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1、BUSINESS CONTROL & YOU - THE CFO PERSPECTIVE,OUTCOMES FOR YOU,Take Business Process Control Basics and Establish a CFO Perspective Leave with Helpful Tools,WHAT IS BUSINESS CONTROL?,Accounting Verifications,Security and Locks,Internal and External Audit,Checklists,Signatures,Any action taken by mana
2、gement to enhance the likelihood that company objectives and goals will be achieved on a sustained basis,ELEMENTS OF BUSINESS CONTROL,DRIVING FLAWLESS EXECUTION,Business control drives achievement of goals!,WHERE DO YOU FOCUS?,CFO TOP SIX,Governance and Ethics Cash and Treasury Asset Integrity Reven
3、ue Purchasing and Payables Accounting,GOVERNANCE AND ETHICS,Establishing a decision framework for doing the right thing,CASH AND TREASURY,Protection and maximum utilization of cash and investment assets,ASSET INTEGRITY,Protection and usability of Company physical and information assets,REVENUE,Timel
4、y recognition of sales revenue and collection of receivables,PURCHASING AND PAYABLES,Purchasing high quality goods and services and paying the right amount at the right time,ACCOUNTING,Ensuring that accounting records are accurate and managed properly,EXERCISE: SPECIAL METAL STAMPERS, INC.,Method: I
5、ndividual Exercise Objective: Use the CFO Top Six to sift through information and find critical control concerns Time: 15 minutes,Instructions: You are Robin James, and today you are taking over from John Smith as Controller at Special Metal Stampers, Inc. a wholly owned subsidiary of We Build Cars.
6、 As you sit down at your desk, you notice a full in-basket requiring your attention. Review the narrative provided (a summarization of several introductory interviews) and the contents of your in-box. Which three concerns would you tackle first, and why?,BUSINESS CONTROL TOOLS,Internal Control Coord
7、inators Modular Control Review Programs 6-Sigma The GAO,Now that you know where to focus, what tools can you use to find and address concerns?,Corporate Policies and Standards Application Control Review (ACR) Training,CORPORATE POLICIES AND STANDARDS,Finance Manual ( Letters ( Information Standards
8、(http:/ Systems Manual (http:/ and Guidelines Established by Operations,Other guidelines are available on the process owners sites,APPLICATION CONTROL REVIEW (ACR),Review and approval process for system development,The ACR process requires the business owner of a new or fundamentally changed system
9、to certify controls are in place before system launch. The process includes a checklist of controls and discussions with GAO on a preventive basisEssential for guarding information assets,ACR Homepage ( training resources for you and your organization,Corporate Training Courses with control emphasis
10、 including: Global 8D (Root Cause Analysis), and Statistical Process Control Local training through XXXX (To be filled in prior to course)Business Process Control Training A comprehensive set of training courses on specific functional areas from the GAO For more information visit our web-site refere
11、nce at: CONTROL COORDINATORS,Co-located (within automotive groups) subject matter experts in control with business perspective,Local support for everyday operational control questions Assist Management and Operations Proactively in: Identifying process improvement opportunities Developing and imple
12、menting solutions Resource for Modular Control Review Process, a self-assessment of controls (see following slide),MODULAR CONTROL REVIEW PROGRAMS,Helps you identify areas of concern on a progression basis (based on risk) Should be used at least annually to ensure that operations are under control,P
13、rocess based control checklists for operational review,6-SIGMA,Application of 6-Sigma Principles to Business Process Controls,Principles of 6-Sigma are based in Control Planning, measuring and monitoring are critical components Emphasize the 6-Sigma Mindset,6-Sigma Web-site www.6-,THE GAO,Additional
14、 resources dedicated to improving your business,Use reviews as a catalyst to create a control mindset within the operating team Jointly identify risks and opportunities to focus efforts on high reward areas,The GAO Website ( CAN YOU,Move Beyond the Business Process Control Basics to Establish a CFO Perspective Go to Other Resources to Get More Information,BUSINESS CONTROL & YOU - THE CFO PERSPECTIVE,
