This is the third of a series of three short newsletters on how to stay ahead of finance process issues and prevent these challenges from becoming more significant problems. Each newsletter has addressed a different aspect of these challenges: Producing Data, Garbage In, Garbage Out, and The Audit: Don’t Get Scared, Get Organized (today’s topic). As noted… Continue reading Part 3 of 3: Building a Stronger Financial Management Process: The Audit: Don’t Get Scared, Get Organized
Category: Paul Karr
Part 2 of 3: Building a Stronger Financial Management Process: Garbage In, Garbage Out
This is the second of a series of three short newsletters on how to stay ahead of finance process issues and prevent these challenges from becoming more significant problems. Each newsletter addresses a different aspect of these challenges: Producing Data, Consuming or Using Data (today’s topic), and Preparing for and Managing the Audit. As noted… Continue reading Part 2 of 3: Building a Stronger Financial Management Process: Garbage In, Garbage Out
Part 1 of 3: Building a Stronger Financial Management Process
A strong finance team is critical to the success of any company. Sometimes, however, financial results are late, incorrect, or not issued at all due to problems in finance processes. For a smaller business, with just a few accounting and finance resources, staff turnover can instantly highlight any process weakness. This is the first of… Continue reading Part 1 of 3: Building a Stronger Financial Management Process
Thoughts About Your Accounting Close and Financial Reporting with a Remote Workforce
Many businesses are adopting social distancing strategies, including increased use of remote workforces to adapt to and fight through the Covid-19 crisis. Completing monthly, quarterly or annual financial reporting activities can be challenging to accomplish remotely, so we share our experiences in assisting clients to do so in this article. With thoughtful management, the efficiency… Continue reading Thoughts About Your Accounting Close and Financial Reporting with a Remote Workforce
Newsletter – April 2020
Thinking Ahead – Accounting for Loan Losses During and After Covid-19 One of the many challenges posed by the current health crisis is the need for lenders to reassess their borrowers’ ability to repay their loans. While it may seem unfair, or even unseemly, to have to address this issue at this time, financial institutions… Continue reading Newsletter – April 2020
Newsletter – October 2019
Insurance Update – Includes our Takeaways from the Annual SIFM Conference We attended the Annual Conference of the Society of Insurance Financial Management held in Atlantic City, New Jersey, on September 15-18, 2019. This excellent and well-attended Conference brought together finance professionals from insurance companies and professional service providers to discuss topics of current interest. This update incorporates… Continue reading Newsletter – October 2019