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April 24, 2019

By Karl Kern, Accountant / Lecturer / Writer

A financial plan is a product used for guiding people’s actions toward the accumulation of wealth.  As a product a financial plan is created from a variety...

March 26, 2019

By Karl Kern, Accountant / Lecturer / Writer

The purpose of a statement of cash flows is to describe how businesses receive and spend money.  This purpose is seen as an end result of financial planning...

February 26, 2019

By Karl Kern, Accountant / Lecturer / Writer

The purpose of a balance sheet is to describe the resources that a business has and how those resources were acquired.  This purpose is seen as an end result...

January 15, 2019

By Karl Kern, Accountant / Lecturer / Writer

The purpose of an income statement is to describe the delivery of products or the provision of services. This purpose is seen as an end result of Financial...

December 18, 2018

By Karl Kern, Accountant / Lecturer / Writer

Karl Kern has a BBA degree in Accounting from Temple University, and an MBA degree with a concentration in Finance from Babson College. After graduating from Temple University Karl started a career where he has established a reputation as a problem solver. Karl’s reputation as a problem solver is based on his ability to create as well as implement initiatives that have helped organizations increase revenues, decrease expenses, and improve cash flows.

Karl’s ability to create as well as implement initiatives is due to being a well-read individual with exceptional organizational skills and passion. It is Karl’s passion that guides him to improve the lives of not only himself but also those around him.

LinkedIn account: https://www.linkedin.com/in/karlhkern/

In 1992 a professor named Robert Kaplan and a consultant named David Norton created a measurement system called The Balanced Scorecard.  A reason for creating The Balanced...

November 13, 2018

By Thorsteinn Siglaugsson, Consultant / Corporate trainer / Manager

 

When preparing the implementation of a planning and forecasting system I am often asked if we can just take the existing spreadsheet solution and squeeze...

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