Business Self-Assessment Questionnaire

A.1 Company Profile & History

A1.1 Company Name *

A1.2 Year Established *

A1.3 Industry/Sector *

FinTech

Energy

Healthcare

Tech

Manufacturing

Retail

Real Estate

NGO

Other

A1.4 Business Model *

B2B

B2C

B2G

Hybrid

Platform

Service

Product

Please select at least one option

A1.5 Company Stage *

Growth

Mature

Startup

Exit Planning

Turnaround

A.2 Business Size & Scale

A2.1 Annual Revenue *

>₦5B

₦500M-5B

₦50-500M

<₦50M

Declined to State

A2.2 Total Assets *

>₦10B

₦1-10B

₦100M-1B

<₦100M

A2.3 Number of Employees *

>500

201-500

51-200

11-50

1-10

A2.4 Geographic Footprint *

Global

Regional

National

Multiple Cities

Single Location

A2.5 Operational Complexity *

Highly Complex

Complex

Moderate

Simple

A.3 Organizational Structure

A3.1 Legal Structure *

Public Limited

Limited Liability

Limited

Partnership

Sole Proprietorship

Subsidiary

A3.2 Ownership Structure *

Publicly Traded

Private Equity

Venture-backed

Professional

Founder-led

Family-owned

Government-owned

A3.3 Finance Function Structure *

Full Department

Shared Service Center

Small Finance Team

Part-time Accountant

No Dedicated Function

A3.4 Reporting Hierarchy *

Separate CFO

Finance reports to CEO

Matrix Reporting

Finance under Operations

A3.5 Subsidiary/Division Structure *

Clear structure

Multiple Subsidiaries

Single Entity

Holding Company Structure

Complex Group

A.4 Market Position & Competition

A4.1 Market Share Position *

Market Leader

Top 3

Top 10

Niche Player

New Entrant

A4.2 Competitive Advantage *

Technology

Cost Leadership

Brand

Distribution

Service Quality

Innovation

Please select at least one option

A4.3 Customer Concentration *

<10% with top customer

10-25%

25-50%

>50% with single customer

A4.4 Supplier Concentration *

Diversified Suppliers

Moderate Concentration

High Concentration

Single Source Critical

A4.5 Regulatory Exposure *

Low

Moderate

High

Extremely High

B.1 Board & Leadership Governance

B1.1 Board Structure *

Formal Board

Advisory Board

Founder-only

No Board

B1.2 Board Independence *

Majority Independent

Minority Independent

No Independents

All Executive

B1.3 Board Meeting Frequency *

Monthly

Quarterly

Semi-annually

Annually

As Needed

B1.4 Board Financial Expertise *

CPA/Finance Expert

Industry Expert

General Business

No Financial Expertise

B1.5 Succession Planning *

Formal CEO Succession

Informal Plan

Family Succession Only

No Plan

B.2 Risk Management Framework (COSO Based)

B2.1 Risk Management Culture *

Embedded in Culture

Management-Driven

Ad-hoc

Non-existent

B2.2 Risk Assessment Process *

Formal Annual Assessment

Quarterly Reviews

Ad-hoc Assessments

No Formal Process

B2.3 Risk Register Maintenance *

Live Document

Quarterly Updates

Annual Updates

No Register

B2.4 Key Risk Identification *

Comprehensive List

Major Risks Only

Limited Identification

No Identification

B2.5 Risk Mitigation Strategies *

Documented Strategies

Implemented Controls

Partial Implementation

No Strategies

B.3 Internal Control Environment (COSO Components)

B3.1 Control Environment *

Strong Tone at Top

Moderate

Weak

No Emphasis

B3.2 Control Activities *

Comprehensive

Key Controls Only

Basic Controls

Minimal Controls

B3.3 Information & Communication *

Real-time Reporting

Regular Updates

Limited Reporting

No Formal System

B3.4 Monitoring Activities *

Continuous Monitoring

Periodic Reviews

Ad-hoc Checks

No Monitoring

B3.5 Control Documentation *

Fully Documented

Partially Documented

Minimal Documentation

No Documentation

B.4 Future Plans & Growth Outlook

B4.1 Strategic Planning Horizon *

5+ Years

3 Years

1 Year

No Formal Planning

B4.2 Growth Strategy Clarity *

Clearly Defined

Generally Understood

Vague

No Strategy

B4.3 Digital Transformation Roadmap *

Comprehensive Plan

Partial Plan

Ad-hoc Initiatives

No Plan

B4.4 Expansion Plans (Next 3 Years) *

Geographic

Product/Service

Market Segment

Acquisition

None

Please select at least one option

B4.5 Funding Strategy for Growth *

Internal Funds

Debt Financing

Equity Raise

Strategic Partner

Undecided

Please select at least one option

C.1 Finance Structure & Organogram

C1.1 Finance Department Structure *

Clear Organogram

Informal Structure

No Defined Structure

Outsourced

C1.2 Segregation of Duties *

Full Segregation

Partial Segregation

Minimal Segregation

No Segregation

C1.3 Reporting Lines *

Clear Reporting Lines

Matrix Reporting

Unclear Lines

No Structure

C1.4 Span of Control *

Optimal (5-8 reports)

