Managing Financial Turnarounds

A new study from the Financial Executives International (FEI) Research Foundation provides case studies and insights into how to guide a company through a financial turnaround.

Advice offered in the study includes:

  • Eliminate emotional ties to previous policies.
  • Make cash flow allocation your first concern.
  • Identify and monitor internal key performance indicators daily.
  • Look for problems.
  • Anticipate problems and try to head them off.
  • Have a good understanding of what makes your business work.

The study includes detailed case histories of 20 companies that have undergone significant turnarounds and explains the problems these companies faced and how these problems were addressed.

The FEI study is available for $75 and may be ordered by calling 1-800-680-3373.

You may like these other stories...

Due to fierce competition in the accounting industry, some CPAs may feel pressure to compete for business using pricing alone. However, this is a losing battle in the long run: Competing on price will lead to the need for...
If the thought of blogging makes you as nervous as an executive facing an IRS audit, stop worrying. You can overcome your challenges with these tips.1. Blogging is good for business. You'll benefit as your blog displays...
Event Date: September 9, 2014, 2:00 pm ETIn this session we'll discuss the types of technologies and their uses in a small accounting firm office. Included will be:The networked office: connecting everything together for...

Already a member? log in here.

Upcoming CPE Webinars

Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.