Dannible/McKee and Associates, Ltd. Principal Hosts Webinar on Financial Ratio Analysis and Managing Your Firm For Profitability

Do your internal financial reports provide all of the information needed to most effectively manage your firm? Could decision making be improved if better financial analysis were performed? In conjunction with Axium, Victor W. Vaccaro, CPA/ABV, CFF, CDA, principal with Dannible/McKee and Associates, Ltd. presented an online webinar "Financial Ratio Analysis and Managing Your Firm for Profitability" which examines various ways to improve your internal financial reporting including the use of ratio analysis and industry benchmarking techniques that will allow you to better manage your firm for profitability.

Utilizing only the balance sheet and income statement for internal financial reporting is not sufficient. Calculating and analyzing financial ratios can help to identify trends within your firm as compared to your history and to the industry. Financial statements for A/E firms should first be formatted in the specific format common to industry. This will allow for computation of ratios specific to A/E firms and facilitate comparison to excellent available sources of industry ratios and financial data.

This webinar explains how to calculate key ratios specific to A/E firms including the Net Multiplier, Total Payroll Multiplier, Utilization Rate and various categories of Overhead Rates. Mr. Vaccaro also covers other ratios useful in managing your firm such as Days in Accounts Receivable and Work in Process, Current Ratio, and Debt to Equity Ratio. This webinar discusses what these ratios mean and how they can be used to develop business strategies, measure progress toward the Firm's goals and objectives, and achieve greater profitability.

To view an archived version of this informative webinar, please click here.

About Dannible/McKee and Associates, Ltd.

Dannible/McKee and Associates, Ltd. provides business valuation, ownership transition, expert witness testimony and litigation support, strategic planning, financial management and employee benefit consulting to professional service firms across the country. In addition, the company teaches national seminars on business valuation and ownership transition to members of professional service firms.  Visit our website for more information.

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