- A Great Lesson for CFOs from the Sporting World
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- Here is a short lesson for Chief Financial Officers from athletes. In most sports, like business, success is measured in degrees and is often the culmination of many small victories and small failures. For example, in American football, the cornerback – a player whose main job is to defend against the forward pass by the opposing team – fails over 65% of the time, the percentage of forward passes completed in Professional Football. How do cornerbacks thrive – the best make over USD 30 million/year – when their success rate is less than 35%?
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Take Assessment Watch Video- CFO Talkx - 2024 Data, Analytics and AI Predictions and Prescriptions for CFOs - Arun Marar
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- The comprehensive research report, The 2024 Data, Analytics and AI Predictions and Prescriptions for CFOs, offers invaluable insights to CFOs navigating these quickly evolving technologies and disciplines, including the 2024 Predictions and Prescriptions for CFOs on Data Science and Data Engineering by Arun Marar
- Why We Need ‘Psychological Safety’ to Do Our Best Work
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- Today, employees at all levels spend 50 percent more of our work time collaborating than we did 20 years ago. As a result, our need for supportive environments is greater than ever.
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
