Winning CFOs: Implementing and Applying Better Practices, with Website

APPENDIX E Checklist of Strategic Focus Areas

This checklist sets out the better practices that should be implemented once you have freed up time from implementing the initiatives set out in Appendices A to D. Many of these initiatives will leave a lasting legacy in your organization.

Key Tasks to Complete
Throw Away the Annual Planning and Associated Monthly Budget Cycle
Do you understand how to report without a monthly budget?	Yes	No
Have you read Jeremy Hope and Robin Fraser’s book, Beyond Budgeting?	Yes	No
Quarterly Rolling Planning/Forecasting (see Appendix G)
Cost Apportionment
Do you keep head office costs where they belong (e.g., avoid apportioning them to the business units)?	Yes	No
Is product costing kept for one-off exercises?	Yes	No
Ban Excel from Daily and Week Finance Team Routines ...