Tag Archives: Finance

The most common pitfalls when implementing a new ERP

Over the past few years I have been heavily involved in the implementation of Oracle, SAP and Salesforce in my roles as financial analyst and financial controller. And from what I saw, it is safe to say that these ERP implementations … Continue reading

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Task list of a controller – part 2

Monthly reporting: a basic component of any controller will be to assemble a ‘monthly pack’ that shows an easy and brief overview of the main P&L items and the highlights the non-financial management will be interested in. VAT return – intrastat: … Continue reading

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Task list of a controller – part 1

Given the huge interest in the topic, I will be spending some more time fleshing out the details of the controller role. Month end is the peak period for any controller. Most people in a company have a vague idea … Continue reading

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How to read any Balance Sheet

As a follow-up to my popular post How to read any P&L, I will elaborate a bit on how to interpret a Balance Sheet and its main components. Only after truly understanding a Balance Sheet, you can make your way … Continue reading

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The difference between a Business Controller and a Financial Controller (and their typical job description)

Hi, Recently I have seen some discussion about the definition of two roles: that of a Business Controller (BC) and Financial Controller (FC). In most Western European companies, both roles coexist and there is little misunderstanding what they do. What I … Continue reading

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How to read any Cash Flow statement

As a follow-up to my popular post ‘How to read any P&L statement’, I decided to write ‘How to read any cash flow statement’. Cash flow is an easy to understand concept. But the way of calculating it is not so … Continue reading

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The 5 skills for kick-ass business analysis

A heavily underrated discipline in most companies is that of business analysis. Whenever a company decides to ‘get smart’ on products, customers and marketing, it should reinforce its business analysis leg. That does not mean companies need to hire armies … Continue reading

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