Connect with us

Press Release

Mike Pocrnich: A Seasoned Finance Professional Bringing 20 Years of Expertise to Financial Analysis

Published

on

Minneapolis, MN, 28th June 2024, ZEX PR WIREMike Pocrnich, a seasoned finance professional, leverages over 20 years of expertise in non-profit accounting, auditing, and financial analysis. With a Bachelor’s degree in Accounting from St. John’s University, he has built a career that blends technical prowess with strategic insight.

Residing in the Minneapolis metro area, Mike enjoys outdoor activities and spending time with his wife, daughters, and their family dog. His journey began at CliftonLarsonAllen as a Senior Auditor, where he managed non-profit audits, crafted internal controls, and mentored new auditors while also conveying complex financial data to organizational leaders.

As a Finance Manager at Element Financial Advisory, Mike excels in providing CFO and Controller services to a broad array of clients. He is adept at building financial forecasts, steering state and federal grant processes, and consulting on organizational financial strategies. His previous tenure as a Controller at Beltz, Kes, Darling & Associates required similar strategic oversight, with additional responsibilities like conducting annual audits and supporting client financing efforts.

With a comprehensive skill set in managing teams and nurturing client relationships, Mike’s leadership is underscored by his high emotional intelligence and communication skills. He manages financial operations, including accounts payable and payroll, with a keen eye for compliance and efficiency. Mike’s consistent application of accounting standards such as GAAP, FASB, and GASB over the past two decades cements his reputation as a detail-oriented and forward-thinking financial strategist. He is a dynamic asset for any entity aiming to refine their fiscal operations and pursue financial excellence.

What Is Financial Analysis?

Financial analysis is the process of evaluating businesses, projects, budgets, and other finance-related transactions to determine their performance and suitability. Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to warrant a monetary investment.

Key Takeaways:

  • Internal Financial Analysis: Helps fund managers make future business decisions or review historical trends for past successes.
  • External Financial Analysis: Assists investors in choosing the best possible investment opportunities.
  • Types of Financial Analysis: Fundamental analysis uses ratios and financial statement data to determine the intrinsic value of a security. Technical analysis focuses on trends in value over time.

Understanding Financial Analysis: Financial analysis is used to evaluate economic trends, set financial policy, build long-term plans for business activity, and identify projects or companies for investment. This is done through the synthesis of financial numbers and data. A financial analyst will thoroughly examine a company’s financial statements—the income statement, balance sheet, and cash flow statement.

Corporate Financial Analysis: In corporate finance, the analysis is conducted internally by the accounting department and shared with management to improve business decision-making. This includes ratios such as net present value (NPV) and internal rate of return (IRR) to find projects worth executing. Tracking days sales outstanding (DSO) helps companies with large receivable balances identify the length of time it takes to turn a credit sale into cash.

Investment Financial Analysis: In investment finance, an external analyst conducts an analysis for investment purposes. Analysts can either conduct a top-down or bottom-up investment approach. A top-down approach looks for macroeconomic opportunities and then drills down to find the best companies within that sector. A bottom-up approach looks at a specific company’s financial health, analyzing financial statements, products, services, supply, and demand.

Financial analysis is only useful as a comparative tool. Calculating a single instance of data is usually worthless; comparing that data against prior periods, other general ledger accounts, or competitor financial information yields useful information.

Types of Financial Analysis

Financial analysis for equity investments can be categorized into two primary types: fundamental analysis and technical analysis.

Fundamental Analysis

Fundamental analysis involves evaluating financial statements to derive ratios, such as earnings per share (EPS), to assess a company’s value. By analyzing these ratios and considering the broader economic and financial context surrounding the company, analysts can determine the intrinsic value of a security. This intrinsic value is then compared with the security’s current market price to identify if it is undervalued or overvalued.

Technical Analysis

Technical analysis focuses on statistical trends derived from trading activities, like moving averages (MA). This method operates on the premise that a security’s price already reflects all publicly available information. Instead of examining a security’s fundamental attributes, technical analysis aims to predict market movements by identifying patterns and trends in stock prices and volumes.

Horizontal vs. Vertical Analysis

When analyzing a company’s financial statements, horizontal and vertical analysis are two prevalent methods. Both use the same dataset but approach it differently.

