Preparing Future-Ready Professionals

A Vision for the CFO & Finance Function

From Accounting for the Balance Sheet to Accounting for the Business & Value Creation

Sep 04, 2019 | Guidance & Support Tools
ISBN 978-1-60815-419-7

All available Translations: Romanian

Don't see your language? Request permission to translate

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.

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.



Copyright © 2023 The International Federation of Accountants (IFAC). All rights reserved.


Related Resources


Get the latest updates delivered to your inbox

Subscribe now



View Boards Site


Translations & Permissions

Looking to reproduce the standards for your members? Want to include IFAC's publications in your training materials or university course? Learn how we can help.

IP permissions and policies

Primary tabs

Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.