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Management Consulting Services Accounting:
- Prepare financial statements and supporting schedules
- Analyze and Reconcile Accounts
- Prepare Closing of accounting period
- Prepare Statistical Analyses
- Reconcile Bank Accounts
- Prepare Payroll & Sales Taxes Returns
- Review Payables to capture discounts
Auditing: Internal Audit:
Perform internal audit within any organization by examining operational evidence
to determine whether prescribed procedures have been followed:
- Verify management review of internal accounting controls
- Check asset protection, verify count cycles, and tags of fixed assets - Verify separation of duties and record keeping from production,
warehousing, operations and sales
- Verify use of generally accepted accounting policies
- Verify timeliness of bank deposits, and prompt recording of receipts
- Test for reliability of accounting system
- Verify random/routine checks and verification of balances
- Examine accountability for asset changes in quantity, quality and location
- Verify reliability of purchasing/procurement system, and related controls
External Audit:
Perform external audit of any business, public or private, and any non-profit
organization, leading to the expression of a professional opinion which lends
credibility to the assertion under examination:
- Test accounting records and controls to verify compliance with
generally accepted accounting practices
- Verify original source documents by random testing
- Prove cash balances
- Physically test counted inventories
- Verify account balances with vendors and customers
- Determine adequacy of internal controls
- Determine validity of financial statements
Sox Audit :
Management Assessment of Internal Controls, in terms of Sarbanes Oxley Act
2002, Section 404:
- Ascertain level of internal administrative controls
- Focus on operational efficiency
- Verify adherence to management policy
- Ascertain proper authorization of transactions for purchases,
disbursements, hiring, etc
- Examine approved budget, cash flow, and official plan
- Verify adherence to Purchasing & Procurement procedures
- Examine vendor payment procedures, and verify purchase discounts
- Investigate Pricing methods and Cost tabulation
- Verify authorization of sales discounts
- Review Receivable collection procedures
- Check authorization of bad debts
- Analyze Inventory movement, recording of issues and receipts, spoilage records
- Review calculated excess inventory on hand
Personnel Audit:
Perform administrative audit of all personnel records:
- Review Personnel administration files - Review hiring and firing procedures - Examine supervision of employees - Verify fiduciary bonds - Verify rotation of key employees and mandatory vacations - Examine complaints related to Affirmative Action, Disabled and
handicapped persons
- Examine complaints related to Discrimination, and Sexual Harassment - Review Employee policies and procedures - Review Employee training programs Lender's Audit:
- Verify compliance with lender's covenants - Examine borrower's books of records for changes to existing system - Verify accuracy of stated assets and liabilities - Conduct verification of debtors and creditors - Check cash and bank balances and reconcile with books - Physically verify fixed assets and inventories and reconcile with books - Verify whether borrower has experienced any recent changes in business
volume or competitive status
- Check for any significant changes in borrower's industry and market
conditions
Bankruptcy: - Steer business through Chapter 7, 11 and 13 situations - Prevent Bankruptcy
- Handle close-out sale of assets and inventories - Negotiate work-out with lender
Business Plans and Budgets: - Develop short term Operating Plan for following year.
- Develop long term Strategic Plan for next five years. - Write up detailed narratives to supplement statistical data included in plans - Develop departmental budgets for each month in plan year
- Prepare itemized cash flow to carry out business operations - Develop monthly control figures to compare actuals versus plan - Compute outlook for remainder of current operating year
Collections: - Monitor Accounts Receivables
- Set up Collection Programs
Computerization of Office: - Assist in transition from manual systems to computers
- Link internet to business needs
Conflict Resolution: - Resolve conflicts by arbitration
- Use Phrenology and Physiognomy to understand traits and weaknesses
of people in negotiations
Controller Functions: - Act as interim-Controller in organization
- Perform all functions of Financial Controller
Provide interim management and other consulting services to early stage
growth companies:
- Set up financial policies, procedures and systems
- Perform financial due diligence
Family-Owned Businesses:
- Provide advisory services to family owned small-businesses
- Handle Equity matters - Handle
- Oversee Mergers & Acquisitions
Forensic Accounting: Analyze, interpret, summarize and present complex financial and business related issues in a manner which is both understandable and properly supported in a court of law, for insurance purposes, banks, police forces, government agencies and other organizations, as follows:
- Investigate and analyze financial evidence
- Analyze and present financial evidence using computers
- Use reports, exhibits, and other formats to communicate findings
- Assist in legal proceedings and provide litigation support
- Testify in court as an expert witness
- Prepare visual aids to support trial evidence
General Management:
- Generally manage all functions in organization
- Provide leadership to all department heads
- Report periodically to owners and/or board of directors
- Handle Labor Union Negotiations,
- Provide Management Training and Development for staff
- Resolve Management issues with employees
- Trouble shoot, including problem solving, and decision making
- Monitor adherence to management policy
- Ensure separation of duties and record keeping within organization - Improve Operational Efficiency - Negotiate Office/Factory Lease
- Relocate Office/Factory to new facilities.
