CFO Management Program

CFO Management Program

The CFO Management Program (CFO) concentrates on the accounting and financial management aspects of the client's home building business. Under this program, SMA's financial management team acts as the client's long distance Chief Financial Officer.

CFO Management Program

The CFO Management Program (CFO) is a consulting program that concentrates on the
accounting and financial management aspects of the client’s home building business.
The CFO consists of three steps:

1. Initial Diagnostic Analysis
2. Accounting System Set-Up and Procedures Improvement
3. Review and Analysis of Monthly Financial Reports

Within the three-step structure, SMA customizes the content to meet the individual needs
of each client.

Step One: Initial Diagnostic Analysis:

During the Initial Diagnostic Analysis (IDA), the SMA Account Executive reviews and
evaluates the client’s chart of accounts, budgets, financial statements, accounting
procedures, job costing and profitability protection systems. After completion of the
IDA, the SMA Account Executive delivers a report to the client with a follow up
teleconference.

The SMA Account Executive can conduct the IDA from a distance or during a one-day
visit to the client’s site.

Steps two and three are part of Monthly CFO Management Program. In this 12-month
program, the SMA Account Executive and accounting team essentially becomes a long distance
member of the client’s financial management team. The CFO Program includes
one monthly teleconference (approximately 60 minutes in length) between the client and
SMA as well as a reasonable number of additional, informal telephone calls and
unlimited e-mail support by SMA.

Step Two: Accounting System Set-up and Procedures Improvement

This step can take up to several months of the CFO program and involves the SMA
Accountants coaching the client’s staff in “cleaning up” the client’s accounting records.
Also included in this step is assisting the client in preparing the company’s operating
budget and monthly reporting package.

Step Three: Review and Analysis of Monthly Financial Reports

In this step, the SMA Account Executive participates in a monthly teleconference with
the company owner/CEO and accounting manager/bookkeeper to review and analyze
reports and to make recommendations for system improvements.