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A Practical Guide for the New CFO

CFO Talks

The CFO must review existing controls, identify any gaps, and implement improvements to safeguard the company’s assets and ensure accurate financial reporting. Understand and Mitigate Risks: A CFO must have a comprehensive understanding of the various risks the company faces, including operational, financial, and strategic risks.

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The modern CFO: Guardian, Change-maker, Manager, Planner

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Steward (Guardian): Safeguarding Assets and Compliance This role is vital for maintaining trust with stakeholders and ensuring the financial health of the organization. This involves managing risks, ensuring compliance with financial reporting requirements, and mitigating operational and fraud risks.

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What is Financial Planning and Analysis (FP&A)?

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This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios. Financial Modeling: FP&A professionals utilize financial modeling techniques to create dynamic and scenario-based financial models.