CFO.University’s Post

What Data Should You Track to Optimize Your Business Performance? 📰 In this article CFO.University Contributor and Managing Principal of DBP-Institute, Prashanth H Southekal, PhD, MBA, lists five reasons why transactional data is ripe for measurement.  He then describes how to identify your transactional data that will yield the highest return to your business performance. See the first comment box for links to Prashanth's article, his library on CFO.University and more. 🎯 Hit the bullseye, follow CFO.University Identify. Benchmark. Improve. Grow. 📚 I am the Founder of and Chief Learning Officer at CFO.University 🏫 CFO.University is a professional development center for CFOs and aspiring CFOs. Our Mission:   Develop world changing finance leaders 🔔   To see more content ring the bell on my profile 🎬 Visit our CFO Talk video series with global experts transforming the role of the CFO, https://lnkd.in/gg6bdZx 📚 Learn about the Four Pillars of CFO Success here. https://lnkd.in/gJNV4q7 #CFO #CFOUniversity #CFOData #leadership #cfodevelopment #strategiccfo

How can leadership models impact Financial Management? Let's take a look a some various models, starting with the Eisenhower Decision Matrix. The Eisenhower Decision Matrix is a productivity, prioritization, and time-management framework designed to help you prioritize a list of tasks or agenda items by first categorizing those items according to their urgency and importance. 📝🕰️ The matrix consists of four quadrants that drive decision-making: ➡Important and Urgent: Tasks that are both important and urgent should be done first. 🔥🚨 ➡ Important but Not Urgent: Tasks that are important but not urgent should be scheduled for later. 📅👌 ➡Not Important but Urgent: Tasks that are not important but urgent should be delegated. 🤝📤 ➡Not Important and Not Urgent: Tasks that are neither important nor urgent should be eliminated. 🗑️👋 Using the Eisenhower Decision Matrix can help CFOs prioritize their tasks and improve their effectiveness in a corporation looking for growth. By focusing on tasks that are both important and urgent, CFOs can ensure they are working on high-priority projects that align with business strategy and shift capital to high-value uses. 💼💰 #Finance #Leadership #Efficiency Want to discuss?   Please reach out to any of the below links. ➡ Email: [email protected] ➡ LinkedIn: https://lnkd.in/g3-deUMD ➡ Calendar: https://lnkd.in/gc9chsT6

💸 A Manager's Guide to Finance & Accounting 💸 By Harvard Business School. ****let’s share this post if you want Think of accounting as the life history of a business. By keeping careful records, financial architects map out every project, ensuring the heartbeat of the organization. These records help with: 🔹 Budget creation 🔹 Legal compliance 🔹 Performance analysis 🔹 Strategy development 🔹 Communication (internal & external) You already know this. But it's easy to forget WHY each metric is important and WHAT exactly it entails. The ability to understand financial data, interpret information, and allocate resources strategically is key. I’m sharing with you below this amazing guide from Harvard Business Review which explains: 👉🏼 Budgeting 👉🏼 ROI calculation 👉🏼 Financial statement analysis 👉🏼 Financial performance measurement 👉🏼 Difference between finance and accounting … and so much more. Ever turned financial insights into a winning strategy? You 100% did. Think back on it and share the story. I'm curious to hear it. 💭 Transform your executive leadership based on decades of research – Ricardo J. Vargas #leadership #executiveteams #csuite

Good concept not just for financial leaders but all leaders

I picked a topic I really enjoy to close the week.   💡Innovation. 💹 Finance departments generally have the discipline and technical skills to channel innovations into executable plans. Yet, the tendency in many businesses is to think of these finance attributes as controlling and limiting when, in fact, they are liberating. 📖 Read this piece for ideas on how you can drive innovation at your company and share your innovative ideas with our community of finance leaders. 🙏 Thank you to Albrecht Enders and Jeanne Enders for the insight they have shared on innovation as it applies to the CFO suite. 🎯 Follow CFO.University and innovate! 🔗... find links to this article and more on finance innovation in the first Comment Box below “Every minute spent reviewing the past is a minute not spent building your future.” Identify. Iterate. Implement. 📚 I am the Founder of and Chief Learning Officer at CFO.University 🏫 CFO.University is a professional development center for CFOs and aspiring CFOs. Our Mission:   Develop world changing finance leaders 🔔   To see more content ring the bell on my profile 🎬 Visit our CFO Talk video series with global experts transforming the role of the CFO, https://lnkd.in/gg6bdZx 📚 Learn about the Four Pillars of CFO Success here. https://lnkd.in/gJNV4q7 #cfo #CFOUniversity #CFOInnovation #accounting #finance #treasury #leadership #cfodevelopment #strategiccfo

