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

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6 months ago

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Minneapolis, MN, 28th June 2024, ZEX PR WIRE, Mike 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

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Press Release

King Kongin Energy Drinks: Solution Revolutionizing Performance and Wellness

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7 minutes ago

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January 13, 2025

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King Kongin, a cutting-edge name in the energy drink industry, proudly announces its sugar-free, zero-calorie energy drinks crafted for individuals who demand peak performance, sustained energy, and superior health benefits. With natural ingredients and bold, irresistible flavors, King Kongin is redefining what it means to energize brighter and cleaner.

The King Kongin energy drink collection offers three dynamic flavors—Watermelon Strawberry, Peach Mango, and Blue Raspberry—each powered by a premium blend of natural ingredients, including 200mg of natural caffeine, essential B vitamins, taurine, and antioxidants. These gluten-free, vegan-friendly beverages deliver sustained energy without artificial colors, sugar crashes, or unnecessary calories.

What Sets King Kongin Apart?

King Kongin energy drinks are meticulously formulated with health-conscious consumers in mind, blending cutting-edge science with natural nutrition to deliver exceptional results. Key features include:

  • Electrolytes & Essential Amino Acids: Promote hydration and muscle recovery.
  • Natural Caffeine from Green Tea: Enhances focus and alertness without jitters.
  • Taurine & Ginseng: Boost physical endurance and reduce fatigue.
  • Zero Sugar, Zero Calories: Perfect for maintaining an active, healthy lifestyle.

Flavors Tailored for Every Palate

  • Watermelon Strawberry: A refreshing fusion of sweet and tangy, perfect for staying calm and energized during intense workouts.
  • Peach Mango: Tropical goodness that combines juicy peaches and vibrant mangoes, ideal for any occasion.
  • Blue Raspberry: A harmonious blend of sweet and tart flavors packed with antioxidants for a revitalizing experience.

Energy with a Purpose

King Kongin is more than just an energy drink—it’s a lifestyle choice. Designed to power workouts, improve mental focus, and support an on-the-go lifestyle, King Kongin is perfect for athletes, students, professionals, and adventurers alike. Whether preparing for a workout, combating an afternoon slump, or pulling an all-nighter, King Kongin delivers clean, sustained energy that works as hard as you do.

Join the King Kongin Movement

King Kongin takes pride in fostering a vibrant community through its Brand Ambassador Program, welcoming passionate individuals who share the company’s vision of positivity, performance, and clean living. Ambassadors gain access to exclusive perks, content creation opportunities, and a platform to inspire others.

Sustainability and Social Responsibility

King Kongin embraces sustainable practices with environmentally friendly packaging and responsible sourcing as part of its commitment to a healthier planet. By choosing King Kongin, consumers contribute to reducing their ecological footprint while enjoying premium energy solutions.

Available Now

King Kongin energy drinks are available in convenient 12-packs of 12 fl. oz. cans. To learn more, explore the full range of flavors, and make your purchase, visit the official website at www.kingkongin.com.

About King Kongin

King Kongin is an innovative energy drink brand committed to delivering clean, powerful, and delicious solutions for those who seek optimal performance and wellness. By combining natural ingredients, science-backed formulas, and exceptional taste, King Kongin redefines the energy drink experience.

Contact Media : 

Website URL : https://kingkongin.com/

Email: saleskingkongi@gmail.com

Facebook:https://www.facebook.com/kingKonginEnergy

Instagram https://www.instagram.com/kingkonginenergy/

Youtube https://www.youtube.com/channel/UCr8jmFFPg_R7ijpetbrhu2g

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Press Release

LFG Inc. Partners with GlobiancePay to Launch the LFG Debit Card with Staking Rewards

Published

18 hours ago

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January 12, 2025

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LFG Inc., a leader in bridging decentralized and traditional finance, has partnered with GlobiancePay to launch the LFG Debit Card. This innovative debit card allows users to seamlessly spend their digital assets at any merchant that accepts debit card payments worldwide, including ATM access, making it a powerful tool for integrating cryptocurrency into daily transactions.

GlobiancePay to Launch the LFG Debit Card

GlobiancePay is a NeoBank that offers a comprehensive suite of services for businesses of all types.

GlobiancePay’s wide range of banking, payment, and financial features empower businesses with digital and traditional payment solutions that can be tailored to specific needs. Additional business features include; Tokenized securities, securities launchpad, and business ‘Cloud Banking’ with direct deposits. Quick-access deposit widgets, white-label services, and customizable card programs enable businesses to incorporate their distinct brand identity onto customized cards and white-label products.The LFG Debit Card introduces an exciting new feature: access to the Gala Staking Program. Black Card holders can now stake $GALA tokens, unlocking rewards and deepening their engagement with the Gala ecosystem.

