David’s Books & Free Media
Key Performance Indicators: Developing, Implementing, and Using Winning KPIs
Press Release | Get it from amazon.com | Electronic Templates | Reviews | Free Media
Pareto’s 80/20 rule for corporate accountants
Press Release | Get it from amazon.com | Electronic Templates | Reviews | Free Media
Jun
15
Vast amounts of management and accountants’ time are invested right across the country in this exercise. Yet, within months the whole exercise is revisited, and then forecasts are performed. Have you ever worked out how much is invested in the budget process? We estimate that for a hypothetical company with 500 staff, the personnel costs [...]
Jun
13
Nine Lessons When Implementing a Quarterly Rolling Forecast on a Planning Tool
June 13, 2007 | Leave a Comment
A recent study done in America indicated that over 80% of the organisations were expecting to have a rolling forecast in place in 2005. Why are our cousins in America so keen on a rolling forecast? I believe it is one of the most important management tools that has been greatly under estimated here in [...]
Jun
8
Article: Creating a dashboard for the Board
June 8, 2007 | Leave a Comment
David Parmenter states “Since the Board’s role is clearly one of governance and not of management it is, I believe, inappropriate to be providing the Board with the KPIs.” There is a major dilemma in most organisations that have boards over what information is appropriate for the Board, and what is not. In an earlier [...]
Jun
7
Convert your monthly reporting to a decision based tool
June 7, 2007 | 1 Comment
Many management reports are not a management tool, they are merely memorandums of information. Management reports as a management tool help with the alignment of behaviour in that the reports encourage action to take place, on a timely basis and in the correct direction. In other words, you need to measure and report on those [...]
Jun
5
[Article] How to implement month-end reporting in day 3 or less – Part two