Download CFO Techniques: A Hands-on Guide to Keeping Your Business Solvent and Successful PDF

TitleCFO Techniques: A Hands-on Guide to Keeping Your Business Solvent and Successful
File Size18.6 MB
Total Pages355
Table of Contents
                            Cover
	Contents
	About the Author
	About the Technical Reviewer
	Acknowledgments
	Introduction
What Is Special About Smaller Businesses?
	Flat Organizational Structures
	High Concentration of Duties
	Hands-On Management
	The Owner’s Proximity
Titles vs. Job Descriptions
	Accounting/Finance Manager
	Director of Accounting/Finance
	Controller
	Vice President of Finance
	Chief Financial Officer
The CFO’s Mission and Aspirations
	Your Mission
	Your Aspirations
Eight Balls You Must Keep in the Air
	Policies, Procedures, and Controls
	Capital Resources and Banking
	Cash Management
	Information, Analysis, and Reporting
	Accounting Management, Financial Statements, and Audits
	Risk Management and Compliance
	Strategic Planning
	Administration and HR
The Essential Knowledge Prerequisites
	Study of Corporate Structure
	Study of Operational Flow and Value Chain
	Study of the Organizational Chart and Functional Distribution
	Study of Existing Policies and Procedures
System of Internal Control and Company Policies
	Employee Policies
	Business Policies: Operations
	Business Policies: Finance and Administration
Generally Accepted Fiscal Policies
	Segregation of Duties
	Principles of Information Processing
	Physical Controls
	IT Security and Data Recovery
	Sarbanes-Oxley Act
Procedures for Quintessential Tasks
	Typical Procedure Layouts
	Notable Procedures
	Documenting Procedures
	The Importance of Scheduling
The Weakest Link
	Watch and Listen
	Common-Sense Tests
	Control Accounts vs. Transactional Totals
	Did You Lose Something?
	Cutoff Tests
	Company Performance Reviews
Controlling Commerce
	Cost Center Control
	Transactional Profitability Control
	A Few Words on Commissions
Options for Capital Financing
	Equity Investments
	Debt Financing
	Sales of Financial Interests
	Curious Financing Disguised As Revenue
Business Nature vs. Financial Resources
	Manufacturing, Mining, Utilities, and Construction Companies
	Trading Companies
	Logistics Companies
	Content Producers and Distributors
	Information
	Real Estate and Other Rentals
	Services
Soliciting Investors and Lenders
	Investment Bankers
	Angels and Venture Capitalists
	Private Equity Firms
	Lenders
Nurturing Financial Relationships
	Investor Relations
	What Makes Lenders Comfortable?
	Love Thy Banker
	Credit Line Renewal
The Gist of the Treasury Function
Cash Flow Projections
	Structural Concerns
	Inflows and Outflows: Principle of Conservatism
	Cash Forecasts Generated by Accounting Systems
Daily Cash Position
	Examples of Cash Position Reports
Managing Receivables and Payables
	Credit Receivables
	Credit Payables
Treasury Management Services
	Demand Deposit Account Services
	Receivables Solutions
	Merchant Services
	Payables Solutions
	Foreign Currency Management
	Payroll Management
Data Mining: Information Management, Analysis, and Reporting
Information Technology Decisions
	Software: Weighing Pros and Cons
	Popular Software Packages
	Final Considerations
	A Big Calculator
	Database and Analytical Functionality
	Visualization Tools
	Integration and Beyond
Executive Reports and Performance Analytics
	Theory of Executive Reporting
	Key Performance Indicators
	Dashboards and Other Visualization Concerns
The Importance of Segmental Analysis
	Principles of Segmental Analysis
	Segmental Chart of Accounts
	Allocation Hurdles
	To Shut Down or Not to Shut Down
Ad Hoc Reporting
Clean Books and Compliant Statements
	The Fundamentals
	Incoterms: The Recognition Tool
	Ever-Evolving Body of Regulations
Accounting Cycles and the Structure of Financial Statements
	Balance Sheets
	Income Statements
The Most Important Statement: Cash Flow
Choose Your Auditors Wisely
	Accounting Firm Selection Criteria
	Teach Them Everything You Know
What Guarantees Fast and Painless Audits
	The Audit’s Timing
	Preparation Is Key
	Instructions for Your Staff
	Make Auditors Feel Welcome
Insurable Risks
Commercial Risks
	Hedging
	Hymn to Diversification
Tax and Regulations Compliance
Principles of Strategic Planning
	Theory of Strategic Planning
	Practical Applications of Future-Planning Methods
	Get Your Voice Heard
Practical Modeling and Forecasting
	Cost/Benefit Analysis
	Modeling and Forecasting Simplified
	Emphasis on Sensitivity
New Ventures
	Checklist for a New Domestic Entity Setup
	Foreign Entity Concerns
Exit Strategies
	Business for Sale
	Family Business
	Winding Up
	Face the Reality
Acquisition of Human Resources
	Procurement Practices
	The Search Process
	The Interviewing Process
	What Am I Really Looking For?
Managing Human Resources
	Organizing Human Resources
	Development and Evaluation
	Employee Retention
The Behavioral Approach
Index
	A
	B
	C
	D
	E
	F
	G
	H
	I
	J
	K
	L
	M
	N
	O
	P
	Q
	R
	S
	T
	U
	V
	W, X
	Y
	Z
                        

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