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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

As they assist in compliance audits and the monitoring of internal controls to ensure that everyone within the company does their job correctly, they are also expected to thrive and flourish amid the challenges along the way for the benefit of the organisation.

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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. Training, like CFO.University’s Introduction to Risk Management , and awareness programs will also become crucial to help employees understand how to use these AI tools responsibly and effectively.

Finance 95
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TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. Training, like CFO.University’s Introduction to Risk Management , and awareness programs will also become crucial to help employees understand how to use these AI tools responsibly and effectively.

Finance 52
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34 Competencies required to become a CFO(SA)

CFO Talks

In developing the CFO(SA) designation, we identified 34 competencies and four pillars that the Modern CFO needs to fulfill to excel in their leadership position. Steward Role & Competencies: Accounting, control, risk management and asset preservation are the proficiencies of the Steward. Investment and credit risk knowledge.

CFO 52
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Mapping Out Successful FP&A Management In the Face of Adversity

The Finance Weekly

However, there have been many organizations that have successfully persevered through the challenges posed by the past couple of years, and among the differentiating factors between such businesses is leadership. Leadership across business departments is a foundational element of success. 5 Leadership Competencies for CFOs 1.

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Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Treasury and Risk Management (TRM). Asset Accounting (FI-AA). Controlling (CO). Inventory Accounting (MM and ML).

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Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

This important issue was previously explored last year in Are You Ready for "Carbon Accounting" Compliance? