- Risk Management for CFOs - Part I of II
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- What does it take to create a strong governance and internal control environment?
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Take Assessment Watch Video- Why Your Company Needs a Good Banking Relationship
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- How many times have you heard somebody say, “Banks only lend to companies who don’t need the money?” I have heard that comment frequently during my career. Now, with the benefit of hindsight, I realize it was those companies who valued their banking relationships and were always prepared to talk to the bank who received the funding. The first step in building a solid bank relationship is to value what a bank can mean for you. Many executives still view a bank as a vendor, selling money, rather than a partner, providing ideas and solutions to improve their business. If you have chosen your banker wisely they will have the experience, tools and contacts that can be invaluable to a business that doesn’t have an unlimited budget for consulting expertise. If you still don’t think your banking relationship is critical here are some more reasons executives should maintain a good working relationship with their bank.
- Victor’s 10 Reflections on Leadership - 2. Invest the time in individual growth that adds to team success
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- Joining us from Wichita, Kansas today is Victor Ojeleye to discuss one of his 10 Reflections on Leadership. The second reflection I want to ask you about is Invest the Time In Individual Growth That Adds To Team Success. What does that mean to you and would you share a couple examples with us?
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
