Financial Accounting Toolkit

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Manage and review the timely and accurate completion of month end close activities and financial reporting, ensuring adequate internal control policies and procedures are in place and operational.

More Uses of the Financial Accounting Toolkit:

  • Establish that your organization recommends internal control and fiscal control policies related to internal financial accounting systems and procedures and develops internal and fiscal control policies and procedures.

  • Provide sufficient analysis of account activity for specifically assigned balance sheet accounts and reconcile any discrepancies.

  • Maintain accounting records in an organized confidential manner and support Corporate record retention policy.

  • Perform accounting research to supplement with technical references and articulate why certain accounting standards used in place of others.

  • Be accountable for purchasing, receiving, warehousing, inventory control, supply distribution; financial accounting of supplies distributed, and lost charge management.

  • Provide alternative system changes to business owners to help support changes in user requirements, communicating the benefits, cost and limitations of each approach.

  • Follow up and resolve past due accounts and vendor invoices until payment in full is received or resolved.

  • Adhere to corporate accounting policies for financial accounting and reporting requirements in relation to IFRS.

  • Maintain accounting practices that comply with the most recent international financial reporting standards.

  • Analyze and evaluate complex financial and accounting data, operations and problems and reach sound conclusions.

  • Ensure IT management is updated on local it status on assigned support and project related activity.

  • Be accountable for leading and building the understanding and thought process for specific market developments, as market specific regulatory changes.

  • Drive projects, provide accounting guidance and often serve as first point of contact for finance and business partners to resolve issues.

  • Manage work with external auditors and ensure critical information is received timely for the annual and quarterly audits.

  • Secure that your organization business data processing particularly related to the processing of accounting and financial information.

  • Steer: work closely with the sales team to negotiate resolution of customer issues to receive payments and release orders.

  • Confirm your organization monitors departmental activities to ensure the efficiency of all operational procedures and financial accounting systems.

  • Manage to verify the accuracy and the validity of the accounting data and to ensure that the subsidiary accounts agree with the official accounting records.

  • Manage to ensure financial accounting and management reporting are in accordance with GAAP, IFRS and organization policy.

  • Confirm your organization completes external audit by analyzing and scheduling general ledger accounts and providing information for auditors.

  • Develop and implement financial procedures and controls consistent with legal requirements and professional standards.

  • Confirm your organization ensures the integrity of accounting information by recording, verifying, consolidating, and entering transactions.

  • Ensure you understand internal control design concepts to assess the effectiveness of controls and design new effective processes and controls for emerging and growing business activities.

  • Drive to improve accounting processes and utilization of financial accounting systems and automation opportunities to increase productivity and optimize data efficiency and quality.

  • Protect assets by establishing, monitoring, and enforcing internal controls over accounts payable, fixed assets, and accounts receivable processes.


Save time, empower your teams and effectively upgrade your processes with access to this practical Financial Accounting Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Financial Accounting related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Financial Accounting specific requirements:

STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Financial Accounting Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 995 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Financial Accounting improvements can be made.

Examples; 10 of the 995 standard requirements:

  1. Are there other areas, and you need to look at the sanctions, on accounting officers who failed to comply with supplying the relevant data and information, leases, agreements, contracts, and so on?

  2. How do you collectively ensure greater accountability amongst organizations along the investment chain and throughout the economically and socially critical processes of financial intermediation?

  3. Has your organization and have your suppliers implemented fiscal policies, financial management systems, and accounting controls that help ensure fiscal responsibility and long-term viability?

  4. Has your organization, and have its suppliers, implemented fiscal policies, financial management systems and accounting controls that help ensure fiscal responsibility and long-term viability?

  5. Are your organizations programs and financial results expressed in terms of objective and relevant measures that disclose the extent to which its programs are achieving intended objectives?

  6. What consideration was given to the development of standards or guidance for the accounting of contracts of financial or finite reinsurance and what was the outcome of any consideration?

  7. Does your system have internal financial controls that provide for a separation of duties among the receipt, deposit, and accounting of funds, and the preparation and signing of checks?

  8. Does the board as a whole possess core competencies as financial literacy, accounting or finance, business judgment, industry knowledge, management, leadership, vision and strategy?

