By Michael Bevilacqua, Senior Operational CFO at Accounting Management Solutions If you’re a Chief Financial Officer, Chief Accounting Officer, Controller or any other title tasked with oversight of accounting policies, it’s a good guess that you, like most, have put off writing your new revenue recognition policy to comply with ASC 606.  This is likely if you’re in an investor backed entity, owner managed entity, or any other entity that doesn’t quite crack the Fortune 1000.  There are … [Read more...]

How to determine whether your company has what it takes to find a new way forward. The time has come to ask that critical question: can this business be saved, or is it time to let it go? Getting to a realistic and actionable answer can seem like an overwhelming task. But there are really just four basic elements that determine whether you have what you need in place for a successful business turnaround: a viable core business, adequate financing, the right resources within your company … [Read more...]

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...]