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Nine Lessons When Implementing a Quarterly Rolling Forecast on a Planning Tool

1.Abandoning processes that do not work.
2. Ownership of project is in-house
3. Forecasting at category level rather than account code level.
4. Adopting a fast light touch
5. Using a planning tool
6. Linking to current and future strategic issues and drivers
7. Separating targets and realistic forecasts.
8. A bottom-up process that is done quarterly.
9. Designing the planning tool with […]

By |November 6th, 2010|Comments Off on Nine Lessons When Implementing a Quarterly Rolling Forecast on a Planning Tool

10+ traits of successful CFOs

 

Never before has the role of the CFO been more complex, multi faceted and rewarding. The CFO is now juggling more balls in the air than ever before, in front of an audience that is more demanding and knowledgeable.

What makes the difference from average to good and from good to great performance?

In this article I […]

By |November 6th, 2010|Comments Off on 10+ traits of successful CFOs

The top twenty mistakes corporate accountants make each year

The twenty major blunders finance teams make, year-in and year-out are as follow:

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. Taking months doing an annual plan –when it […]

By |November 6th, 2010|Comments Off on The top twenty mistakes corporate accountants make each year

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The top twenty mistakes corporate accountants make each year

As a failed corporate accountant, by that I mean I had to organise my own ‘leaving do’, I feel particularly well qualified to write this article. I have however discovered many better practices, from accountants across the world, as that is what I do for […]

By |October 30th, 2010|Comments Off on Articles