hike Affect Your Company?
September 2, 2015
 
Addressed in this article are five debt and capital questions generated by an interest rate hike, as well as recommendations on steps to take to resolve them.
 
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How to Incorporate Millennials into Your Workforce
August 26, 2015
 
Reviewed are strengths and risk factors characterizing millennials, as well as six strategies to support recruiting and retaining them.
 
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When Might Your Company Need CFO-Level Support?
August 19, 2015
 
Discussed are challenges and potential negative impacts when growth outpaces financial staff skills along with benefits of CFO-level support.
 
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How to Apply the 80/20 Rule to Your Business
August 12, 2015
 
Reviewed are objective data types and subjective factors requiring analysis in order to determine profitable customer segments.
 
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Internal Controls: Essential Periodic Testing & Maintenance
August 5, 2015
 
Discussed are challenges that can occur when internal controls are not regularly tested and six steps to maintain them.
 
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Estate Planning Strategy May Be Targeted by the IRS
July 29, 2015
 
Reviewed are potential 'discount for lack of marketability' asset valuation changes and the impact on estate planning for owners selling their businesses.
 
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Is Cybercrime a Threat to Your Business?
July 22, 2015
 
Reviewed are recent cybercrime statistics, types of cybercrime risks, and elements of a cybercrime prevention plan.
 
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How to Execute an Organizational Turnaround
July 15, 2015
 
Discussed are turnaround challenges, risks of the wrong approach, how a CFO services provider can help, and accompanying benefits.
 
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Management Accounting & Improving Strategic Decision Making
July 8, 2015
 
Reviewed are the AICPA/CIMA management accounting report, its four principles, and positive outcomes from applying them.
 
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Trust, But Verify Your Processes & Procedures
July 1, 2015
 
Reviewed are examples of financial processes and the potential negative impacts when employees circumvent established procedures.
 
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How to Choose the Proper Pricing Strategy
June 24, 2015
 
Five pricing strategy guidelines are grounded in your business' economics, your differentiators, customer motivation, discount duration, and projecting costs in advance.
 
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How to Maximize Your Impact as a Nonprofit Board Member
June 17, 2015
 
Reviewed are specific ways professionals can apply their expertise to address issues and find solutions to help their nonprofits realize their visions.
 
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The Value of Obtaining a Second Opinion
June 10, 2015
 
Critical for businesses of any size, second opinions are warranted for both day-to-day financial and operational areas and mid- to long-term strategic areas.
 
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Why Enterprise Risk Management Is Critical for Small & Mid-Sized Businesses
June 3, 2015
 
The discussion includes an ERM definition, reasons why is is so important, variables requiring measurement, and ERM benefits.
 
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The Importance of Choosing the Right ERP Software
May 27, 2015
 
A number of negative impacts occur when incorrect ERP software is selected, and the discussion also reviews benefits arising from choosing the correct solution for your company.
 
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The Importance of Proper Financial & Operational Infrastructure
May 20, 2015
 
Discussed are eight negative outcomes of missing financial and operational infrastructure, ten ways a CFO services provider can help, and five benefits of sound infrastructure.
 
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What's Your "Next Big Thing" - and Will It Succeed?
May 13, 2015
 
Reviewed are the importance of thinking differently and four key questions to ask during your "next big thing" due diligence and development processes.
 
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The Art of Giving - and How It Benefits Your Business
May 6, 2015
 
Discussed are more ways to give beyond making referrals: ask yourself how you can help a business owner solve problems, share advice if appropriate, and get involved with charities.
 
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How to Stay Competitive in Today's Fast-Changing World
April 29, 2015
 
Reviewed are five advanced strategies being applied by nimble companies and four ways a CFO services provider can help companies adapt to stay competitive.
 
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The Importance of Linking Your Financial and Operational Strategy
April 22, 2015
 
Reviewed are negative outcomes when goals are not the same and benefits of working with a CFO services provider to sync strategies and plans.
 
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How Your Clients Can Say "Goodbye" to Bad Client Relationships
April 15, 2015
 
The discussion looks at downsides of unproductive relationships, benefits of parting ways, suggestions on separating, and recommendations for avoiding recurrences.
 
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The Benefits of Electronic Document Storage
April 8, 2015
 
Reviewed are document storage challenges, solution options, and the significant advantages of implementing an electronic document storage solution.
 
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Six Tips for Communicating with Non-Financial Executives
April 1, 2015
 
Six recommendations address areas of visual data presentation, openness to learning, passion, people skills, marketing skills, and time management skills.
 
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Preventing Fraud: 12 Recommendations for People, Processes & Technology
March 25, 2015
 
Reviewed are twelve concrete recommendations to prevent fraud - four each in the areas of people, processes and technology.
 
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Choosing the Right Capital Structure for Your Business
March 18, 2015
 
Reviewed are three main capital structure or capital acquisition strategies - debt, equity and retained earnings - along with some pros and cons of each one.
 
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The Benefits of Moving to Automated Expense Management
March 11, 2015
 
Discussed are survey findings on expense management pain points, as well as four concrete benefits of moving to automated expense management and reporting.
 
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The Importance of Establishing an Email Retention Policy
March 4, 2015
 
Areas reviewed include regulatory requirements related to taxes, liability, and privacy; segmentation by type of correspondence; and alignment with broader document retention policies.
 
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Four Cornerstones of Business Success: 4. Culture
February 25, 2015
 
The article discusses the four main type of corporate culture: hierarchy culture, market culture, clan culture, and adhocracy culture (also referred to as entrepreneurial culture).
 
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Should You Use CapEx or OpEx for IT Investments?
February 18, 2015
 
Reviewed are seven benefits that can accompany a move to an OpEx model, as well as five potential operating expense challenges.
 
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Four Cornerstones of Business Success: 3. Values
February 11, 2015
 
In this next series article, the discussion includes five questions to ask when defining company values, as well as a number of recommendations on the process of drafting a values statement.
 
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How to Determine if a Company is Profitable or Not
February 4, 2015
 
Discussed are four primary causes of inaccurate profitability calculations along with four ways a CFO services provider can help improve both calculations and outcomes.
 
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Four Cornerstones of Business Success: 2. Vision
January 28, 2015
 
Continuing with the "Four Cornerstones" series, this article looks at differences between vision and mission, an example of a successful corporation's long-term vision, and questions for when you think about your short-, medium-, and long-term visions.
 
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Four Cornerstones of Business Success: 1. Mission
January 21, 2015
 
Reviewed in this next "Four Cornerstones" series article is the first cornerstone - corporate mission - with looks at what missions are and are not, as well as a successful mission statement example and questions to ask when creating a mission statement.
 
