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What does Mike Haile think?

I am a chartered accountant and a PMP® certified project manager with more than 20 years of experience of working in high level finance positions and managing change projects/programs. I have a passion for process improvement and I enjoy working in international, fast changing, ... See full profile

Hi Wayne I don't think issue is that that McKinsey's doesn't understand the role of a CFO but what it does highlight the difference the role of a...
I've had the pleasure of working in different types of professional services companies during my career and there are 2 broad types of firms. The...
Are you or any of your colleagues members of any accounting bodies? If so then they usually have a member website which has resources like the latest...
Some great answers. One thing that I would add in the "it all depends" category is that it also very much depends on the size of the organization (...
Emerson makes a good point regarding the warehouse. It certainly looks like your process is "broken" because your company (whichever department)...
Back to your question, I would say that there is no acceptable variance when it comes to bank recs. The reason that I say this is that transactions...
We have some policies which are similar to the ones that Emerson has suggested and these are communicated via internal training.
Yes, Bill I'd agree with that.
I have rarely worked in a situation where it was charged at all and I don't recall it being charged at full rate. That said this is a typical...
Coincidentally, I just read a linked in article relating to this subject. Link below. Unsurprisingly the answer is..... both https://www.linkedin.com...
Thanks all for this insight. I'm from the UK where the use of checks is so rare that many vendors will not accept checks as a form a payment. The...
I think that the traits that you are looking for are more common than you think in accountants but obviously not in people early in any career. If I...
I was heavily involved in the merger of WPP Plc's $2 billion acquisition of TNS back in 2008/9. WPP's stated objective was to realise synergies of £...
Many years ago I worked as a consultant and I had a client who had: Games room with a table soccer, pool table and Sony PlayStation A sleep/...
Mitchell As Len says this comes up again and again because, while most finance professionals hate using excel for planning and forecasting, its ease...
Its an interesting question. I don't know if the person who asked the follow up question is the same as the original questioner but, if the board is...
I agree with Richard and Hyoun. The level of usage of excel in an organization is a good indicator as to possible issues with the ERP/business...
We use a tool called Maconomy from Deltek
It really depends on the definition of "difficult." If it's the behaviors that Blair described then I would not consider that to be difficult because...
I agree with the majority of the comments above. A effective CEO will be able to justify (or at least explain) any decision to the board which means...
I agree with Scott. I worked in an organization where the senior management team would have regular work "retreats" These were organized to get...
I believe that there is something missing in the question. The only way that I can see this as a motivation tool for the sales team is if the $1 is...
I think that Robert's response is pretty comprehensive. There are a few companies that provide both but they are different systems and are almost...
This is a very big question and there is a lot of information on the web as to what companies should do when selecting ERP's and why they typically...