See Also: Cash Flow Statement Steps to Track Money In and Out of a Company How to Create Cash Flow Projections Thirteen Week Cash Flow Report Daily Cash Flow Forecast Use the Daily Cash Flow Report to report on the daily cash balance and to help manage cash on a weekly basis. This tool is especially useful
When we talk to people who have sales or operations backgrounds, we quickly pick up on their hatred/dislike/disdain/etc. for accounting. We get it. Accounting can be boring, especially if it’s not used for management purposes. But when we talk with the management team either in our coaching workshops or our consulting practice, we always implement
Whether in response to low oil prices or simply in an effort to run leaner, companies across the globe are cutting jobs. Last week, Chevron announced that it plans to lay off roughly 10% of its workforce, roughly 6000 to 7000 workers, in 2016 to deal with the plunge in crude prices. Deutsche Bank recently
Historically, CFOs have relied upon traditional financial statements to guide their decision-making. Today, the prevalence of more sophisticated accounting systems and the demand for more information more quickly has given rise to the need for different kinds of reporting. Here’s a list of 5 tools that can help give you manage cash, identify areas for improvement, and
In today’s fast-paced business world, most companies use some sort of dashboard or flash report to monitor and improve productivity and other key performance indicators. Despite their wide use, many are still confused on what exactly should be measured and what constitutes a key performance indicator. Using Flash Reports to Improve Productivity What often happens is
See Also: Flash Reports Normalized Earnings Continuous Accounting: The New Age of Accounting Collection Effectiveness Index Key Performance Indicators (KPIs) Definition Key Performance Indicators (KPIs) are defined as the key drivers of economic activity for a company In essence, KPIs measure the productivity of an organization. By performing a key drivers analysis of the most
See Also: Raise Inventory Turnover Ratio Economic Order Quantity LIFO vs FIFO Financial Ratios Days Inventory Outstanding Inventory Turnover Ratio Analysis Definition Inventory turnover ratio, defined as how many times the entire inventory of a company has been sold during an accounting period, is a major factor to success in any business that holds inventory.
See Also: Income Statement ProForma Financial Statements Flash Reports Definition The Flash Report or financial dashboard report is defined as a periodic snapshot of key financial and operational data. It’s a one-page report that helps management assess the key performance indicators of the company. There is an art to creating a flash report or dashboard report! Flash reports should cover the shortest
See Also: Accounts Payable Accounts Payable Turnover Days Sales Outstanding (DSO) Days Inventory Outstanding (DIO) How to Create Dynamic Cash Flow Projections Days Payable Outstanding Definition Days payable outstanding (DPO), defined also as days purchase outstanding, indicates how many days on average a company pay off its accounts payables during an accounting period. A useful tool
See Also: Inventory Turnover Ratio Inventory to Working Capital Ratio How to Manage Inventory Days Sales Outstanding (DSO) Days Payables Outstanding (DPO) How to Develop Daily Cash Report 13 Week Cash Flow Report Supply Chain and Logistics Days Inventory Outstanding Days inventory outstanding (DIO), defined also as days sales of inventory, indicates how many days
See Also: Business Driver Example Value Drivers: Building Reliable Systems to Sustain the Growth of the Business Cost Driver Market Positioning Are You Collecting the Data You Need to Run Your Business? Financial Position Business Drivers Definition Business drivers, defined loosely as the main factors and resources which provide the essential marketing, sales, and operational
See Also: Accounts Receivable Turnover Days Payable Outstanding Financial Ratios Operating Cycle Analysis Accounts Payable Turnover Definition The accounts payable turnover ratio indicates how many times a company pays off its suppliers during an accounting period. It also measures how a company manages paying its own bills. A higher ratio is generally more favorable as
JOIN THE NEXT STRATEGIC CFO™ WORKSHOP SERIES
Strategic CFO™ Financial Leadership Workshop
The Art Of The CFO®
August 7-10th, 2023
CONNECT WITH STRATEGIC CFO™
