- Developing Greater Self-Awareness
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- Developing self-awareness is important work. It is not easy. Most work to better understand ourselves and become better leaders isn’t easy. This is what makes it significantly important.
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Take Assessment Watch Video- Grasping the Financial Situation
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- One of the first steps necessary by the CFO is to assess the financial well-being of the organization – which areas are doing well and which areas require intervention. Oftentimes, the first place to seek understanding of the financial well-being of the organization is to examine the organization’s financial statements.
- The Tragedy of the CFO Staying in Their Own Lane
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- Years ago, a global consulting company, developed the slogan, “Each employee comes with their own brain at no extra cost.” In the years since coming across that slogan, I have had the opportunity to deliver talks to the Oregon Society of CPA’s, Institute of Management Accountants, the Financial Executives Network Group, and other professional organizations with Finance and Accounting professionals in the crowd.
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
