- Turning Strategy into Action: The Logical Framework
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- Does your organization have a great strategy on paper but have trouble making it work in the real world? If so, you’re not alone. In fact, Fortune Magazine has reported that 75% of all strategies fail, largely because of the inability to execute. The fact is that many projects never have a chance. Even the best strategy is worthless unless it’s converted into implementable projects in the hands of capable and committed teams. Most organizations lack a systematic yet flexible way of turning strategic intent into actionable projects, relying instead on ad hoc means or using project management software prematurely.
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Take Assessment Watch Video- Closing the Books in a Work from Home Environment.
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- Here is a summary of best practices for closing the books – including important concepts for closing remotely in today’s WFH environment.
- Book of Secrets for the Month-end close
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- In the post pandemic business landscape, the need to increase efficiency and decrease the cost of day-to-day operations have emerged as a top priority for corporate leaders around the world. Finance and accounting are no exception. CFOs and CAOs from organizations large and small are undertaking transformation initiatives and challenging their team to become faster, leaner and more scalable in the back office. Particularly when it comes to routine and recurring activities such as the month-end close, the demand is at an all-time high.
Governance & Controls – structure and controls.
Transaction Recording – systems, transaction processing and closing the books.
Reporting - efficient, timely and accurate information for decision making and meeting compliance requirements.
Accounting
Business Planning - provide the financial roadmap for the company with supporting analytics.
Financial Forecasting - integrate the company’s current performance relative to budget with the real-time business environment.
Investment Analysis - the framework to analyze new opportunities as they present themselves.
Finance
Cash Management - the discipline to ensure cash is available to operate the business normally.
Funding - Planning for and raising funds to meet the needs of the business.
Risk Management – Identification and mitigation of key business risks.
Treasury
Self-Awareness - Internal.
Team Building - External.
Strategy & Culture – Motivate people to follow you.
Leadership
Four Pillars of Executive Expertise
CFO.University is built around the Four Pillars of CFO Success. These Pillars are supported with Core Competencies. Our framework allows you to master your role as a senior financial officer. The Four Pillars are made up of:
Accounting – Governance & Controls, Transaction Recording and Reporting
Finance – Business Planning, Financial Forecasting and Investment Analysis
Treasury – Cash Management, Funding (Capital Raising) and Risk Management
Leadership – Self Awareness, Team Building and Strategy & Culture
