10 Reasons Why Every Manager Should take a Finance Course

Great Leadership By Dan

We just finished a “ Finance and Accounting for the Non-Financial Manager ” program this week for a large client. Yes, you too can speak like a CFO! Finance and accounting is very sexy! finance leadership business acumen finance and accounting for leaders finance The audience was mostly engineers – program and project managers, the ones in charge of designing and making complex stuff. It was 3.5

The Top Five Dashboards Every CFO Should Review Daily

The Kini Group

The CFO’s responsibilities have migrated far from the typical numbers focus and cost analysis to growth strategy, sales tactics, and even human resources. This evolution of the role of CFO has created a demand for more oversight. Finance executives need to monitor so many metrics.

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Tony’s Interview with Healthcare Finance News

Tony Mayo

However, once you move from being a bookkeeper to being a CFO, you are dealing with the future […]. Tips for CFOs to survive the transition to value Give up clinging to the illusion of certainty, said executive coach Tony Mayo. Accounting is a black and white world and as such attracts people who like certainty. For Executives Micro-Managers Organizational Leadership Personal Goals

Complimentary Resource – The CFO’s Cheat Sheet to Compensation Risk & Reward

Strategy Driven

The CFO’s Cheat Sheet to Compensation Risk & Reward. Finance leaders; find out how to stop struggling with time-consuming, inaccurate incentive compensation processes. Click here for more information on The CFO’s Cheat Sheet to Compensation Risk & Reward.

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A Merging of Minds: Finance and Sales Collaboration for Increased Profitability

The Kini Group

You’re sitting at your desk, reading an email from a colleague in the finance department: “We can’t approve the discount on the deal you’re trying to close. A lack of communication and teamwork between the sales and finance departments creates major frustration.

Krigsman’s 2012 trends: three quick takes

Crossderry Blog

Filed under: PMO Tagged: Application Development , Business Structures , CFO , Cloud Computing , Emerging Technologies , Finance , Managed Hosting , Michael Krigsman , Mobility , On Demand , Oracle , SaaS , SAP , SYSPRO , Vendor Committment , Wireless And Mobility. PMO Application Development Business Structures CFO Cloud Computing Emerging Technologies Finance Managed Hosting Michael Krigsman Mobility On Demand Oracle SaaS SAP SYSPRO Vendor Committment Wireless And Mobility

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Krigsman’s 2012 trends: three quick takes

Crossderry Blog

Filed under: PMO Tagged: Application Development , Business Structures , CFO , Cloud Computing , Emerging Technologies , Finance , Managed Hosting , Michael Krigsman , Mobility , On Demand , Oracle , SaaS , SAP , SYSPRO , Vendor Committment , Wireless And Mobility. PMO Application Development Business Structures CFO Cloud Computing Emerging Technologies Finance Managed Hosting Michael Krigsman Mobility On Demand Oracle SaaS SAP SYSPRO Vendor Committment Wireless And Mobility

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How the CFO and General Counsel Can Partner More Effectively

Harvard Business Review

What receives far less attention is that, more and more in our increasingly complex, volatile, and fully-globalized business world, the effectiveness of such action depends on a powerful partnership between the Chief Financial Officer (CFO) and the General Counsel (GC).

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157: The Aspiring Leader — Successfully Step into a New Leadership Role | with John Lawler

Engaging Leader

Perhaps you’re the Director of Finance, and you’ve just been tapped to become the new CFO. Perhaps you’re the Director of Finance, and you’ve just been tapped to become the new CFO. Is your sight set on a new leadership role?

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How Big Data Brings Marketing and Finance Together

Harvard Business Review

Rajamannar involved finance early. To spearhead analytic efforts, he assigned a finance person – who was already embedded in marketing – to create an ROI evaluation framework and integrated her deeper into the marketing function. Advertising Finance Marketing

When It Pays to Think Like a Finance Manager

Harvard Business Review

If you want approval for a new project — purchasing new equipment or computer systems, applying for a patent, building a new store — chances are you need your company’s finance department on board. To get the green light, it helps to understand how finance people think.

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Shifting Finance from Controlling to Improving

Harvard Business Review

Yet this is exactly the challenge facing leaders of the finance function who are asked to help their organization improve the way that work is done. As finance shifts its focus from controlling costs to advising managers on improvement activities, CFOs must change their thinking and behaviors. Getting the CFO on board is key. CFO Tim Olson of ThedaCare , a healthcare system in Wisconsin, went through a similar conversion. Finance Operations

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Why Can't a CIO Be More Like a CFO?

Harvard Business Review

Unlike the world of the CFO, management and staff generally do what they like when it comes to creating and (not) disposing of information, creating a cavernous gap in accountability. Information governance is not IT''s job. But it should be the CIO''s job.

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Is #MeToo Backlash Hurting Women’s Opportunities in Finance?

