The Financial Controller and CFO's Toolkit

Zusammenfassung
Simplify and streamline your way to a winning legacy Winning CFOs is a hybrid handbook and toolkit with over 100 lean practice solutions and a wealth of practical tools for senior financial managers of small, midsized and large companies. This book outlines the mindset of paradigm shifters relevant to future-ready finance teams, and contains guidelines on how to become an effective change leader. Guidance from world leading expert David Parmenter provides the insight and tools you need to reach your true leadership potential and achieve more for your organization. Packed with templates and checklists, this book helps you adhere to the best practices in reporting, forecasting, KPIs, planning, strategy, and technology. The companion website--a complete toolbox for positive, entrenched change--gives you access to additional resources that reinforce the Winning CFO strategy. This new second edition has been updated to reflect the latest practices and technology to streamline your workflow and get more done in less time--without sacrificing quality or accuracy. As an all-in-one resource for the CFO role, this book provides a clear, practical strategy for demonstrating your value to your organization. Selling and leading change effectively Get more accurate information from your KPIs Attracting, recruiting and retaining talented staff Invest in and implement new essential tools * Investing wisely in 21st century technologies Report the month-end within three days, implement quarterly rolling forecasting, complete the annual plan in two weeks or less, and bring your firm into the 21st century with key tools that get the job done. Be the CFO that your organization needs and the leader that your teams deserve. Winning CFOs gives you everything you need to achieve more by doing less.

Inhaltsverzeichnis

About the Author ix Testimonials xi Introduction xiii Acknowledgments xxi PART I: CHANGE--WHY THE NEED AND HOW TO LEAD Chapter 1: Getting Your Finance Team Future Ready 3 Chapter 2: Leading and Selling the Change 17 PART II: TO BE COMPLETED BEFORE THE NEXT MONTH-END Chapter 3: Rapid Month-End Reporting: By Working Day Three or Less 29 PART III: TECHNOLOGIES TO ADOPT Chapter 4: Future-Ready Technologies 49 PART IV: PROGRESS YOU NEED TO MAKE WITHIN THE NEXT SIX MONTHS Chapter 5: Reduce Accounts Payable Volumes by 60 Percent 77 Chapter 6: Month-End Reporting Refinements 91 Chapter 7: Lean Reporting--Informatively and Error Free 101 Chapter 8: Lean Board Reporting 135 Chapter 9: A Lean Annual Planning Process--Ten Working Days or Less! 149 Chapter 10: Lean and Smarter Work Methods 177 Chapter 11: Effective Leadership, Growing and Retaining Talent 199 Chapter 12: Quick Annual Reporting: Within 15 Working Days Post Year-End 225 Chapter 13: Managing Your Accounts Receivable 245 Chapter 14: Attracting and Recruiting Talent 249 Chapter 15: Lean Accounting 265 PART V: HOW FINANCE TEAMS CAN HELP THEIR ORGANIZATIONS GET FUTURE READY Chapter 16: Implementing Quarterly Rolling Forecasting and Planning 281 Chapter 17: Finding Your Organization's Operational Critical Success Factors 315 Chapter 18: Getting Your KPIs to Work 327 Chapter 19: Reporting Performance Measures 351 PART VI: AREAS WHERE COSTLY MISTAKES CAN BE MADE Chapter 20: Performance Bonus Schemes 371 Chapter 21: Takeovers and Mergers 387 Chapter 22: The Hidden Costs of Reorganizations and Downsizing 399 Appendix A: Useful Letters and Memos 409 Appendix B: Rules for a Bulletproof Presentation 419 Appendix C: Satisfaction Survey for a Finance Team 427 Index 435

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Auteur

DAVID PARMENTER is an international presenter who is known for his thought-provoking and lively sessions resulting in substantial change in many organizations.

David is a leading expert on lean finance team practices, rolling forecasting and planning, and the development of winning KPIs. His work on KPIs is recognized internationally as a breakthrough in understanding how to make performance measures work. He has delivered interactive workshops in 31 countries over the last 20 years. Parmenter has worked for Ernst & Young, BP Oil Ltd., Arthur Andersen, and PricewaterhouseCoopers, and is a fellow of the Institute of Chartered Accountants in England and Wales. He is a regular writer for professional and business journals.

He is also the author of Key Performance Indicators: Developing, Implementing, and Using Winning KPIs; Key Performance Indicators for Government and Non Profit Agencies: Implementing Winning KPIs; and The Leading-Edge Manager's Guide to Success (all published by Wiley).

David Parmenter can be contacted via parmenter@waymark.co.nz or +64 4 499 0007. His website www.davidparmenter.com contains many white papers, articles, and the electronic version of all the templates in this book.

Texte du rabat

Simplify and streamline your way to a winning legacy Winning CFOs is a hybrid handbook and toolkit with over 100 lean practice solutions and a wealth of practical tools for senior financial managers of small, midsized and large companies. This book outlines the mindset of paradigm shifters relevant to future-ready finance teams, and contains guidelines on how to become an effective change leader. Guidance from world leading expert David Parmenter provides the insight and tools you need to reach your true leadership potential and achieve more for your organization. Packed with templates and checklists, this book helps you adhere to the best practices in reporting, forecasting, KPIs, planning, strategy, and technology. The companion website--a complete toolbox for positive, entrenched change--gives you access to additional resources that reinforce the Winning CFO strategy. This new second edition has been updated to reflect the latest practices and technology to streamline your workflow and get more done in less time--without sacrificing quality or accuracy. As an all-in-one resource for the CFO role, this book provides a clear, practical strategy for demonstrating your value to your organization. Selling and leading change effectively Get more accurate information from your KPIs Attracting, recruiting and retaining talented staff Invest in and implement new essential tools * Investing wisely in 21st century technologies Report the month-end within three days, implement quarterly rolling forecasting, complete the annual plan in two weeks or less, and bring your firm into the 21st century with key tools that get the job done. Be the CFO that your organization needs and the leader that your teams deserve. Winning CFOs gives you everything you need to achieve more by doing less.

Contenu

About the Author ix

Testimonials xi

Introduction xiii

Acknowledgments xxi

Part I: Change-Why the Need and How to Lead

Chapter 1: Getting Your Finance Team Future Ready 3

Chapter 2: Leading and Selling the Change 17

Part II: To Be Completed Before the Next Month-End

Chapter 3: Rapid Month-End Reporting: By Working Day Three or Less 29

Part III: Technologies to Adopt

Chapter 4: Future-Ready Technologies 49

Part IV: Progress You Need to Make Within the Next Six Months

Chapter 5: Reduce Accounts Payable Volumes by 60 Percent 77

Chapter 6: Month-End Reporting Refinements 91

Chapter 7: Lean Reporting-Informatively and Error Free 101

Chapter 8: Lean Board Reporting 135

Chapter 9: A Lean Annual Planning Process-Ten Working Days or Less! 149

Chapter 10: Lean and Smarter Work Methods 177

Chapter 11: Effective Leadership, Growing and Retaining Talent 199

Chapter 12: Quick Annual Reporting: Within 15 Working Days Post Year-End 225

Chapter 13: Managing Your Accounts Receivable 245

Chapter 14: Attracting and Recruiting Talent 249

Chapter 15: Lean Accounting 265

Part V: How Finance Teams Can Help Their Organizations Get Future Ready

Chapter 16: Implementing Quarterly Rol…