Financial Administration
Joshua C. Feldman has extensive experience managing the financial operations of companies. He has served in the capacity of CFO and VP of Finance. He is especially adept at getting financial reporting functions to operate in a timely fashion. He has performed in both turnaround management and crisis management engagements. He has been responsible for financial reporting both in industry and in public accounting. He has prepared GAAP statements, Income Tax based statements, and statutory insurance statements. He also has implemented and managed the budgeting process at several companies.
His approach to engagements is to most effectively use existing systems. This brings rapid improvement at minimized costs. Techniques utilized include strengthening internal controls , training staff on improved skill sets to improve productivity and expand data availability, and process documentation.
Internal controls improvements make financial information more reliable and reduce the risk of fraud. Establishing responsibility for processes, and routinely verifying data, such as bank account reconciliation enhance the qualtiy of your company's financial information. Appropriately segregating job responsibilities reduces the risk of employee fraud.
Training of staff on improved techniques improves productivity and also raises worker self-esteem and job satisfaction. At one company workers were trained on downloading of financial information into Excel spreadsheets to cut the time producing sales tax reports in half. The company worked in multiple states and some states have multiple tax districts and rates. Mr. Feldman has served as the in-house on Microsoft Excel, Word, and Outlook, and has familiarity with a number of other software packages including QuickBooks.
Process documentation is useful because it accelerates the training of new staff. The generation of documentation increases the understanding of accounting functions and can often highlight areas of improvement either by eliminating unecessary steps or adding procedures to improve internal control and reliability. The end product demonstrates to auditors and lenders that management is dedicated to efficient operation.