How is the finance function tied into company strategy?
During times of crisis, companies go through major restructuring. The Finance and Accounts departments are among the worst affected, often asked to cut costs, analyze risks, and deal with uncertainty.
One of the truths about our lives is that comparisons will never end. When a child is growing up it is all but natural for parents to monitor how their kid is developing
True story. Middle-aged finance professional Marsha in the USA quit her fancy executive job and decided to create a new story of her own. She wanted to put her financial prowess to good use and educate and empower people on their financial abilities, without all the stress and seriousness.
CFOs have changed conventional accounting by shifting to ERP systems in the early 90s, and to AI in the 2000s.
Traditionally, CFOs were the history keepers, accurately keeping records of an organization’s past. However today, CFOs face greater responsibilities than just manage financial transactions and produce reports that explain the company status; CFOs are also asked to be predictive.