Finance challenges and macrotrends put a damper on last year. But does history have to repeat itself—at least so soon? Granted, the new year begins with a lot of baggage. The Consumer Price Index shot up 9.1%, the largest 12-month increase since 1981. To counter inflation, the Federal Reserve has made capital more costly, hiking… Continue reading AM&AA Hosts 2023 Economic Outlook on Jan. 19
Industry: Privately Held Consumer Lender Client Overview A subprime consumer lender, which experiences large credit losses as part of normal business operations, engaged CFOCP to better understand the Current Expected Credit Losses accounting model (CECL), which requires that all losses currently expected to occur over the life of a loan are recorded at the inception… Continue reading Technical Accounting for a Privately Held Consumer Lender
Industry: Food Manufacturer/Distributor Client Overview A food manufacturer/distributor engaged CFOCP to support the incoming CEO’s vision for growth. The company, which recently went public, experienced challenges during a period of rapid growth from a series of acquisitions. CFOCP delivered several consulting activities, including: Stabilized accounts receivable collection process. Performed fully loaded unit costing for finished… Continue reading Finance Transformation (Food Manufacturer/Distributor)
It’s not too late. In the waning days of 2022, there is time to clean your financial house. You’ve wrangled data from various sources all year so you could fill in the blanks and make deadlines. But along the way, some things got overlooked. Others might not have been given enough attention. Well, here’s the… Continue reading Year-End Loose Ends: What CFOs Must Do Today
The numbers don’t look good for manufacturers. We’ve already experienced two quarters with declining gross national product. Supply-chain problems and labor shortages may suggest a price bump to pass along to your customers, but the Fed keeps raising interest rates. Don’t be surprised if we have entered the beginnings of a credit squeeze. If manufacturers… Continue reading Day One: What Manufacturers Must Do For Looming Recession
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