The prospect of going public in an initial public offering (IPO) has a certain romantic allure among many entrepreneurs and business owners. Some of the most famous companies in America made headline news when their shares were first offered for sale to the public, and IPOs of popular companies...
Transitions and change are always hard — but never more so than when a finance department leader or executive leaves the company. The challenge becomes especially difficult when the executive leaves or is terminated immediately, or suffers a tragic accident that leads to long-term disability or even death. In these...
In recent years, cyber security has become one of the top concerns for businesses of all sizes. We addressed cybercrime risk in our 2015 article – Is Cybercrime a Threat to Your Business? – and the risk has become even greater since then. Given the traditional role of the CFO as...
When they hear the term “mergers and acquisitions,” business owners and CEOs often visualize dealmakers wearing fancy suits in dark-paneled boardrooms, sitting around giant oak tables hammering out the details of multibillion-dollar M&A agreements. While this certainly happens, it’s not an accurate representation of all mergers and acquisitions — especially...
Prior to the enactment of the Affordable Care Act (ACA), many small and mid-sized businesses used Health Reimbursement Arrangements (HRAs) to reimburse their employees for the cost of individual and family insurance policies they bought. This was a cost-effective way for many firms to help their employees pay for...
There is a perception in the finance community that more data is always better. However, this is not necessarily the case. There is always a tradeoff between the possible benefits that can be derived by creating and delivering more financial information and the cost, in both time and money,...
It has been a busy few years for accounting industry regulators like the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). They have issued two far-reaching new accounting standards that will become effective soon. This article will provide an overview of these new standards and how...
There are a lot of advantages to owning and operating a small or mid-sized business. For example, there probably isn’t the level of complexity and bureaucracy in a small or mid-sized firm that you see in a large corporation, which makes it easier to move quickly to take advantage...
Two of our white paper topics are available for in-person presentations by one of our partners for your gatherings in Los Angeles, Orange, San Bernardino, Riverside or Ventura Counties.
CFO or Controller: What’s Right for Your Business?
Executives at growing companies may face two questions:
Is...
Among the most important tasks performed by the finance team is the preparation of a wide range of reports for consumption by the executive and management teams. These range from traditional financial statements (the profit and loss statement, income statement and statement of cash flows) to other financial reports...