Delve into valuable insights, strategic perspectives and actionable takeaways from over 600 finance leaders, CFOs and VPs to explore the contemporary role of financial leaders in today’s dynamic business environment and the evolving landscape of finance leadership - https://lnkd.in/ehTQBZPQ Read the report and discover: ♦How can finance drive the greatest value add to the enterprise now and in the future ♦How finance leaders can effectively influence stakeholders beyond financial aspects ♦What should be considered when setting up the organisational structure for coordinating finance transformation ♦The tools/technologies finance leaders are investing in this year ♦The current state of organisations’ data readiness for supporting real-time reporting and advanced analytics  ♦The biggest challenges when managing ESG and how to overcome these Happy Reading! #FoF #FutureofFinance #CFO

🌟 Mastering the Art of Management Decision & Analysis (MD&A) Framework 🌟 🚀 Excited to share with my network a comprehensive guide I've developed on creating and implementing a Management Decision & Analysis Framework! Whether you're a seasoned executive, a budding entrepreneur, or a curious learner, this guide offers valuable insights into the strategic decision-making process. 🧠💼 Why MD&A Framework? In today's fast-paced business environment, making informed and effective decisions is crucial. An MD&A Framework not only streamlines this process but also enhances the quality of decisions made, leading to better business outcomes. 📈 Who Can Benefit? - Business Leaders & Managers: Enhance your strategic planning and execution. - Financial Analysts: Elevate your analytical skills for better financial forecasting. - Entrepreneurs: Make data-driven decisions to steer your startup to success. - Students & Academics: Gain a practical understanding of business decision-making. 💡 Key Takeaway: An MD&A Framework is not just about making decisions; it's about making the right decisions. This guide is your first step towards mastering this critical business skill. 🔗 Find the full guide 👥 Feel free to share your thoughts and experiences with MD&A in the comments below. Let's learn and grow together! #ManagementDecision #BusinessAnalysis #StrategicPlanning #DataDriven #BusinessGrowth #Leadership #FinancialAnalysis #GuideRelease #LearningAndDevelopment #aicpa #cgma #ACCA #icaew #uaecareers

Hoping to incorporate data-driven leadership into your business? Here's a quick look at how you can build your data-driven leadership toolkit ⬇️ - Define your data needs - Embrace data visualization - Invest in data literacy - Embrace continuous learning - Develop a culture of data-driven decision-making Take a deeper look at these points here 📲 https://bit.ly/4c2ztdS #PlotPath #finance #accounting #entrepreneur #cashflow #businessowner #financetools #bookkeeping #cfoservices #financialreporting #BusinessBookkeeping

Financial fluency is not just for CFOs—it is a critical skill for leaders across all sectors aiming to drive innovation and strategic decision-making within their organizations. As Mihir Desai emphasizes in How Finance Works, understanding finance deeply enhances our ability to gauge new opportunities and make informed decisions that create real value. In an age where technology and finance intersect more than ever, the ability to navigate financial information and leverage it for strategic advantage stands as a powerful tool in a leader's arsenal. Desai's book offers not just the foundational financial knowledge but also the intuitions needed to apply this knowledge effectively in real-world scenarios. Whether you're a seasoned finance professional or a newcomer to the field, this guide equips you with both the tools and the confidence to enhance your financial decision-making. Dive into the book for insights into practical financial analysis, value creation sources, and mastering the art and science of business valuation. Engage with finance, not as a mere numerical exercise, but as the language of business and a fundamental driver of your company's success. #BusinessFinance #Leadership #Innovation #ValueCreation #StrategicDecisionMaking