The Ledger

Improving the Relevance and Value of Financial Reporting

“How can CFOs and finance organizations improve the relevance and value of financial reporting? Like the competitive life cycle of a firm or product, financial reporting and accounting are at a crossroads: decline or resurgence. Significant forces of change during the last four decades have radically altered the way companies create long-term value. Yet financial reporting and accounting haven’t changed markedly and even have moved in the wrong direction in some cases.” The first step in regaining relevance in financial reporting is for all of us to recognize a problem exists. CFOs and management accountants have an opportunity to experiment and develop internal performance reports focused on the components of the Strategic Resources & Consequences Report that create sustained competitive advantage.

Read More at Strategic Finance Magazine >

Strategies for Developing Customer-Focused Digital Distribution Channels

Companies increasingly use digital technologies to bypass distributors and enter into direct relationships with their end-users. These relationships can create efficient new sales channels and powerful feedback mechanisms or unlock entirely new business models. But they also risk alienating the longstanding partners that companies count on for their core business. Executive leaders understand the potential of a reinvented distribution strategy but are often unclear on how to proceed. While the opportunity is compelling, so is the potential to upset existing distribution partners and thereby damage the core business. To minimize the risk associated with this transition, there are three strategies for developing a digital distribution approach.

Read More at The Harvard Business Review >

SAFE!: What FP&A Teams Can Learn From Baseball

The game of baseball is very similar to the discipline of FP&A, and both practices can learn a lot from the other. Like baseball, FP&A is a team sport where the goal is to prepare for curveballs and succeed over the competition. Players who don’t get on base consistently are hard to count on. Instead of always swinging for the fences, it is a better option to focus on being a consistent performer.

Whether you are a baseball fan or an online player, you will love this games, there are hundreds of options and the prizes are great, have a peek at this site and see it by yourself.

Play the odds, manage your risk, and make sure you have a track record of quality performance – even if you aren’t setting records. In baseball, the most important plate on the diamond is home plate. For the FP&A professional, getting “home” is reaching the organization’s strategic goals. As long as you possess a gadget that can access the internet, you can enjoy playing satta king fast from anywhere and anytime.

Read More at The Digitalist by SAP >

An Agile CFO is a Successful CFO

In today’s evolving and unpredictable business environment, companies have to adapt as fast as they can to any changes coming their way. This means that CFOs must be able to adjust to new ways of working along with taking on new responsibilities. The top challenges for finance leaders are all connected to workflow: compliance requirements; doing more with the same or fewer resources; dealing with the pressure to achieve business objectives; having the resources to get work completed; and internal roadblocks or bottlenecks. In order to tackle these inefficiencies, they must first learn to be agile to ensure they can meet the demands of future-focused strategic initiatives.

Read More at CFO Magazine >