Harvard Business Review

Through the decades, as she’s climbed the ranks to become a CFO of publicly traded company, I’ve often told these stories to show how much more opportunity exists in the workplace today. As someone who works in finance and is currently a student in the executive MBA program at the Wharton School, I’ve heard men say that they’re less likely to hire or associate with women as a result of the intensity of MeToo. Cláudio Policarpo/EyeEm/Getty Images.

These Are the People You Need on Your Startup Team

Chart Your Course

Business leadership researchers tell us that the best traits for your CFO are emotional stability and global ethics. In the days after the Sarbanes-Oxley Act of 2002 (SOX), a chief executive cannot hide behind the acts of the CFO.

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Money Management Tips Every Business Should Consider

Strategy Driven

Of the many key aspects of your business, finances are one of the most important. In light of this, you should continuously look for ways to ensure that your business finances are well managed. Running a business is something that takes grit and resilience.

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CEOs: Don't Sabotage Your Successors

Marshall Goldsmith

A CEO asked me to coach his potential successor, the CFO. It didn't take long before I just felt that the CEO just didn't like the CFO. I brought it to his attention: "I just don't think you like the CFO." No, along with being great in finance, he is strong enough in all of the other functions to do a fine job as the chief executive," the CEO concluded. However, the CEO now concluded that the CFO lacked the "adequate marketing skills."

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Who’s Better at Strategy: CFOs or CSOs?

Harvard Business Review

The 1990s saw the rise of the strategic CFO, and more recently many companies have created a chief strategy officer (CSO) position. Such friction is destructive — and a huge missed opportunity, because the CFO and the strategy head are far more effective when they collaborate.

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CMOs, Build a Relationship with Your CFOs

Harvard Business Review

But this makes the still lingering CMO-CFO disconnect even more significant, as both executives are now stewards of that critical corporate data. After having collaborated at David's Bridal to build a more effective marketing function (and actually enjoying it), we decided to share some of our observations, from both the perspective of the CFO (Gene) and CMO (Kimberly). In your preliminary discussions with the CFO, establish clear definitions, success criteria, and formulas.

5 Reasons CFOs Struggle with Financial Reporting (and How to Overcome the Challenges)

The Kini Group

On top of these two pressure points, the finance department must be transparent about its purchases. As a result, finance ends up building financial reports primarily just to show this metric instead of finding actionable insights for profit improvement within their data.

Cooperation and Outward Spiraling Success Loops

Create Learning

The finance team in a Health Care Company. Was struggling with sales representatives and project managers turning in expense and budget reports on-time…They told me “We have tried everything and our CFO is tired to putting out fires for us.”. We know the Resistance Loop.

5 Reasons CFOs Struggle with Financial Reporting and Analysis (and How to Overcome the Challenges)

The Kini Group

On top of these two pressure points, the finance department must be transparent about its purchases. As a result, finance ends up building financial reports primarily just to show this metric instead of finding actionable insights for profit improvement within their data.

Unemotional Leadership—an Oxymoron

Lead on Purpose

The leading candidate is the scheming CFO played by Frederic March, a passionless, colorless bean counter groping for power, but with no vision beyond increasing dividend payouts to stockholders. Andrew Cravenho is the CEO of CBAC Funding, an innovative invoice finance company. Guest post by Andrew Cravenho. I recently watched a rerun of Executive Suite , based on Cameron Hawley’s book of the same name.

7 Guiding Principles for Developing Leadership Talent

Leading Blog

Your talent assessment/development systems should have as much “rigor and repeatability as systems used for finance and operations.” Elevate it to the same level as the CFO. People deliver numbers. If you want the numbers, you need the people. As a leader you need to know how to judge raw human talent. In The Talent Masters , Bill Conaty and Ram Charan explain how to do it. To develop talent, you need to become intimate with your people; to know the essence of each individual.

Communicating at All Levels of the Organization | Survive Your.

Survive Your Promotion

CFO – Three words… cost benefit analysis. The shorter the time period over which a project will pay for itself, the more likely the CFO will be interested in hearing more about it. Survive Your Promotion!

How CFOs Can Take the Long-Term View in a Short-Term Economy

Harvard Business Review

This, in turn, is triggering a shift in the perceived role of the CFO — from bean counters to planters of seed corn. Redefining the CFO role. That’s why the CFO needs to take charge of telling that growth story to investors while clearly communicating the higher beta.

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Leadership and Product Management

Lead on Purpose

Accounting/Finance: This group is often completely ignored by product management. Smart product managers know the value of having allies in the CFO’s office.

Introducing 100 Coaches: Pay It Forward Champions

Marshall Goldsmith

Darek Lenart – Senior VP HR, Finance MasterCard. Facebook’s first HR hire, she has led global people programs, been an HR Business Partner, and CFO. His vast experience from serving on the Committees of Finance, Judiciary, Education, and Rules.

