Organized into two parts, Part 1 of Pareto’s 80/20 Rule for Corporate Accountants focuses on the areas where the finance team can score the easy goals, including month-end reporting, monthly reports, board reporting, annual planning, and managing debtors and clients. Part 2 discusses more wide ranging changes such as cost apportionment, best practices for using key performance indicators (KPIs), investing in accounting systems, and quarterly rolling planning.
Why spend months on an annual planning process you know is flawed? Why spend precious time on an annual report working on final numbers that were available the first week of the new year? Make the most of your efforts—discover the hidden potential of the 80/20 Rule and revolutionize both your effectiveness as a corporate accountant— and your career.
“If you really want to change from being an overburdened data processor, into an effective value-adding financial analyst, you must read this book. Pareto’s 80/20 Rule for Corporate Accountants shows you how to focus on the vital few activities that genuinely create and add value.”
—Harry Mills, author of The Rainmaker’s Toolkit and The Streetsmart Negotiator
“Most finance managers know that 80 percent of value creation comes from 20 percent of products, orders, customers, measures, reports and so on. In this timely book, David Parmenter helps you to find the “magic 20 percent” and transform not only your work (and career prospects!) but also the performance
of the whole organization.”
—Jeremy Hope, cofounder and Director of the Beyond Budgeting Round Table, and author of Reinventing the CFO
“Using these innovative ideas and practical tools will provide the busy accountant with a great opportunity to add value to the business by the provision of more relevant and timely information.”
—Ken Lever, Chief Financial Officer, Tomkins plc
“You don’t always need a grand plan or expensive new financial systems before you can significantly improve the performance of your finance function. Pareto’s 80/20 Rule for Corporate Accountants is a box of practical tools and techniques that will achieve quick payback by helping you remove bottlenecks and boost quality. Just open the box and pick the ones that suit you best.”
—Ian Niven, Director, Business Symmetrics Ltd