CFOs must prioritise or face overload, says ACCA
Finance chiefs must make tough decisions to focus on the paramount issues for them and their business
Finance chiefs must make tough decisions to focus on the paramount issues for them and their business
THE SHEER BREADTH of the CFO role means that prioritising has become the key to top performance, according to ACCA.
Economic uncertainty coupled with shifting energy prices and currency markets are among the main challenges that a CFO will have to face, according to ACCA/IMA Changing Role of the CFO study.
As businesses expect more of their CFO, the finance function will come under greater pressure. But high-quality performance is a great boost to the CFO’s career, and such reliance on the function allows them to exert influence over the business’ direction.
“Apart from the sheer breadth of the role now, it really is a question of having enough time in the day to prioritise and deal with all the issues that need dealing with,” said Jamie Lyon, head of corporate sector at ACCA.
“Businesses are really asking a lot from their top finance leaders right now and we don’t see this getting any easier, particularly with the level of volatility and business uncertainty. It places the finance function and finance leaders under great pressure and scrutiny, but it also continues to provide great opportunities for finance to influence the organization. The CFO role of the future will be truly unique, requiring a really special blend of capabilities and skills.”
More about:
The numbers you crunch tell a story. Your expertis...
11yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleAccountancy Age is launching its its inaugural Women in Finance ranking – and calling on you to vote! Read More...
View articleAccording to Robert Half’s annual FTSE 100 CEO Tracker, one in four FTSE 100 bosses hold accounting qualifications Read More...
View articleHerbert-Jones informed the board and CEO Michel Landel several years ago that she would "pursue other projects as from 2016" Read More...
View articleColin wonders whether Disney's first female CFO Christine McCarthy will find the job any different to other finance posts Read More...
View articleFRC bans former Aero Inventory finance director Hugh Bevan from practicing for three years and slaps him with a £170,000 fine Read More...
View articleAccountants and lawyers are obsessed with hiring grads from 'posh' schools; and inspirational lessons learned from the CFO Agenda 2015, are discussed ...
View articleStephen Harvey's departure marks a triple whammy for the Exeter-based business, which has now lost its third finance chief in two years Read More...
View articleHugh Bevan, John Clennett and Deloitte to face Aero tribunal Read More...
View article