The Balanced Scorecard

by John Fisk and Anita Sherman, CPA | Members of the Manufacturing & Distribution Services Group The balanced scorecard (BSC) has been used by companies since the early 1990s and continues to be an effective strategy performance management tool for organizations across the world. Based on a study by Bain & Company entitled ‘Management ...

Back to the Future: Rely on Financial Statements to Make Decisions for the Future

by Jeff Curiel, CPA | Manager, Team Member of the Not for Profit Services Group Financial statements regularly slide over your desk and pass through board members’ hands, providing a wealth of financial data on your nonprofit’s most recent month, quarter or year. But do you and the board rely on this valuable information to make business decisions ...

Is Your Company’s Balance Sheet Ready for Transition or Sale?

by Anita Sherman, CPA | Managing Partner In my April 19, 2012 article, I discussed the personal financial planning needed to get yourself and your family ready for a business transition or sale. In my March 22, 2012 article, I discussed the importance of preparing key employees for transition. This week I want to focus on preparing the company’s financial ...

How to Avoid Compliance Penalties When Paying Independent Contractors – Five Tips

by Anita Dudley | Manager, Tax Services Group The American Payroll Association (APA) has issued a press release that describes five basic tips on how to avoid IRS penalties when paying independent contractors.

Should You Act Now to Lock in Lower Interest Rates?

by Anita Sherman, CPA and Larry Greenwalt, CPA Interest rate swaps have been used for a number of years to hedge against rising interest rates. In the last several years, this technique has become more commonly used with mid-sized companies. SWAPS are useful in hedging against intermediate and long term loan interest rate risk, which makes SWAPS ...

Significant Changes in Lease Accounting

by Amanda Meko, CPA | Partner, Director of the Audit & Other Assurance Services Group Many businesses enter into lease arrangements. Think about lease arrangements your company has. You probably lease office equipment, like a copier and a postage meter. You may lease equipment or vehicles. You may also lease space, such as an office or an entire ...

The Accounting Treatment of Change Orders

by Tim Ayler, CPA | Partner, Director Construction Services Group Change orders are a common occurrence for most contractors. Although it is common, the treatment of change orders in the accounting system is something that is not always done correctly. Sometimes change orders go without pricing even though the work is defined and costs are incurred. ...

Business Survey Results Regarding Employee Compensation

by Larry Greenwalt, CPA, Managing Partner In our recent Business Intelligence Survey, 68% of the respondents reported reducing employee pay, hours or benefits in the last 18 months (43% of not for profit respondents, 75% of manufacturing and distribution respondents, 83% of service and professional respondents, and 100% of construction respondents), ...