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Glenn Stanis

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VP Finance

8 points

Feb. 3, 2011

Glenn Stanis and 3 other people answered this question

What red flags are there in financial statements that indicate a business is in trouble?

Unfortunately, financial statements don't always provide the best picture of immediate financial health. I would want to see subsidiary reports showing a breakdown in cash and find out if any of it is restricted in any way. A receivables aging will tell if there are ... more

Accounting Financial Reporting

Accounting Software

Jan. 12, 2011

Glenn Stanis and 2 other people answered this question

Why don't people at the 90th percentile of income distribution feel rich?

Attitude. If someone is born into that income level, or exists within that level for a number of years, they most likely adopt a lifestyle and spending habits that rival the income. They don't feel rich because they are basically supporting their exhorbitant lifestyle. Take ... more

Income Distribution

Jan. 12, 2011

Glenn Stanis and 2 other people answered this question

I am young, live on my own and have a couple of extra bucks...what should I do?

My wife would disagree, tell you to invest in a number of targeted funds appropriate for your age, and continue to make contributions when possible to build a solid nest egg for yourself. After what I saw the past few years, my advice would be ... more

General Management

Dec. 17, 2010

Glenn Stanis is now following

Dec. 1, 2010

Glenn Stanis answered this question

How does immigration impact business and the economy?

In my opinion...
Controlled legal immigration can have a positive effect on the economy because you can bring in qualified individuals to fill jobs in certain areas while, in turn, they contribute tax support at all levels.
Illegal immigration creates a major burden on the ... more

Dec. 1, 2010

Glenn Stanis and 7 other people answered this question

Preparing End of Year Financial Statements Best Practices?

The 3 things I have found to be most important are:
Make sure the accounting staff has a closing schedule complete with responsibilities and due dates.
Create a check list of things I have to do for the closing process.
Start going through the books ... more

General Management

Business Finance

Nov. 30, 2010

Glenn Stanis and 23 other people answered this question

If a person wishes to become an effective senior leader, what traits should they develop?

The things I admire most in a leader are as follows:
They are honest in their effort to keep others apprised of things that effect them.
They have the ability to make decisions that are in the best interests of those around them, even if ... more

General Management

Leadership Development

Leadership Excellence

Leadership Qualities

Nov. 17, 2010

Glenn Stanis and 2 other people answered this question

What are the 'standard features' that any finance software should have?

When I evaluate financial software, I look a bit beyond the nuts and bolts and think about the implementation and ongoing use. Your software needs to have a logic to it that will make it easy to use and easy to teach to new employees. ... more

Information Technology

Business Finance

Finance Software

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