Control

Trust is good, but control is better

Aside from a good and thorough financial administration, trust must be present and adequately supervised. The points of interest for the organization in this context are strategic planning, management control (organizational control) and task control (operational control). Supervision entails looking at the activities undertaken within a relevant period on the basis of efficiency and effectiveness. How will the company perform next year? How do we keep costs under control and is there room to invest in growth and innovation? How sensitive is the company to deviations from its forecasts?

finance

The world is a complex place, and a pandemic, continental war or a technological breakthrough elsewhere in the world can have exponential consequences on the company’s business operations. To keep a grip on these unexpected situations, the planning and control cycle is very important and we have to adapt it to the conditions of the volatile, uncertain, complex and ambiguous (VUCA) world.

As a business partner, we support our client’s business and advise the management through targeted insightful financial analyses on actual versus budget, profitability, return on investments and impairments in cash flows. We also provide support by discussing the various accounting rules and standards with the external auditor, the management and the board in preparing the annual accounts. Important is, that when supporting discussions with stakeholders, it is about knowledge and interpretation regarding:

  • Reporting requirements laid down in Title 9, Book 2 of the Dutch Civil Code and RJ
  • In outline IFRS of the IASB, USGAAP
  • Balance Sheet, Income Statement and Cash Flow Statement
  • Statutory – as the Consolidated Financial Statements, Composition statement
  • Influence KPI