Most CEOs are great at hiring the key individuals they need to execute on the operational aspects of the business. However, oftentimes there is a struggle with the question of “when should I hire more senior financial support?” Generally it does not happen until there is a crisis, such as feeling pressure from the bank or other stakeholders to provide necessary financial information that the company needs in times of critical assessment. Time after time, AMS receives emergency phone calls from … [Read more...]

Summer is here, which means you may have an opportunity to catch up on your reading. We’ve put together a list of top ten choices with some of our favorite books. Unbroken: A World War II Story of Survival, Resilience, and Redemption by Laura Hillenbrand – From the bestselling author of Seabiscuit, comes Unbroken, the inspiring true story of a man who lived through a series of catastrophes almost too incredible to be true. This novel will keep you glued to the pages, eagerly awaiting the … [Read more...]

By RoseRyan CFOs’ résumés are getting longer and more complex. Naturally they are the stewards of the company’s finances and the operator of the treasury, financial planning and analysis, accounting and tax functions. Now, they are also embracing being strategists and catalysts. This is according to Kathy Ryan, CEO and CFO of RoseRyan, and Myles Suer, senior manager, CFO solutions, at data integration company Informatica. Ryan and Suer recently tag-teamed as speakers on a webinar about … [Read more...]

By Paul Konigstein, AMS Senior Consultant Not surprisingly, the sudden demise of FEGS has been dominating water cooler talk in nonprofit offices for weeks. The question on everyone’s mind, as New York Times columnist Rachel L. Swarns put it: “How does an 80 year old agency with an annual budget of over $200 million crumble with so little warning?” Unfortunately, the answers being discussed reveal some common myths about the work of auditors and accountants. Inspired by the Discovery … [Read more...]

By Robert Francis, CPA, AMS Senior Consultant The Financial Accounting Standards Board (“FASB”) recently clarified requirements for management to determine if its company expects to remain in business. The FASB recently issued a new standard – Accounting Standards Update No 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern – that explicitly requires management to assess their company’s ability to continue as a going concern, and in many cases … [Read more...]