This workshop is part of the “lean accounting” movement that is gaining momentum around the world. No longer can we lock the finance team into inefficient processes that limit the added value the finance team is contributing. Finance team around the world have freed up time from the accounting routines so they can be active business partners to management.

Organisations around the world are spending far too much time on month-end reporting where the real decision based reports are those issued daily and weekly. In other words telling management the horse has bolted after month-end is too late. David Parmenterhas presented this course successfully to over 2,000 attendees. It has had a profound impact across all sectors. If your month-end is slow this is a must attend course.

David states he has yet to find an organisation that cannot achieve day 3 reporting if they apply his methodology developed from the better practices of hundreds of fast reporting organisations.

David will explain that month end reporting by day one is being achieved by some leading organisations around the world. While day one reporting may not be a goal you wish to achieve, day three reporting may well be. Attending this workshop will provide an impetus to shorten your month-end reporting process. This is expected to be a well attended course so book early! David is known for his ability to facilitate sharing of ideas and practices by attendees.


  • Review case studies on quick month end reporting (day one and virtual closing)
  • The twelve steps for quick month-end processes next month will be covered in detail including:
  1. The reporting rules within the finance team
  2. Ban spring cleaning at month end
  3. How to avoid high processing of AP invoices at month end
  4. How to avoid late month-end inter-company adjustments
  5. The steps to ensure an early closing of the accounts payable ledger ,accruals ,accounts receivables, capital expenditure and inventory
  6. The key tasks from 5pm last day to 5pm first working day
  7. The flash report of the expected month-end numbers at the end of day one
  8. The key tasks from 5pm first working day to the final report
  • What needs to be done in the next six months to get further efficiency gains
  1. Increase electronic interfaces with major suppliers
  2. Working more efficiently with suppliers
  3. Implement 21st century AP practices
  4. Avoid late time sheets
  5. Minimise budget holders’ month-end reporting
  6. Avoid the rewriting stage
  7. Replace monthly forecast with a quarterly forecast
  8. Improve budget holders’ co-operation
  9. Close on the same day each month
  10. Introduce a friendly front-end to the G/L
  11. Removing Excel from the month-end routines
  • How to run a “post-it” re-engineering workshop on your month-end processes
  • Discuss & workshop the implementation issues of quick month-end reporting
  • The connection to decision based reporting and quarterly rolling forecasts

Target audience:

  • Management accountants, and financial accountants who are involved in month-end reporting
  • Finance directors, CFOs, financial controllers
  • Practitioners who need to prepare timely month-end reports for their larger clients

Learning outcomes:

Upon attending you will able to:

  • complete your month-end by three working days
  • recall course material that has already helped organisations slice weeks out of their month-end routines
  • identify the appropriate better practices to speed up month-end routines
  • apply a step-by-step implementation work programme
  • run an in-house workshop to “post-it” re-engineer month-end processes

review, at your leisure, a comprehensive paper valued at over A$180.

Event Organizers and Professional bodies

If this course is relevant to your clients / members, please complete the enquiry form or email to

Booking an in-house course

If you have over eight staff that would benefit from this course, it is financially viably to run this in-house. Please complete the enquiry form or email to


David Parmenter travels on at least five major speaking tours a year. It is highly likely that a mutually convenient date can be found.



David Parmenter

David Parmenter is an international presenter who is known for his thought provoking and lively sessions, which have led to substantial change in many organisations. He has spoken in over 30 countries and in most continents in the world. Besides delivering in-depth workshops he has been a keynote speaker for the IBM Finance Forum, The World Capability Congress, TEC Malaysia, Profiles International Romania. David is a leading expert in: the development of winning KPIs, replacing the annual planning process with quarterly rolling planning, quick month-end processes and making reporting a decision based tool.

John Wiley & Sons Inc have published his four books, including “Winning CFOs: Implementing and Applying Better Practices”, “The leading-edge Manager’s guide to success – strategies and better practices” and “Key Performance Indicators – developing, implementing and using winning KPIs”.

David has also worked for Ernst & Young, BP Oil Ltd, Arthur Andersen, and Price Waterhouse. David is a fellow of the Institute of Chartered Accountants in England and Wales.

He has written over 50 articles for the accounting and management journals. He has won two ‘article of merit’ awards from the International Federation of Accountants. (2007 and 2009). His published articles titles include: “Quarterly rolling planning – removing the barriers to success”, “Throw away the annual budget”, “Beware corporate mergers”, “Implementing a Balanced Scorecard in 16 weeks not 16 months”, “Convert your monthly reporting to a management tool”, “Smash through the performance barrier”, “Is your board reporting process out of control?” “Implementing winning Key Performance Indicators”, “Quick month end reporting” “Conquest leadership- lessons from Sir Ernest Shackleton” etc.







CPD Hours: Up to 3.5 hours