Slides for paper delivered at the Asia Pacific Management Accounting Association Conference, Bali Indonesia 2015.
The paper explores the relationship between Strategic planning, accounting information and the role of advisors in the growth of small to medium enterprises SMEs
The Death of the Business Plan EODF Amsterdam, 2014Chris Catto
The Death of the Business Plan and Birth of the Statement of Strategic Modality. Power point version as presented at European Organisation Design Forum, Amsterdam, 17 October 2014.
Cases & References
Flight Centre - Mandy Johnson
Handelsbanken - Jan Wallander's Way
Southwest Airlines - Values Based Organisations
Kyocera - Kazuo Inamori, Amoeba Management
Organize for Complexity, Niels Pflaeging
Management Reporting and Innovation - IPA Conference 2015Chris Catto
Management Reporting that Drives Innovation and Entrepreneurship. IPA NSW Conference Presentation on how Management Reporting can be a catalyst for innovation.
Presentation delivered by Luis E. Taveras, PhD, Former Senior Vice President, Office of Integration, RWJ Barnabas Health at the marcus evans National Healthcare CIO Summit held in Pasadena CA, March 13-14 2017
Building a Best-Run Finance Organization: A New Role to Address Today's Busin...FindWhitePapers
Is your company seeking to incorporate finance as a core line of business? This SAP Executive Insight examines the changing role of the finance organization in today's business environment - and describes how companies can develop best-run finance organizations.
Presentation by Rich Pollack, VP and Chief Information Officer, VCU Health, at the marcus evans National Healthcare CIO Summit held in Pasadena, CA March 13-14 2017
Deloitte CFO and finance discussion documentMarc Joiner
How can a CFO think about how they spend their time, where they focus efforts, and how their Finance team can deliver value to the organization? This document can act as a framework for CFOs and Finance teams.
The Death of the Business Plan EODF Amsterdam, 2014Chris Catto
The Death of the Business Plan and Birth of the Statement of Strategic Modality. Power point version as presented at European Organisation Design Forum, Amsterdam, 17 October 2014.
Cases & References
Flight Centre - Mandy Johnson
Handelsbanken - Jan Wallander's Way
Southwest Airlines - Values Based Organisations
Kyocera - Kazuo Inamori, Amoeba Management
Organize for Complexity, Niels Pflaeging
Management Reporting and Innovation - IPA Conference 2015Chris Catto
Management Reporting that Drives Innovation and Entrepreneurship. IPA NSW Conference Presentation on how Management Reporting can be a catalyst for innovation.
Presentation delivered by Luis E. Taveras, PhD, Former Senior Vice President, Office of Integration, RWJ Barnabas Health at the marcus evans National Healthcare CIO Summit held in Pasadena CA, March 13-14 2017
Building a Best-Run Finance Organization: A New Role to Address Today's Busin...FindWhitePapers
Is your company seeking to incorporate finance as a core line of business? This SAP Executive Insight examines the changing role of the finance organization in today's business environment - and describes how companies can develop best-run finance organizations.
Presentation by Rich Pollack, VP and Chief Information Officer, VCU Health, at the marcus evans National Healthcare CIO Summit held in Pasadena, CA March 13-14 2017
Deloitte CFO and finance discussion documentMarc Joiner
How can a CFO think about how they spend their time, where they focus efforts, and how their Finance team can deliver value to the organization? This document can act as a framework for CFOs and Finance teams.
Private Capital is looking to invest in the middle market. that can be private equity or single family offices. Whatever the source the tasks and pace are the same. Explore the needs with the experts at CohnReznick.
Presentation from Stephen Phillips, Global Head of Business Information Services, Morgan Stanley providing an update on the work of the recently formed Knowledge & Information Management Special Interest Group. He provides additional insights into the new Chartered Knowledge Manager accreditation programme and work currently in hand to revisit the 1994 Hawley report, entitled “Information as an Asset: the new board agenda”.
This presentation explains what merger and acquisition is, How integration is important after merger and acquisition, how it is to be done, what can be the factors of failure, what is the role of an HR during integration and what strategies companies should follow for a successful Post Merger Integration
Webinar: Key Aspects for Maximizing Synergies Through Effective Post Merger I...GPMIP
This is the deck as used on our February 20 webinar about 'maximizing synergies through effective post merger integration.'
The dialogue of this webinar is available on youtube: http://youtu.be/NCiVpFhOm8c
Global PMI Partners is the only international network focused exclusively on delivering post-merger integration, separation and transformation services. Please visit us on www.gpmip.com or contact us on info@gpmip.com.
Starting a new job for anyone is a major life change and career transition. The on boarding experience is personal and affects the bottom line, productivity, culture and future ability of any firm to hire THE best talent. The detailed report leveraging global firms located in Nigeria has a number of interesting ideas for you to consider to Re imagine On boarding for your organization.
