Is Your Finance Department a Cost or Profit Center? Allan Tepper, CFO Consulting Partner LLC To begin, I will define cost and profit centers, using my definition developed after leading accounting and finance functions for over twenty-five years. Cost centers need to be efficient and be doing critically important tasks. From a company perspective, cost… Continue reading Newsletter – May 2018
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Newsletter – May 2018
Is Your Finance Department a Cost or Profit Center? Allan Tepper, CFO Consulting Partner LLC To begin, I will define cost and profit centers, using my definition developed after leading accounting and finance functions for over twenty-five years. Cost centers need to be efficient and be doing critically important tasks. From a company perspective, cost… Continue reading Newsletter – May 2018
Newsletter – April 2018
Case Study: Financial Transformation BACKGROUND Engaged by a service provider (a boutique law firm) that had been in business for approximately 18 months. Firm was highly successful on the legal side but was immature on the operations/business process side. In 18 months, firm had had three Chief Operating Officers, all from “Big Law” and all… Continue reading Newsletter – April 2018
Newsletter – April 2018
Case Study: Financial Transformation BACKGROUND Engaged by a service provider (a boutique law firm) that had been in business for approximately 18 months. Firm was highly successful on the legal side but was immature on the operations/business process side. In 18 months, firm had had three Chief Operating Officers, all from “Big Law” and all… Continue reading Newsletter – April 2018
Newsletter – March 2018
The CECL Approach, 3 of 3 For this newsletter CFO Consulting Partners has partnered with Ardmore Banking Advisors to review the potential material financial benefits of a well planned and executed implementation of the new current expected credit loss (“CECL”) accounting standard. Most banks have an awareness of the need to prepare for the transition… Continue reading Newsletter – March 2018
Newsletter – March 2018
The CECL Approach, 3 of 3 For this newsletter CFO Consulting Partners has partnered with Ardmore Banking Advisors to review the potential material financial benefits of a well planned and executed implementation of the new current expected credit loss (“CECL”) accounting standard. Most banks have an awareness of the need to prepare for the transition… Continue reading Newsletter – March 2018