Some brief examples of successful projects:
Case 1:
A business was operating at a level of losses which indicated that at the current rate it could be insolvent
within the next couple of years.
A review of the business was undertaken which highlighted the following matters:
- Virtually all income was being received on a fixed contractual basis, with no relationship to the level of service (and costs) provided to referred clients.
- The management accounts did not identify the costs of operating the various sections within the organisation.
- It was not known how much the various services provided to clients were costing.
The following solutions were provided:
- The format of the management accounts and budgets that reflected how the business operated were drawn up.
- New accounting software that could capture the needs of the business was identified.
- A format of costing the various services was drawn up, which indicated how income could be obtained on an ad-hoc non-referral basis.
Case 2:
The branches of a company were not reporting or accounting to its head office for the activities undertaken at the branch. No accounting staff were employed at the branches.
The following solutions were implemented:
- Accounting returns (in both manual and electronic formats) were drawn up in discussion with the branches.
- Training of branch staff was provided highlighting what records needed to be kept in order to submit timely error free returns to head office.
Case 3:
A business with a number of different, complex business activities required presentations to be made to non-finance staff in the PR/marketing department and also to staff at all levels throughout the company.
- Suitable presentation material was generated for each audience.
- Informative presentations were given in a non-technical manner highlighting the various issues facing the business.
Case 4:
Project managing the closure of over 50 operating locations and transferring the business into 5 new centres, resulting in a saving of over £2 million per annum.
Case 5:
Introducing new accounting practices that enabled the business to improve its partial VAT recovery rate, thereby reducing its irrecoverable VAT by 75%.
Case 6:
A newly appointed Chief Executive wished to replace their incumbent auditors. The Chief Executive wanted the benefit of an external advisor to attend the presentations made by the bidding auditors.
- New auditors were appointed following the drawing up of an audit tender to prospective auditors, rigorous questioning and an analytical review of the presentations
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