About

In these economically troubled times the finance team needs to lead from the front. To do this they need to free 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.  

This course has had a profound impact across all sectors. It will explain how 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.

Outline

The course will cover:
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. Improve budget holders’ co-operation
9. Introduce a friendly front-end to the G/L
10. Removing Excel from the month-end routines

LEARNING OUTCOMES
•  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
•  Use better practice templates (provided electronically to all course attendees) to report financials and performance measures to management and the staff
•  Run an in-house workshop to “post-it” re-engineer month-end processes
•  Review, at your leisure, the comprehensive white paper with electronic media valued at NZ$250.

Facilitator

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 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.  

David has speaking engagements as far afield as Auckland, Wellington, Sydney, Melbourne, Brisbane, Adelaide, Canberra, Perth, Kuala Lumpur, Singapore, Johannesburg, Dublin, London, Birmingham, Manchester and Edinburgh.  
He has also worked for Ernst & Young, BP Oil Ltd, Arthur Andersen, and Price Waterhouse.  

David has an in-depth understanding of better practices of corporate accountants across all sectors. He has worked for Ernst & Young, BP Oil Ltd, Arthur Andersen, and Price Waterhouse.   He is a fellow of the Institute of Chartered Accountants in England and Wales.

David Parmenter has spent most of his career working in Finance. His book gives you tried-and-tested practical tools and techniques that will achieve quick payback by helping you remove bottlenecks whilst improving the performance of your finance function. His recommendations can be applied right anyway without any major system changes.

David Parmenter is also facilitating:

• David Parmenter: Decision based reporting: Producing reports that make a difference

In-house Training