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Why Accrual Accounting Is Preferable to Cash Accounting
January 14, 2015
 
Reviewed are primary differences between cash accounting and accrual accounting, as well as significant advantages of using accrual accounting.
 
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Four Cornerstones of Business Success: Introduction
January 7, 2015
 
In this introduction to a series of articles, the four cornerstones are identified and defined: corporate mission, long-term vision, company values, and corporate culture.
 
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What is Your Professional Services Referral Style?
December 31, 2014
 
Discussed are two types of referrals, ways to determine how to make the right referral, and distinctions between facilitating referrals vs. serving as a referral gatekeeper.
 
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How Small Businesses Can Use Big Data
December 24, 2014
 
Reviewed are a definition of big data, examples of how big data can be leveraged by small businesses, and keys to success with big data.
 
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Why Cash Flow Management is Critical for Small Businesses
December 17, 2014
 
Identified are six specific problems caused by inadequate cash flow, as well as six ways that a company can benefit from working with an outsourced CFO to improve cash flow.
 
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How to Maintain a Healthy Work-Life Balance
December 10, 2014
 
Reviewed are three potentially serious consequences when work-life balance is out of whack, as well as three specific recommendations to help firm up boundaries between work and personal lives.
 
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Generating Referrals: Three Ways to Help Referral Sources Remember You
December 3, 2014
 
Recommended are three ways to stay memorable and top-of-mind with referral sources. Areas discussed include interaction style, conversational contributions, and distinctive presentation.
 
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Why You Need to Review a Complete Set of Financial Statements
November 26, 2014
 
Reviewed are five reasons why it is critical to closely review financial statements, as well as five positive outcomes of working with a provider of outsourced CFO services to understand and leverage monthly financial information.
 
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How to Find the Best Outsourced Service Provider for Your Needs
November 19, 2014
 
Discussed are seven potential impacts of making the wrong hire and eight recommended steps to take to find the right one.
 
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Company Size Thresholds Impact Hiring a Full-Time CFO & An Alternative
November 12, 2014
 
Discussed are the factors that should be taken into consideration when deliberating whether to hire either a full-time CFO or a full-time controller. Also reviewed is an alternative: bringing in an outsourced CFO services provider.
 
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Five Ways to Turn the Finance Department Into a Transformation Agent
November 5, 2014
 
Reviewed in this article are five different types of employee skills, how they currently appear and should appear in the finance department, and five recommendations to increase the number of finance employees with needed abilities.
 
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What a CFO Brings to a Startup Company
October 29, 2014
 
This article looks at multiple negative repercussions of not having a designated CFO and suggests leaders of startups bring in an outsourced CFO services provider. Also reviewed are five concrete benefits of this approach.
 
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How to Build a Winning Business Plan
October 22, 2014
 
Identified in this article are seven elements that should be included in every solid business plan.
 
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Growth Strategies: How Should You Finance New Equipment?
October 15, 2014
 
This article looks at the three primary options, factors to consider, and the best-practice method for determining the right option: performing a detailed buy/lease analysis.
 
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Now is the Time for Year-End Business Planning
October 8, 2014
 
Reviewed are ten areas on which to focus strategic planning efforts. Included are recommendations related to actions you can take now to support a strong 2014 finish, accounting closings, tax planning, cash positions vs. cash needs, goals, and more.
 
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The Role of Forensic Accounting in a Divorce
October 1, 2014
 
This article describes areas requiring attention along with services a forensic accountant delivers in a divorce scenario.
 
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What's the Right HR Management Model for Your Business?
September 24, 2014
 
Reviewed are potential negative impacts of poor HR management along with four HR management models including handling HR internally, using outside resources, contracting with an outsourced HR services provider, and engaging a Professional Employer Organization (PEO).
 
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How to Improve Resource Management & Allocation
September 17, 2014
 
Reviewed are three areas on which to focus: capital and financial resources; system resources; and human resources.
 
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How to Retain Your Accounting Staff in an Improving Economy
September 10, 2014
 
Reviewed are five proactive steps to take to retain your accounting staff. Areas addressed include cross-training, skill set growth opportunities, career path opportunities, gauging discontentment, and pay scales.
 
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The Art of Referring: Introducing Qualified Professional Advisors
September 3, 2014
 
This article poses five questions to ask in the process of vetting advisors when considering a referral. Areas addressed include types and depth of experience, integrity, and the fit or match of personalities.
 
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How to Maximize the Value of Your Finance & Accounting Department
August 27, 2014
 
Identified and discussed are steps to take that include setting overall expectations, staffing appropriately, identifying reporting needs, and defining the department's communication role.
 
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Why Forensic Accounting Should Be Part of M&A Due Diligence
August 20, 2014
 
Reviewed are eight ways a forensic accountant delivers due diligence value and six specific benefits of engaging one.
 
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10,000 Boomers a Day Hit 65: What This Means for Exit Planning
August 13, 2014
 
Discussed are ten critical factors that should be taken into consideration when planning a business exit. Areas addressed include business objectives in the years leading up to the sale, types of buyers, post-sale personal strategy, financial statements, and more.
 
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Three Benefits of Working Virtually with a CFO Services Provider
August 6, 2014
 
This article looks at virtual working and three primary benefits in areas of efficiency, financial file access, and physical space utilization. Also reviewed are examples of virtual technology tools that support working remotely.
 
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Prevent & Detect Fraud Before It's Too Late
July 30, 2014
 
Discussed are the challenges businesses face in detecting and preventing fraud, examples of how the fraud's costs ripple out to impact other areas, and suggestions for fraud prevention and detection.
 
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Four Steps for Improving Your A/R Collections Efforts
July 23, 2014
 
This article recommends implementation of four strategies to improve collection efforts. Areas addressed include term negotiation, term enforcement, payment plans, and bank cash management services.
 
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Value: How to Project & Measure ROI in an Outsourcing Engagement
July 16, 2014
 
Described are the required steps beginning with receipt of a price quote from a provider and including recommendations such as conducting a cost-benefit analysis that will quantify projected gains in areas like efficiencies, cost control, overhead, and staffing.
 
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Maintaining Privilege in a Forensic Accounting Engagement
July 9, 2014
 
Discussed are five criteria that - when met - position a forensic accountant as an extension of a law firm, as well as characteristics that differentiate a testifying expert from a consulting expert and how privilege is impacted with both.
 
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Improving Communication with Your Finance & Accounting Department
July 2, 2014
 
This article identifies four prevalent complaints in the relationship and illustrates them with a frequently-observed scenario. Also discussed are six benefits generated by improved communication and understanding.
 
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SBA Loans Can Be Great Tools
June 25, 2014
 
Reviewed in this article are how SBA loans work, differences between conventional and SBA loans, and descriptions of SBA 7(a) and 504 programs.
 
