Abrigo
JUNE 4, 2015
Chances are, most business valuation professionals took accounting, finance or economic classes in college – courses that focused on areas to provide them general competency in their jobs today. It’s less likely that many of these valuation professionals took marketing classes , especially not one that incorporated the seismic shifts that have occurred in our digitally connected economy over the last decade.
Abrigo
JUNE 25, 2015
If you’re craving an omelet the next time you sit down at your favorite restaurant, you may need to reconsider your order. If eggs are even on the menu at your local haunt, your dish may carry a higher price tag than the last time you dined out. The egg shortage , brought about by a bird flu virus that wiped out nearly 50 million chickens (and turkeys) on commercial farms earlier this year, has left all parties – from the farmer to restaurateur and the consumer – impacted.
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Abrigo
JUNE 10, 2015
In late December, CNBC took a peek inside the bank branch of the future. The piece looks at one possibility – a faceless branch, where avatars take the place of tellers. CNBC said in the article, “Community-level banking, particularly from large institutions, will become more cost efficient and less personal.”. But is this what bank and credit union customers want?
Abrigo
JUNE 30, 2015
The attention on the FASB’s current expected credit loss (CECL) model has only increased in recent months, as the industry braces for the release of final guidance before the end of 2015. The CECL model will require banks and credit unions to consider expected losses rather than incurred losses. As a result, ALLL levels are expected to rise and institutions will face a one-time capital adjustment once guidance is effective.
Abrigo
JUNE 29, 2015
Over the past ten years, technological advances have made communications and on-demand services almost necessary for profitably relating to the world. Ultimately, goods and services have become highly customizable, and value propositions are tailored to the individual. These trends are not simply occurring within the consumer marketplace, but also in the way an employee views and relates to this or her employer.
Abrigo
JUNE 24, 2015
June and July have notoriously been the months that most firms use to attend accounting industry conferences. Though June is coming to a close, it is not too late to think through how your firm may be able to benefit from this time out of the office and away from clients. Above all, conferences will serve your firm by providing insight into your existing and potential service offerings and by opening up many networking opportunities for you and others from the firm.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Abrigo
JUNE 22, 2015
On June 18th, the board of the National Credit Union Administration (NCUA) unanimously approved five items , including a proposed rule aimed at modernizing member business lending (MBL). The rule would provide greater flexibility and autonomy for credit unions to better meet the needs of their members. Small business lending at credit unions has continued to increase over the last several years.
Abrigo
JUNE 18, 2015
In a recent Sageworks webinar, we explored the importance of sole proprietors and small business valuation teams maintaining a strong work and life balance. This balance is, in many ways, the core of their ability to be successful in their work. Like training for a high impact sport such as football, you must have a strong physical and mental core to win.
Abrigo
JUNE 17, 2015
According to recent data, lenders are seeing elevated agricultural loan demand largely as a result of tighter profit margins among producers. The report, from the Federal Reserve Bank of Kansas City , stated that demand could remain high since futures markets for fall crops show prices are likely to remain low because of the potential for another record harvest.
Abrigo
JUNE 12, 2015
Marketing your valuation business is more important than ever. With the rise of social media and other new communication techniques, industries that may have once been considered “traditional” must seek new ways to engage potential clients and to reengage existing clients. While many business professionals can still keep their companies afloat with a smile and a handshake, there is no doubt that the world has changed and will continue to do so.
Abrigo
JUNE 12, 2015
Agricultural lenders are reporting increases in non-performing farms loans and decreased farmland values, according to the latest Agricultural Lender Survey conducted by the Kansas State University Department of Agricultural Economics. Lenders reported that over the past three months, total farm dollar volume rose and is expected to increase in the short- and long-term for all categories.
Abrigo
JUNE 11, 2015
The main philosophy behind a global cash flow (GCF) is to spread all parts of a relationship (people, businesses and related real estate) to measure their financial health and cash flow individually, then collectively on a “global” level. The important take-away here is to try and view individuals, businesses and their real estate as a holistic, singular “net” cash flow from which the bank or credit union can determine the borrowers’ ability to pay debts.
Abrigo
JUNE 9, 2015
Memorial Day unofficially kicked off summer, a time of year that often prompts auditors to begin reflection on what type of accounting firm they want to be. Whether you went on vacation with friends or family for the long holiday or continued to work away in the office, your mind has likely been running to ways you can improve your accounting firm by implementing practices that will increase efficiency for the inevitable audit season.
Abrigo
JUNE 5, 2015
In a recent Forbes article, Frank Sorrentino, Chairman and CEO of ConnectOne Bank, offered his take on how financial institutions should flip their mindset on regulators and examinations. The piece, titled “Why Banks Should Stop Fighting and Learn To Love Regulators,” suggests that while institutions of all sizes are grappling with increased scrutiny and regulation, the reality is that it is here to stay following the financial crisis.
Abrigo
JUNE 2, 2015
For more than 30 years, the number one vehicle in America by sales is the Ford F-series line of trucks. More than three-quarters of a million were sold in 2014, continuing its reign as the top vehicle since 1981. The Toyota Camry, the first car on the 2014 list, ranked fourth overall with more than 428,000 new to the road. The top-selling SUV, the Honda CR-V, came in eighth among the most popular vehicles, according to automotive site Good Car Bad Car.
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