From Accounting for the Balance Sheet to Accounting for the Business & Value Creation.
The CFO and finance function agenda is changing. With more demanding customers and society, achieving sustainable, long-term growth and value creation has never been more challenging. This report provides a vision to develop an effective finance function in the context of evolving mandates driven by digital transformation and multicapital thinking. The vision represents a shift from accounting for the balance sheet to accounting for the business and value creation.
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A Vision for the CFO & Finance Function
This vision has significant implications for professional accountants in business and the accountancy profession more broadly. It requires a shift in the professional skills and competencies, mindsets, and behaviors required to influence decisions.
This vision is meant to be read alongside two other reports, which provide future-fit roles for accountants in business, and an evaluation toolkit for boards and management teams to drive transformation of the finance function.