Human Resources: - Set up Employee Policies Manual. - Handle Personnel Administration - Set up Recruitment & Termination Procedures - Prepare payroll for organizations - Develop procedures that promote adherence and compliance with
laws to prevent discrimination against race, religion, color, sexual
preference or physical disability
Import/Export: Set up business to import and/or export any type of goods or services Inventory Management: - Conduct Physical Verification of Inventory (Random/Complete) - Compute new Inventory value based on counted results - Inventory Accounting Investment Processing Zones: - Obtain approval for new business to be located in tax-free zone - Operate approved IPZ businesses Marketing: - Provide Direct Marketing Methods to get Clients - Clarify Indirect Marketing Methods to get Clients - Develop avenues for Marketing to Public Sector Mergers and Acquisitions: Perform due diligence studies on potential business to be merged or acquired Non-Profit Organizations: - Fundraising - Prepare Grant Applications
- Perform Program Evaluations
- Initiate Fund Accounting
- Perform internal audits of non-profit organizations
- Perform Program audits
- Verify adherence to stated goals and objectives
- Examine fund accounting restrictions for non-profit agencies
Outsourcing: Assist organizations to outsource preferred activities overseas Pension Plans: - Set up Pension Plan tailored made to fit your organization
- Distribute funds to participants
Pricing Products and Services:
- Review pricing of products and services
- Compare current pricing to market, competition and industry
- Examine cost components for accuracy
Problem Solving: - Perform Trouble shooting - Identify and Define Central Problem - List Relevant Factors, Alternatives and Conclusions - Making Recommendations - Subconsciously Solve Client’s Problems Procurement/Purchasing Systems: Set up Purchasing & Procurement Systems to pay on time and
capture discounts.
Project Management: - Planning & Scheduling Projects - Project Development Schedule - Develop PERT Chart Proposal Writing: - Write Proposals - Convert Proposal into Contract Public Administration: Provide variety of services to organizations involved in public administration Real Estate Development: - Provide advisory services on purchase, repair and sale of “fixer-upper” property - Obtain financing for property development - Provide advisory services on democratization of management - Set up participatory style of management involving teachers, parents and
students
Small Businesses: Provide variety of services tailor made for a small business
Start-up Companies: - Assist in creation of new business - Advise on legal structure and other necessities - Obtain business license, resale permit, and employer identification number - Obtain Fictitious Name Registration - Set up Use of Credit Cards - Assist in printing Stationery & Business Cards - Obtain Insurance & Personal Liability - Obtain telephone, fax and modem for computer - Set up budgets, and develop books and records
Teaching: Conduct classes, design curriculum, and order text books at local universities and colleges
for the following courses:
Accounting
Management
Organizational Behavior Personnel Administration Philosophy Political Science Public Administration
Training Seminars: Conduct seminars and training workshops for small businesses and non-profit organizations in Management Development and other topics including the following: - Accounting including Payables, Collecting Receivables, and Payroll - Financial Reporting and Analysis, Budgeting and Forecasting - Human Resource issues including Hiring, Firing, Discipline, - Leadership and Team building, Supervisory Techniques, and Delegation - Management Development Programs focused on Women - Communication, Writing Skills, Telephone Skills - Project Management, Multiple Priorities and Projects, Multiple Locations - Organization Skills, Secretarial skills, Front Desk, Customer Service - Marketing, Selling, Surveys - Purchasing, Warehousing, Inventory Management, Negotiating Treasury Functions: - Handle Banking Relations - Negotiate working capital with lenders - Manage overall Cash activity Please Note: Services could be billed in a manner convenient to the client, and could be computed using any of several methods, ranging from complex criteria based on performance, profit sharing, cost savings, and goals, to a more simplified computation based on hours worked. In its most simplified form, pricing for services rendered could vary from $ 40 to $ 100 per hour, depending on the nature and complexity of the tasks involved. |
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©2006 (Los Angeles Management Consultants). All Rights Reserved.
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