BUSN 115 help Making Decisions/uophelp.com BUSN 115 help Making Decisions/uophelp.com | Page 72

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Accounting Firm
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?