- Quality vs Speed: Why Chasing Perfection to the Penny Holds You Back
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- Before discussing speed versus precision, it is important to separate historical reporting from forward looking analysis. Historical financial data such as the performance P&L and balance sheet must always be accurate. These numbers represent facts and are the basis for trust, accountability and decision making. There is little flexibility here and the trade off between speed for quality has high diminishing returns. Zach Kritikos explains why this is different for forecasts and how you can leverage those differences.
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Take Assessment Watch Video- The CFO and Sustainable Finance Part I
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- This article kicks off a four part series from Gustavo. Including effective sustainability concepts into the financial strategy of companies is a major challenge CFOs face today. The implementation of sustainable business models presents several aspects to consider. Among them, new skills that must be acquired to meet the requirements, complying with reporting obligations, complications arising from using non-financial indicators and compliance with the different global and local regulations stand out. In this article we will address the skills that CFOs must develop to get the most out of these initiatives.
- CFO TALK - Evaluating Our Most Valuable Resource with Dave Bookbinder
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- Dave Bookbinder, a business valuation expert, author of the new ROI Return on Individuals and host of the Behind the Number show delivers an insightful message on how leaders can manage their talent as their most important asset, rather than the traditional method of treating talent as an expense. In fact, Dave argues our accounting methods in general do a poor job of capturing the true value of human capital. Watch Dave’s CFO Talk for more on evaluating our most valuable resource.
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
