Organizations around the world are spending far too much time on month-end reporting when the real decision-based reports are those issued daily and weekly. In other words, telling managers the horse has bolted after month-end is too late. Presenter David Parmenter has yet to find an organization that cannot perform day-three reporting by applying his methodology developed from the better practices of hundreds of fast-reporting organizations.
Leading organizations around the world, including in Australia, are already achieving month-end reporting by day one. While day-one reporting may not be your goal, day-three reporting may well be.
Parmenter has successfully presented this course to more than 2,000 attendees in Australia, Ireland, England and New Zealand. It has had a profound impact on all sectors.
Attending this seminar will provide an impetus to shorten your month-end reporting process. You’ll learn:
- What quick month-end reporting is and its benefits.
- About case studies on quick month-end reporting (day one and virtual closing).
- Practical steps to overcome the common bottlenecks of A/P close-off; accruals; budget holders’ variance analysis and commentary; journals; downloading GL reports to Excel, etc.
- How to re-engineer your month-end processes.
- The connection to decision-based reporting and quarterly rolling forecasts.
Target Audience
- Management Accountants, Financial Accountants and Accounting Technicians who are involved in month-end reporting
- Finance Directors, CFOs, Financial Controllers
- Corporate Service Managers to whom the accounting team reports
About David Parmenter
David Parmenter is the CEO of Waymark Solutions, a performance management company. He is an international presenter who is known for his thought-provoking and lively sessions, which have led to substantial change in many organizations. Parmenter is a leading expert in developing winning KPIs, replacing the annual planning process with quarterly rolling planning and converting reporting to a decision-based tool.
His work on KPIs has received international recognition. He has recently released a new book, Key Performance Indicators: Developing, Implementing, and Using Winning KPIs. His white paper on www.bettermanagement.com was the most downloaded paper in 2005 on that site.
Parmenter 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 member of the Institute of Chartered Accountants of New Zealand and is a fellow of the Institute of Chartered Accountants of England and Wales.
Parmenter has presented to more than 5,000 accountants covering Australia, Ireland, New Zealand and the UK. He has written more than 30 articles for accounting and management journals, including “Quarterly Rolling Planning – Removing the Barriers to Success,” “Throw Away the Annual Budget,” “Beware Corporate Mergers,” “Implementing a Balanced Scorecard in 16 Weeks,” “Convert Your Monthly Reporting to a Management Tool,” “Smash Through the Performance Barrier,” “Is Your Board Reporting Process Out of Control?” “Implementing Winning Key Performance Indicators” and “Quick Month-End Reporting.”
