Tax Preparation and Planning Services |
Medium and Large Businesses
CFO responsibilities for medium and large businesses:
...in the area of Business Strategy:
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Link critical success factors through implementation of strategic performance measurement system |
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Establish business unit/department annual operating plans |
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Create strategic financial models to evaluate growth opportunities |
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Implement departmental/individual performance measurement system to align organizational effort to strategic objectives |
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Link individual performance to compensation through performance-based bonus system |
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View entire Business Strategy process |
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...in the area of Accounting Management:
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Eliminate monthly accruals |
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Automate routine transaction processing where possible |
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Focus accounting function on production of predictive financial information |
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Finance should be fully integrated into strategic decision-making process |
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Focus should be on evaluating strategic opportunities |
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Should manage performance measurement system |
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View entire Accounting Management process |
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...in the area of Operational Planning:
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Create analytical tools that allow management to question the current business model |
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Develop real-time reporting system that produces financial information that allows decisions to be made between reporting periods |
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Create scenario & simulation financial models |
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Establish non-financial objectives to inspire vigorous effort to improve work |
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View entire Operational Planning process |
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See how to make continuous improvement an integral part of your business strategy and culture.
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