Preparing Future-Ready Professionals
A Vision for the CFO & Finance Function
From Accounting for the Balance Sheet to Accounting for the Business & Value Creation
IFAC
Sep 04, 2019 | Guidance & Support Tools
ISBN 978-1-60815-419-7
English
All available Translations: Romanian
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.
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