Save time, empower your teams and effectively upgrade your processes with access to this practical Financial Process Control Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Financial Process Control 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 Process Control specific requirements:
STEP 1: Get your bearings
- The latest quick edition of the Financial Process Control 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 992 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 Process Control improvements can be made.
Examples; 10 of the 992 standard requirements:
- 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?
- What percentage of Sarbanes Oxley related process controls are classified as key controls for purposes of evaluating the effectiveness of internal control over financial reporting?
- Does your organization have a process to evaluate the range of its activities to assess whether all material activities are appropriately reflected in the financial statements?
- Has a description of the main features of the internal control and risk management systems of your organization in relation to the financial reporting process been detailed?
- What guidance is needed to help management implement a top down, riskbased approach to identifying risks to reliable financial reporting and the related internal controls?
- Do financial reporting processes, procedures or controls need to be changed to ensure that transactions are processed and presented correctly in the financial statements?
- How important is it for organizations to upgrade internal controls in the financial consolidation and reporting process, and what areas are most in need of improvement?
- Does the audit committee represent an informed, vigilant and effective overseer of the financial reporting process and your organizations internals control structure?
- Does the financial organization have internal control processes to ensure that the persons who capture and code the data are doing so accurately and consistently?
- Does the board of directors effectively monitor operational and financial performances, as well as the integrity of your organizations internal control processes?
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 Process Control book in PDF containing 992 requirements, which criteria correspond to the criteria in...
Your Financial Process Control 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 Process Control Self-Assessment and Scorecard you will develop a clear picture of which Financial Process Control 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 Process Control 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 Process Control projects with the 62 implementation resources:
- 62 step-by-step Financial Process Control Project Management Form Templates covering over 1500 Financial Process Control project requirements and success criteria:
Examples; 10 of the check box criteria:
- Planning Process Group: If a task is partitionable, is this a sufficient condition to reduce the Financial Process Control project duration?
- Planning Process Group: In which Financial Process Control project management process group is the detailed Financial Process Control project budget created?
- Procurement Management Plan: Have all team members been part of identifying risks?
- Quality Management Plan: How does your organization determine the requirements and product/service features important to customers?
- Risk Management Plan: What are the cost, schedule and resource impacts if the risk does occur?
- Schedule Management Plan: Is there an on-going process in place to monitor Financial Process Control project risks?
- Planning Process Group: If task x starts two days late, what is the effect on the Financial Process Control project end date?
- Stakeholder Management Plan: Are issues raised, assessed, actioned, and resolved in a timely and efficient manner?
- Risk Audit: What are the strategic implications with clients when auditors focus audit resources based on business-level risks?
- Change Management Plan: Have the approved procedures and policies been published?
Step-by-step and complete Financial Process Control Project Management Forms and Templates including check box criteria and templates.
1.0 Initiating Process Group:
- 1.1 Financial Process Control project Charter
- 1.2 Stakeholder Register
- 1.3 Stakeholder Analysis Matrix
2.0 Planning Process Group:
- 2.1 Financial Process Control 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 Process Control 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 Process Control 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 Process Control 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 Process Control 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 Process Control project with this in-depth Financial Process Control Toolkit.
In using the Toolkit you will be better able to:
- Diagnose Financial Process Control 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 Process Control 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 Process Control investments work better.
This Financial Process Control 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.