Horizontal Analysis

Horizontal analysis involves comparing financial data across several years. One year is designated as the baseline, usually the oldest, and subsequent years’ accounts are compared to this baseline. This method highlights which accounts are growing (e.g., revenue) and which are shrinking (e.g., expenses).

Vertical Analysis

Vertical analysis compares every line item on a financial statement to a specific benchmark, typically net sales. For instance, a company might compare the cost of goods sold, gross profit, operating profit, or net income as percentages of net sales. This analysis helps track how these percentages change over time.

Examples of Financial Analysis

In Q1 2024, Amazon.com reported a net income of $10.4 billion, a significant increase from $3.2 billion in Q1 2023. Analysts can use this data for corporate financial analysis. For example, Amazon’s operating profit margins can be calculated as follows:

  • 2024: $15,307 million operating income / $143,313 million net sales = 10.7%
  • 2023: $4,774 million operating income / $127,358 million net sales = 3.7%

From Q1 2023 to Q1 2024, Amazon’s operating margin increased, indicating the company earned more operating income per dollar of sales.

Why Is Financial Analysis Useful?

Financial analysis is crucial for determining whether an entity is stable, liquid, solvent, or profitable enough to justify investment. It helps evaluate economic trends, set financial policies, develop long-term business plans, and identify viable investment projects or companies.

How Is Financial Analysis Conducted?

Financial analysis is performed in both corporate and investment finance settings. Analysts meticulously review a company’s financial statements, including the income statement, balance sheet, and cash flow statement. A common method is calculating financial ratios to compare a company’s data with that of other companies or its historical performance. In corporate finance, this often involves projecting past performance metrics, like net earnings or profit margins, to estimate future performance.

About Mike Pocrnich: Mike Pocrnich is a finance professional with over 20 years of experience in non-profit accounting, auditing, and financial analysis. He holds a Bachelor’s degree in Accounting from St. John’s University and resides in the Minneapolis metro area.

For more information or to schedule an interview with Mike Pocrnich, please contact:

Mike Pocrnich

https://mikepocrnich.com/

http://www.elementfinancial.com

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Benefits Of Best Spring Break Deals With Go Blue Tours

Published

on

    

Go Blue Tours welcomes you on board with spring break deals. So why choose us? Find out why getting the best spring break deals is the smartest choice for your next vacation.

In an increasingly digitalized world full of cloned options lacking empathy, trusting experts who know the destinations, the best routes, and the most authentic experiences becomes invaluable. We not only offer comfort and security but also provide endless advantages, from customizing itineraries to support unforeseen situations.

We will explore the reasons why choosing spring break deals can be the key to enjoying each adventure to the fullest, guaranteeing us an unforgettable and worry-free experience.

Experience and knowledge

One of the main advantages of our best spring break deals is that we have experience and knowledge in the industry. We know popular destinations, best routes, accommodation options, and tourist activities. This means we can offer you recommendations and advice based on their experience, helping you plan a more complete and satisfying trip.

Saving time and effort

Spring break deals can save you time and effort. By trusting us, we will take care of organizing all the details of the trip for you. In addition, we will work based on your tastes, preferences, and needs, ensuring that the trip is personalized and satisfactory for you.

Knowledge and Access to offers and discounts 

Making the most of our best spring break deals provides knowledge and access to offers and discounts. It is evident that the main promotional campaigns are launched through the media to reach the general public. However, you have access to and knowledge of last-minute promotions that are not advertised. 

Assistance and support during the trip

One of the advantages of seeking spring break deals is that you will receive assistance and support throughout your trip through a team of collaborators. If any problems or setbacks arise, such as flight cancellations or plan changes, you can count on the help to resolve them quickly and efficiently. In addition, we offer active customer service, giving you peace of mind and security during your travel experience.

Local knowledge

We have local contacts and collaborators in the destinations. This means we can provide information and advice on local culture, customs, the best places to visit, and restaurant recommendations. Access to this local knowledge can enrich your travel experience and allow you to immerse yourself more in the culture and lifestyle of the place you visit.

Organizing activities and excursions with guarantees

If you want to do specific activities or excursions during your trip, with our best spring break deals, we can help you organize them. We book tickets for popular tourist attractions, guided tours, and plan activities tailored to your interests and preferences. This will allow you to make the most of your travel time and ensure that you don’t miss out on any important experiences and that you don’t fall into the clutches of profiteers who want to rip you off.

