- What is the First Step on the Road to CFO Success? And How Do We Take It?
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- You might already have an answer to the first question in the article title. Believe in yourself. So, the follow-up question is how do you come to believe in yourself? By preparing to perform a task or role. That is what builds the confidence in our ability to be successful. We suspect you agree. Ok, how can you plan the preparation and execute the plan to ensure you feel prepared?
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Take Assessment Watch Video- Introducing Otto the Audit Bot
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- I tried to stifle images of Dr. Frankenstein’s laboratory on that stormy night when his creation came to life. The mix of awe and terror as his creation’s eyes flicker awake … But there I was. After just a few short hours of bumbling my way through a handful of coding templates I found online and several rounds of working with ChatGPT and Bard to QC my sloppy code, I was conversing with my own fine-tuned audit expert robot, whom I’d just named Otto.
- Data security: real risks, real results
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- As a small-business owner or manager, you may think your company is too small to be concerned about data breaches and data risk management. If so, you aren’t alone. Sixty-eight percent of business owners surveyed in 2017 by the HR firm Paychex reported that they are not concerned about cyber threats. And to the extent they are concerned, they assume others will feel the pain.
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
