The Ledger

Forbes: No Time To Recline: La-Z-Boy’s CFO On The Demands Facing Finance Leaders In 2021

“I often say the CFO’s (or any finance leader’s) role is to understand the business as well as the CEO, but then also understand everything behind the numbers! Business partnership and decision support are imperative for a strong finance function and a strong company. Expanding that partnership and structured thinking beyond near-term decisions and into longer-term strategy is even more powerful.”

Read More at Forbes >

Industry Week: Operations Managers: Rising to the Challenges of 2021

“Operations leaders remain under pressure to deliver outstanding results. It is important to remember that simply driving efficiency and reducing costs are not everything.”

“To create a truly resilient organization, it is critical to fully align technology with people and processes.”

Read More at Industry Week >

CFO Magazine: The Complexities of a COVID-19 Year-End

“As CFOs face the demands of year-end accounting and financial reporting, they’re pondering which issues need to be front and center and how to frame them.”

Here are the 4 issues that CFO’s need to think about:

1. Forecasting and related impairment analyses
2. Going concern analysis
3. Internal controls
4. Stakeholder communications

Read More at CFO Magazine >

CFO Journal: Financial Reporting Trends: Forecasting, Communication, Internal Controls

“While there is not a one-size-fits-all approach to addressing current forecasting challenges, the following strategies have proven to be effective for a number of companies:

• Evaluating recovery and financial forecasts from an outside-in perspective first—specifically, focusing on the factors, issues, and conditions outside of a company’s control that are known and knowable

• Automating components of forecasting to help remove bias and facilitate more real-time and frequent reforecasting as key drivers and trends change, while also analyzing data at a more detailed level

• Considering facts that both support and contradict assumptions regarding the company’s timing and pattern of recovery, sustainability, and growth.”

Read More at Wall Street Journal >