- The Perils of Ignoring The Income Trap
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- In Do You Know What the Income Trap Is? Joe Connors introduced us to a malady inflicting many business leaders, The Income Trap. It’s a trap that occurs when a business spends too much time on the income statement at the expense of prudently managing the company’s financial reserves on the balance sheet. By comparing examples of companies like Enron and Amazon, and personal anecdotes, Joe illustrates how focusing solely on income can lead to financial instability.
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Take Assessment Watch Video- 7 Ways to Decrease Workplace Distractions & Increase Productivity
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- Four-day work weeks and unlimited paid time off sounds like workplace heaven. It also sounds like a recipe for attendance and productivity disasters. When I spoke with Joyce Maroney, the executive director at the Kronos Workforce Institute, I became even more convinced that giving employees flexibility and more time to focus on their personal lives can increase productivity and engagement.
- CFO Talk: A Story of Financial Transformation with Hiten Keshave
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- Steve: Welcome to CFO Talk. My name is Steve Rosvold. I am the founder of CFO.University. Today, we have Hiten Keshave with us. Hiten is the CFO at PRP Solutions in Johannesburg, South Africa. He’s gone through a finance transformation at his company that I’m excited to have Hiten share with our Member Scholars. Welcome, Hiten.
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
