The goods in a retailer's premises and the resources it can offer a lender are different accounts. Finance has to make that distinction visible before the number travels.
The goods in a retailer's premises and the resources it can offer a lender are different accounts. Finance has to make that distinction visible before the number travels.
An acquisition's adjusted earnings should be tested against the operating model that will follow completion. Removing an owner's cost does not remove the work the owner performed.
Employee shareholders deserve a clear account of a smaller distribution. A CFO who owns shares should put the personal consequence beside the company's funding choice.