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

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APPENDIX I Streamlining an Annual Planning Process Checklist

Many accountants find themselves having to maintain an annual planning process even though they would rather be doing quarterly rolling planning. This checklist is designed to help make the antiquated process quicker and at the same time plant the seed for quarterly rolling planning. This checklist assumes you have a robust planning tool. Those working in Excel will need to add a prayer section to the checklist.

Key Tasks  
Run a Workshop to Analyze Pitfalls and Sell the Concept of Quarterly Funding  
1. Notify those who should attend.x25A1_MathematicalPi-Six_9n_000100 Yesx25A1_MathematicalPi-Six_9n_000100 No
2. CEO to send email stating permission is to be sought from CEO if not attending the annual planning workshop.x25A1_MathematicalPi-Six_9n_000100 Yesx25A1_MathematicalPi-Six_9n_000100 No
3. Lock in an agreement on the foundation stones:  
x25AA_MathematicalPi-Six_6n_000100 Bolt down your strategy and strategic initiatives first (e.g., have the senior management team gone on an executive retreat before the annual planning starts?). Yes No
There is no need to have a budget for every account code in ...

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