Private Capital is looking to invest in the middle market. that can be private equity or single family offices. Whatever the source the tasks and pace are the same. Explore the needs with the experts at CohnReznick.
Presentation from Stephen Phillips, Global Head of Business Information Services, Morgan Stanley providing an update on the work of the recently formed Knowledge & Information Management Special Interest Group. He provides additional insights into the new Chartered Knowledge Manager accreditation programme and work currently in hand to revisit the 1994 Hawley report, entitled “Information as an Asset: the new board agenda”.
This presentation explains what merger and acquisition is, How integration is important after merger and acquisition, how it is to be done, what can be the factors of failure, what is the role of an HR during integration and what strategies companies should follow for a successful Post Merger Integration
Webinar: Key Aspects for Maximizing Synergies Through Effective Post Merger I...GPMIP
This is the deck as used on our February 20 webinar about 'maximizing synergies through effective post merger integration.'
The dialogue of this webinar is available on youtube: http://youtu.be/NCiVpFhOm8c
Global PMI Partners is the only international network focused exclusively on delivering post-merger integration, separation and transformation services. Please visit us on www.gpmip.com or contact us on info@gpmip.com.
Starting a new job for anyone is a major life change and career transition. The on boarding experience is personal and affects the bottom line, productivity, culture and future ability of any firm to hire THE best talent. The detailed report leveraging global firms located in Nigeria has a number of interesting ideas for you to consider to Re imagine On boarding for your organization.
The most important small business trends in 2014Radius
The rise of mobile, the growth of local, the advent of crowdfunding–find out how 61 small business experts think the latest business trends will shape the future of small business in the next 12 months.
Enterprises face unprecedented challenges, and finance is at the epicenter. Increasing business risk and volatility are evidenced by accelerating business disruption through
disintermediation, virtualization and technical innovation. As a result, new competitors, changing business models and changing customer expectations have emerged.
What is Going on in the GovCon Market? Benchmarks and Trends for Government C...Unanet
What is Going on in the GovCon Market? Benchmarks and Trends for Government Contractors Presented by Kim Koster, Unanet.
Uncover the insights and tips to grow your government contracting business.
* Plan & strategize for next fiscal year.
* Focus on internal control best practices and standards.
* Insights to create internal roadmaps and manage controls.
* Drive value in your overall organization.
Digital technologies, such as social media, mobile, analytics, or cloud, are revolutionizing the way that businesses interact with their customers, their suppliers, and their partners. Companies in all industries are challenged to adapt their business and technology strategies as well as their operational processes to these fundamental changes – they have to undergo a ‘digital transformation’.
This also affects the finance function and will change operations, processes, and structures within this business unit over the next few years. It will not only have an impact on the way the finance function operates and interacts with other parts of the business, but will also change the role of the CFO – and the way external service providers for finance & accounting are being used.
To analyze these effects and the way they are being approached by organizations, PAC - commissioned by HP - interviewed 301 CFOs in mid-sized and large companies in 12 countries globally and across all industry sectors.
progrow Strategy Implementation Services for SMEsProServ
progrow is a strategy implementation service for SME’s specifically designed to guide and facilitate the strategy development process.
More details visit https://www.i-proserv.com/strategy-implementation/
Best in Class Finance Transformation - Best Practices for the Finance FunctionProformative, Inc.
The evolution of the CFO role from controlling and reporting to strategy and support for the exec team now includes responsibility to deliver value for key stakeholders, such as investors. Top finance organizations are capable in multiple components of enterprise performance management (EPM), including strategic planning, execution, cost visibility, driver behavior, forecasting, planning, predictive analytics, ERM, and process productivity improverment (lean and Six Sigma). This workshop covers effective EPM frameworks, optimal organizational structure, talent management, leveraging technology to improve processes, and best practices for process change.
Speaker:
Birgit Starmanns, Senior Director, Solution Marketing, SAP
Presentation delivered at CFO Dimensions 2013
Workshop
How to Bring About Finance Transformation on Your Own TermsWorkday, Inc.
In this deck, experts from PwC and Workday explain how finance leaders can use automation, artificial intelligence, and analytical skills to help their teams adapt to rapid change.
Having trouble with your enterprise risk management strategy? Map it.Andrew Smart
In 2016, it was estimated that 67% of well-formulated strategies failed due to poor execution and 1 in 3 business leaders rate their firm as poor or very poor at the implementation of strategy.
Like business strategy, the risk management strategy presents execution challenges for the CRO and Risk Management teams.
Paraphrasing the original article that introduced the Strategy Map, in the presentation, Ascendore CEO outlines how the Strategy Map can be used as part of an overall strategy management system to improve the execution of the risk management strategy. This presentation is based on an Ascendore customers use of the Strategy Map for Operational Risk Management.
