BUSN 115 Course Great Wisdom / tutorialrank.com BUSN 115 Course Great Wisdom / tutorialrank.com | Page 59

The senior partner of an accounting firm is looking for ways to
increase the firm’s business. What other services besides traditional
accounting can the firm offer to its clients? What new challenges
might this additional work create?
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BUSN 115 Week 7 DQ 2 Financial Control
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Financial Control

The company you cofounded last year is growing rapidly and has
strong prospects for an IPO in the next year or two. The additional
capital that an IPO could raise would let you hire the brightest people
in the industry and continue to innovate with new product research.
There is one potential glitch: You and the rest of the executive team
have been so focused on launching the business that you haven’t paid
much attention to financial control. You’ve had plenty of funds from
venture capitalists and early sales, so working capital hasn’t been a
problem, but an experienced CEO in your industry recently told you
that you’ll never have a successful IPO unless you clean up the
financial side of the house. Your cofounders say they are too busy
chasing great opportunities right now and they want to wait until right
before the IPO to hire a seasoned financial executive to put things in
order. What should you do and why?
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