Commonly used CoCoFiSt terms

CoCoFiSt
Common Cooperative Financial Statements, a CDS program for improving cooperative performance.

CoCoBud
A budgeting feature that, based on historical data, projects sales, margins, and payroll by department, as well as income statements, balance sheets, cash flows, ratios, capital budgets and loans for the next four quarters. A manager can then change assumptions to change the projections.

CoCoGap
This illustrates how much more profit a co-op could realize if it performed at benchmark levels.

CoCoSnips
The occasional email to CoCoFiSt members, highlighting important operating and financial news relevant to natural food cooperatives.

CoCoWorks
One or two-day work sessions involving department managers, designed to improve co-op operations by at least $5,000 per year.

CoCoNerd
Walden Swanson and winners of the coveted white plastic pocket protector award (CWPPPA).

CoCoPuffs
People who either aspire to be CoCoNerds, or need CoCo-Nerds, but don’t want to be one.

CoCoCoA
The preferred beverage of CoCoNerds, or Common Cooperative Chart of Accounts, available by downloading at no charge to CoCoFiSt participants.

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By |January 1st, 2011|Categories: Solutions|Tags: |

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