If you have construction equipment that’s sitting idle in your yard, it’s costing you money to store, maintain and insure. Although a certain amount of downtime is inevitable when project workflow varies, you’re wise to look for ways you can put idle assets to profitable use.
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Topics: Advisory, Construction, equipment, Uncategorized
They say you can’t predict the future. Technically, that’s true — no one can say, within every minute detail, what will happen tomorrow. But, when it comes to their cash flow, contractors have to at least try.
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Topics: Advisory, cash flow, Construction, forecast, Uncategorized
Digging Deeper: Why Bankers Should Closely Examine Financial Restatements
Posted by bgoricki on Feb 12, 2017 5:34:54 PM
Businesses may reissue their financial statements for several reasons. Management might have misinterpreted the accounting standards, requiring the company’s external accountant to adjust the numbers. Or they simply may have made mistakes and need to correct them. But a financial restatement also can be a sign of incompetence — or even fraud. Bankers should examine financial restatements closely to accurately evaluate their borrowers’ situations.
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Topics: Advisory, Commercial Banking, Commercial Lenders, financial restatements, Uncategorized
How to Measure Liquidity Using the Cash Conversion Cycle
Posted by bgoricki on Feb 12, 2017 5:18:16 PM
Gauging liquidity — how quickly assets can be converted into cash — helps bankers anticipate whether a borrower will be able to make timely loan payments. To measure liquidity, bankers traditionally look to the balance sheet and compute the current or quick ratio. But there’s also another, lesser-known metric called the cash conversion cycle (CCC).
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Topics: Advisory, cash conversion cycle, Commercial Banking, Commercial Lenders, liquidity, Uncategorized
A SWOT Analysis Could Help Determine Whether Your Borrower is Worth the Risk
Posted by bgoricki on Feb 12, 2017 4:57:30 PM
A prospective borrower might seem solid until you perform an analysis of its strengths, weaknesses, opportunities and threats (SWOT). Suppose the SWOT assessment reveals that the company is vulnerable to competitors or potential threats, such as cyberattacks or financial fraud. Is it worth continuing to work with the borrower to fix these problems? Here’s some guidance to help you decide.
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Topics: Advisory, Commercial Banking, Commercial Lenders, SWOT analysis, Uncategorized
[[{"type":"media","view_mode":"media_large","fid":"2501","attributes":{"alt":"","class":"media-image","height":"167","style":"float: right; margin: 5px;","typeof":"foaf:Image","width":"250"}}]]Are you trying to decide whether to pursue a career in Tax or Audit, but neither one seems to be quite right for you? I was in the same position when I heard about a third option – Accounting and Advisory Services! What is it? Great question – keep reading to find out…
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Topics: Accounting, Advisory, Audit, Internship, Tax, Uncategorized
With three years of data under our belts and year-end numbers in, we’re happy to report that the Georgia manufacturing industry is on a very positive track, outpacing the Southeast and the nation with the state’s highest Purchasing Managers Index (PMI) performance since 2013. In fact, in nearly all of the manufacturing categories tracked by the PMI, Georgia manufacturing shows consistently strong performance.
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Topics: Advisory, Georgia manufacturing economy, manufacturing, manufacturing trends, PMI, Uncategorized
Federal regulators—the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC)—have increased their scrutiny of commercial real estate loans, urging lenders to strengthen terms amid fears of a real estate bubble. This is deterring small, local banks from issuing new loans, and many are selling off the loans they do own to PE firms, pension funds, foreign banks and other institutional lenders, according to The New York Times. Large banks are also retreating, as they can no longer count on selling portions of large loans to smaller banks.
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Topics: Advisory, investors, private equity, real estate, Uncategorized
Big Data is big-time ubiquitous in headlines across industries, but the real estate industry has been slow to take advantage. That’s all changing. Commercial real estate companies and REITs are embracing new technologies to harness the power of Big Data to elevate their investment and management strategies and optimize their operations.
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Topics: Big Data, Advisory, real estate, Real Estate Industry, REIT, Uncategorized
Construction Success Story: Going Green With the Latest Version of LEED
Posted by bgoricki on Jan 12, 2017 11:47:42 AM
The owner of a homebuilding company in an area known for its natural beauty recognizes the importance of sustainability. She’s diligently worked at qualifying and promoting her jobs as certified under Leadership in Energy and Environmental Design (LEED), but it isn’t easy keeping up with the evolving requirements.
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Topics: Advisory, Construction, Green Building, LEED, Uncategorized