David Parmenter will discuss the top 20 accounting blunders since Luca Paciolo first wrote about double-entry bookkeeping in 1494. David says, "As a failed corporate accountant – by that I mean I had to organize my own 'leaving do' – I feel particularly well qualified to deliver this Webcast."
This Webcast is designed to help corporate accountants from large multi-nationals to organizations with less than 200 staff. The top twenty mistakes include:
- Having over 80 account codes for the P/L
- Only forecasting to year-end
- Investing in a complex G/L
- Letting Excel dominate the finance system
- Giving budget holders an annual entitlement
- Budgeting at account code level
- Producing numbing monthly financial reports
- Reporting on the wrong performance measures
- Selling change by logic
- Using Julius Caesar's calendar as a reporting tool
- Not producing enough daily/weekly decision based reports
You can access David's accompanying white paper here.
About David Parmenter
David Parmenter is an international presenter and writer who is known for his thought-provoking observations and practical advice, which have led to substantial change in many organizations. 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.
Parmenter is the author of two books: Key Performance Indicators: Developing, Implementing,and Using Winning KPIs, and Pareto’s 80/20 Rule for Corporate Accountants.
Parmenter has delivered workshops to thousands of attendees, through many of the leading accounting Institutes, in cities around the world including Sydney, Melbourne, Kuala Lumpur, Singapore, Johannesburg, Dublin, London, Manchester, Edinburgh and Prague.
Parmenter has worked for Ernst & Young, BP Oil Ltd, Arthur Andersen, and Price Waterhouse, and he is a fellow of the Institute of Chartered Accountants in England and Wales.
Parmenter is on a mission to ‘change how leading organizations, around the world, measure and manage performance - by 2030’ and thus is sharing much of his intellectual property through workshops, web casts, audio seminars, articles, and papers with corporate accountants from around the world. You can visit www.davidparmenter.com to access further material.