Safety and peace of mind

Traveling with us also gives you safety and peace of mind. We are registered and regulated. This gives you protection and guarantees that you are dealing with a reliable and professional company. In addition, travel insurance protects you in case of medical emergencies or other setbacks.

Coverage for unforeseen events

In the past circumstances and in the event of a change of scenario, such as confinement, we offer coverage and assistance in case repatriation is necessary.

Your spring break with GO BLUE TOURS!

Discover the spring breaks in complete freedom thanks to our best spring break deals! Discover at your own pace. Among our selection of trips, you will find itineraries developed by our specialists, which you can book as they are offered or adapt according to your wishes on the advice of our experts. 

Travel the picturesque roads or set off to conquer the secret route. Visit the Highlands and discover the extraordinary landscapes of these lands adorned with numerous castles and a history made of legends!

The formula is simple  

pre-established programs designed to allow you to see everything by covering a reasonable distance each day with hotels planned at each stage. Our advisors can also select suitable excursions with you to enhance your trip daily.

Media Contact

Company Name: Go Blue Tours

Contact Person: Gerardo

Email: tours@gobluetours.com

Phone: 18552246258

Address: 200 Broadway

City: Lynnfield

State: Massachusetts

Country: United States

Website: https://gobluetours.com

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

School Trips To Washington, DC, with Landmark Educational Tours

Published

on

School trips to Washington, DC, by Landmark Educational Tours are not just about fun and games; they’re also a unique educational opportunity. Students can visit historical landmarks, museums, and government institutions, gaining a deeper understanding of American history and politics. 

Washington, DC, tours for students offer hands-on learning experiences that can significantly enhance their academic knowledge and critical thinking skills. We must not forget that human beings are social beings, so school trips to Washington, DC, tend towards interaction and coexistence with others.

Why Washington, DC tours for students 

Traveling is a very rewarding experience with your classmates. When organizing school trips to Washington, DC, many questions arise regarding the destination, accommodation, financing…etc. One of these questions is whether we want to travel in a group. Of course, the experience of traveling alone is very different from traveling in a school group, and we will analyze the benefits of school trips to Washington, DC.

Company

during school trips to Washington, DC, surrounding yourself with companions will make it very difficult for you not to feel accompanied at all times and will allow you to share good times and experiences with them. When you travel with students who share the same enthusiasm, you will not have time to get bored because when one person is short of ideas, there will always be someone else who comes up with a good plan.

There will always be someone there when you feel like having a conversation, perhaps while you are queuing to enter a museum or ride an attraction, turning all those moments that can be tedious into more enjoyable ones. And when the day is over, it is great to be able to share impressions and chat about the experiences you have had. You will also be able to expand your circle of friends and form stronger bonds of friendship with your companions.

Fun

Our school trips to Washington, DC, are a guarantee of fun. It’s a non-stop party with games and laughter, making every moment a cherished memory. Exploring new places with friends is also different, and it is usually much more enjoyable, especially if you share hobbies or interests with them.

There is usually more atmosphere and parties are more fun when more people are in the company. In addition, on an end-of-year trip, everything is usually organized in advance, so you only have to worry about enjoying yourself.

Savings

Washington, DC, tours for students are not just about companionship; they’re also a smart financial decision. The total cost of a trip is considerably reduced when it is done in a group. You can save a lot of money by taking advantage of group discounts at tourist and cultural sites, on transport passes, sharing a taxi, or dividing the travel costs between more people.

Tickets for shows, excursions, guides, restaurants… group trips save money. In addition, booking a group trip is usually cheaper than booking it individually.

Security

Washington, DC tours for students provide a sense of security and safety. Students’ vulnerability is significantly reduced, as there is always strength in numbers. Many potential thefts and mishaps are avoided when a group of people looks out for each other, providing a reassuring sense of security.

The trip also provides the added security of having everything planned and foreseen in advance: travel insurance, accommodation, visits, transfers… etc. Our team at Landmark Educational Tours prioritizes student safety and takes all necessary precautions to ensure a secure and enjoyable trip.

Initiative

Sometimes, we don’t dare to undertake a trip on our own, and being able to do it with classmates is an incentive that gives us that bit of courage we need. Whether through lack of courage or laziness, we can miss out on an unforgettable experience that we would otherwise not have had if it were not for the fact that we did it with more people.