Tendencias y mejores prácticas del Financial Performance ManagementNexolution
En el área de Finanzas existen dos roles fundamentales que son más necesarios equilibrar. En el primero debe de enfocarse en realizar una serie de controles y verificaciones. En el segundo aprovechar su amplia experiencia sobre el conocimiento de los recursos necesarios que generan un determinado nivel de ingresos.
La forma en que Finanzas encuentra este equilibrio (y muchos otros) determina en gran parte el éxito o el fracaso de la empresa.
Lo invitamos a ver nuestra presentación: “Mejores prácticas del Financial Performance Management”, donde le mostraremos de que manera encontrar el equilibrio para el éxito de la corporación alineando procesos y controles, y al mismo tiempo asesorando al negocio sobre direcciones futuras.
The End of Management Accounting As We Know It Chris Catto
How the Changing technological environment will shape management accounting practices over the next 10 years. Presented by Chris Catto CGMA CPA Certified Filemaker Developer
The Big Opportunity For The Office of FinanceChris Catto
The Big Opportunity For The Office of Finance is to become a value catalyst by position resources, enabling clarity in decision making and guiding focus on capacity management.
The “Death” of the Business Plan and Implications for Dynamic Organisational Design
The paper will challenge common thinking in regards to Business planning and strategic execution. The session will seek to link business modelling with tactical planning and highlight the implications for effective team dynamics, organisational design and strategic delivery. The paper will be broken into five parts;
1) The Disconnect
2) The Business Model vs Business Modality
3) The Collective
4) The Critical mass
5) The Conclusion
Contact me if you have any questions?
Business partnering 2013 and Beyond. Sample slides from a recent presentation at CPA Newcastle Convention 2013. The presentation highlights the changing landscape of management reporting and business performance management with its implications on the role of the finance function. In particular the concept of business partnering and strategic management.
Leveraging the erp and strategy nexus 2013 slideshareChris Catto
Expand Your Thinking - Sample Slide deck - Recent Presentation ICAA Accounting Conference National Series 2013 Leverage ERP and Strategy Nexus
- Chris Catto
Putney Breeze Business Advisory PortfolioChris Catto
Putney Breeze Business Performance Services. Three tiers of services that cater for all business owners. Above and beyond business coaching. Real insights, real actions, real improvements from a Business Performance Advisor.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
The role of strategic planning, accounting information and advisors in the growth of SMEs
1. Asia Pacific Management Accounting Association Conference
Denpasar Bali, Indonesia
October 26th – 29th, 2015
2. Abstract
This paper explores the association between, small to medium
enterprise strategic planning, the use of accounting information
systems and the role of accounting advisors in the growth of
small to medium enterprises (SMEs).
3. The Importance of SMEs
SME’s employ approximately 60-70% of the workforce in
developed Western nations
Direct positive relationship exists between business density,
high income countries and standards of living (World Bank)
Strength of SME sector is a key factor in avoiding and
recovering from market failure
In depth studies of SME’s growth factors is limited,
contributing factors include the time and resource constraints
of SME owners
4. Propositions
Proposition 1 Key points
i) The organisation of transferable tacit knowledge is central
to growth and viability.
ii) Ad-hoc management accounting systems complement
business tacit knowledge in SME decision making.
iii) Financial Accounting information plays a secondary role in
SME decision making.
Proposition 2
1) The role of SME advisors is to complement knowledge gaps
of an entrepreneur with specialised competencies.
5. The Literature
Proposition 1
Gibrat’s Law proportionate relationship between growth
rates and firm size
Penrose theory of knowledge accumulation, collective
knowledge in the context of a purposeful firm
Ghoshal, theorised the value of a firm increases with the with
the level of experience of deployment
Greiner’s 5 stage model later refined by Welsh & White and
Elster & Phipps 3 key enabler’s
Osterwalder’s business model canvas
6. The Literature
Proposition 2
The ability to influence via informational and expert power in via
contextual compatibility (Mole)
Financial advice in planning is sort for start up financing then the
use of the plan itself is negligible (ACCA)
Adoption of operational budgets and cash flow forecasts in first
instance but dependent on the philosophy of the CEO
Positive relationship between adoption of operating budgets and
the growth of companies. (Davila)
Success of advisor was dependent on the ability to gain tacit
knowledge and complement with technical knowledge (Barbera &
Hasso)
Culture, communications and experimental learning (Dyer & Ross)
7. Research Method
This research paper presents quantitative and qualitative data
gathered via a multiple method, multi-case field research design
Data presented in this research paper includes structured
questionnaires, semi structured interviews and information gathered
from structured consulting projects and programmes
Consultation series began with a pre-programme questionaries and
meeting.
Standard interview questions were asked during the one-on-one
consulting session.
