FINANCE CHECKLIST by

Nicolas
Boucher

THE CFO CHECKLIST CONTROLLER CHECKLIST BUDGETING CHECKLIST

Strategic Planning & Controls and Risk Auditing and Financial reporting Feed the Budget
Financial Analysis Management compliance and statements budget Management
Establish a working relationship Develop a capital Manage relationships with external Produce accurate financial Develop a deep understanding Set up budgeting policies and
with the board of directors expenditure plan auditors statements of the business and industry procedures

Develop a strategic plan for Review current investments Communicate with internal Manage the financial reporting Analyse financial data to identify Manage the budget process
the next 3-5 years and make recommendations auditors for financial audits functions trends and opportunities and timeline

Assess the current financial Evaluate current tax strategies Ensure compliance with Build and maintain Evaluate financial
position of the company and adjust for better results Internal controls accounting standards forecasting models performance against budget

Evaluate tax implications of Develop a risk management and processes Conduct sensitivity analysis Identify and manage
business decisions strategy Team management to assess potential impacts budget variances

Identify areas for cost Establish internal controls to Develop and implement Process improvement Provide input into financial and
Develop accurate and
timely financial reports
savings and revenue growth ensure compliance internal controls strategic planning processes
Develop a comprehensive Develop a financial reporting Implement a budget
Oversee the financial Provide training to staff on Collect qualitative
budget for the upcoming year system reporting process
systems and tools accounting & financial processes information from colleagues
Review short-term and Establish a system to track key Build a budget
Manage the accounts payable and Develop a strong team of diverse Provide financial guidance
long-term financial goals performance indicators performance dashboard
receivable processes accounting professionals to business units
Establish financial Evaluate current contracts Continuously improve
Manage the fixed assets and Explain accounting topics to non
policies and procedures Collaborate with cross- budgeting processes & tools
and propose changes inventory processes finance teams
functional teams to develop
Review the company's Optimize reporting processes & Adapt tools to budget
Develop a strategy for debt financial plans and forecasts
Maintain a chart of accounts processes
banking relationships management tools
Stay up-to-date with macro-
Develop a cash flow Communicate and follow-up
Review existing compensation Establish procedures for Leads ERP changes for finance economic changes and their
management plan on budget decisions
plans & identify improvements accounting and financial reporting topics impact on your business

INVENTORY CHECKLIST CASH CHECKLIST HEADCOUNT CHECKLIST

Inventory Analysis Supplier Cash Cash Flow Headcount Business Strategy
and Monitoring Management Management Planning Budgeting and Objectives
Get an overview of the inventory Develop and maintain Establish a cash management Develop an understanding of Implement a headcount budget Align the business strategy
process relationships with key suppliers strategy the cash flow process with headcount planning

Monitor and analyse inventory Develop and maintain a Manage your treasury Build a cash flow forecasting Build a headcount forecasting Stay up-to-date with labor
levels procurement policy management system model model markets and regulations
Develop a growth mindset for Conduct sensitivity analysis on Develop a growth mindset for
Monitor and analyse Conduct sensitivity analysis
Analyse inventory turnover innovation and improvement headcount costs innovation and improvement
cash reserves on cash flow forecasts
Provide input into financial and Continuously improve
Track product demand vs Develop and maintain relationships Provide input into financial and headcount processes
Inventories policies
strategic planning processes
inventory with external partners and vendors strategic planning processes
Conduct sensitivity analysis on and procedures Establish a cash
Set up a headcount approval
process
Financial Analysis
inventory budgets reserves policy Cash Collaborate with cross-functional and Reporting
Improvement
Develop and maintain a product
Monitor and analyse procurement Set up a cash management teams on workforce plans
life cycle management process Analyse headcount trends and
costs policy
costs
Provide input for inventory
Build a stock keeping unit (SKU)
rationalization process
Monitor and analyse foreign
Track your cash
conversion cycle
Employee Conduct financial analysis to
policies and procedures
Develop and maintain a
exchange risks
Management identify trends & opportunities
Develop and maintain a foreign Analyse payment terms
Create a headcount reporting
Budgeting and safety stock policy exchange management policy and timing
Invest in employee and process
Forecasting Create a slow-moving
inventory policy
Establish a Analyse impact of
working capital on cash
organizational development Develop workforce metrics
credit policy and dashboards
Develop relationships with
Develop and maintain an Implement a scrap Implement a clear client Improve cash collection internal stakeholders Monitor and analyse workforce
inventory budget inventory process payment policy process productivity
Develop and maintain a cost-
Build a product demand Update inventory policies and Continuously improve Negotiate payment terms benefit analysis process for Analyse workforce data for
forecasting model procedures processes and tools with vendors employees improvement

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TREASURY CHECKLIST FINANCE ANALYST CHECKLIST TAX CHECKLIST

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20

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Item 1 Item 2 Item 3 Item 4 Item 5

Cash Flow Risk Financial Continuous Tax Compliance Tax Planning

Management Management Analysis Improvement and Reporting and Optimization
Understand cash flows and Manage foreign exchange Conduct financial analysis to Learn industry jargon and Understand international & Develop tax planning
liquidity needs and hedging risks identify trends & opportunities competitive dynamics local tax laws and regulations strategies to minimize liability
Forecast short-term and long- Manage credit and analyse financial data to provide Conduct market research and Develop a comprehensive Identify tax risks based on
term cash needs counterparty risk insights and recommendations competitive analysis understanding of the tax code your business and industry

Develop and implement cash Analyse and monitor Evaluate investment opportunities Continuously improve financial Evaluate tax implications of Look for tax credit
management strategies interest rate risks and provide ROI analysis modeling skills business decisions opportunities

Treasury Conduct sensitivity analysis Keep a growth mindset and Prepare and file tax returns Understand transfer pricing
Professional to assess potential impacts seek out opportunities accurately and on time rules and regulations
Operations Development Maintain accurate records to Implement tax tools for
Prepare and present financial Automate repetitive tasks and
Implement and maintain support tax filings accuracy and efficiency
Stay up-to-date with changes in reports to senior management reporting
treasury management systems financial markets and regulations Manage tax audits Manage tax disputes
Manage financial reporting Learn skills on PowerBI,
Monitor and report on treasury effectively and litigation
Continuously improve processes and dashboards PowerQuery, Python
key performance indicators knowledge of treasury tools Coordinate with legal and Provide tax advice to senior
finance for tax compliance management & business units
Financial Business
Manage guarantees for
Keep a growth mindset to seek
commercial projects Provide tax advice to senior Develop tax training programs
Partnering
out opportunities
Consolidate and manage Modeling management and business units for employees & stakeholders
group cash pooling Relationship Develop and maintain Understand your business
Build relationships with tax Understand tax implications
Management financial models partner needs
authorities and regulators of M&A transactions
Strategic Manage relationships with banks Build scenarios to support Develop relationships with
Planning and financial institutions business decisions your stakeholders Created by FOLLOW ME

Nicolas
Provide input into financial and Build relationships with rating Create forecasting models Manage demand and
strategic planning processes agencies and bond investors for revenue, costs and profit prioritize tasks

Boucher
Participate in M&A transactions Develop strong relationships Evaluate pricing strategies & make Collaborate with cross-
and provide input on financing with internal stakeholders propositions for improvement functional teams

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