“What counts in making a happy marriage is not so much how compatible two people are, but how they deal with incompatibility.” Leo Tolstoy There was a world record of mergers and acquisitions in 2015. Seventy to eighty percent of all mergers and acquisitions are financial failures according to an article in the Harvard Business […]
Acquisition Method of Accounting as a Tool in Forming Strategic Partnerships Read More »
“In the business world, the rear view mirror is always clearer than the windshield.” Warren Buffett We know capital is vital to business growth. There are only three ways to finance a business. Funding comes from revenue, debt or equity. Raising money from investors (venture capitalists, banks, friends, and family) is always about the amount of
Pre-money versus Post-money Business Valuations Read More »
Around this time each year, your company’s calendar fills up with everyone’s rush to cash in the rest of their time off. You’re stressing out. You were already stressed of course, because it’s the fourth quarter crunch time for your business. There’s also the holidays. And football. Ugh. You may not be able to avoid
Managing Holiday Time Off Read More »
“Only accountants can save the world – through peace, goodwill and reconciliations.” The Alternative Accountant The age old question of cost is particularly perplexing when it comes to accounting services. The answer to the question “What do accounting services cost?” normally evokes the dreaded answer: it depends. Price is only meaningful relative to value. The
What Do Accounting Services Cost? Read More »
“If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportion.” Elon Musk We think determining the value of a company requires a logical, measurable and repeatable assessment of the entity’s tangible and intangible assets. For accounting purposes, a business must either
What is the Difference between Tangible and Intangible Assets in Business Valuations? Read More »
According to a global survey commissioned by the Chartered Institute of Management Accountants (CIMA) and the American Institute of Certified Public Accountants (AICPA), only thirty-six percent of the respondents said “they can easily ensure consistent, quality decisions at all organizational levels” and a staggering eighty-nine percent said “a stronger partnership with finance in decision-making would
Managerial Accounting Principles Help Decision Making Read More »
It has been said that “accounting is the language of business.” The ever-evolving digital technologies of accounting will affect the future of financial professionals in ways that have not yet been imagined. Digital accounting refers to the formation, representation and transmission of financial data in an electronic format. Computers and accounting software have transformed the
Evolution of Digital Accounting Read More »
“Boldness has genius, power, and magic in it.” Goethe The truth is we are all leaders and followers depending on the roles we play in life. Some people are family leaders, community followers and volunteers for just about everything in between. Over the years, we have found the following seven traits are common to
What Does It Take to Be a Superb Business Leader? Read More »
“The only constant is change.” Heraclitus, Greek Philosopher of the late 6th century BCE Delivery of a specific product or service requires work is accomplished using a system of clearly defined processes to achieve a common goal. This is the core definition of a department. Much of the work that Pacific Crest Group does is
How to Build a Department from Ground Zero Read More »
Saturday Night Live featured a skit about Millennials at work. It showed a young woman frantically texting on her iPhone. She approached her boss and asked for a promotion. Her boss asked, “how long have you been with our company?” She replied, “three days.” Millennials, or Generation Y, are generally eighteen to thirty years old.
Busting Millennial Myths Read More »
“Luck is where the crossroads of opportunity and preparation meet.” Seneca, first-century Roman Philosopher You have worked hard on building a business and deserve the fruits of your labor. How do you know what to expect? The answer is in the valuation of your business. Business valuation is a process of proven procedures used to
Business Valuation Methods Read More »
The primary mission of a business is long-term profitability not just revenue growth. Profitability is a measurement of efficiency. It is ultimately the deciding factor in the success or failure of a business. It is expressed as a relative not an absolute amount. Profitability measures the capacity of a business to produce a return on
Measuring Profitability Based on Efficiency Read More »