  9. Do you agree that a non-derivative financial asset and a non-derivative financial liability measured at fair value through profit or loss should be eligible hedging instruments?

  10. Has accounting based capital markets research shown that additional financial reporting and disclosure irrevocably improves investor performance, or even affects market pricing?

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Financial Accounting book in PDF containing 995 requirements, which criteria correspond to the criteria in...

Your Financial Accounting self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Financial Accounting Self-Assessment and Scorecard you will develop a clear picture of which Financial Accounting areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Financial Accounting Self-Assessment
    • Is secure: Ensures offline data protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:


STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Financial Accounting projects with the 62 implementation resources:

  • 62 step-by-step Financial Accounting Project Management Form Templates covering over 1500 Financial Accounting project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Project Portfolio management: What are the four types of portfolios on which a PMO must focus?

  2. Project Schedule: How closely did the initial Financial Accounting project Schedule compare with the actual schedule?

  3. Lessons Learned: How well defined were the acceptance criteria for Financial Accounting project deliverables?

  4. Lessons Learned: Was the Financial Accounting project manager sufficiently experienced, skilled, trained, supported?

  5. Project Performance Report: To what degree are the demands of the task compatible with and converge with the mission and functions of the formal organization?

  6. Quality Management Plan: How do senior leaders create your organizational focus on customers and other stakeholders?

  7. Cost Management Plan: Is there an on-going process in place to monitor Financial Accounting project risks?

  8. Cost Management Plan: Forecasts Ð how will the time and resources needed to complete the Financial Accounting project be forecast?

  9. Human Resource Management Plan: Are risk oriented checklists used during risk identification?

  10. Procurement Audit: Did the contracting authority verify compliance with the basic requirements of the competition?

Step-by-step and complete Financial Accounting Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

  • 1.1 Financial Accounting project Charter
  • 1.2 Stakeholder Register
  • 1.3 Stakeholder Analysis Matrix

2.0 Planning Process Group:

  • 2.1 Financial Accounting project Management Plan
  • 2.2 Scope Management Plan
  • 2.3 Requirements Management Plan
  • 2.4 Requirements Documentation
  • 2.5 Requirements Traceability Matrix
  • 2.6 Financial Accounting project Scope Statement
  • 2.7 Assumption and Constraint Log
  • 2.8 Work Breakdown Structure
  • 2.9 WBS Dictionary
  • 2.10 Schedule Management Plan
  • 2.11 Activity List
  • 2.12 Activity Attributes
  • 2.13 Milestone List
  • 2.14 Network Diagram
  • 2.15 Activity Resource Requirements
  • 2.16 Resource Breakdown Structure
  • 2.17 Activity Duration Estimates
  • 2.18 Duration Estimating Worksheet
  • 2.19 Financial Accounting project Schedule
  • 2.20 Cost Management Plan
  • 2.21 Activity Cost Estimates
  • 2.22 Cost Estimating Worksheet
  • 2.23 Cost Baseline
  • 2.24 Quality Management Plan
  • 2.25 Quality Metrics
  • 2.26 Process Improvement Plan
  • 2.27 Responsibility Assignment Matrix
  • 2.28 Roles and Responsibilities
  • 2.29 Human Resource Management Plan
  • 2.30 Communications Management Plan
  • 2.31 Risk Management Plan
  • 2.32 Risk Register
  • 2.33 Probability and Impact Assessment
  • 2.34 Probability and Impact Matrix
  • 2.35 Risk Data Sheet
  • 2.36 Procurement Management Plan
  • 2.37 Source Selection Criteria
  • 2.38 Stakeholder Management Plan
  • 2.39 Change Management Plan

3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

  • 4.1 Financial Accounting project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance

5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Financial Accounting project or Phase Close-Out
  • 5.4 Lessons Learned



With this Three Step process you will have all the tools you need for any Financial Accounting project with this in-depth Financial Accounting Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Financial Accounting projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based best practice strategies aligned with overall goals
  • Integrate recent advances in Financial Accounting and put process design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Financial Accounting investments work better.

This Financial Accounting All-Inclusive Toolkit enables You to be that person.


Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.