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Is Your Business Software System Helping - or Hindering - Your Company's Growth?
June 18, 2014
 
Identified are five specific challenges of outdated business software systems. Additionally, the challenges are tied to ways they can hinder efficiencies and competitive advantage.
 
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How Can Compliance Add to the Bottom Line?
June 11, 2014
 
This article reviews findings of the recent CFO Research/ADP compliance survey, discusses tangible benefits of effective compliance programs, and identifies key takeaways.
 
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The Importance of Managing Your Cash Conversion Cycle
June 4, 2014
 
Discussed are the five primary stages that determine the length of your current cash flow cycle, the cash flow cycle calculation, and four critical actions to take to more quickly convert cash paid out to receivables collected.
 
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Driving Profitable Growth: How to Set Prices Throughout the Product Life Cycle
May 28, 2014
 
The third in a three-part series on profitability, this article reviews how a customer and product profitability (CPP) analysis and its data on revenue drivers should be leveraged and applied to periodic pricing re-evaluations throughout product life cycles.
 
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What's the Difference Between Financial Accounting & Forensic Accounting?
May 21, 2014
 
Reviewed are elements that differentiate forensic accounting from financial accounting including how a forensic investigation leverages and departs from GAAP, FASB, and PCAOB standards and statements.
 
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How An Outsourced Financial Professional Can Help Your Clients (and You)
May 14, 2014
 
Discussed are the importance of full integration of outsourced resources, examples of potential negative impacts when integration is missing, and how an outsourced financial professional can address cross-functional impacts to improve integration and control costs.
 
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Don't Launch a New Business Venture Without a Trial Run
May 7, 2014
 
This article advocates testing a new business idea on a smaller scale to gain needed intelligence. Included are three inexpensive ways of testing the idea, as well as seven steps that are part of moving forward with a proven idea.
 
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Eight Reasons to Turn to an Outsourced Professional
April 30, 2014
 
Reviewed are eight scenarios that can signal it's time to bring in an outsourced professional. Among the areas discussed are staff or customer dissatisfaction, owner or chief executive workstyle, and lagging performance.
 
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How Will Government Regulations Affect Your Business This Year?
April 23, 2014
 
This article reviews seven regulatory areas - the Affordable Care Act, immigration and E-verify, the Defense of Marriage Act (DOMA), employment regulations, banking relationships, IRS enforcement, and qualified retirement plans - with updates on required actions and legislation status.
 
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How to Help Your Clients Vet New Clients of Their Own
April 16, 2014
 
Identified in this article are five questions that should be answered positively in the vetting process, as well as four potential negative impacts when vetting isn't done correctly.
 
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Will Your Sales Coverage Model Help Drive Profitable Growth?
April 9, 2014
 
The second in a three-part series on profitability, this article looks at profitable sales models by reviewing six models, posing four coverage questions, and discussing four pitfalls to avoid when setting up sales coverage models.
 
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Overcome the Hurdles and Get the Business Loan You Deserve
April 2, 2014
 
This article looks at four specific areas in which business leaders need to be skilled and have their financial houses in order so that they can increase the likelihood of obtaining a business loan.
 
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Not-For-Profits: Delivering Maximum Value by Striving for Financial and Operational Excellence
March 26, 2014
 
Reviewed are the advantages of hiring a part-time CFO and six services a resource of this nature can provide specifically to not-for-profits.
 
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The CFO's Strategic Role in Helping Lead Growth Initiatives
March 19, 2014
 
Reviewed are the more active roles required of CFOs and senior finance executives to make the strategic changes that must occur to successfully leverage growth opportunities.
 
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Should You Revisit Your Forecast as the End of the Quarter Approaches?
March 12, 2014
 
Reviewed are limitations of traditional budgeting along with a better budgeting approach: beyond budgeting with rolling quarterly forecasts.
 
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Selling Your Business: Strategic Factors and Types of Buyers
March 5, 2014
 
This article encourages an honest assessment of why you're considering selling your business by asking five pertinent questions. Also discussed are the professional roles that should be represented on your selling team, as well as the four types of buyers and their characteristics.
 
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How the Variable Interest Entity Proposal Could Benefit Businesses
February 26, 2014
 
This article reviews a recent PCC VIE proposal along with two other private company exemptions and two additional proposals under consideration.
 
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How to Drive Profitable Business Growth
February 19, 2014
 
The first in a three-part series on profitability, this article reviews the why's and how's of a customer and product profitability (CPP) analysis along with steps that can be taken to drive greater profitability.
 
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The Latest Efforts to Simplify Accounting for Small, Privately Held Companies
February 12, 2014
 
Reviewed are the Big GAAP vs. Little GAAP context and recent proposals put forth by the PCC and AICPA to help small and mid-sized businesses achieve more simplified and less costly ways of accounting and reporting.
 
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Myth Buster: Do You Really Need a Full-Time CFO?
February 5, 2014
 
This article looks at the different capacities in which an outsourced CFO can deliver services along with how engaging one part-time can provide the benefits of a full-time CFO without the annual salary, benefits and overhead that accompany a full-time position.
 
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Six Ways to Leverage the Improving Economy
January 29, 2014
 
This article first challenges leaders to ask themselves a straightforward question: "What are we going to do differently this year?" This is followed with six suggestions on ways they can do things differently to leverage the improving economy.
 
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Three Keys to Generating More Referrals
January 22, 2014
 
This article explores three elements - know, like and trust - with examples and a few questions for reflection on how to apply them to improve results in your referral marketing program.
 
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Six Tips for Allocating Startup and Seed Capital
January 15, 2014
 
Presented are six suggestions to help leaders of startups make smart decisions around capital allocation.
 
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Seven Ways to Maximize Value - and Price - When Selling Your Business
January 8, 2014
 
Identified and discussed are seven "value drivers" or areas owners can and should focus on in the months and years leading up to the sale of their businesses.
 
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The Importance of a Holistic View of Financial Challenges
December 31, 2013
 
Reviewed are six scenarios by which linked factors can impact a named project - as well as six traits to seek in a CFO services provider to assure a holistic view is being applied to financial challenges.
 
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When Here Today, Gone Tomorrow Is a Great Business Decision
December 26, 2013
 
This article reviews four benefits of having outsourcing here today along with four benefits of having it gone tomorrow.
 
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IRS Releases Final Repair Regulations for Property Expenditures
December 18, 2013
 
Reviewed are the new IRS TD 9636 repair regs with looks at how to distinguish between expensed vs. capitalized and improved vs. repaired property.
 
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Referring Clients to a Financial Consulting Professional: Ten Traits to Look For
December 11, 2013
 
This article discusses ten traits to look for in a financial consulting services firm including expertise, specialization, innovation, availability, communication and documentation.
 