Wide (>8 reports)

Narrow (<5 reports)

Unmanaged

C1.5 Finance Committee *

Active Committee

Informal Group

No Committee

Board Oversees

C.2 Finance Staff Competence & Development

C2.1 Professional Qualifications *

CPA/ACCA/ICAN

Part-qualified

Degree Only

No Formal Qualification

C2.2 Technical Training Frequency *

Quarterly

Semi-annually

Annually

Rarely

Never

C2.3 Performance Management *

Regular Reviews

Annual Reviews

Informal Feedback

No Reviews

C2.4 Succession Planning (Finance) *

Formal Plan

Informal Plan

No Plan

Single Point Failure

C2.5 Staff Turnover Rate *

<10%

10-20%

20-30%

>30%

C.3 Customer & Sales Management

C3.1 Cash Sales Process *

POS Integrated

Manual Tracking

No System

Mixed Methods

C3.2 Receivables Management *

Automated Aging

Manual Tracking

Basic Tracking

No Aging

C3.3 Credit Policy *

Formal Policy

Informal Guidelines

Ad-hoc Decisions

No Policy

C3.4 Expected Credit Loss (IFRS 9) *

Full Compliance

Partial Compliance

No Provision

Not Applicable

C3.5 Deferred Revenue Accounting *

Properly Recognized

Recognized as Cash

Mixed Treatment

No Tracking

C.4 Vendor & Supplier Management

C4.1 Vendor Onboarding Process *

Formal Vetting

Basic Checks

No Process

Ad-hoc

C4.2 Purchase Authorization Workflow *

Multi-level Approval

Single Approval

Owner Approval

No Controls

C4.3 Three-Way Matching *

Automated System

Manual Process

Partial Matching

No Matching

C4.4 Payment Approval Process *

Segregated Duties

Owner Control

No Approval

Automated

C4.5 Cash Payment Controls *

Dual Controls

Single Approval

No Controls

Owner Only

C.5 Assets & Inventory Management

C5.1 Asset Register Maintenance *

Live Digital Register

Spreadsheet

Manual Register

No Register

C5.2 Asset Tagging System *

Comprehensive Tagging

Partial Tagging

No Tagging

Ad-hoc

C5.3 Inventory Valuation Method *

FIFO/LIFO/Weighted

Simple Average

No Consistent Method

No Tracking

C5.4 Physical Verification Frequency *

Continuous Cycle Count

Quarterly Count

Annual Count

No Counts

C5.5 Inventory Adjustment Controls *

Formal Approval

Informal Approval

No Approval

Automated System

C.6 General Ledger Management

C6.1 Daily Transaction Review *

Automated Alerts

Manual Review

Periodic Review

No Review

C6.2 Reconciliation Frequency *

Daily

Weekly

Monthly

Rarely

Never

C6.3 Journal Entry Controls *

Dual Approval

Single Approval

No Approval

Automated Only

C6.4 Account Reconciliations *

All Accounts Reconciled

Key Accounts Only

Minimal Reconciliations

None

C6.5 Adjustment Tracking *

Fully Documented

Partially Documented

Minimal Documentation

No Tracking

C.7 Cash & Treasury Management

C7.1 Cash Receipt Processing *

Same Day Banking

Next Day

Weekly

Irregular

No Process

C7.2 Daily Bank Reconciliation *

Automated System

Manual Daily

Weekly

Monthly

Never

C7.3 Bank Account Structure *

Optimized Structure

Basic Structure

Unstructured

Single Account

C7.4 Cash Forecasting *

13-Week Rolling

Monthly Forecast

Annual Budget

No Forecasting

C7.5 Excess Cash Management *

Invested

Swept to Main Account

Idle in Account

No Excess

C7.6 Deficit Financing Strategy *

Line of Credit

Owner Injection

Supplier Credit

No Strategy

C.8 Month-End Close & Financial Reporting

C8.1 Month-End Close Timeline *

<5 Working Days

5-10 Days

10-15 Days

>15 Days

C8.2 Closing Checklist *

Comprehensive Checklist

Basic Checklist

No Checklist

Ad-hoc

C8.3 Management Reporting *

Real-time Dashboards

Monthly Pack

Quarterly Reports

Annual Only

C8.4 Financial Statement Quality *

IFRS/GAAP Compliant

Mostly Compliant

Basic Statements

No Formal FS

C8.5 Annual Report Preparation *

Comprehensive Report

Basic Financials

Tax Returns Only

No Report

C8.6 Audit Preparation Process *

Year-round Preparation

Quarterly Reviews

Annual Rush

No Preparation

