MICHAEL C. DONEGAN, CPA, has worked in both the public and private sectors of accounting, strategizing and implementing information systems on a global platform while coordinating companion training programs. He is cofounder of the South Florida Future of Finance Series, a semiannual forum for high-level executives in the South Florida community for meeting and exchanging ideas regarding information systems, data-flow processes, human capital, and financial reporting dynamics.
Chapter 1: DOING BUSINESS IN TODAY'S ENVIRONMENT.
What Is the Perception of Finance and Accounting?
Defining Small and Emerging Businesses.
Why Is the Business Owner in Business?
Going from Day to Day to Long-term Strategy.
Dealing with the Business Environment.
Doing Business in Foreign Countries.
Technology Needs of Vendors and Customers.
Chapter 2: FINANCE FUNCTION DEFINED.
Finance Function in Action.
Defining the Finance Function.
Traditional Perception of the Finance Function.
Need for Integration into Operations.
Strength and Scalability.
Chapter 3: WHY STRATEGIZE?
Strategizing in All the Right Places.
Benefits of Strategizing.
Initiatives Shaping the Finance Organization.
Scope of Strategizing.
When Does Strategizing Begin to Count?
Initiating the Culture of Strategy.
The Future: Ready or Not, Here It Comes.
Chapter 4: MULTILEVEL APPROACH.
Initiating the Finance Strategy.
Tier 1 Considerations: Life Cycle.
Tier 2 Considerations: Data Customers.
Tier 3 Considerations: Infrastructure.
Tier 4 Considerations: Optimizing the Balance Sheet.
Tier 5 Considerations: Optimizing Profit and Loss.
Chapter 5: ANALYZING DATA CUSTOMERS.
Why Analyze Data Customers?
Defining Data Customers.
Evaluating Data Customers.
Anticipating Data Customer Needs.
Linking Data Customer Needs to Finance Strategy.
Chapter 6: DATA FLOW PROCESS.
Role of Processes.
Data Flow Ecosystem.
Evaluating Current Processes and Conceptualizing Future Processes.
Integrating Data Flow Process with the Business.
Development with the Rest of Infrastructure.
Chapter 7: INVESTIGATING INFORMATION SYSTEMS.
Information Systems Considerations in the Multilevel Approach.
Maintaining the High-Level Vision for Strategizing.
Up and Running: Maintenance.
Chapter 8: FINANCIAL REPORTING.
Understanding the Need to Report Financial Data.
Employing Accounting Methodologies to Serve Current and Future Needs.
Creating Models for Internal Analysis and Measurement.
Issues in Creating Financial Statements.
Maintaining Good Reporting.
Chapter 9: WRITING THE STRATEGY DOCUMENT.
Purpose of Defining/Documenting the Finance Strategy.
Preparing to Write the Document.
Composing the Strategy Document.
Putting the Document to Use.
Enabling Future Development.
Appendix: FINANCE STRATEGY: DOWNEY INTERIORS.