See also: Quick Ratio Analysis Price to Book Value Analysis Price Earnings Growth Ratio Analysis Time Interest Earned Ratio Analysis Use of Financial Ratios Financial Ratios are used to measure financial performance against standards. Analysts compare financial ratios to industry averages (benchmarking), industry standards or rules of thumbs and against internal trends (trends analysis). The
2016 has flown by and we are already in the fourth quarter! As we wrap up the year in just over a month, strategic planning for 2017 is happening in businesses across the world. As the person responsible for the bottom line, your job as a financial leader is quite simply to improve profits and cash flow.
When I was a young accountant, I always wondered to myself… “Why should I bother with networking?” It seemed like a waste of time and money. As I grew from an accountant into a business owner/CFO, I learned that networking is a vital function of doing business. But for some, networking can be a daunting
A recent article in the Wall Street Journal reports that employers are taking longer to pull the trigger on hiring decisions than in years past. According to the article: the average job in 2014 sat vacant for 27.3 days before filled; this is compared to only 15.3 days five years ago the average interview process
In a recent post, I talked about a conversation I had with our banker and the three questions she’d most like answers to. In case you missed it, her questions were… How are you feeling about your business and the local economy? What is the outlook for the rest of the year? What are you
See Also: Forecasting Comparison Analysis Budgeting vs Forecasting The budgeting vs forecasting process has been a good discussion between financial professionals. The argument of whether they serve the same purpose or if one is better than the other has lead to some interesting debates. The term has been used several times interchangeably. However let’s explore