D.1 Audit Status & History

D1.1 Audit Requirement Status *

Statutory Required

Voluntary

No Audit

Not Required

D1.2 Last Audit Opinion *

Unqualified

Qualified

Adverse

Disclaimer

No Audit

D1.3 Audit Committee Existence *

Active Committee

Board Oversight

No Committee

Not Applicable

D1.4 Auditor Tenure & Rotation *

Regular Rotation

Long Tenure

First Audit

No Rotation Policy

D1.5 Management Letter Response *

Formal Action Plan

Informal Follow-up

No Response

No Letter

D.2 Internal Audit Function

D2.1 Internal Audit Existence *

Full-time IA

Part-time

Outsourced

No IA Function

D2.2 IA Reporting Line *

Reports to Audit Committee

Reports to CEO

Reports to CFO

No Clear Line

D2.3 IA Coverage Scope *

Comprehensive

Financial Focus

Limited Scope

Ad-hoc

D2.4 IA Follow-up Process *

Formal Tracking

Informal Follow-up

No Follow-up

No Findings

D2.5 IA Resource Adequacy *

Adequate Resources

Limited Resources

Under-resourced

No Resources

D.3 Fraud Prevention & Detection

D3.1 Fraud Risk Assessment *

Annual Assessment

Periodic Assessment

Ad-hoc

No Assessment

D3.2 Whistleblower Policy *

Formal Policy

Informal Channel

No Policy

Discouraged

D3.3 Fraud Detection Controls *

Automated Monitoring

Manual Reviews

Basic Controls

No Controls

D3.4 Investigation Protocol *

Formal Protocol

Ad-hoc Approach

No Protocol

External Only

D3.5 Fraud Training Frequency *

Annual Training

Periodic Training

One-time Training

No Training

D.4 IT Controls & Cybersecurity

D4.1 IT General Controls *

Comprehensive

Basic Controls

Minimal Controls

No Controls

D4.2 Access Controls *

Role-based Access

Basic Access Controls

Shared Access

No Controls

D4.3 Change Management *

Formal Process

Informal Process

Ad-hoc Changes

No Control

D4.4 Backup & Recovery *

Automated Backups

Manual Backups

Irregular Backups

No Backups

D4.5 Cybersecurity Framework *

NIST/ISO Implemented

Basic Security

Minimal Security

No Framework

E.1 Tax Compliance Status

E1.1 Overall Tax Compliance *

Fully Compliant

Mostly Compliant

Partially Compliant

Non-compliant

E1.2 Tax Filing Timeliness *

Always Early

On Time

Occasionally Late

Frequently Late

E1.3 Tax Penalty History *

No Penalties

Minor Penalties

Significant Penalties

Ongoing Issues

E1.4 Tax Audit History *

No Audits

Clean Audits

Issues Found

Ongoing Audit

E1.5 Tax Provision Accuracy *

Accurate Provisions

Rough Estimates

No Provisions

Year-end Only

E.2 Tax Types & Management

E2.1 Corporate Income Tax *

Optimized Strategy

Basic Compliance

Reactive Approach

No Strategy

E2.2 VAT Compliance *

Registered & Compliant

Registered, Irregular

Not Registered

Should be Registered

E2.3 PAYE/WHT Compliance *

Fully Compliant

Mostly Compliant

Partial Compliance

Non-compliant

E2.4 Transfer Pricing *

Full Documentation

Basic Documentation

No Documentation

Not Applicable

E2.5 Customs & Duties *

Optimized Duty Management

Basic Compliance

Issues with Compliance

Not Applicable

E.3 Tax Planning & Strategy

E3.1 Tax Planning Approach *

Proactive Planning

Annual Planning

Reactive

No Planning

E3.2 Tax Incentives Utilization *

Maximized Incentives

Some Utilization

No Utilization

Unaware

E3.3 International Tax Considerations *

Comprehensive Planning

Basic Compliance

No International

Unmanaged

E3.4 Tax Risk Management *

Formal Framework

Informal Management

Ad-hoc

No Management

E3.5 Tax Technology Usage *

Automated Systems

Spreadsheet Based

Manual Processes

No System

E.4 Regulatory Compliance

E4.1 Regulatory Change Monitoring *

Proactive Monitoring

Reactive Updates

No Monitoring

Unaware

E4.2 Industry-specific Compliance *

Fully Compliant

Mostly Compliant

Partial Compliance

Non-compliant

E4.3 Licensing & Permits *

All Current

Some Expired

Many Issues

No Tracking

E4.4 Environmental Compliance *

Full Compliance

