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      Copyright © 2016 by David Parmenter. All rights reserved.

      Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

      The second edition of this book was published in 2011 under the title Winning CFOs: Implementing and Applying Better Practices. The first edition was published in 2007 under the title Pareto's 80/20 Rule for Corporate Accountants.

      Published simultaneously in Canada.

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       Library of Congress Cataloging-in-Publication Data is available:

      ISBN 978-1-119-28654-7 (Hardcover)

      ISBN 978-1-119-29131-2 (ePDF)

      ISBN 978-1-119-29132-9 (ePub)

      Cover Design: Wiley

      Cover Image: © Kamaga/iStockphoto

      About the Author

      David Parmenter is an international writer and speaker who is known for his engaging presentations and practical and informative books. His workshops have created substantial change in many attendees' organizations. David is a leading expert on lean finance team practices, rolling forecasting and planning, and the development of winning key performance indicators (KPIs). His work on KPIs is recognized internationally as a breakthrough in understanding how to make performance measures work. He has delivered interactive workshops in 31 countries over the last 20 years. David has worked for Ernst & Young, BP Oil Ltd., Arthur Andersen, and PricewaterhouseCoopers, and is a fellow of the Institute of Chartered Accountants in England and Wales. He is a regular writer for professional and business journals.

      This book is a follow-on from Pareto's 80/20 Rule for Corporate Accountants and Winning CFOs – Implementing and Applying Better Practices. He is also the author of Key Performance Indicators: Developing, Implementing and Using Winning KPIs, Key Performance Indicators for Government and Non Profit Agencies: Implementing Winning KPIs, and The Leading-Edge Manager's Guide to Success (all from Wiley).

      David Parmenter can be contacted via [email protected] or on +64 4 499 0007. His website, www.davidparmenter.com, contains many white papers, articles, and freeware that will be useful to readers to implement change.

      Testimonials

      What can you expect from this book? Why not read these testimonials on David Parmenter's previous edition of this book and on his workshops and key note addresses.

      Praise for the book “Winning CFOs” (the second edition)

      Mr. Parmenter has created yet another fine management reference tool with his Winning CFOs book. It reveals how a CFO can be a better manager, and run an accounting and finance function that delivers world-class results. Highly recommended reading for the CFO who is committed to self-improvement. Steven M. Bragg, author of Accounting Best Practices

      In this timely book, David Parmenter provides CFOs and their finance colleagues with a number of practical guidelines that will enable them to spend less time on the basic accounting routines and more time adding value and becoming a valued business partner. Jeremy Hope, author of Reinventing the CFO

      The CFO can make a major contribution to value creation by the use of information focusing on the critical value drivers in the business. These practical tools and techniques will be invaluable to the busy CFO.

      Ken Lever, CFO, Xchanging plc

      Praise for the “Lean Finance Team Processes” workshop

      We attended David's course on “Winning Finance Teams” and we have had instant success with our Flash report. My Accounting team managed to get the flash report for November completed by 4.00pm on the second day. The workshop gave us the tools and the mindset to achieve this result. Ron Milne, General Manager Finance, Enware Australia Pty Ltd

      The three main highlights for me from attending David Parmenter's “Winning CFO” were; David's tight and punchy delivery style, access to soft copy templates to customise and implement in my organisation, and breakout sessions at the end of each section. Amanda McPherson, Director of Finance, Melbourne Convention Exhibition Centre

      One of our team members attended your lean finance team processes one-day workshop in Sydney and from that we have: reduced our monthly management report (approximately 30 pages) to the A3 report template from the course, shortened our month end process, run daily stand – up meetings (scrums) for those still involved in the month-end process. Kelly Simpson, Australian Financial Controller, Harcourts

      These workshops are now available as recorded webinars, see www.davidparmenter.com for details.

      Praise for David Parmenter's key note addresses

      David Parmenter held a keynote speech and an in-depth session at our two main events (Copenhagen & Tampa, USA). He is a very inspiring speaker with some interesting topics on his agenda. He delivers his messages in a controversial and humoristic way. His session rated as number one among all speakers. Maj Nedergaard, Research & Campaign Manager, Targit

      David Parmenter gave a key note address at our one-day Management Accounting Conference. The audience gave him the highest ratings with comments such as “Best speaker ever, thoroughly enjoyed it.” Jess Vailima,

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