The Defining Attributes of a Successful CFO: Accounting
Do your Recording and Reporting systems lend transparency to your business? Is your corporate structure and governance process in line with your size, goals and culture. In this first segment on our Series: The Defining Attributes of a Successful CFO, we explain the importance of Accounting, as a key pillar in the house of the Chief Financial Officer.
Setting up and administering the legal and operating structure of an entity is a key responsibility of the CFO role. Creating a sound foundation for internal controls to protect corporate assets and reduce the risk of incurring unanticipated liabilities is also part of this Core Competency.
Record keeping and closing the books are the foundation for creating useful internal information about your business. The architecture behind excellent recording systems and processes prevents errors, minimizes inputs and is time sensitive.
Financial and managerial reporting must result in information you can trust and create transparency into business operations. It must also help you make great choices. Efficient, timely and accurate reporting systems lead to better and quicker decisions. This clarity is crucial for each of your stakeholders – shareholders, creditors, customers and employees.
Governance I: Introduction to Governance
This course will focus in setting up and administering the governance for a business. We’ll cover Legal structure and oversight responsibilities. The principles learned in this course are foundational to building a business that will survive for years to come.
Governance II: Intermediate Internal Controls
This course covers Internal controls, the process for assuring achievement of an organization’s objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. We use the internationally adopted COSO model as a platform for learning in this course.
Transaction Recording I: Introduction to Recording
This course offers training in best practices for recording transactions. The focus is on timely, efficient and innovative operations. CFO.University recognizes information as an asset that decays in value over time and processes we put in place at our businesses must adhere to this reality for long term success.
Transaction Recording II: Intermediate Recording
This course offers extended training and process tools to improve the recording process. The focus is on timely, efficient and innovative operations. CFO.University recognizes information as an asset that decays in value over time and processes we put in place at our businesses must adhere to this reality for long term success.
Reporting: Introduction to the Financial Closing Process
This course leverages the learning from Transaction Recording I: Introduction to Recording to create a more effective financial closing process. The focus is on improving the process to deliver more useful information quicker and at a reduced cost. This will drive value in your business by creating better and faster decisions at a lower cost.
Reporting I: Introduction to Reporting
This course will help identify the financial information needs of the company. You’ll go through a number of exercises to assist you in identifying the most important information needs for your business.
Reporting II: Intermediate Reporting
This course will teach you how to summarize data, report it in more meaningful ways and keep you focused on information that will improve the business.