CPD Course Overview

Book This CPD Course Now

Venues & Dates:

Discount for multiple attendees for the same organisation

First Attendee - €300

All Subsquent Attendees - €275

For more information or to multiple reservations please contact Elizabeth on 059 9183888 or ecuddy@omnipro.ie.

What Will Be Covered?

Morning Workshop

20+ Crucial System Improvements All Corporate Accountants Can Do No Matter What Their Budget Is

Afternoon Workshop

Quick Month End Reporting – Day 3 Or Less

20+ Crucial System Improvements All Corporate Accountants Can Do No Matter What Their Budget Is

Corporate accountants are running teams that have procedures more akin with Charles Dickens that the 21^st century.  Whilst many organisations in the USA have been investing in technology and appropriate tools to create a truly paperless office, many of us have watched, as if disinterested or more likely confused.  What is appropriate? What should I implement?

The guessing is now over.  David Parmenter is back to inform, entertain and push us to accept and embrace technology in all the areas that effect the finance team, accounts payable, reporting, Board reporting, forecasting, intranet, sales reporting, costing systems etc

Far too often the accountants spend all their time and resources implementing yet another GL upgrade or replacement which at best generates little at worst or no decision based information.

The lack of appreciation of system enhancements will, if it has not already, become career limiting. This workshop will chart the pathway blazed ahead by far seeing corporate accountants in both hemispheres.

Learning highlights

• A paperless accounts payable
• Purchase card why the argument is irrefutable
• Reporting tools
• Forecasting tools
• Speeding up month-end systems without spending a cent
• Working with technology with your main customers and suppliers
• Maximising the use of the intranet

 Target audience

• Finance Directors, CFOs or financial controllers
• Financial accountants and management accountants
• Corporate service managers who have the accounting team reporting to them

Benefits of attending

Upon attending you will able to:

• pre select the likely system enhancement you should do in the next 1 to 3 years
• apply the lessons learnt from implementing these systems
• identify the building blocks to better practice 21^st century corporate accounting function
• explain to your management why your organisation should invest in these technologies
• recall participant better practices

Quick Month End Reporting – Day 3 Or Less

In these economically troubled times the finance team needs to lead from the front.  To do this they need to free up time from the accounting routines so they can be active business partners to management.

Organisations around the world are spending far too much time on month-end reporting where the real decision based reports are those issued daily and weekly.  In other words telling management the horse has bolted after month-end is too late.  David Parmenter has presented this course successfully to over 2,000 attendees.  It has had a profound impact across all sectors. If your month-end is slow this is a must attend course.

David states he has yet to find an organisation that cannot achieve day 3 reporting if they apply his methodology developed from the better practices of hundreds of fast reporting organisations.

David will explain that month end reporting by day one is being achieved by some leading organisations around the world. While day one reporting may not be a goal you wish to achieve, day three reporting may well be.  Attending this workshop will provide an impetus to shorten your month-end reporting process.  This is expected to be a well attended course so book early! David is known for his ability to facilitate sharing of ideas and practices by attendees.

Learning Highlights

• Review case studies on quick month end reporting (day one and virtual closing)
• The twelve steps for quick month-end processes next month will be covered in detail including:
  
  

1. 1. The reporting rules within the finance team
   2. Ban spring cleaning at month end
   3. How to avoid high processing of AP invoices at month end
   4. How to avoid late month-end inter-company adjustments
   5. The steps to ensure an early closing of the accounts payable ledger ,accruals ,accounts receivables, capital expenditure and inventory
   6. The key tasks from 5pm last day to 5pm first working day
   7. The flash report of the expected month-end numbers at the end of day one
   8. The key tasks from 5pm first working day to the final report

• What needs to be done in the next six months to get further efficiency gains
  
  

1. 1. Increase electronic interfaces with major suppliers
   2. Working more efficiently with suppliers
   3. Implement 21st century AP practices
   4. Avoid late time sheets
   5. Minimise budget holders’ month-end reporting
   6. Avoid the rewriting stage
   7. Replace monthly forecast with a quarterly forecast
   8. Improve budget holders’ co-operation
   9. Close on the same day each month
   10. Introduce a friendly front-end to the G/L
   11. Removing Excel from the month-end routines
       
       

• How to run a“post-it” re-engineering workshop on  your month-end processes
• Discuss & workshop the implementation issues of quick month-end reporting
• The connection to decision based reporting and quarterly rolling forecasts

Target audience

• Management accountants, and financial accountants who are involved in month-end reporting
• Finance directors, CFOs,  financial controllers
• Practitioners who need to prepare timely month-end reports for their larger clients

Learning outcomes

Upon attending you will able to:

• complete your month-end by three working days
• recall course material that has already helped organisations slice weeks out of their month-end routines
• identify the appropriate better practices to speed up month-end routines
• apply a step-by-step implementation work programme
• run an in-house workshop to “post-it” re-engineer month-end processes
• review, at your leisure, a comprehensive paper valued at over €120.

Who Should Attend?

• Management accountants,and financial accountants who are involved in month-end reporting
• Finance Directors, CFOs, Financial Controllers
• Practitioners who need to prepare timely month-end reports for their larger clients

Book This CPD Course Now

CPD Course Facilitator

David Parmenter - Waymark Solutions

David Parmenter is an international presenter who is known for his thought provoking and lively sessions, which have led to substantial change in many organisations. David 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. 

His work on KPIs has received international recognition through; an award from the International Federation of Accountants, the popularity of his webcasts on www.bettermanagement.com, and the success of his KPI book.

He has speaking engagements as far afield as Auckland, Wellington, Sydney, Melbourne, Brisbane, Adelaide, Canberra, Perth, Darwin, Darussalam, Kuala Lumpur, Singapore, Johannesburg, Jeddah, Tehran, Prague, Rome, Dublin, London, Birmingham, Manchester and Edinburgh. 

John Wiley & Sons Inc have recently published two books titled “Winning CFOs: Implementing and Applying Better Practices” and “The leading-edge Manager’s guide to success – strategies and better practices.  His “Key Performance Indicators – developing, implementing and using winning KPIs” is now in its second edition and is a best seller.

David has an in-depth understanding of better practices of corporate accountants across all sectors. David has also worked for Ernst & Young, BP Oil Ltd, Arthur Andersen, and Price Waterhouse.  David is a fellow of the Institute of Chartered Accountants in England and Wales.

He has written over 50 articles for the accounting and management journals.  He has won two ‘article of merit’ awards from the International Federation of Accountants. (2007 and 2009).  His published articles titles include: “Quarterly rolling planning - removing the barriers to success”, “Throw away the annual budget”, “Beware corporate mergers”, “Implementing a Balanced Scorecard in 16 weeks not 16 months”, “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”, “Quick month end reporting” “conquest leadership- lessons from Sir Ernest Shackleton”  etc.