“I have been around long enough to be sure that you don’t know what you think you know regarding product or client profitability until you see the financial data”
- Scott Bonnallie, CEO – Dannemiller Inc.
For many executives of small and mid-market companies, trying to run the business with little to no accurate and timely financial [...]
By Rey Madolora – Vice President of Services, Consero.
Poor financial controls can create significant waste, fraud, or decreased credit rating – yet it happens to thousands of businesses every year. A sound internal control environment is the foundation from which a corporate finance function can be relied upon to protect and report on the company’s [...]
Like many finance executives, Terry Lillis, CFO of Principal Financial Group, is tired. The constant stream of guidance from regulators and accounting standard-setters — plus the expected inflow of more to come over the next few years — has created “huge accounting fatigue” among his finance staff, he told a roomful of finance chiefs at [...]
Markup vs Margin Differences
Is there a difference? Absolutely. More and more in today’s environment, these two terms are being used interchangeably to mean gross margin, but that misunderstanding may be the menace of the bottom line. Markup and profit are not the same! Also, the accounting for margin and mark-up are different! A clear understanding [...]