- 3 Way Thinking For The Finance Professional And Its Role In Creating Value
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- Most people think that business involves decisions around selling more stuff or spending less money, and accountants would typically record the results of these types of activity in a profit and loss or net income statement, but is this enough to ensure enterprises achieve sustained profitable growth?
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Take Assessment Watch Video- Navigating Remote Work: Q&A with Suzi Wear
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- COVID-19 has the business world spinning, so I figured you’d enjoy hearing from Suzi Wear, VP of Culture and People Development at Xenium HR, about how to manage remote work and effective communication through all the chaos. Check out the discussion below from our live webinar, and find some advice for some of the issues that may be impacting your organization.
- Human Resource Department Return on Investment Model
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- A few years ago I was asked to give a presentation to the local chapter of the Society of Human Resources Management. They were interested in learning about finance and how to apply it to human resources. Initially I gave them a primer on accounting/finance 101, linking it to personnel management. As the discussion moved on, a number of participants lamented about their Human Resources department having a difficult time expressing the financial value they add to their company.
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
