Corporate accountants around the world have been making the same mistake, year after year. Based on David Parmenter's ground breaking book Pareto's 80/20 rule for corporate accountants, this course will give you a sound understanding of these mistakes and how to avoid them.
Speaker Details
David Parmenter BCom (hons), FCA, is an international presenter who has revolutionised month end reporting for organisations across all sectors. David is a leading expert in: the development of winning KPIs, replacing the annual planning process with quarterly rolling planning, quick month end proceses and converting reporting to a decision based tool. His KPI book has been a 'top ten' performance management book for three years. He has also worked for Ernst & Young, BP Oil Ltd, Arthur Andersen and Price Waterhouse.
The course will cover how to avoid the key accounting mistakes, which include:
- Having over 80 account codes for the P/L
- Only forecasting to year end
- Breaking down the annual plan into twelve before the year starts
- Making the finance team a miserable place to work
- Not investing enough effort and time into leadership
- Producing numbing monthly financial reports
- Reporting on the wrong performance measures
- Allowing month end reporting to go past three working days
- Investing in a complex G/L and upgrading unnecessarily
- Giving budget holders an annual entitlement
- Budgeting at account code level
- Taking months doing an annual plan - instead of ten working days
- Not producting daily/weekly decision based reports
- Letting Excel dominate the finance system
- Not investing enough in Accounts Payable
THIS COURSE IS RUN BY CIMA MASTERCOURSES
A comprehensive list of mistakes, along with a toolkit of answers and technqiues to avoid making them in your organisation.
6 CPD hours (for non CIMA members)