Despite the rise in recent years of the IT and professional service industries, it’s the manufacturing industry that keeps the gears of the U.S. economy running smoothly. After all, manufacturing businesses build things that we use in our everyday lives — from cars and washing machines to furniture and...
In certain scenarios, organizations must transition accounting duties to another entity. For example, the company might be going through a merger or acquisition, or it might be outsourcing accounting duties to a third-party accounting services provider. When this occurs, extreme care must be taken as the accounting duties are transitioned....
With respect to the extremely important relationships small and mid-sized firms have with their partners and stakeholders, the people who have “put their money where their mouth is” in terms of backing up their beliefs in a business with cold, hard cash, it’s important for business owners and CEOs...
There are many situations in which businesses can benefit by hiring an outsourced CFO services provider. In this article, we will delve into how an outsourced CFO can help your business by serving in the role of a Project CFO. The most common scenario in which an outsourced CFO would...
Any company that has gone through a merger and acquisition (M&A) understands the complexity involved in accounting for divestitures. Covered under ASC 805 (formerly SFAS 141), accounting for divestitures — along with accounting for business combinations, discontinued operations, impairments, intangibles and segment reporting — poses many challenges for businesses and...
Despite low interest rates and an improving economy, many Los Angeles and Southern California small businesses are finding it difficult to obtain financing. An article published late last year in The Wall Street Journal1 pointed out that “the biggest banks in the U.S. are making far fewer loans to...
Most businesses, regardless of their size, utilize policies and procedures as part of their organizational structure. The larger the organization, the more important policies and procedures (or P&Ps) tend to be. However, even small firms can benefit by creating well-defined P&Ps, communicating them throughout the organization, and taking steps to...
Los Angeles and Southern California business executives often find that they need a cash infusion in order to take their companies to the next level. In this scenario, they have two primary options for funding: debt or equity. Debt is simply a loan, usually from a bank, that must be...
In today’s improving economy, many Los Angeles and Southern California business owners and entrepreneurs are planning business growth strategies for the first time since before the recession. This is obviously a positive development and good news, both for these businesses and for our state’s economy — especially after the business...
Some Los Angeles and Southern California business owners and entrepreneurs have been through the process of an organizational turnaround. This topic is especially relevant right now as both the national and California economies begin to finally show some signs of life more than five years after the end (at...