Financial Management Consulting

Stephen Friedheim II, retired CPA and CGMA

President

BACKGROUND:

FRIEDHEIM ADVISORY SERVICES, INC. - Houston, Texas

President - March 1989 to present

A financial and operational management advisory services corporation. Projects include: business valuation; business brokering; acquisition and divestiture analysis; cash management; establishing financial institution relationships; inventory controls; internal and external accounting controls; management and operational information systems; contract negotiation and management; information technology applications; establishment, implementation and monitoring of financial and operational goals; budgeting and projections; and strategic planning.

KING EDUCATIONAL SERVICES, INC. - Phoenix, Arizona

Executive Vice President - February 1988 to March 1989

A corporation owning and operating five proprietary post-secondary colleges teaching business, secretarial, travel, security, and barber styling courses.

ARIZONA EDUCATIONAL COLLEGES, INC. - Phoenix, Arizona

Director and Financial Advisor - January 1988 to June 1989

A corporation owning and operating eleven proprietary post-secondary colleges teaching cosmetology.

FRIEDHEIM & ASSOCIATES - Houston, Texas

Owner - October 1985 to February 1988

Financial management advisory services in a variety of industries, including proprietary schools, software development, manufacturing, computer services, law firms, aircraft design, and restaurants. Projects: cash management; internal accounting controls; management information systems; contract negotiation and management; investment analysis; pricing decisions; budgeting/projections; and strategic planning.

PRENTICE COLOUR, INC. - Houston, Texas

Director of Finance/Controller - February 1985 to October 1985

KPMG - PEAT, MARWICK - Houston, Texas

Manager - January 1979 to January 1985

A "Big Four" international accounting firm.

ORGANIZATIONS:

American Institute of Certified Public Accountants

Texas Society of Certified Public Accountants

Houston Chapter of the TSCPA

OTHER:

1990 AICS Conference "Presentation of Banking Relations/Preparing your School for Sale"

1991 SWAICS Convention Round-Table Participant

1991 CAPPS Annual Conference Instructor - Strategic Planning for a Proprietary School

1994 CCA Annual Conference Moderator - Corporate Training Strategies

1994 SEAPACS Annual Conference Presenter - Strategic Planning for Proprietary Schools

1994 SACS Annual Conference Presenter - "Fail to Plan and Plan to Fail"

1997 NCRAA Annual Conference Presenter - "Cash Management"

1997 MACS Presenter - Financial Stability Under the New Regulations

1999 CCA Presenter - Buying and Selling Schools  

Articles Authored:

1991 Author of various articles for CAPPS monthly newsletter

1992 Author of articles for:

Banks, Banking Relations and Accounting Techniques for Schools

Strategic Planning for a Proprietary School

How to Value a Proprietary School (Second Place Winner of the 1992 Idea Exchange Award by Work Force Communication)

1993 Author of articles for:

Strategic Planning An Example

Eliminate the Mystery and Misery of Audited Financial Statements

Don't Sign That Loan Just Yet! - Career Education

In Search Of ... An Understanding Bank for Your Future

How To Sell Your School

Everyone Hates to Get Old, But How Do You Feel About Aging?

1994 Author of articles for:

Accounting Policies and Procedures to Enhance Your Controls

What Is Your School Worth?

What's It Worth: Valuation Formulas for Buying or Selling a School

Price Positioning Your Contract Training Programs

1997 Author of articles for:

CCA's - The Link - The Deep Dark Secret That Your CPA Did Not Tell You

1999 Author of articles for:

Value and Other Considerations in Selling or Buying a Proprietary School

The Price Is Right: The Art & Science of Buying and Selling Career Schools