THE CFO

CHECKLIST

SWIPE BYBY
NICOLAS BOUCHER
NICOLAS BOUCHER
YOU JUST
STARTED AS
A NEW CFO?

HERE ARE 20 THINGS YOU

NEED TO DO TO BECOME A
SUCCESSFUL CFO

BY NICOLAS BOUCHER
 ESTABLISH A
WORKING
RELATIONSHIP
WITH THE
BOARD OF
DIRECTORS

1 BY NICOLAS BOUCHER
 DEVELOP A
STRATEGIC PLAN
FOR THE NEXT
3-5 YEARS

6
2 BY NICOLAS BOUCHER
BY NICOLAS BOUCHER
 ASSESS THE
CURRENT
FINANCIAL
POSITION OF
THE COMPANY

4
3 BY NICOLAS BOUCHER
 EVALUATING
EXISTING
FINANCIAL
SYSTEMS AND
PROCESSES

4 BY NICOLAS BOUCHER
 IDENTIFY AREAS
FOR COST SAVINGS
AND REVENUE
GROWTH

6
5 BY NICOLAS BOUCHER
BY NICOLAS BOUCHER
 DEVELOP A
COMPREHENSIVE
BUDGET FOR THE
UPCOMING YEAR

6 BY NICOLAS BOUCHER
 REVIEW SHORT-
TERM & LONG
TERM FINANCIAL
GOALS

2
7 BY
BY NICOLAS
NICOLAS BOUCHER
BOUCHER
 ESTABLISH
FINANCIAL
POLICIES &
PROCEDURES

10
8 BY NICOLAS BOUCHER
BY NICOLAS BOUCHER
 REVIEW THE
COMPANY'S
BANKING
RELATIONSHIPS

9 BY NICOLAS BOUCHER
 DEVELOP A CASH
FLOW
MANAGEMENT
PLAN

10 BY NICOLAS BOUCHER
 DEVELOP A
CAPITAL
EXPENDITURE
PLAN

11
2 BY
BY NICOLAS
NICOLAS BOUCHER
BOUCHER
 REVIEW CURRENT
INVESTMENTS
& MAKE
RECOMMENDATIONS

10
12 BY NICOLAS BOUCHER
BY NICOLAS BOUCHER
 EVALUATE CURRENT
TAX STRATEGIES &
MAKE
RECOMMENDATIONS

13 BY NICOLAS BOUCHER
 DEVELOP A
RISK
MANAGEMENT
STRATEGY

14 BY NICOLAS BOUCHER
 ESTABLISH
INTERNAL
CONTROLS
(to ensure compliance with applicable
laws and regulations)

15
2 BY
BY NICOLAS
NICOLAS BOUCHER
BOUCHER
 DEVELOP A
FINANCIAL
REPORTING
SYSTEM

10
16 BY NICOLAS BOUCHER
BY NICOLAS BOUCHER
 ESTABLISH A
SYSTEM TO TRACK
KEY PERFORMANCE
INDICATORS

17 BY NICOLAS BOUCHER
 1
EVALUATE
CONTRACTS &
MAKE
RECOMMENDATIONS

18 BY NICOLAS BOUCHER
 DEVELOP A
STRATEGY FOR
DEBT MANAGEMENT

19
2 BY
BY NICOLAS
NICOLAS BOUCHER
BOUCHER
 REVIEW EXISTING
COMPENSATION
PLANS & MAKE
RECOMMENDATIONS

10
20 BY NICOLAS BOUCHER
BY NICOLAS BOUCHER
 CFO CHECKLIST
1. Establish a working relationship with the board of
directors
2. Develop a strategic plan for the next 3-5 years
3. Assess the current financial position of the company
4. Evaluate existing financial systems and processes
5. Identify areas for cost savings and revenue growth
6. Develop a comprehensive budget for the upcoming
year
7. Review short-term and long-term financial goals
8. Establish financial policies and procedures
9. Review the company’s banking relationships
10. Develop a cash flow management plan

22 BY NICOLAS BOUCHER
 CFO CHECKLIST
11. Develop a capital expenditure plan
12. Evaluate current investments and make
recommendations
13. Evaluate current tax strategies and make
recommendations
14. Develop a risk management strategy
15. Establish internal controls to ensure compliance
with applicable laws and regulations
16. Develop a financial reporting system
17. Establish a system to track key performance
indicators
18. Evaluate current contracts and make
recommendations
19. Develop a strategy for debt management
20. Review existing compensation plans and make
recommendations
23 BY NICOLAS BOUCHER
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