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Six Ways to Ensure a Good Fit With an Outsourced CFO
November 20, 2013
 
To maximize ROI in an outsourced CFO engagement, address in advance challenges in six areas - team capabilities, CFO integration, collaboration, interpersonal fit, knowledge transfer, and target outcomes.
 
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Brief: Year-End Strategic Planning & Forecasting
November 14, 2013
 
This complimentary brief presents a compelling business case for implementing a new budgeting approach with quarterly rolling forecasts. This strategy has been shown to deliver greater budgeting flexibility and credibility.
 
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Managing Fraud, Interest Rate & Investment Risks
November 13, 2013
 
For each of these three areas, this article looks at vulnerabilities, challenges in addressing them, and recommendations for reducing and better managing the risks.
 
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What To Do When Your Clients Are Navigating Rough Waters
November 6, 2013
 
This article looks at strategic cost cutting with an eye to causing less long-term damage on the road back to profitability. Discussed are considerations and recommendations in areas such as operational efficiency, overhead, supplier relationships, and marketing.
 
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Who Is On Your Outsourcing Dream Team?
October 30, 2013
 
Identified are the four compelling reasons why executives already outsource many functions every day of the year. Also reviewed are likely current members of their outsourcing professional services dream team - and why it makes sense to consider adding a provider of outsourced CFO services.
 
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The Five Key Steps to Buying a Business
October 23, 2013
 
Reviewed are the five key steps in the M&A process: preparation, the search for acquisition candidates, due diligence, valuation, and structuring the offer.
 
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Historical Financial Reporting vs. Future Financial Reporting
October 16, 2013
 
This article looks at examples of both historical and future financial reporting. Also reviewed are differentiators, as well as the rationale for and benefits of implementing future reporting.
 
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The CFO's Secret Weapon: An Outsourced CFO
October 9, 2013
 
Posed are five questions to help determine if an outsourced CFO can be an asset. Also reviewed are three broad areas in which an outsourced CFO can deliver valuable support.
 
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Acquisition Strategies: Integrating the Finance & Accounting Operations
October 2, 2013
 
Discussed are challenges in post-acquisition and post-merger integration of finance and accounting functions. Also reviewed are three stages of finance and accounting integration identified by Accenture.
 
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The Importance of Budgeting-to-Plan - Instead of Planning-to-Budget
September 25, 2013
 
Reviewed is the way businesses sometimes move forward without grounding initiatives in a budgeting-to-plan approach. Discussed are advantages and five questions to ask to ensure initiatives are based on realistic budget and income forecasts.
 
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Who is the Best Resource for Audit Preparation?
September 18, 2013
 
This article discusses the pros and cons of the various types of resources that can be called upon for audit preparation. Included are looks at bandwidth, costs and experience levels of resources - both when a company has its own resources do audit preparation and when audit firm personnel are called in for audit preparation.
 
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What is Benchmarking - and Why Is It Important?
September 11, 2013
 
This article identifies the many advantages of benchmarking including how taking numbers out of isolation and comparing them to industry patterns identifies prioritized areas for improvement. Also included are initial steps to take to implement benchmarking, as well as sources for specific industry benchmarking statistics.
 
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How to Encourage Your Clients to Move Forward With an Engagement
September 4, 2013
 
This article discusses how executives sometimes view solutions to address the gap between their current financial challenges and their desired financial results. Reviewed are suggestions on how to reframe deliberations so that an engagement that initially appears to be a high immediate "cost" can also be viewed as an investment generating ROI over a defined period of time.
 
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Six Ways to Assure Value When You Outsource Services
August 28, 2013
 
This article recommends six steps to implement that include clear definitions of goals and solutions, as well as project management methods.
 
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Two Types of Alternative Financing to Help Bridge Cash Flow Gaps
August 21, 2013
 
This article looks at alternative financing solutions like asset-based loans (ABL) that are secured by the business' equipment, machinery, inventory or accounts receivable. Discussed are the two broad categories of asset-based loans - full-service factoring and accounts receivable financing - along with how they work, their strengths and their limitations.
 
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How to Help Your Startup Clients Meet Five Pressing Challenges
August 14, 2013
 
Reviewed are five of the most pressing challenges faced by leaders at new business ventures. Areas addressed include a strategic view of finances, financial leadership, financial expertise, funding presentations, and getting the most bang from the payroll budget.
 
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CFO Services Providers and CPAs: How They Differ
August 7, 2013
 
This article looks at differences between CFO services providers and CPAs, a significant factor when executives seek outside expertise to improve financial and operational performance in the future.
 
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Is Cloud Computing Right For Your Business?
July 31, 2013
 
Reviewed are three broad categories of cloud computing - Software as a Service (or SaaS); Platform as a Service (or PaaS); and Infrastructure as a Service (or IaaS) - as well as the benefits and concerns that executives should weigh in deliberating cloud-based solutions.
 
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What To Do When the Numbers Don't Make Sense
July 24, 2013
 
Reviewed are ways that inaccurate or inconsistent statement data can inhibit financial initiatives, root causes of these problems, and options for resolving them.
 
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Outsourcing Benefits: Seven Ways They Help Grow Small Companies
July 17, 2013
 
Reviewed are outsourcing benefits that can occur in areas like efficiencies, core competencies, staffing flexibility, project ramp-up times, and the competitive playing field.
 
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How Outsourced CFO Services Can Help Your Business Do Better Than "Fine"
July 10, 2013
 
This article draws a comparison between Newton's Law of Inertia and the way executives sometimes settle for the way things are today. Discussed are several reasons why a stance based on challenging the status quo can deliver both incremental and exponential benefits.
 
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First Things First: The ABCs of Core Financial Operations
July 3, 2013
 
Discussed are the key elements at the heart of financial operations and precursors to advanced financial initiatives: the accounting system, the books and the chart of accounts.
 
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Five Questions to Ask to Help Ensure the Right Financial Consultant Referral
June 26, 2013
 
This article identifies five questions to ask any firm or individual that claims to offer outsourced financial consulting or CFO services. The discussion includes areas of experience, business connections, resource backup, and tools and processes.
 
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Can You Afford to Outsource? Four Questions to Ask
June 19, 2013
 
This article looks at outsourcing in a different light - both by examining outsourcing from efficiency and cost-effectiveness perspectives, and by posing four critical questions to ask.
 
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Outsourced CFO Services: By Any Other Name
June 12, 2013
 
This article describes five key criteria and capabilities to look for when considering an outsourced CFO services firm.
 
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Four Approaches to Business Valuation
June 5, 2013
 
This article reviews the four main standards of value that are used in most business valuations, as well as the three primary business valuation approaches.
 