Some popular attractions for student tours in Washington DC include the following: 

  • The Smithsonian Museums
  • The White House
  • The United States Capitol
  • The National Archives
  • The National Mall
  • The National Museum of African American History and Culture
  • The Newseum

Our Washington, DC tours for students are an initiative. The solution is to take a group trip, which provides confidence to those who are less adventurous. 

Media Contact

Company Name: Landmark Educational Tours

Contact Person: Gerardo

Email: hello@landmarkedutours.com

Phone: (888) 886-2781

Address: 1 Central Street, Suite 205

City: Middleton

State: MA

Country: United States

Website: https://landmarkeducationaltours.com/

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

School Trips To Washington, DC, with Landmark Educational Tours

Published

on

School trips to Washington, DC, by Landmark Educational Tours are not just about fun and games; they’re also a unique educational opportunity. Students can visit historical landmarks, museums, and government institutions, gaining a deeper understanding of American history and politics. 

Washington, DC, tours for students offer hands-on learning experiences that can significantly enhance their academic knowledge and critical thinking skills. We must not forget that human beings are social beings, so school trips to Washington, DC, tend towards interaction and coexistence with others.

Why Washington, DC tours for students 

Traveling is a very rewarding experience with your classmates. When organizing school trips to Washington, DC, many questions arise regarding the destination, accommodation, financing…etc. One of these questions is whether we want to travel in a group. Of course, the experience of traveling alone is very different from traveling in a school group, and we will analyze the benefits of school trips to Washington, DC.

Company

during school trips to Washington, DC, surrounding yourself with companions will make it very difficult for you not to feel accompanied at all times and will allow you to share good times and experiences with them. When you travel with students who share the same enthusiasm, you will not have time to get bored because when one person is short of ideas, there will always be someone else who comes up with a good plan.

There will always be someone there when you feel like having a conversation, perhaps while you are queuing to enter a museum or ride an attraction, turning all those moments that can be tedious into more enjoyable ones. And when the day is over, it is great to be able to share impressions and chat about the experiences you have had. You will also be able to expand your circle of friends and form stronger bonds of friendship with your companions.

Fun

Our school trips to Washington, DC, are a guarantee of fun. It’s a non-stop party with games and laughter, making every moment a cherished memory. Exploring new places with friends is also different, and it is usually much more enjoyable, especially if you share hobbies or interests with them.

There is usually more atmosphere and parties are more fun when more people are in the company. In addition, on an end-of-year trip, everything is usually organized in advance, so you only have to worry about enjoying yourself.

Savings

Washington, DC, tours for students are not just about companionship; they’re also a smart financial decision. The total cost of a trip is considerably reduced when it is done in a group. You can save a lot of money by taking advantage of group discounts at tourist and cultural sites, on transport passes, sharing a taxi, or dividing the travel costs between more people.

Tickets for shows, excursions, guides, restaurants… group trips save money. In addition, booking a group trip is usually cheaper than booking it individually.

Security

Washington, DC tours for students provide a sense of security and safety. Students’ vulnerability is significantly reduced, as there is always strength in numbers. Many potential thefts and mishaps are avoided when a group of people looks out for each other, providing a reassuring sense of security.

The trip also provides the added security of having everything planned and foreseen in advance: travel insurance, accommodation, visits, transfers… etc. Our team at Landmark Educational Tours prioritizes student safety and takes all necessary precautions to ensure a secure and enjoyable trip.

Initiative

Sometimes, we don’t dare to undertake a trip on our own, and being able to do it with classmates is an incentive that gives us that bit of courage we need. Whether through lack of courage or laziness, we can miss out on an unforgettable experience that we would otherwise not have had if it were not for the fact that we did it with more people.

Some popular attractions for student tours in Washington DC include the following: 

  • The Smithsonian Museums
  • The White House
  • The United States Capitol
  • The National Archives
  • The National Mall
  • The National Museum of African American History and Culture
  • The Newseum

Our Washington, DC tours for students are an initiative. The solution is to take a group trip, which provides confidence to those who are less adventurous. 

Media Contact

Company Name: Landmark Educational Tours

Contact Person: Gerardo

Email: hello@landmarkedutours.com

Phone: (888) 886-2781

Address: 1 Central Street, Suite 205

City: Middleton

State: MA

Country: United States

Website: https://landmarkeducationaltours.com/

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST