Several years ago, at an Oregon Society of CPAs event, I gave a talk to a room of about 30 CFOs. The title was something like, “How to Determine if Your Sales-Department’s Sales Forecast is in Touch with Reality.”
During the talk I polled the audience with two questions.
This video was produced as part of the Washington State University MAP Alliance program on Strategic Planning for Your Business Exit. It covers the role of financial management in creating a successful exit.
Talent acquisition, development and retention have always been an ingredient for business success. Since the 1970s a transition has taken place. Talent has universally become the essential ingredient responsible for corporate success.
Good written risk documentation is both an art and a science; in the perfect world blending the writer and subject matter expert as one. Unfortunately, we do not live in a perfect world and this blend is difficult to find. Too many risk documents have either been badly written by the subject matter expert and or have been deemed content light and aspirational by the writer.
Would you two explain how CFOs should be preparing their businesses to take full advantage of modeling? What are the benefits of modeling? And what advice would you give them?