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Executive Accountability: Three Areas to Monitor
May 29, 2013
 
Reviewed are three areas where leaders should strive to hold themselves accountable: leadership, delegation and communication. Also discussed is the implementation of an executive accountability scorecard.
 
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Five Things to Consider When Creating Employee Bonus Plans
May 22, 2013
 
Reviewed are questions, their answers and recommendations that help strategically optimize employee bonus plans.
 
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Customer Loyalty: Five Ways To Make It Stronger
May 15, 2013
 
This article first reviews the three core elements of customer loyalty: customer relationships, customer retention, and customer referrals. The article then recommends five areas in which innovative initiatives have significantly enhanced customer relationships and driven greater customer loyalty: customer service, customer loyalty programs, customer complaints, customer expectations, and customer "touches."
 
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CFO Services: Benefits for Clients of Attorneys, Bankers & Capital Firms
May 8, 2013
 
This article reviews specific ways a CFO services provider can help clients of professional services firms prepare a financial presentation. Also discussed are eleven additional examples of areas where a part-time CFO or a project-based CFO can help professional service firm clients improve financial and operational outcomes.
 
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Seven Ways a First Full-Time CFO Could Help Your Business
May 1, 2013
 
Beginning with a look at the differences between a CFO and a Controller, this article discusses seven specific areas where a CFO can provide strategic assistance that drives improved performance and profitability.
 
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Five Reasons to Take a Closer Look at SBA Loans
April 24, 2013
 
This article looks at enhancements to the most popular SBA loan programs - including the SBA 504 program - generated by the Small Business Jobs and Credit Act. Reviewed are specific areas that illustrate broadened eligibility and process streamlining. Also identified are the elements that should be included in an SBA loan application.
 
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Wholesaler & Manufacturer Challenges: Pricing & Credit Management (Part 4)
April 17, 2013
 
Reviewed are four top pricing and four top credit management issues, as well as recommended ways to address them to improve sales, cash flow and profitability.
 
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Wholesaler & Manufacturer Challenges: Inventory Processes, Supply Chain Relationships & Distribution Networks (Part 3)
April 10, 2013
 
Reviewed are three areas where unresolved challenges can erode margins and profitability. The discussion includes suggested areas where an outsourced CFO services firm can help improve financial and operational outcomes.
 
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How to Prepare a Business Loan Presentation
April 3, 2013
 
Reviewed are the key elements of a successful business loan presentation: loan objectives, five important questions your presentation should answer, the financial documents to include, and recommendations on the presentation process.
 
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Wholesaler & Manufacturer Challenges: Strategic Cost Containment (Part 2)
March 27, 2013
 
Discussed are three primary cost areas in which wholesalers and manufacturers face significant challenges: shipping, chargebacks, and commissions.
 
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Wholesaler & Manufacturer Challenges: Cash, Credit & Capital (Part 1)
March 20, 2013
 
Reviewed are key wholesaler and manufacturer challenges, their causes and recommended solutions in the areas of cash flow, cash management, reporting, lines of credit and working capital.
 
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The Importance of Disaster Recovery Planning
March 13, 2013
 
Reviewed in this article are the two main components of a business disaster recovery plan, the four categories of business risk, and the critical role played by your internal disaster recovery team.
 
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Risk Management: Focus on These Three Areas
March 6, 2013
 
This article reviews three primary types of business risk - interest rate risk, investing risk, and embezzlement and online fraud - and makes suggestions for how to manage them.
 
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The Importance of Business Budgeting
February 27, 2013
 
Reviewed are the elements of business budgeting: sales forecast, cash flow forecast, fixed expenses, variable expenses, capital expenditures (CAPEX), as well as the primary benefits gained implementing business budgets.
 
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How to Boost Your Business' Cash Flow
February 20, 2013
 
Discussed in this article are six strategies to keep cash flow strong. Included are looks at the cash flow cycle, the A/R aging report, operating costs, banking services, inventory management, and leasing rather than purchasing.
 
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SALT: What You Should Know About State and Local Tax Payments
February 13, 2013
 
This article discusses state and local taxes (SALT) in the context of nexus around income tax and the business activities that could trigger it. Also reviewed is nexus around sales and payroll taxes and, again, the business activities that bring it into play in a given state.
 
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Measuring the Success of an Outsourced CFO
February 6, 2013
 
In support of gauging an outsourced CFO's success, this article looks at some quantitative and qualitative ways to measure performance. The article suggests first focusing on comparing outcomes to goals established at the beginning of the engagement - and then recommends five potential outcomes along with concise questions to apply in the evaluation process.
 
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How Do You Measure a CFO's Success?
January 30, 2013
 
This article looks at areas that most frequently include an internal CFO's participation, as well as a number of the quantitative and qualitative factors that should be included in evaluating a CFO's success.
 
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The Benefits of Offering Employees a Retirement Plan
January 23, 2013
 
Reviewed are four popular retirement plan options - Simplified Employee Pension Plan (SEP), SIMPLE IRA, SIMPLE 401(k) and Roth 401(k). The article discusses areas like contributing parties, contribution limits, and catch-up provisions. Also included are comments on a company's fiduciary responsibility related to retirement plans.
 
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The Lowdown on The Fiscal Cliff Legislation
January 16, 2013
 
This article reviews the pros and cons of the New Year's day tax code changes along with potential impact. Also addressed are five business extenders: the R&D tax credit, Section 179 expensing, bonus depreciation, energy tax credits, and the work opportunity tax credit.
 
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Begin Preparing Now For the Affordable Care Act
January 9, 2013
 
This article looks at decisions that need to be made and strategies for approaching them related to the Patient Protection and Affordable Care Act. Included are looks are the Employer Mandate, FTE scenarios, potential penalties, and how the law defines "affordable."
 
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The Business Case for Strengthening Employee Retention
January 2, 2013
 
This article suggests four steps that are helpful in creating and sustaining an employee-centric culture, one that attracts the best employees and makes them want to stay.
 
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Managing and Financing Business Growth
December 26, 2012
 
This article looks at the pros and cons of two types of outside financing: debt and equity. Also reviewed are three critical evaluation criteria bankers use to make lending decisions.
 
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The Importance of Strategic Planning
December 19, 2012
 
This article addresses the importance of strategic planning by first looking at benefits in the areas of a proactive stance, goal alignment, resource allocation and opportunities. Also addressed are the nuts and bolts of strategic planning with recommendations in the areas of human resources, competition, your unique selling proposition, operations and growth and financing.
 
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Succession Planning: Is an ESOP the Right Tool for Your Business?
December 12, 2012
 
This article looks at how ESOP companies have recently outperformed non-ESOP private companies in revenue and wage growth; how they work; their benefits; the primary key to their success; and preparatory questions that are part of early planning.
 
