Accounting Influencers Podcast | KPI Key Performance Indicators for Accountants - Accounting Influencers Podcast

Episode 133

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Published on:

17th Dec 2020

What Accountants Need to Know Know About KPIs

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.

Bernie Smith on the Accounting Influencers podcast with BD Academy founder Rob Brown

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:

Website and blog

LinkedIn

 

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About the Podcast

Accounting Influencers Podcast
Host Rob Brown shows accounting professionals and leaders how to be more influential, grow their personal brand and be more authoritative, relevant and high profile in their roles..
The Accounting Influencers Podcast, hosted by Rob Brown, is a must-listen for accounting professionals looking to strengthen their leadership presence, stay informed on disruptive forces in accounting and build credibility within their firms. Geared toward firm leaders, managers, partners and influencers, the show covers key topics like career development, influence, personal branding and interpreting the evolving trends impacting the accounting world. Rob brings his expertise to each episode, offering insights and guidance on how to grow your personal brand and stay strategically important in a rapidly changing profession. Whether you're aiming to influence within your firm or expand your reputation outside of it, this international podcast offers practical advice and forward-thinking insights that will keep you informed and prepared for the future.
Accounting leadership
Executive presence for accountants
Building influence in accounting
Accounting industry trends
Personal branding for accountants
Accounting firm strategy
Accounting business models
Leadership in accounting firms
Talent management in accounting
Authority in accounting profession
Career development for accountants
Accounting firm growth strategies
Influencers in accounting
Accounting firm management
Disruptive forces in accounting
Accounting leadership strategies
Accounting career success
Accounting firm decision-makers
Accounting business trends
Building credibility in accounting

About your host

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Rob Brown

Rob Brown hosts the multiple accounting podcast and chair conferences, panels and events globally for the accounting and fintech profession. He is co-founder of Accounting Influencers Roundtable (AIR) which helps vendors, experts and influencers serve the accounting and finance world. He is a dynamic speaker and accomplished expert on trust, reputation, employer brand, talent, career development, succession, gen z/generations, employee advocacy and executive presence. Rob is author of the bestselling book Build Your Reputation (Wiley) and his TEDx talk ‘The Personal Brand of You’ has been viewed 400,000 times on YouTube. He is a stroke survivor, has epilepsy, is a committed Christian and has a black belt in kickboxing. He is based in Nottingham UK, home of Robin Hood, plays chess and backgammon, loves orange chocolate and is allergic to grapefruit.