KnowledgeLeader Blog

Guide to Managing Mergers and Acquisitions KPIs

Posted by Protiviti KnowledgeLeader on Thu, Feb 08, 2018 @ 05:03 PM

mergers-acquisitions-300x201_0-1.jpgFew things can be as fraught with stress and complication for top executives and business owners as evaluating mergers and acquisitions. Some mergers are consummated to capitalize on new geographic or demographic markets, expand product offerings, facilitate the acquisition of key employees, boost productivity, reduce competition by absorbing a rival company, or even more long term strategies. Whatever the reason, the process and outcome must be measured to determine if it was successful in meeting business objectives.

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Topics: initial public offering, accounting/finance, performance management/measurement, KL Tools, Mergers & Acquisitions

What is Strategic Forecasting?

Posted by Protiviti KnowledgeLeader on Thu, Feb 01, 2018 @ 11:27 AM

Budgeting is a systematic process for:

  • Expressing future plans in formal quantitative terms
  • Allocating resources to achieve strategic goals
  • Monitoring progress toward goals
  • Controlling spending
  • Predicting cash flow and profits
  • Serving as a vehicle for communicating plans in an orderly manner throughout the organization
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Topics: audit planning, accounting/finance, KL Tools, budgeting

Improving Controls Through Integrated Business Planning

Posted by Protiviti KnowledgeLeader on Mon, Nov 13, 2017 @ 08:49 AM

Most organizations are struggling with a disconnect between financial planning and the planning that goes on in operations/production, which leads to challenges in execution of strategy and errors in planning. This makes it difficult for businesses in general (and CFOs in particular) to deliver predictable results. The goal of integrated business planning (IBP) is to connect these disjointed teams, currently planning in their own silos with limited regard for the business realities of the other teams. 

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Topics: performance management, internal controls, performance measurement, accounting/finance

Is Your Financial Close and Reporting Process Too Manual?

Posted by Protiviti KnowledgeLeader on Fri, Aug 25, 2017 @ 11:47 AM

Most organizations continue to invest a significant number of hours every month in a particular set of activities related to calculating, manipulating and validating critical financial reporting data using spreadsheets. Organizations should be asking whether this level of effort represents incremental value to the financial reporting process and whether this actually does needs to be done in spreadsheets.

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Topics: performance management, performance measurement, accounting/finance, financial reporting, close the books

Guide to Managing Large-Scale Business Projects

Posted by Protiviti KnowledgeLeader on Thu, Aug 10, 2017 @ 03:24 PM

It seems like everybody is wearing a lot more hats these days and finance leaders are no exception. Of course, this means that they are finding it increasingly difficult to balance the multitude of responsibilities and non-routine initiatives facing the finance function.

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Topics: performance management, project management, performance measurement, ERP, accounting/finance, change management

Close-the-Books Guide: Reduce Financial Close Risk

Posted by Protiviti KnowledgeLeader on Fri, Aug 04, 2017 @ 07:30 AM

A fast, close-the-books process provides multiple benefits for the finance function and for the company. First, a fast close process creates more time for finance professionals to focus on strategic activities for the company, such as identifying warnings in financial data and providing the corporation's financial direction. It also reduces the cost of the finance function, since fewer hours are needed to close the books. And it demonstrates that the company's controls and systems are well organized; the company sends the message to its competitors and to the investment community that it is expert at performing business processes.

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Topics: performance management, risk assessment, performance measurement, accounting/finance, financial reporting, close the books

Inventory Management Sample Process Interview Questions

Posted by Protiviti KnowledgeLeader on Fri, Jul 28, 2017 @ 08:23 AM

This extensive list of questions can be asked during an interview for an inventory audit.

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Topics: supply chain, vendor management, accounting/finance, accounts payable, inventory management, materials management

The Financial Consolidation Season is Quickly Approaching

Posted by Lark Scheierman on Thu, Dec 10, 2015 @ 09:12 AM

Financial consolidation is the process of combining the financial results of several subsidiary companies into the combined financial results of the parent company. During this process, business complexities arise, questions must be answered, and long hours are often clocked by employees in the accounting and finance departments. It’s also a good time to think about how to improve the internal control structure to keep the process running smoothly.

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Topics: accounting/finance, financial reporting, RCM, consolidation

Entity-Level Risk Assessment Audit Report

Posted by Sharise Cruz on Mon, Apr 20, 2015 @ 12:09 PM

Each month, we'll be giving our social media followers special access to download one of our most popular recently published tools. 

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Topics: compliance, free tool of the month, accounting/finance, IT controls

Control Objectives and Activities Guide

Posted by Sharise Cruz on Wed, Mar 18, 2015 @ 07:01 AM

Each month, we'll be giving our social media and blog followers special access to download one of our most popular recently published tools. 

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Topics: compliance, free tool of the month, purchasing & accounts payable, accounting/finance, IT controls

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