PPP: Best Practices, General Enforcement Actions & Fraud
Field of Study: Accounting
The Paycheck Protection Program provides small businesses with funds to pay up to eight weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Erica Price, Manager at Paradigm Forensics, LLC, joins this segment to discuss the importance of understanding PPP eligibility requirements, properly calculating loan and forgiveness amounts, the statute of limitations for PPP fraud, and enforcement actions being taken by various government agencies. Erica also provides proactive and reactive best practices for companies, including maintaining a comprehensive PPP file, ensuring good communication with lenders, and seeking expert assistance if needed.
Protecting Profits through Supply Chain Cost Excellence
Field of Study: Production
Cost and pricing excellence incorporates streamlining processes and improving operations to maximize profit. Organizations employing cost excellence strategies can reduce supply chain challenges by eliminating waste and improving quality - all while delivering high-quality products and services to their customers. Casey Chapman, principal and management consulting leader in the Operations and Supply Chain practice at RSM, guides us through best practices in managing costs to inform strategic decisions and leveraging supply chain planning tools to optimize inventory and synchronize supply and demand.
How to Create an Efficient and Accurate Month-End Close Process
Field of Study: Accounting
The month-end close process involves recording, reconciling, reviewing all business transactions, and finalizing account data for the month. An efficient month-end close process is essential to producing accurate and timely financial statements that can be used for both analysis and decision-making. Edgar Thomas, Co-Founder and COO of Avise, joins this segment to provide additional background on the true purpose of month-end close, how to optimize the length of time required to close, as well as the process of navigating reclasses and adjustments. Edgar also discusses the role software, flux analysis, prioritization, and relationship building play in the close cycle.
The DCF Model: Leveraging Assumptions to Inform Business Valuation
Field of Study: Finance
Discounted cash flow, or DCF, is an analysis method used to value an investment by discounting the estimated future cash flows. DCF analysis can be applied to value a business for an exit, acquisition, recapitalization, capital raise, and many other assets or activities, and thus is widely used in both the investment industry and corporate finance management. Jason Tuzinkewich, COO of Blue Sky Business Resources, joins this segment to provide additional background on DCF analysis, discuss the three categories of business valuation, detail how to arrive at a discount rate or risk profile, as well as walkthrough a comprehensive case study.