Accounting Voices

What Accountants Need to Know Know About KPIs


Listen Later

Bernie Smith coaches businesses to develop meaningful KPIs and present their management information in the clearest possible way to support good decision making. Frustrated by the random way in which performance measures are often chosen and implemented, Bernie set up Made to Measure KPIs in 2007. He has since authored author of 19 KPI books to share simple, structured and repeatable ways to create KPIs that normal humans could design and use to improve businesses. Selected shownotes:
How the book 'KPI Checklists' came about and why you should read it
How the right business and financial information is vital to drive improved performance
The need for linking measures, targets and goals to strategic objectives using KPIs or key performance indicators
A definition of KPIs that everyone can relate to which centres around measuring things that count and that you care about
The different types of KPIs, particularly leading (activity-based) and lagging (outcome-based) measurements
How the ROKS method (Results Oriented KPI System) works with an illustration on how you choose a tool to do a DIY job
What makes some KPIs more useful and relevant than others
The joys and drawbacks of visual dashboards, plus the ideal number of KPIs to have on them
How accountants are ideally places to capitalise on KPIs because of the amount and quality of data they can access
How to measure and how often to measure the data that drive your KPIs
The common fears and challenges accountants have with embracing KPIs in their firms and client offerings
How KPIs link to incentives, rewards and motivations in accounting firms
Best practice steps to start working with KPIs and how to drive a KPI oriented culture in an accounting firm
How accountants can effectively use KPIs to add value and advisory services to their clients
Why fact-based decision making vz guesswork is at the heart of KPI thinking.
Using the experience (and scars) of working with a huge variety of organisations over his consulting career, spanning banking (HSBC, Credit Suisse, UBS), aerospace (Airbus, AirTanker, Leonardo), and even cheesemaking, Bernie has boiled that experience down into simple, sensible and practical advice on performance measurement. When not working, Bernie is a keen hill walker, photographer and technology enthusiast. At any given point he has at least half a dozen over-ambitious and incomplete technology projects on the go. Contact him here:
http://madetomeasurekpis.com (Website and blog)
http://www.linkedin.com/in/berniesmith (LinkedIn)
...more
View all episodesView all episodes
Download on the App Store

Accounting VoicesBy Rob Brown

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

7 ratings


More shows like Accounting Voices

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

230,094 Listeners

PwC's accounting podcast by PwC

PwC's accounting podcast

183 Listeners

Journal of Accountancy Podcast by AICPA & CIMA

Journal of Accountancy Podcast

76 Listeners

Accounting Today Podcast by Accounting Today

Accounting Today Podcast

75 Listeners

The Daily by The New York Times

The Daily

112,945 Listeners

Crime Junkie by Audiochuck

Crime Junkie

369,753 Listeners

Future Firm Accounting Podcast by Ryan Lazanis

Future Firm Accounting Podcast

27 Listeners

The Profitable Accountant Podcast by Reza Hooda

The Profitable Accountant Podcast

1 Listeners

The Rest Is Politics by Goalhanger

The Rest Is Politics

3,547 Listeners

Jason On Firms Podcast by Jason Staats

Jason On Firms Podcast

59 Listeners

The Rest Is Politics: US by Goalhanger

The Rest Is Politics: US

2,354 Listeners