Corporate accountants around the world have been making the same mistakes, year-in year-out. Why is it that we spend months on an annual planning process that we know is flawed? Why is it we spend many days preparing a monthly report that is informing management well and truly “after the horse has bolted”? Why do we produce a 30+ page finance report for the senior management team? Why do we budget at account code level?

With the economic downturn corporate accountants need to find more time to help their organisations in a more proactive way. This workshop will enlighten and encourage controllers, CFOs, management and financial accountants to avoid these major mistakes. This course is based on extracts from David Parmenter’s ground breaking book “Winning CFOs: Implementing and Applying Better Practices” which covers the better practices from ‘winning’ finance teams around the world.

These 4*90 min webinars are based on David Parmenter’s ground breaking book “The Financial Controllers and CFO’s Toolkit” which covers the better practices from “winning” finance teams around the world.

Around the world some exceptional corporate accountants have questioned the status quo and implemented practices that have revolutionised the value the corporate accounting team can generate. These successful corporate accountants spent more time in the 20% of issues that really matter and have been ruthless with the time the team spends on the 80% of issues that are less important. In other words they apply Pareto’s principle.

Content:

1. Having over 80 account codes for the P/L
2. Only forecasting to year-end
3. Breaking down the annual plan into twelve before the year starts
4. Giving budget holders an annual entitlement
5. Budgeting at account code level

6. Allowing month-end reporting to go past three working days

7. Producing numbing monthly financial reports

8. Reporting on the wrong performance measures

9. Not producing daily/ weekly decision based reports

10. Spending months on the annual accounts

Target audience:

Finance Director, CFO or Financial Controllers and all corporate accountants in all sectors. Consultants and practitioners who offer services to corporate accountants.

Benefits of attending

Upon attending you will be able to:

• apply the lean concepts to your accounting function
• commence changing the major ineffective processes finance teams commonly use
• redesign your report formats that will make a difference to management based on the case studies covered in the course
• cut days out of your month-end processes – immediately
• complete fast forecasts and plans
• review, at your leisure, the comprehensive white paper with electronic media valued at NZ$250.

Event Organizers and Professional bodies

This course is now delivered via webinars.  Please complete the enquiry form.

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 webinar. Please complete the enquiry form.

Availability

David Parmenter is able to deliver webinars at short notice.

Event Organizers and Professional bodies

If this course is relevant to your clients / members, please complete the enquiry form or email to gilchrist@waymark.co.nz.

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 gilchrist@waymark.co.nz.

Availability

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