Expert in Cash Flow Acceleration, Cash Flow Planning, Quicken, and Financial Management
Expert ID: 721961 Canada
Expert assesses the suitability of systems to provide management accurate and complete information to ensure effective decision-making. Moreover, he assists the implementation of the most suitable system. He is experienced in working with Quicken and QuickBooks.
Expert has experience facilitating the establishment of a corporate vision. Once the corporate vision is established, an in-depth analysis of corporate strengths and weaknesses follows. This, coupled with a review of external influences, enables the effective linking of anticipated actions to affect predetermined corporate objectives. After this has been completed, he follows up by measuring the effectiveness of the strategies.
Expert's specialty and experience lies in the areas of designing and implementing accounting systems and planning for taxation, corporate strategy and business planning for small business. He frequently assumes the role of chief planning officer and/or chief financial officer for many of the organizations that he deals with. He is well-versed in crafting strategic, business and financial plans as well as implementing them.
Expert assists "troubled" corporations. An assessment of the problems a corporation is experiencing is the first step in a successful turnaround. Establishing a plan to overcome the difficulties follows. If necessary, a team is assembled to implement the plan. The plan is then vigorously implemented with a concentrated focus on shareholder value.
As the North American economy slows down, the issue of crisis or turnaround management becomes more important. As Expert typically deals with corporations that do not have surplus assets and resources to weather any financial storm that erupts, he is adept at quickly selecting a team, if necessary, and developing strategies to pry the company out of serious financial situations.
Expert has frequently consulted with SBEs regarding the alternatives of financing various asset purchases (corporations, business units, capital assets) and new business initiatives.He has assisted management by taking over the role of CFO in special short-term assignments. These usually include mergers, acquisitions, or the sale of corporations.He has developed strategies and tactics, initiated new business thrusts (or rationalised old lines) and implemented proactive management plans to revitalise and rejuvenate "troubled" companies. Expert is extensively involved in the planning and preparation of compliance submissions (tax returns) to the appropriate revenue authorities.He is often asked to develop estate plans whereby corporate entities are restructured to accomodate certain predetermined ownership outcomes.
|Year: 1973||Degree: B.Com.||Subject: Accounting/Finance||Institution: Rhodes University, South Africa|
|Years: 1980 to Present||Employer: Undisclosed||Title: Owner||Department: Undisclosed||Responsibilities: Expert runs his own consultancy where he is responsible for all management, production, client relations and practice matters.|
|Years: 1979 to 1980||Employer: Undisclosed||Title: Chief Financial Officer||Department: Undisclosed||Responsibilities: He worked on financing, troubleshooting franchisee financial problems, establishing strategic financial goals, liase with a United States franchisor.|
|Years: 1978 to 1979||Employer: Undisclosed||Title: Audit Manager||Department: Undisclosed||Responsibilities: Expert reviewed client audit files, and worked on client relations as well as staff relations.|
|Years: 1974 to 1978||Employer: Undisclosed||Title: Audit Staff||Department: Undisclosed||Responsibilities: His responsibilities were to prepare audit working paper files.|
|Associations / Societies|
|Expert is a member of the Canadian Institute of Chartered Accountants (CICA), the Ontario Institute of Chartered Accountants (CA Ontario), and the Association of Independent Consultants (AIC).|
|Licenses / Certifications|
|Expert is a Chartered Accountant in Toronto, Canada.|
|Training / Seminars|
|Expert frequently provides estate and investment planning seminars for insurance and stock brokers. The class is designed to provide their individual clients with strategies to minimize tax costs both currently and upon death.|
|Other Relevant Experience|
| Expert develops and maintains Cash Flow Models.
Cash Flow Models show:
- what financing is needed under a given profitability scenario
- the amount of sales necessary to maintain a certain level of financing
- the level of sales needed to achieve a certain profitability and
- graphically, the effect of changes in factors such as labor costs and material price on sales, prices and financing.
Fields of Expertise
accounting, finance, accounting technology, Quicken, corporate strategic planning, strategic planning, business strategy, small business, turnaround, cash flow modeling, financial planning, cash management, financial management, cash flow planning, cash flow acceleration, tax dispute, tax planning, tax, business operations, business management, management, spreadsheet software, risk management