The purpose of this page is to address topics relevant to the CFO function. Each month we will examine topics that are relevant to the success of your company. Should one be of particular interest to you, please feel to contact us and we can discuss it in depth.

Effective Cash Systems – November 2017

This post involves Treasury. A critical duty of the CFO is to devise and operate a cash system. A well designed cash system is essential to effective cash management. A good cash system allows the CFO to anticipate cash needs and focus on working capital management – the key to an effective cash system. When […]

Read More...

Keeping Management in the Loop – October 2017

This post regards Financial Reporting. Projects are a necessary part of many business arrangements. A project can be defined as producing unique output rather than an ongoing stream of goods and services and has a definable starting point and ending point. Some examples of projects include R&D efforts, new buildings, an upgraded website, creating a […]

Read More...

Plan Your Work and Work Your Plan– September 2017

This post involves strategy. The business plan translates the entrepreneur’s dream into a vision and expresses the pursuit of the vision through a mission statement. Positive execution of the mission statement is based on broad parameters of how the vision will be achieved over time. While the development of the business plan needs input from […]

Read More...

Managing Accounts Receivable to Drive Performance – August 2017

This post involves Financial Management. The analysis of financial statements is often conducted by lenders and investors. Their purpose is to determine whether it is sensible to provide the company with funding. The CFO should also perform financial analysis, but with the goal to diagnose operating challenges, measure performance, and improve efficiency. The remainder of […]

Read More...

Be Liquid and Profitable — July 2017

This topic involves Treasury. A key element of a firm’s liquidity and profitability is its working capital (current assets minus current liabilities). Converting accounts receivable and inventory to cash provides liquidity for paying creditors, investing in growth opportunities, and distributing cash to shareholders. The quicker this conversion occurs the greater the company’s return on invested […]

Read More...

IT Works for You, Not the Other Way – June 2017

This post involves financial management. Technology, IT for short, has been vastly helpful to CFOs. It enables more efficiency, has tremendous computing power, allows for storage of huge amounts of data and information, and effectively handles many mundane tasks with lightning speed. That said we have all experienced the frustration of IT not functioning as […]

Read More...

Hedging Your Bets – May 2017

This post involves internal controls. Many financial professionals associate internal controls with such matters as separation of duties, reconciliations, and procedures. We do as well, but also believe internal controls encompass the practice of hedging which is a risk reduction technique. It involves the use of a derivative or similar financial instrument to offset future […]

Read More...

How Well is Your Company Performing

This post concerns financial management. A key responsibility of the CFO is to understand how financial ratios reflect the firm’s quality and performance. Most often, the CFO is approaching this duty from the perspective of capital providers by examining financial statement ratios. However, there are other financial ratios, often not discernible from the financial statements, […]

Read More...

Keep the Cash Flowing — March 2017

This post involves Treasury. The CFO is responsible for the Treasury function in most firms. Among the key duties of the treasury effort is cash management. Effective cash management is critical for a company , because effective deployment of cash is the lifeblood of the firm, its profitability, its growth, and hence its value. The […]

Read More...

Benefit From Process Optimization — February 2017

This post involves strategy. A key business concept that has become prevalent over the past few decades is Lean methodology, which is developing more efficient processes to reduce costs while providing premier customer service. Its development has been attributed to Toyota, and it now utilized world wide by large public companies like GE as well […]

Read More...