Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Ten Questions
That a CFO
Should Ask Their
Controller
Marc Linden,
CFO, Intacct
Ken Cucarola,
CFO, Teachscape
Gregg Leach,
...
Meet Your Panelists
• Moderator: Marc Linden, CFO, Intacct
• Ken Cucarola, CFO, Teachscape

• Gregg Leach, CFO, Able Engin...
Areas of Questioning

Make my business
more efficient

Drive performance
and growth



Process automation



Track true ...
Controls

Questions to ask
1.

Who has access to what functionality in
the accounting system? How is that
documented? Who ...
Efficiency

Questions to ask
4.
5.

6.

How long does it take to close
the books?
Show me everything we are
doing in Excel...
Visibility

Questions to ask

7. Do we have one integrated
system for both our financial
information and our operating
met...
Leadership

Questions to Ask

9. What are the management
judgments we make as we
prepare the financial statements?
10.Wher...
How Technology Can Help

Make my business
more efficient
Once you’ve mastered
day-to-day complexity …

© 2014 Proformative...
Proformative is the largest
and fastest growing online
resource and professional
network for senior finance,
accounting an...
Upcoming SlideShare
Loading in …5
×

Ten Questions That a CFO Should Ask Their Controller

1,569 views

Published on

In your ever-changing role of CFO, one thing has remained constant – the need to lead and manage an effective finance team. Join us for a panel discussion focused on the top ten questions that a CFO should ask their controller in order to maintain efficient and compliant financial practices.

In this session, CFOs from leading software companies will share how they work with their Controllers and finance teams to establish best practices around:

- Internal controls
- Operational efficiency
- Visibility and reporting
- Financial leadership

Speakers: Marc Linden, CFO, Intacct
en Cucarola, CFO, Teachscape
Gregg Leach, CFO, Able Engineering and Component Services, Inc.

Presentation delivered at ProformaTECH 2014 - www.proformatech.com via www.proformative.com.
Track: Operational Advantage | Session: 3

Published in: Economy & Finance
  • Be the first to comment

Ten Questions That a CFO Should Ask Their Controller

  1. 1. Ten Questions That a CFO Should Ask Their Controller Marc Linden, CFO, Intacct Ken Cucarola, CFO, Teachscape Gregg Leach, CFO, Able Engineering
  2. 2. Meet Your Panelists • Moderator: Marc Linden, CFO, Intacct • Ken Cucarola, CFO, Teachscape • Gregg Leach, CFO, Able Engineering © 2014 Proformative
  3. 3. Areas of Questioning Make my business more efficient Drive performance and growth  Process automation  Track true financials and operations  Oversight and controls  Visibility for planning/strategy  Accuracy and compliance  Flexibility as needs change Better Every Day Controls © 2014 Proformative Efficiency Managing for Long-Term Visibility Leadership
  4. 4. Controls Questions to ask 1. Who has access to what functionality in the accounting system? How is that documented? Who approves changes? 2. How many manual journal entries are we making during the close process? What exceptions are our auditors finding?  There should be a single administrator of the system. User rights and changes should be made according a documented approval process.  Audit difficulties and exceptions should be used as a guide for areas needing process improvement or automation. How many sales orders or invoices are cancelled and re-billed, and what are the primary causes? How many dollars are involved? 3. Best Practices © 2014 Proformative
  5. 5. Efficiency Questions to ask 4. 5. 6. How long does it take to close the books? Show me everything we are doing in Excel. Why are we using Excel? What is our volume of transactions - how many invoices, vendor payments? How do we measure quality? © 2014 Proformative Best Practices  Examine ways to automate manual or growing processes.  Accounting staff should grow more slowly than overall revenue or business growth.  Timeliness of the close process and accounting staff growth should be used as measures of department efficiency.
  6. 6. Visibility Questions to ask 7. Do we have one integrated system for both our financial information and our operating metrics? 8. Why do we have so many reports? © 2014 Proformative Best Practices  A single reporting system removes unproductive reconciliation time.  Online self-service reports let you see which ones are most valuable.
  7. 7. Leadership Questions to Ask 9. What are the management judgments we make as we prepare the financial statements? 10.Where should we invest our next dollar in the finance department? © 2014 Proformative Best Practices  Determine which financial data are facts and which are opinions.  Prioritize the problem areas and focus resources where they are most needed. Cloud helps simplify, centralize, and automate.
  8. 8. How Technology Can Help Make my business more efficient Once you’ve mastered day-to-day complexity … © 2014 Proformative Drive performance and growth … you can think long-term
  9. 9. Proformative is the largest and fastest growing online resource and professional network for senior finance, accounting and related professionals. Learn more about us now!

×