- 5 Ways Finance & Accounting Make a Difference
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- I start with a story. Once upon a time there was a young couple who used to go to the beach for a walk together every Friday morning before they made their way to work . . . . . . Early one morning after a big storm had passed they were walking along the shoreline and found a vast beach littered with starfish as far as the eye could see, stretching in both directions.
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Take Assessment Watch Video- Overcoming the Challenges CFOs are Facing Today
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- Lynne Sampson, caught my attention in an article she published earlier this year, Top Challenges for CFOs*. In the article she lists the top 10 challenges currently facing CFOs. It’s a good list. There is also an excellent chance you are wrestling with one or more of these challenges today. With that in mind, below are resources to help you overcome any of the 10 challenges you are facing today. Share this liberally with your team to get over these hurdles faster and grow their capabilities. A Win-Win!
- CFO Lessons Learned And Benefits From Being An Outside Board Director
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- I was recently asked to join a Board of Directors at a local Community Bank that operates in Arizona, Nevada and California. The experience has been a valuable one for me; starting with the interview process and up to our most recent meeting.
Governance & Controls – structure and controls.
Transaction Recording – systems, transaction processing and closing the books.
Reporting - efficient, timely and accurate information for decision making and meeting compliance requirements.
Accounting
Business Planning - provide the financial roadmap for the company with supporting analytics.
Financial Forecasting - integrate the company’s current performance relative to budget with the real-time business environment.
Investment Analysis - the framework to analyze new opportunities as they present themselves.
Finance
Cash Management - the discipline to ensure cash is available to operate the business normally.
Funding - Planning for and raising funds to meet the needs of the business.
Risk Management – Identification and mitigation of key business risks.
Treasury
Self-Awareness - Internal.
Team Building - External.
Strategy & Culture – Motivate people to follow you.
Leadership
Four Pillars of Executive Expertise
CFO.University is built around the Four Pillars of CFO Success. These Pillars are supported with Core Competencies. Our framework allows you to master your role as a senior financial officer. The Four Pillars are made up of:
Accounting – Governance & Controls, Transaction Recording and Reporting
Finance – Business Planning, Financial Forecasting and Investment Analysis
Treasury – Cash Management, Funding (Capital Raising) and Risk Management
Leadership – Self Awareness, Team Building and Strategy & Culture
