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
Archives: Posts
Finance Transformation (Food Manufacturer/Distributor)
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)
CFO’s Q4 Checklist: 6 Things To Clean Up
(This story originally appeared on CFO magazine’s website.) By Eric Segal For a CFO, the fourth quarter brings a lot of stress not normally felt throughout the year. First, there’s the budget for next year, and then, the year-end close, and completing any tax driven transactions. But there’s one item, which is often given short… Continue reading CFO’s Q4 Checklist: 6 Things To Clean Up
CFO’s Q4 Checklist: 6 Things To Clean Up
(This story originally appeared on CFO magazine’s website.) By Eric Segal For a CFO, the fourth quarter brings a lot of stress not normally felt throughout the year. First, there’s the budget for next year, and then, the year-end close, and completing any tax driven transactions. But there’s one item, which is often given short… Continue reading CFO’s Q4 Checklist: 6 Things To Clean Up
Year-End Loose Ends: What CFOs Must Do Today
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
5 Accounting ‘Turnarounds’: How Manufacturing Fends Off Credit Squeeze
(This story originally appeared in CFO.com.) By David DeMuth Manufacturers can’t afford to wait any longer. For two years, CFOs and controllers have managed supply-chain disruptions and labor shortages, as well as surging prices. Typically, these developments could require most manufacturers to raise prices to survive. In Q4 of 2022, there is a looming recession.… Continue reading 5 Accounting ‘Turnarounds’: How Manufacturing Fends Off Credit Squeeze