Who is 2020 CFO?
2020 CFO, doesn’t plan, he forecasts continuously and constantly, steering his organization based on current market conditions.
The CFO’s are now moving from accounting to accountability and not just for financial performance, but also for customer centricity, cutting-edge technology, workforce excellence and fostering a high- performance culture. They are the number wizard, the generalist, the performance leader, and the growth champion. They use their talents, experience, and insights to guide major operational and strategic decisions within the company, playing a role even as the external face of the organization.
Randall Bolten, longtime Silicon Valley CFO, author of "Painting with Numbers: Presenting Financials and Other Numbers So People Will Understand You” and adjunct professor at U.C. Berkeley Extension
When the graph is the right way to present your FP&A information, the following important questions should be asked:
What changes and additions to the graph will help your audience understand its central messages quickly and accurately?
Will visual effects that “beautify” the graph help or hurt that objective?
The goal of financial management of maximizing shareholder wealth can be assessed through a variety of measurements. What this variety of measurements may not assess is potential problems in relationships between businesses and stakeholders. One way to assess potential problems with these relationships is to look for fractures.
This article describes how to identify fractures through FP&A within three elements on the balance sheet.
By Steve Morlidge, Business Forecasting thought leader, author of "Future Ready: How to Master Business Forecasting" and "The Little Book of Beyond Budgeting"
In this blog, the author offers his insights on some of the challenges faced by practitioners in making sense of data and communicating it within organisations, and his ideas on how these shortcomings can be overcome.
A few decades ago everything seemed so straightforward. When it came to planning and controlling businesses annual budgets were the only show in town. Things are very much different now.
Randall Bolten, longtime Silicon Valley CFO, author of "Painting with Numbers: Presenting Financials and Other Numbers So People Will Understand You” and adjunct professor at U.C. Berkeley Extension.
There are so many ways to graph information, and many of them are not just labor-intensive, but cognitively ineffective – area charts, especially the particularly evil pie chart (more on that some other time!), frequently fall into that category. But even if you’ve chosen one of the more effective ways of graphing information, also remember that graphs work best when you’re trying to make a single, critically important point. One of the highest arts, if you want to be an FP&A star, is choosing the chart type that makes that one point most effectively.