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Winning CFOs: Implementing and Applying Better Practices, with Website by David Parmenter

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APPENDIX E Checklist of Strategic Focus Areas

This checklist sets out the better practices that should be implemented once you have freed up time from implementing the initiatives set out in Appendices A to D. Many of these initiatives will leave a lasting legacy in your organization.

Key Tasks to Complete  
Throw Away the Annual Planning and Associated Monthly Budget Cycle  
Do you understand how to report without a monthly budget?x25A1_MathematicalPi-Six_9n_000100 Yesx25A1_MathematicalPi-Six_9n_000100 No
Have you read Jeremy Hope and Robin Fraser’s book, Beyond Budgeting?x25A1_MathematicalPi-Six_9n_000100 Yesx25A1_MathematicalPi-Six_9n_000100 No
Quarterly Rolling Planning/Forecasting (see Appendix G)  
Cost Apportionment  
Do you keep head office costs where they belong (e.g., avoid apportioning them to the business units)?x25A1_MathematicalPi-Six_9n_000100 Yesx25A1_MathematicalPi-Six_9n_000100 No
Is product costing kept for one-off exercises?x25A1_MathematicalPi-Six_9n_000100 Yes No
Ban Excel from Daily and Week Finance Team Routines ...

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