An effective finance function is integral to an organization's long-term success. Therefore, ensuring a fit-for-purpose finance function that meets the needs of an organization is crucially important.
This tool is designed for use by boards and management teams to support meaningful discussion on how the finance function progresses within the organization. It also helps identify priority areas for further development that will maximize the value and contribution of the finance function.
The world is changing fast, and so are the roles of finance and accounting professionals. The nature of work performed by professional accountants and the nature of their contribution to organizations are rapidly evolving in response to significant business trends.
This report identifies the roles that future-fit accountants in business can fulfill to remain integral to their organizations in the coming decade based on the experiences of senior business and finance leaders, CEOs, board directors, and other stakeholders.
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.