Page 2 - KFMS Your Own FD Ebook
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Kent Financial & Management Services Ltd
Financial insight for business clarity
Table of Contents
Introduction ............................................................................................................................................... 3
What is the role of the Finance Director? ................................................................................... 3
What can a Part-Time FD do for you? ......................................................................................... 3
Cashflow .................................................................................................................................................... 4
Resolving cash flow problems .................................................................................................... 5
Profit .......................................................................................................................................................... 6
Identifying profit improvement opportunities ............................................................................ 6
Actions to improve profitability .................................................................................................. 7
Internal Controls (aka Good Business Practice) ........................................................................................... 9
Why are Internal Controls Necessary? ........................................................................................ 9
Creating the necessary control structure .................................................................................... 9
Reporting ..................................................................................................................................................11
Summary of actions to implement effective reporting ............................................................. 12
Business Plan.............................................................................................................................................13
Compliance ...............................................................................................................................................16
What is Compliance? ................................................................................................................ 16
Banking .....................................................................................................................................................17
Taxation ....................................................................................................................................................18
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