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What It Will Take to Fix HR

Harvard Business Review

In the July/August issue of HBR , Ram Charan argues that the Chief Human Resources Officer (CHRO) role should be eliminated, with HR responsibilities funneled in two separate directions — administration , led by traditional HR-types, reporting to the CFO; and talent strategy , led by high-potential line managers, reporting to the corner office. What would the capital markets look like today if a similar tack had been taken when the CFO role was ripe for transformation?

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IT and matrixed organizations

Crossderry Blog

In other words, there are always risks in CIO reporting relationships — e.g., to the CEO can mean that IT gets too detached from day-to-day execution, to the CFO can mean too much emphasis on cost cutting, etc. More interesting read on a tangential topic from the LinkedIn CIOs.com Network – Should the CIO report to the CFO or CEO and why?

You Can't Argue With Crazy | N2Growth Blog

N2Growth Blog

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The Disconnected Leader | N2Growth Blog

N2Growth Blog

If your CFO handles all communications with your banking relationships, and your Chief Investment Officer handles all of your investor relations, you’re flat out missing the boat.

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Bad Boss Blues « Survive Your Promotion!

Survive Your Promotion

But when I present to the CFO or any other detail oriented, process focused individual, I adapt my style. I create an in depth cost benefit analysis and make sure I run the presentation by another finance person before I send it off to the big chief. Survive Your Promotion!

Providing Earnings Guidance? Think Again

Harvard Business Review

This in turn can produce whisper numbers in the market, making it confusing to discern whether the company has in fact met or exceeded the market's expectations and perhaps eroding the CFO's credibility with the investment community. I have reached this conclusion after an evolution in my thinking, which was profoundly influenced by my experience as a CFO during the recent recession and financial crisis. Communication Finance

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How CMOs Can Get CFOs on Their Side

Harvard Business Review

This lack of an analytical approach has traditionally formed a barrier between marketing and finance. In our work with clients across dozens of sectors over more than five years, we have found that the strongest CMO/CFO partnerships develop when both parties undertake five actions: 1. CMOs do have plenty of data, of course, but it’s often not the data that the CFO is looking for. But it’s no good speaking the same language as the CFO if marketing itself is a Tower of Babel.

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Why HR and the CEO Should Be Joined at the Hip

LDRLB

The day the Jacobs Suchard (now part of Kraft Foods ) Board of Directors promoted me to the C-Suite, they strongly suggested I align myself with the CFO. The advice proved excellent, and for the rest of my days in the corner office I was joined at the hip with an outstanding finance executive who is now the CFO of Lindt & Sprüngli , the world’s leading chocolatier.

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Should Companies Retain "Strategic" Cash?

Harvard Business Review

This raises the question of whether retaining strategic cash makes economic sense and should be viewed as a legitimate corporate finance tool in today's environment. As long as the CFO can stipulate that the company does not intend to repatriate the cash, it avoids the incremental tax that will be levied due to the territorial system of U.S. Finance Global business Managing uncertainty

Avon CEO Andrea Jung Takes Seat on Apple's Board :: Women on Business

Women on Business

She’s taking over the seat formerly occupied by Apple’s former CFO, John Anderson, who resigned amidst a stock options backdating scandal.

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Female Leadership on the Decline in Canada :: Women on Business

Women on Business

CEO, CMO, COO, CIO, CFO, etc.),

What If Google Had a Hedge Fund?

Harvard Business Review

Every CEO, CMO, CFO, and business unit leader should ask themselves these questions: If I decided to launch a hedge fund based solely on the data our business generates, what kind of financial opportunities immediately suggest themselves? Finance Google Information & technologyGoogle's Sergey Brin knows a multibillion investment opportunity when he sees one.

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The Shape of the Meaning Organization

Harvard Business Review

Roughly, I'd suggest that they're strategy, marketing, finance, and the rest of the drear, dismal, passionless stuff that makes most of us snooze through meetings and dread the arrival of Monday morning, dilberting our joint prosperity, perpetually disappointing our ever-more apathetic customers, and gleefully embezzling from the future. And the wisdom group's lifeblood wouldn't be in the hands of a finance team — but in the hands of what you might call a significance team.

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Competing on Service: Eleven Ways to Beat the Competition by ‘Hugging’ Your Customers

Strategy Driven

The U.S. economy is still in a deep funk, and for many small business owners that means business isn’t exactly booming.

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How to Kill Quarterly Earnings Guidance

Harvard Business Review

If you want to move away from this practice there are a few, clearly defined steps the CEO or CFO can take (importantly, the message should come from one or the other of those executives to highlight the company’s conviction in this decision): Clarify that stopping guidance is not a sign of increased uncertainty or economic conditions, rather an effort to establish practices that emphasize long-term value creation. Finance Quarterly earnings guidance has outlived its usefulness.