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

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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 © 2019 The International Federation of Accountants (IFAC). All rights reserved.

 

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