The traits of today's CFO : a handbook for excelling in an evolving role / by Ron Rael
By: Rael, Ron.Publisher: New York : American Institute of Certified Public Accountants (AICPA), 2018Edition: 2nd ed.Description: 149 p. ; electronic resource.ISBN: 9781119548232.Subject(s): Chief financial officers | CFOs | LeadershipOnline resources: Download as an eBook
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INTRODUCTION : Advanced critical skills -- Specific best practices. IMPROVE YOUR LEADERSHIP EFFECTIVENESS BY LOOKING AHEAD: Our future - more of the same, at warp speed -- Value creation approach to management accounting: insights into management accounting's future. BECOME AN EFFECTIVE COACH: Coaching in a nutshell -- Coaching at the individual level -- Coaching at the organisational level -- Controller and CFO best practice: position description. IMPROVE THE ORGANISATION'S PERFORMANCE THROUGH COACHING: CFO = influencer -- Best practice: shape the culture by defining it -- Best practice: create balanced risk-taking with a risk programme -- Best practice: foster accountability by defining it -- Best practice: establish a governance programme that eliminates questionable practices. IMPROVE YOUR TEAM'S EFFECTIVENESS THROUGH COACHING: The value of teaming in finance -- Best practice: shape your employees' teaming behaviours with a solid structure -- Best practice: shape your employees' accountability by establishing behaviour expectations -- Best practice: shape your employees' behaviour by using honest feedback -- Best practice: shape your employees' behaviour with recognition and rewards. IMPROVE YOUR CHANGE AGENT SKILLS THROUGH SELF-COACHING: Your need for self-coaching -- Best practice: skills gap assessment -- Best practice: gap analysis -- Best practice: formalised action plan -- Best practice: action plan reporting and accountability. IMPROVE YOUR SKILLS AS A LEADER IN THE MIDDLE: Your personal strength: surviving as a manager in the middle -- Best practice: solution creator -- Best practice: probing questions -- Best practice: problem restatement. IMPROVE BY MAKING A COMMITMENT: Growing pains -- Today's management accounting leader realities -- Significant trends in management accounting that impact the CFO and controller -- Strategies for coping with the pain of these changes -- Best practice: instilling a personal commitment -- Best practice: instilling continuous improvement with Plus/Delta.
Details the role of the Chief Financial Officer, acknowledging that the business world now expects a CFO to be a strategic leader in finance, a strong communicator, a high-level negotiator and builder of a collaborative environment. Includes checklists, position descriptions, self-assessment tools and coaching exercises.