Category: CFO Services

New Accounting Standards for Leases issued this past Thursday

On Thursday (February 25, 2016), the FASB issued the long-awaited new standards for leases.  According to a Journal of Accountancy article published yesterday: “FASB’s Accounting Standards Update No. 2016-02 will require lessees to report obligations for operating leases on the balance sheet for the first time.” If you are a business owner today, in most… Read more »

Expense Control, Budgeting, and the 3rd Law of Wealth and Abundance

Over my career in financial management, expense control has been a continual focus in order to maintain and grow a business. The Third Law of Wealth and Abundance from Ron Willingham’s book “The Ten Laws of Wealth and Abundance” is a direct and no-nonsense approach and insight into personal and business budgeting and planning. Third… Read more »

Managing Cash Flow Complexities – Part 5: Cash vs EBITDA

At a recent risk management seminar, one of the participants spoke about how their controller received an email from the CEO of their company asking him to wire transfer some funds for that day.  What the controller didn’t know is that someone had hacked into the company’s email system, and had been monitoring the style and timing of the… Read more »