Basic Compliance

Non-compliant

Not Applicable

E4.5 Data Privacy Compliance *

NDPR/GDPR Compliant

Basic Compliance

Non-compliant

Unaware

F.1 Financial Planning & Analysis

F1.1 Budgeting Process *

Rolling Forecast

Annual Budget

Partial Budget

No Budget

F1.2 Forecasting Accuracy *

>90% Accurate

80-90%

70-80%

<70%

F1.3 Financial Modeling Capability *

Advanced Models

Basic Models

Spreadsheet Only

No Modeling

F1.4 KPIs & Metrics Tracking *

Real-time Dashboard

Monthly Reports

Limited Metrics

No Tracking

F1.5 Scenario Analysis *

Regular Stress Testing

Occasional Analysis

No Analysis

Not Needed

F.2 Cash Flow Management

F2.1 Cash Flow Forecasting *

13-Week Rolling

Monthly Forecast

Annual Only

No Forecast

F2.2 Working Capital Management *

Optimized

Managed

Reactive

Crisis Management

F2.3 Debt Collection Process *

Systematic Process

Ad-hoc Follow-up

No Process

External Agency

F2.4 Payment Terms Optimization *

Strategic Terms

Standard Terms

Poor Terms

No Strategy

F2.5 Liquidity Buffer *

>3 Months Coverage

1-3 Months

<1 Month

No Buffer

F.3 Capital Structure & Financing

F3.1 Debt Management Strategy *

Optimized Structure

Managed Debt

High Leverage

No Strategy

F3.2 Cost of Capital Analysis *

Regular Analysis

Occasional Analysis

No Analysis

Not Relevant

F3.3 Equity Management *

Strategic Management

Basic Management

No Strategy

Not Applicable

F3.4 Funding Strategy *

Diversified Sources

Single Source

Owner-funded

No Strategy

F3.5 Investor Relations *

Professional IR

Basic Communication

Limited Communication

No IR

F.4 Strategic Advisory & M&A

F4.1 M&A Readiness *

Full Preparedness

Basic Preparedness

No Preparation

Not Considering

F4.2 Due Diligence Capability *

Internal Capability

External Support

Limited Capability

No Experience

F4.3 Valuation Expertise *

Internal Expertise

External Advisors

Basic Knowledge

No Knowledge

F4.4 Integration Planning *

Formal Integration Playbook

Ad-hoc Integration

No Planning

No Experience

F4.5 Divestiture Strategy *

Active Strategy

Reactive Approach

No Strategy

Not Relevant

G.1 Growth Strategy & Targets

G1.1 Growth Rate Target (3 Years) *

>30% CAGR

20-30%

10-20%

<10%

No Target

G1.2 Market Share Objectives *

Aggressive Growth

Moderate Growth

Maintain Share

No Objectives

G1.3 Geographic Expansion Plans *

International Expansion

Regional Expansion

National Growth

No Expansion

G1.4 Product/Service Expansion *

New Markets

Line Extensions

Core Focus

No Expansion

G1.5 Digital Transformation Strategy *

Comprehensive Strategy

Basic Strategy

Ad-hoc Initiatives

No Strategy

G.2 Funding & Investment Plans

G2.1 Capital Requirements (Next 3 Years) *

>₦1B

₦500M-1B

₦100-500M

<₦100M

None

G2.2 Funding Strategy *

Equity Financing

Debt Financing

Internal Funds

Mixed Approach

No Plan

G2.3 Investment Priorities *

Technology

People

Marketing

Operations

R&D

Please select at least one option

G2.4 ROI Measurement Framework *

Formal Framework

Basic Tracking

Ad-hoc Measurement

No Measurement

G2.5 Exit Strategy Clarity *

Clear Strategy

General Idea

No Strategy

Not Considering

G.3 Capability Development

G3.1 Talent Development Strategy *

Comprehensive Program

Basic Training

Ad-hoc Development

No Strategy

G3.2 Technology Roadmap *

3-Year Roadmap

1-Year Plan

Ad-hoc Upgrades

No Roadmap

G3.3 Process Optimization Focus *

Continuous Improvement

Periodic Reviews

Reactive Improvements

No Focus

G3.4 Innovation Investment *

Dedicated R&D

Innovation Budget

Ad-hoc Innovation

No Investment

G3.5 Partnership Strategy *

Strategic Alliances

Basic Partnerships

Ad-hoc Partnerships

No Strategy

Your responses will be used to generate a comprehensive business maturity assessment report.

BUSINESS SELF-ASSESSMENT QUESTIONNAIRE

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