Accounting Management Process

CFO responsibilities in the accounting management process for:

...an emerging business:
    Create chart of accounts & general ledger
    Establish banking relationship
    Develop cash policies & procedures
    Reconcile balance sheet
    Complete emerging business strategic financial management

...a small business:

All of the emerging business fundamentals listed above, plus:
    Establish operating & capital budgets
    Create balance sheet account reconciliation process to prove accuracy of financial statements
    Complete comprehensive accounting policies & procedures
    Hire outside audit firm
    Complete small business strategic financial management

...a medium or large business:

All of the emerging and small business fundamentals listed above, plus:
    Eliminate monthly accruals
    Automate routine transaction processing where possible
    Focus accounting function on production of predictive financial information
    Finance should be fully integrated into strategic decision-making process
    Focus should be on evaluating strategic opportunities
    Should manage performance measurement system
    Complete medium and large business strategic financial management

Our experience
    7 years of experience in annual negotiations of US and foreign banking agreements
    Reduced annual budget cycle from 10 to 3 weeks for a mid-sized manufacturer
    Reduced month-end close from 7 to 2 days, year-end close from 4 to 2 weeks and annual audit from 5 to 2.5 weeks for $40 million company
    Eliminated labor, variance, job-step and WIP reporting; the use of work orders and MRO purchase orders for manufacturer
    Developed policies & procedures for start-up organizations
    Re-wrote accounting policies & procedures for nonprofit organization