Our parents and teachers told us not to compare ourselves to others. While comparisons can be negative, as a measurement tool to assess and improve financial performance, they’re invaluable. Financial statements tell a story in numbers rather than in words and comparisons are vital to telling that story. It’s reading time, numbers style. In last […]
A recent kerfluffle with Groupon illustrates several reasons companies need a firm handle on internal controls. All controls should be established in a company’s infancy and refined as the business grows. Waiting for a convenient time (that never comes) to implement good controls is usually a recipe for disaster.