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The Importance of Business Succession Planning
December 5, 2012
 
This article differentiates between two broad categories - ownership succession and management succession - and identifies related factors. The article also poses five probing questions related to your goals, liquidity needs, management team, potential buyers and post-sale role.
 
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Mergers & Acquisitions: Due Diligence & Your Advisory Team
November 27, 2012
 
Discussed are six key areas to focus on in the merger and acquisition due diligence process along with important considerations when looking at four key roles on your advisory team.
 
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Should You Consider Growth Through Acquisition?
November 21, 2012
 
In this article, we take a close look at the potential advantages of merging with or acquiring another company, as well as a few potential drawbacks.
 
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Managing Your Business in the New Normal
November 14, 2012
 
This article looks at strategies for addressing a new normal of slower economic growth, approaches that generally focus on improving the bottom line and top line of your business. Included are three guidelines for cutting expenses and four for growing revenue.
 
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Are Health Savings Accounts Right For You and Your Employees?
November 7, 2012
 
This article looks at consumer-driven healthcare options like Health Savings Accounts as a way for employers and employees to better manage costs and potentially gain tax benefits.
 
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Going Public: Making the Decision
October 31, 2012
 
This article poses and discusses six key questions that should be considered in making the decision to go public or not. Areas addressed include financial performance, future growth, the management team, market positioning, industry trending and annual revenue. Also addressed is the composition of your IPO team.
 
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Using Debt to Replace Equity Capital in Improving Company Finances
October 24, 2012
 
This article looks at how debt can be used to replace equity capital. The discussion includes options for finding an appropriate form of debt, considerations for negotiating new debt, and suggestions for managing debt successfully.
 
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The Pros and Cons of Going Public
October 17, 2012
 
Reviewed are six benefits of IPOs along with three potential drawbacks. Addressed are areas such as financial rewards, growth capital, capital markets, employee retention, liquidity, costs, control and pressure to meet investor expectations.
 
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Meeting Common Family Business Challenges
October 10, 2012
 
Reviewed are nine practical suggestions to help strike the right balance in your family and company. Included are ideas about communication, favoritism, the roles children of the owners, a board of advisors and motivation of non-family employees.
 
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The Role of Internal Controls in Fraud Prevention
October 3, 2012
 
This article discusses fraud prevention with reviews of five of the most common types of employee fraud and six internal control measures that can be implemented to reduce exposure to fraud risk.
 
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How to Guard Against Fraud and Embezzlement
September 26, 2012
 
This article looks at employee fraud and embezzlement with discussions of the three elements of the fraud triangle and steps to take to ensure proper management oversight.
 
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What You Should Know About Equity Financing
September 19, 2012
 
This article looks at equity financing with reviews of when to consider it, as well as the types of equity investments.
 
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The Primary Types of Business Loans
September 12, 2012
 
This article reviews business loans with discussions of defining the reason for the loan and the five primary types of business loans including SBA loan programs.
 
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Guidelines For Investing Excess Business Cash
September 5, 2012
 
This article reviews excess cash with discussions of objectives for managing it, criteria for determining whether it actually is excess cash, and four options for investing it.
 
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How to Properly Classify Your Workers
August 29, 2012
 
This article looks at the two primary categories of worker classification, as well as three evidence categories and the 20 factors used by the IRS to determine proper employee status.
 
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What's the Difference Between Profits and Cash Flow?
August 22, 2012
 
This article clearly illustrates the critical importance of both elements by introducing the example of an initially successful company that focused on only one, much to its own detriment.
 
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Accelerate Collection of Your Accounts Receivable
August 15, 2012
 
This article describes how a comprehensive collections strategy is a company-wide effort and makes recommendations in six areas to accelerate collection of receivables.
 
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Understanding Your Cash Flow Cycle
August 8, 2012
 
Beginning with a look at the movement of cash through a typical cash flow cycle, this article also reviews ways of shortening the cycle by accelerating collections of receivables and stretching out disbursement of payables.
 
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Leveraging CFO Expertise
August 1, 2012
 
This article looks at ways that CFO expertise can be leveraged into other areas like corporate governance and planning; human resources; and information technology.
 
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Options for Financing Capital Expenditures
July 25, 2012
 
This article reviews three primary CAPEX financing methods (internal financing, external financing via a bank loan, and external financing via an equipment lease) along with benefits and limitations of each.
 
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Adapting to a Changing Regulatory Burden
July 18, 2012
 
This article looks at the changing regulatory burden by reviewing and offering recommendations in three areas.
 
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The Importance of Strategic CAPEX Planning
July 11, 2012
 
This article reviews strategic capital expenditures (CAPEX) planning and discusses four primary benefits derived from the approach.
 
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Financial Ratio Analysis: Spot and Correct Financial Problems Early
July 4, 2012
 
This article reviews six key financial ratios, their formulas, and frequently targeted benchmarks.
 
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The Importance of Strategic Cost Cutting
June 27, 2012
 
Reviewed are strategic cost-cutting initiatives with ideas and suggested approaches in six areas.
 
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Case Studies: Successful Outsourced CFO Services Engagements
Article 9 of 9 in the series
June 20, 2012
 
The nine-part series on outsourced CFO series concludes with a review of three specific engagements focusing on acquisition accounting, audit preparation and restatements.
 
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What Outcomes Should You Expect From a CFO Services Engagement?
Article 8 of 9 in the series
June 13, 2012
 
Reviewed are nine potential positive outcomes that may be expected from an engagement with an outsourced CFO services firm.
 
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The Working Relationship with a CFO Services Firm
Article 7 of 9 in the series
June 6, 2012
 
Reviewed are the elements of a successful working relationship between a hiring company and an outsourced CFO services firm. The discussion includes seven questions and responses for consideration.
 
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Addressing Common Objections to Engaging a CFO Services Firm
Article 6 of 9 in the series
May 30, 2012
 
This article looks at three concerns executives share with us about outsourced engagements along with our responses.
 
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Outsourced CFO Services: Identifying Shared Objectives
Article 5 of 9 in the series
May 23, 2012
 
This article looks at how a company and outsourced CFO services firm can identify shared objectives by reviewing six areas around which engagements are framed.
 
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What To Look for In a CFO Services Firm
Article 4 of 9 in the series
May 16, 2012
 
This CFO Edge article identifies financial strategy and financial operations capabilities desired in an outsourced CFO services firm.
 
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The Business Case for Engaging an Outsourced CFO Services Firm
Article 3 of 9 in the series
May 9, 2012
 
This article looks at the business case for outsourced CFO services by exploring the answers to four critical questions.
 
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When Do Outsourced CFO Services Make Sense?
Article 2 of 9 in the series
May 2, 2012
 
This article looks at outsourced CFO services with a discussion of the business factors that drive consideration.
 