Uniting Web2 and Web3 for Practical Adoption

Oliver Marco La Rosa, CEO of GlobiancePay, shared his excitement for the partnership:

“Our collaboration bridges reliable financial infrastructure with the versatility of Web3. Together, we’re making it simpler and safer for users to utilize their digital assets in everyday transactions.”

Jason ‘Bitbender’ Brink, CEO of LFG, noted:

“The LFG Debit Card, in partnership with GlobiancePay, is a significant step toward mainstream crypto adoption. This card brings the practicality of crypto to people’s daily lives, powered by the transparency and security of blockchain technology.”

Three Card Options to Suit Every User

Designed for diverse user needs, the LFG Debit Card offers three options, each benefiting the Gala ecosystem through GALA token burning:

– LFG Black Card: A premium card offering exclusive benefits, including access to the Gala Staking Program, fee-free global transactions, and a sleek, professional design.

– LFG Orange Card: A physical card for everyday convenience, supporting seamless crypto-to-fiat transactions worldwide.

– LFG Virtual Credit Card: A digital-first card perfect for online shopping and contactless transactions, offering instant issuance and global usability.

Key Features

  1. Gala Staking Rewards: Black Card holders can stake $GALA tokens to earn valuable rewards, fostering community engagement and amplifying user incentives.
  2. Global Acceptance and ATM Access: Usable at any merchant that accepts debit cards, with full ATM access worldwide.
  3. Enhanced Security: Visa-backed multi-layered security ensures every transaction is protected with features such as real-time fraud detection and multi-factor authentication.
  4. Flexible Loading Options: The card supports a variety of cryptocurrencies, including Bitcoin, Ethereum, $GALA, Tether USDT, Solana, and more. Each card type offers unique fee structures tailored to user needs.

A New Path for the Gala Staking Pool

A portion of each crypto loading fee will be directed to the Gala staking pool, enhancing rewards for users while contributing to the ecosystem’s growth. This model underscores LFG’s commitment to aligning with Web3 principles, creating a cycle of value and utility for the Gala community.

With Visa’s global network and GlobiancePay’s expertise, the LFG Debit Card empowers users to seamlessly integrate cryptocurrency into their daily lives, combining the ease of Web2 with the transformative power of Web3 technology.

For More Information

Visit: https://debit.lfg.inc/support-form

Join our community on Discord for the latest updates and to connect with other users.

Refer to our step-by-step guide: Complete Guide to Getting Started with LFG Cards

Media Contact:

Contact person: Oliver larosa (CEO)

Email: olr@globiancepay.com

Website: www.globiancepay.com

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Press Release

SCHOLAR RECEIVE NOMINATIONS FOR A NOBEL PRIZE IN PEACE AND LITERATURE

Published

1 day ago

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January 11, 2025

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Dr. Thomas Luke, Ph.D., received a double nomination for the prestigious 2025 Nobel Prize in Peace and Literature.

Prof. Luke’s articles have appeared in peer-reviewed academic journals including The Doctrine of Eternal Security: A Reflection on Perseverance of the Saints and Geography of the Bible: Exploring the Physical and Historical Context of the Old Testament Scriptures.

The Least of These, second edition: has received the 2025 Nobel Prize in Peace Nomination, and his Ph.D. dissertation, Transformational Theology, has also recently been nominated for the 2025 Nobel Prize in Literature Nomination.

“I am humbled to have been nominated for such a prestigious prize, even if I do not win. I also want to thank my loving wife and ministry partner Johana for being another great blessing in my life.

Luke and his wife Johana Carolina Sopacua, MA work together as ministry partners in Bali, Indonesia where they were recently married in October 2024. The nominations for the Nobel Prize in Literature and Peace serve to underscore their dedication to doing good works the world over.

For more information, please visit Dr. Luke’s website: DrLuke.tv  

About the Nobel Prize Organization

The Nobel Foundation is tasked with a mission to manage Alfred Nobel’s fortune and has ultimate responsibility for fulfilling the intentions of Nobel’s will.

www.nobelprize.org

Media Contact

Organization: DrLuke.tv

Contact Person: Dr. Thomas Luke, Ph.D.

Website: https://drluke.tv/

Email: Send Email

Contact Number: +17868330570

City: Miami

State: Florida

Country: United States

Release Id: 11012522419

The post SCHOLAR RECEIVE NOMINATIONS FOR A NOBEL PRIZE IN PEACE AND LITERATURE appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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