Managing Director Resource Planning Solutions Corporation Strategic planning and performance management are of significant importance to the survival of today’s businesses. From small businesses to multinational, Fortune 500 companies, these factors are critical to their operational success. This series of articles will outline a number of...
For the purposes of maintaining control over internal accounts and safeguarding long-term accounting consistency, it is integral to create efficient period-end closing procedures. Though these systems can be complex, a well-planned set of internal controls can make the period-end closing procedures more manageable as well as ensure a desirable...
Terms such as “millionaires,” “upper income earners,” “top 1%,” “wealthiest Americans” and other expressions used to describe the well-heeled in this country have become very politicized. Pundits often conflate income and net worth when talking about wealth distribution, and it is not at all clear who or...
One of the most challenging aspects of managing Accounts Receivable and Payable is ensuring that everything runs smoothly and efficiently. A well-organized approval system can expedite processes, thereby diminishing the likelihood of delays and other associated problems. Centralizing Invoice Approval When expediting the accounts payable process, the most crucial component is the centralization...
In some industries, stress testing is now mandated and is becoming formalized. In 2012 the Federal Reserve Board is requiring 31 U.S. bank holding companies with assets of more than $50 billion to submit capital plans and undergo stress testing under Comprehensive Capital Analysis and...
If there is one thing Americans across the political spectrum can agree on these days, it is that they are fed up with the bombast, posturing and fecklessness of Washington lawmakers. Furthermore, they are disgusted by the sleazy behaviors, unethical dealings and even outright corruption...
Becoming a publicly-held company offers the owners of a private company the potential for substantial benefits. These include the ability to raise new capital for more rapid growth and to broaden ownership beyond the current owners. The process can also be used as an exit strategy for the founders...
In the business world, the buck stops in the C-suite. It is here that the tough decisions must be made – including decisions about when it’s time to pull the plug on a promising project; when it’s necessary to rationalize a company’s footprint or downsize...
What is strategic planning? Strategic planning is the process in which an organization examines and analyzes its resources and defines a path for the near future. In other words, strategic planning is sitting down with a group of people who have different roles in an organization and mapping out where...
International Financial Reporting Standards (IFRS) have been at the forefront of discourse for the past several years, as the Securities and Exchange Commission (SEC) continues to bat around the notion of converting U.S. practices over from Generally Accepted Accounting Principles (GAAP). The conversion has been pushed back repeatedly over the...