- What Type of Variance Analysis Creates the Most Potential for Insights
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- We polled our community to determine, What Type of Variance Analysis Creates the Most Potential for Insight. The results weren’t surprising but the margin was.
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Take Assessment Watch Video- For Chief Financial Officers: A Practical Approach to Using Artificial Intelligence - Part IV
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- There are four major investments you’ll need to make to use AI successfully in your business. 1. Develop an AI Strategy: This investment is about learning how to apply AI to your activities and selecting your best course of action. Consider using outside experts to help augment your thinking in this area if you are just starting your AI journey.
- CFOs Must Build a Solid Foundation First
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- I have read a myriad of articles and blogs regarding the CFO role that.. Claim the role is going the way of the dinosaur. Claim a CFO who doesn’t have a digital transformation plan being implemented yesterday is about to have the earth fall from under their feet. Claim if you don’t have to communication skills of Winston Churchill or Martin Luther King your chance of getting a CFO role are slim to none.
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
