A Single Simple Test that Could Save Your Business Medical professionals often first rely on simple and inexpensive tests to determine whether more expensive, intrusive, or uncomfortable tests are necessary to gain deeper insights or more conclusive evidence to inform medical decisions they and patients face. In many cases, one simple, initial test tells them …
Category Archives: Finance
22
Jul
Jul
ASC 842 is a new accounting standard set forth by the Financial Accounting Standards Board (FASB). It includes significant departures from its predecessor (ASC 840), applies to both lessees and lessors, and will have far-reaching impacts on many businesses. These impacts will include major changes to accounting practices and financial reporting, as well as increased …
15
Jul
Jul
Improving Access to Capital for US Oilfield Services Companies For small- to medium-sized oilfield services companies in the United States, the financial impacts of the pandemic, competitive pressures, and a range of recent disruptors have made it incredibly tough to stay healthy. While the peak of the pandemic may be behind us, those oilfield services …
05
May
May
This article is in collaboration with panelists from the May 2022 Houston TEI Presidents’ Forum Focused Breakfast. Below is a summary of the discussion points from all professionals on the ‘M&A: Preparing for Sale‘ panel. Feel free to reach out to us at vcfo or the other panelists in an effort to get ready for …
31
Mar
Mar
Engaging a virtual or fractional CFO as an outsourced resource is an excellent step for companies that need senior-level finance expertise but cannot afford to recruit or engage a full-time CFO. It’s important to ask the right questions to set the relationship up for success. Through our work providing teams of CFOs, controllers, and HR …
04
Mar
Mar
Financial Forecasting Best Practices – 7 Tips for Success Financial forecasts are critically important planning tools. In creating the forecast, research into the profitability of current operations and areas of potential expansion are essential to success. Management teams may be working very hard but challenged to make optimal operational decisions without well-defined goals and objectives. …
03
Feb
Feb
When I served as a panelist for the webinar, “Budgeting Basics: How to Build a Strong Budget,” we discussed a variety of topics, including how budgets affect profitability, when to start building next year’s budget, planning frameworks and the company stakeholders who need to be involved in the process. One vital aspect of budgeting is …
27
Jan
Jan
The Perils of Inflation Since our formation in 1996, vcfo has helped our clients through a number of booms and busts (.com, semiconductors, Real Estate, Energy, etc.), total economic melt downs, (2000, 2008), terrorist attacks, pandemics (bird flu, swine flu, coronavirus), natural disasters (fires, earthquakes, hurricanes and floods), and geo-political tensions and disruptions. Now, our …
22
Nov
Nov
vcfo is pleased to announce that the vcfo Denver team has expanded to include Tom Schwein, Consulting CFO. Tom is a Consulting Chief Financial Officer with more than 25 years of professional financial experience. Tom is a Certified Public Accountant in Colorado and has extensive background in helping companies significantly increase financial and operating performance …
18
Nov
Nov
Merger & Acquisition Integration Plans The M&A term sheet has been negotiated, due diligence has been completed and the valuation plus the timing has been agreed upon by both sides. The transaction documents are almost through their first iteration by the attorneys. In your mind, the hard work has been done and you need to …