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"Particularly in closely-held situations with family-owned businesses, what our owner does corporately affects his family. You need an accounting firm that understands that." - Scott Dunlop, LJK Companies, Inc.
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Olsen Thielen & Co., Ltd. publishes a bi-monthly newsletter designed to present information on business and tax matters in general terms for our clients. The O&T Adviser is written by the staff of Olsen Thielen & Co., Ltd. Please check out our latest edition.
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Utilities Key Services - IFMI
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IN A COMPETITIVE ENVIRONMENT YOU CAN'T AFFORD TO BE WITHOUT IT.
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TELECOMMUNICATIONS COMPANY
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Without Olsen Thielen
IFMI System
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With Olsen Thielen
IFMI System |
| Information Available |
Internal financial information or RUS Form 479, audited financial statements, other reports and information. |
5 Years of expanded information in one document, tied into audited financial statements and other information. |
| Decision Making |
Based on condensed information presented in conformance with generally accepted accounting principles. |
Based on expanded information with 5-year trends that can be updated annually. |
| Current |
Separate reports and financial statements. |
One document that summarizes information from various financial statements and the audit workpapers. |
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Additional benefits of the OT IFMI System for Telecommunications Companies:
- Provides overview of the Company’s financial operations for executive and board.
- Helps provide information for consultants.
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ELECTRIC DISTRIBUTION COMPANY
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Without Olsen Thielen
IFMI System
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With Olsen Thielen
IFMI System |
| Information Available |
Form 7, audited financial statements, other reports and information. |
5 Years of expanded information in one document, tied into audited financial statements and other information. |
| Decision Making |
Based on limited information. |
Based on total, accurate information with 5-year trends and always available. |
| Current |
Stand-alone information, not integrated. |
Updated annually with information from integrated audit workpapers and other information. |
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Additional benefits of the OT IFMI System for Electric Distribution Cooperatives:
- Provides overview of the Company’s financial operations for executive and board
- Streamlines the process in securing advice from consultants.
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Fo r more information on the IFMI product, please contact Rick Ehrich at 800-866-4521.
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