The consulting sessions were semi structured in nature due to the
different requirements of participants
8. Research Method
The research method for 43 of the 54 SME’s (79.6%) involved a structured consulting
programme.
Key modules in the program included;
Defining business purpose and measures of success
Maximizing staff performance through organisational culture and structure
Understanding financial information and cash flow forecasting
20.4% or 11 of the SME data reviewed was derived from consulting projects that
consisted of company wide strategic reviews
9. The Sample
Industry (Standard and Poors GICS classifications) # %
Consumer Discretionary 30 56%
Consumer Discretionary - Automobiles - Components 1 2%
Consumer Discretionary - Consumer Services 3 6%
Consumer Discretionary - Consumer Services - Specialized 8 15%
Consumer Discretionary - Consumer Services - Education 2 4%
Consumer Discretionary - Consumer Services - Hotels & Restaurants and Leisure 4 7%
Consumer Discretionary - Media 5 9%
Consumer Discretionary - Retailing 7 13%
Consumer Staples - Food, Beverage and Tabacco 3 6%
Financials - Realestate Management 2 4%
Health Care - Providers Services 1 2%
Industrial - Capital Goods - Machinery 5 9%
Industrial - Commercial and Professional Services 9 17%
Information Technology - Software Services 4 7%
Total 54 100%
Turnover Years in Business # Staff Business Owner Education Attainment
<$250K 15 28% 1<3 20 37% 1<3 16 30% High School 5 9%
$250k<>$1m 13 24% 4<>10 20 37% 4<>10 22 41% Diploma/Trade Certificate 20 37%
$1m<>$3m 16 30% 10<>20 6 11% 10<>20 10 19% University Degree 26 48%
$3m<>$10m 6 11% 20> 8 15% 20> 6 11% Masters & Doctorate 3 6%
$10m> 4 7% Total 54 100% Total 54 100% Total 54 100%
10. Years in Business & Annual Turnover
37% (20) of SMEs had been in business between 4 to 10 years, and 45% of those businesses generated
between $1m to $3m AUD per annum in revenue
100% (14) of the businesses that had over $3m AUD turnover in the sample had been in business for 10
years or longer
All Businesses surveyed had been in business for over 12 months and were financially viable
11. Annual Planning, Admin staff and
Annual Turnover
72% of SMEs surveyed did not have an annual planning process.
Of the 28% that did have an annual planning process, 93% employed of full time administrative
staff
50% of businesses with over $3m AUD annual revenues did not have an annual planning process
12. Maintenance of Financial Statements
The practice of timely preparation of financial statements improved with the
increase in annual revenues of the business.
The key driver of the improvement was the requirement to meet tax and
external compliance reporting obligations
13. Understanding of Gross Margins &
Break Even Positions
65% of SMEs surveyed did not have gross margin (GM) or break-even (BE) information
89% of SMEs with GM and BE had an administrative function in place.
GM and BE information was available to 83% of SMEs between $3-$10m AUD
In this sample only 25% of the SMEs over $10m AUD revenue had GM and BE information
14. Use of Accounting Systems
66% of businesses that did not use accounting software were micro businesses
that had an annual turnover of $250k or less
15. Use of ERP
17% of SMEs surveyed employed an ERP system.
Implementation of ERP systems were more likely as the business grew. 75% of
SMEs surveyed with >$10m annual turnover deployed an ERP
16. Key Role of Management Accounting
Advisors
Proposition 1
The rate of growth of an SME is influenced by the entrepreneurs ability
to transfer tacit knowledge from individual motor cognition to
organisational motor cognition. A critical role of management
accounting information is in the facilitation, measurement and
advancement of organisational motor cognition.
65% of SMEs surveyed did not have fundamental management accounting
information such as gross margin and break-even information. While all SMEs
prepared Financial statements at least once per year.
72% of SMEs surveyed, while financially viable do not prepare an annual plan
Decision making was based on ad-hoc reporting and interpreted in the light of
proprietary understanding of the industry the entrepreneurs operated. The size of
the of a firm was dependent on the success of transferring tacit business
knowledge to employees.
17. Key Role of Management Accounting
Advisors
Proposition 2
The role of an SME advisor is to complement knowledge gaps with
specialised competencies.
The opportunity for Management Accounting advisors is to provide the
tools and mechanisms to plan the use of resources, measure the
progress and success of business activity and enable an accelerated
dissemination of tacit knowledge.
The specialised competency a management accounting professional provides an
entrepreneur is the capability to transpose operational statistics into key
performance indicators that align staff accountabilities which facilitates the
efficient execution of strategic activity.
A skilled management accountant has the potential to influence decision making
on the allocation of scarce resources from sales and marketing through to after
sales service
18. The full paper can be accessed at:
http://www.putneybreeze.com.au/role-strategic-planning-accounting-advisors-apmaa-2015-
bail-indonesia/