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Outsourced CFO Services: What Do They Include?
Article 1 of 9 in the series
April 25, 2012
 
This article looks at outsourced CFO services with reviews of five common scenarios and the ways by which services can be delivered.
 
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Wealth Preservation: Protecting Your Assets in Today's Economy
April 18, 2012
 
This CFO Edge article looks at wealth preservation through discussions of the action plan; assets and earnings; lifestyle and expenses; inflation and taxes; and Monte Carlo analysis.
 
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Forensic Accounting and Litigation Support
April 11, 2012
 
This article looks at forensic accounting and litigation support with discussions of what they are; scenarios where they come into play; discovery proceedings; accounting data analysis; fraud; legal and contractual disputes; settlement discussions, financial evidence, and issues to consider when hiring a forensic accountant.
 
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Accounting System Design: Creating the Right System for Your Company
April 4, 2012
 
This CFO Edge article looks at accounting system design with a discussion of management input; desired information and output format; chart of accounts; structure, flexibility and simplicity; and accounting software, process integration and customization.
 
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Competitive Employee Benefits Packages
March 28, 2012
 
This CFO Edge article looks at employee benefits packages with discussions of how they can support competitiveness in the market, how they can be made more cost effective, and the ways companies are diversifying into upgraded compensation plans.
 
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Financial Modeling to Guarantee Financial Decision Success
March 21, 2012
 
This CFO Edge article looks at financial modeling with discussions of related challenges, tools and benefits. Also addressed is the role of cash flow forecasting.
 
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Adopting the 52-53 Week Fiscal Year
March 14, 2012
 
This CFO Edge article reviews the 52-53 week fiscal year with looks at what it is, advantages, situations where it makes sense, and steps in making the switch.
 
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Cash Flow Management During Good Times and Bad
March 7, 2012
 
This CFO Edge article reviews cash flow management by looking at best practices, challenges, risk factors, receivables and payables strategies, and forecasting.
 
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Merger and Acquisition (M&A) Integration
February 29, 2012
 
This article reviews merger and acquisition (M&A) integration processes by discussing challenges, objectives, the action plan, communications and other key elements.
 
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Using Break-Even Analysis to Determine Your Company's Financial Health
February 22, 2012
 
This article reviews the break-even analysis process with looks at fixed costs, variable costs, the margin of safety, and the contribution margin.
 
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Generally Accepted Accounting Principles: The Big GAAP vs. Little GAAP Debate
February 15, 2012
 
Reviewed is the Generally Accepted Accounting Principles (GAAP) standard with a focus on Big GAAP vs. Little GAAP developments.
 
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Performance Measurement: Understanding the Balanced Scorecard
February 8, 2012
 
Reviewed are balanced scorecards with looks at what they are, why they're important, and how they're developed. Included are illustrations of a balanced scorecard in action.
 
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Performance Measurement: Dashboards
February 1, 2012
 
This article reviews executive dashboards with looks at what they are, why they're important, and how they're developed. Included are illustrations of executive dashboards in action.
 
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Performance Measurement: Key Performance Indicators (KPIs)
January 25, 2012
 
This article reviews key performance indicators with looks at what they are, why they're important, how they're developed, and examples of KPIs in action.
 
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Performance Measurement: Understanding Critical Success Factors
January 18, 2012
 
This article reviews critical success factors, why they're important, and how they're developed.
 
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Ensuring Orderly Period-End Closing Procedures
January 11, 2012
 
This article reviews the best practices that characterize efficient and successful period-end closing procedures.
 
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Streamlining AR and AP Management Systems
January 4, 2012
 
This CFO Edge article looks at AR and AP management by reviewing both multiple process elements and accompanying benefits.
 
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The Importance of Appropriate Business Insurance Coverage
December 28, 2011
 
This CFO Edge article looks at business insurance coverage by discussing insurance types, the risk vs. cost debate, and steps in reviewing coverage.
 
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Outsourced CFO Services: Creating Opportunities for Your Business
December 21, 2011
 
This CFO Edge article looks at outsourcing CFO services by reviewing the multiple benefits and added value accompanying an outsource engagement.
 
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Preparing for an Initial Public Offering (IPO)
December 14, 2011
 
This CFO Edge article looks at preparing for an initial public offering (IPO) by reviewing multiple elements that are part of the process.
 
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Strategic Planning
December 7, 2011
 
This CFO Edge article looks at strategic planning, its importance for small and mid-sized businesses, and the elements and tools that are essential parts of the process.
 
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Staying on Top of the GAAP to IFRS Conversion
November 30, 2011
 
This CFO Edge article looks at GAAP-to-IFRS transition developments, SEC comments on condorsement, projected benefits of convergence, and recommended actions that forward-thinking companies should be taking to be prepared for the coming changes.
 
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Operational Analysis: Aligning Overall Performance with Strategic Planning
November 23, 2011
 
This CFO Edge article looks at operational analysis and how it can positively impact overall company performance.
 
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Protect Your Company Through Internal Controls
November 16, 2011
 
This CFO Edge article looks at internal controls, what they include, and how they function to improve internal financial security and reduce risks.
 
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Financial Restatements: Potential Causes and Severe Ramifications
November 9, 2011
 
This CFO Edge article looks at financial restatements, what causes them, and their impact on analysts and investors.
 
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Internal Audits and Effective Risk Management Assessment
November 2, 2011
 
This CFO Edge article looks at internal audits by describing some of the areas examined during the audit process along with characteristics and ensuing benefits of a well-executed internal audit.
 
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M&A Planning: Buy-Side Due Diligence
October 26, 2011
 
This CFO Edge article looks at M&A planning and the buy-side due diligence process that is required to maximize post-deal gains, as well as minimize transaction risks.
 
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Ensuring Payroll Tax Compliance
October 19, 2011
 
This CFO Edge article looks at payroll taxes, high-level challenges associated with them, and considerations related to payroll tax systems.
 
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Management and Business Plans
October 12, 2011
 
This CFO Edge article looks at management and business plans by reviewing eight key elements along with how plans function in regards to business definition, competitive differentiation and strategic goals.
 
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Activity-Based Costing: Improving Cost and Expense Analyses
October 5, 2011
 
Reviewed are activity-based costing, principal steps in implementation, and its significant benefits that include improved efficiencies and greater profitability.
 
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The New Family Office: Affordable Wealth Management
September 28, 2011
 
This CFO Edge article looks at several types of family offices, the benefits of engaging with them to leverage wealth management services, and how they have become more affordable for families with lower net asset value.
 
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Cutting Business Expenses Through Unconventional Methods
September 21, 2011
 
This CFO Edge article looks at expense reduction and suggests several fresh approaches to lowering costs without directly moving to laying off employees or cutting payroll.
 
