BUSINESS HEALTH CHECK-UP: FINANCE CONTROL Welcome to your FINANCE CONTROL Health Checkup Name Email Do you undertake annual planning for the upcoming year to set monthly sales and EBIDTA targets YES NO NA None Have you been consistently meeting your sales and EBIDTA targets for the last 3 years YES NO NA None Is your actual EBIDTA higher than the industry average YES NO NA None Do you close your books on monthly basis, latest by 4th working day of next month YES NO NA None Do you have well-designed processes & procedures to produce accurate & reliable financial results each month for management's review YES NO NA None Do you have a robust mechanism for physical stock taking at the end of each month YES NO NA None Do you have a CAPEX Committee to review the CAPEX needs of the business regularly and provide necessary approvals YES NO NA None Do you have a Procurement Committee to review the procurement needs of the business regularly and provide necessary approvals YES NO NA None Do you prepare a detailed analysis to compare the actual business performance with the plan each month, and also with the same period the previous year YES NO NA None Is there a formally constitued Board that meets at pre-defined intervals for business review and key business decision-making YES NO NA None Do you collect most of your outstanding debtors as per the credit terms YES NO NA None Is most of your inventory holding less than 120 days old YES NO NA None Do you generate enough Management Information for review of company's key performance metrics YES NO NA None Do you have reliable capabilities for segmental reporting, i.e. looking at the profit/ loss by various business segments YES NO NA None Do you have a strong mechanism for managing your cash flows to ensure adequacy of funds at all times YES NO NA None Do you have a strong mechanism in place for dealing with slow moving or non-moving stock YES NO NA None GREAT! YOU HAVE ANSWERED ALL THE QUESTION. PLEASE SUBMIT . Time's up
