1 ACCOUNTING & FINANCE TOOLS
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THIRD PARTY RESOURCES ACCOUNTING & FINANCE TOOLS The tools outlined in the Accounting & Finance section aid in the implementation of The Enhanced Exec's Program Training Session #9: Introduction to Financial Management; Session #10: Finance for Executives Part I; Session #11: Finance for Executives Part II; and Session #12: Mastering Cash Flow. The fund manager’s shared services (SGS) team (in particular, the SGS Group CFO) will use these tools in partnership with their SME portfolio companies as they work together to execute the First 180-Days post-investment plan, per the Playbook Materials. Tool Title
How-To Guide for Creating a Business Budget
Tool Type
Third-Party Resource: Bench
Tool Description
This "how-to" guide provides a high-level overview of the seven steps required to create a business budget and offers links to existing templates that companies can access online for free.
Tool Title
A Guide to the IFRS for SMEs; IFRS for SMEs Standards Supporting Materials; and IFRS for SMEs Modules
Tool Type
Third-Party Resource: IFRS
Tool Description
The International Financial Reporting Standard (IFRS) for SMEs is a set of globally accepted financial reporting principles tailored to SMEs' capabilities and needs. The IFRS organization published a guide, supporting materials, and a free self-guided training module that SMEs can use to better understand and apply the IFRS accounting principles to their company's financial reporting.
Tool Title
Setting up A Finance Department
Tool Type
Third-Party Resource: Cleverism
Tool Description
This helpful article provides SMEs with an overview of: "1) what exactly a finance department is, 2) the main objectives of this department, 3) the functions it carries out, 4) the elements comprising this department, 5) positions required to run this department, and lastly 6) the importance of knowing information technology when running the finances of an organization."