Anand Soni shared a few of his insights regarding the changing role of the CFO in this CFO Talk – The “Business CFO”.
He explains the changes in the role over the past 5 years and how that change seems to be accelerating. The roles of compliance and reporting aren’t going away, while the strategic and commercial aspects of the role keep growing.
For many accountants there is confusion and a lack of consensus with how to allocate costs to products and service lines. I refer to this as “a mystery in a box to accountants”. To solve this mystery here are three lectures to accounting professionals and students from a skilled and experienced accountant – me – that explains the problem and how to solve it. Even if you believe you have already ‘graduated’ from a “Cost Accounting” course in college or have a CPA, I encourage you to sit in the back of our virtual lecture hall and audit these three lectures.
If you work in FP&A or across finance, you often feel like you have keys to a “city” with all the necessary data at your fingertips. Your department is one of the few that have the lens into the overall health of the company – past, present, and future.
Financial professionals think of business investments in a relatively straight forward fashion: When will I get a return on this investment? Is the investment worth it? Do I have the budget?
“LL states that the long-term average number of customers in a stable system L is equal to the long-term average effective arrival rate, λ, multiplied by the average time a customer spends in the system, W.
Expressed algebraically, LL appears quite simple: L = λ W
