0 1 2 Written procedures are in place for month-end close out and financial reporting procedures.
Total up your score; the highest possible you can get is 50 points. If you receive a score of 46 or better, give your financial management reporting system an A. A score of 41-45 would get your system a B. A score of 36-40 would rate a C, while 31-35 would get you a D on your report card. If you scored under 30 points you should consider overhauling your financial management reporting system.
Steve Maltzman, CPA, is president of SMA Consulting in Colton, Calif.
For sample financial reports, please visit www.smaconsulting.net.