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Restructuring and Rightsizing: A Proactive Approach to a Management Challenge
September 14, 2011
 
This CFO Edge article examines business restructuring and rightsizing by reviewing critical success factors and recommending best-practice processes that contribute to positive outcomes.
 
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Contract Negotiation
September 7, 2011
 
This CFO Edge article reviews contract negotiation and suggests eight guidelines that contribute to contracts that are firm, fair and flexible in the appropriate areas.
 
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Managing Foreign Operations and Currency Translation
August 31, 2011
 
This CFO Edge article examines financial statements for companies with foreign operations and addresses areas such as currency translation, functional currency, conversion to US GAAP, remeasuring, conversion rates and inflation rates.
 
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Equity Financing: Partnering with an Angel Investor
August 24, 2011
 
This CFO Edge article reviews the process of finding and partnering with an angel investor. It also includes links to five online resources that identify angel investors and present in greater detail the process of connecting with the right investor.
 
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Internal Fraud: A Proactive Stance Reduces the Allure and Risks
August 17, 2011
 
This CFO Edge article examines internal corporate fraud with a look at examples of fraud types and nine recommendations aligned with taking a proactive stance to reduce the risk of losses.
 
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Risk Management Takes a High Profile in Corporate Governance Today
August 10, 2011
 
Recent resource material is reviewed to present current perspectives on corporate governance, risk management, and six areas in which executives and boards of directors need to take action.
 
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Data Security & Outsource Service Providers
August 3, 2011
 
This article looks at best data security practices that should characterize the working relationship and be included in the contract between companies and their BPO service providers.
 
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Chart of Accounts Best Practices
July 27, 2011
 
This article looks at the chart of accounts with a view to identifying both challenges and best-practice processes that deliver greater efficiencies, better output data, and lower audit costs.
 
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Getting the Most from an Outsourced CFO Services Provider
July 20, 2011
 
This article looks at the expertise an outsourced CFO can bring to a firm, and, perhaps more importantly, the elements at the heart of a successful working relationship between company executives and their contracted CFO.
 
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Planned Re-Exposure of Revised Revenue Recognition Standard
July 13, 2011
 
This CFO Edge article looks at the planned re-exposure of a revised Revenue Recognition Exposure Draft (ED) and suggests actions that companies can take now to prepare for the upcoming changes.
 
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Incentive Compensation Plans that Work
July 6, 2011
 
Pay policy plays a significant role in helping firms achieve organizational excellence. This article looks at incentive compensative plans with an eye to creating programs that are rational, clear and transparent to both the incented employees and those who oversee and administer the program.
 
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M&A Planning: Sell-Side Due Diligence
June 29, 2011
 
Executives approaching M&A activity can benefit from adopting a proactive approach and conducting sell-side due diligence to identify strengths, recognize limitations and maximize sale value.
 
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Expense Reporting: Web Apps Gain on Spreadsheets
June 22, 2011
 
Reviewed is the significant shift from usage of spreadsheets to web-based expense tracking and reporting solutions. Findings from two recent reports are discussed along with benefits of cloud-based T&E apps that go beyond saving time and reducing costs.
 
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Procurement Cards
June 15, 2011
 
This article looks at how procurement cards - or P-cards - work to control misuse through setting of parameters on types, amounts, locations and frequencies of purchases. Also addressed are benefits and drawbacks of procurement card programs.
 
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Why Would a CFO Hire a CFO?
June 8, 2011
 
This article looks at several situations - strategic planning, formal audit preparation, and the areas of mergers, acquisitions and IPOs - that can prompt a CFO to hire another CFO. Included are three brief stories that illustrate how contracted CFOs successfully provide needed expertise and capacity.
 
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CFO vs. Controller: Understanding the Differences
June 1, 2011
 
Many growing organizations do not have a clear understanding of the differences between the CFO and the Controller. This article examines the differences in skill sets and duties and includes a table that assigns 27 responsibilities to either the CFO or the Controller to support clarification.
 
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Cash Flow Forecasting
May 25, 2011
 
A cash flow forecast, or cash flow projection, is a key element of financial strategy that supports near-term financial processes, overall capital structure and asset valuations. This article looks at the ways cash flow forecasting helps assert financial control, at direct and indirect methods of forecasting, as well as at red flags linked to variances between projections and actual results.
 
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Audit Preparation: A Formula for High Return on Audit Investment
May 18, 2011
 
If your next audit were a stock you held, how would you characterize the return you would like to see? This CFO Edge article looks at the three critical audit success factors - preparation, documentation and collaboration - that contribute to better audit outcomes and can result in lower fees.
 
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Revisiting Sarbanes-Oxley Compliance
May 11, 2011
 
This CFO Edge article discusses three SOX compliance strategies, and recommendations address SOX task force composition, as well as SOX assessment and gap analysis. The article also lists seven links to online SOX resources that include a Bloomberg Businessweek compilation of up-to-date articles and four SOX professional groups on LinkedIn.
 
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Reinventing Your Company for Long Term Growth
May 4, 2011
 
Why is reinvention so important? How do we identify the right time to reinvent? And what actions are required to reinvent and continue to grow our businesses? This CFO Edge article presents an array of ideas and principles that can help C-level executives move toward a path of reinvention that will keep their companies growing in the years ahead.
 
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Negotiating Fair Financial Covenants
April 29, 2011
 
A slowly-recovering economy, the tight credit market, and upcoming changes to accounting principles as a result of joint FASB/IASB projects are making successful financial covenant negotiation and management more important than ever. This article provides an overview of financial covenant negotiation, a look at current and upcoming factors impacting covenants, and courses of action to ensure successful financial covenant management.
 
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Traditional Budgeting vs. Beyond Budgeting
April 21, 2011
 
This article looks at three core differences between two general approaches to the budgeting process: Traditional Budgeting and Beyond Budgeting. The latter is characterized by a shift of authority to front-line business teams that can result in more agile responses to customer needs.
 
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IFRS vs. Convergence: Three Findings and Three Actions to Take Now
April 12, 2011
 
The article looks at actions companies can take now to prepare for the likely Q3 or Q4 2011 statement by the Securities and Exchange Commission that will resolve whether U.S. public companies will be required to report under International Financial Reporting Standards (IFRS).
 
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Lease Accounting Changes: Three Observations and Three Actions to Take
March 1, 2011
 
The FASB and IASB joint exposure draft on proposed lease accounting changes is pointing to significant changes in reporting that will impact areas from income statements and balance sheets to financial covenants, EBITDA calculations, earn-outs, and compensation agreements.
 
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Other Resources
 
Business Record Retention Schedule
March 10, 2011
 
The CFO Edge Business Record Retention Schedule recommends the documents to retain permanently as well as retention periods after contract termination and asset disposal.
 
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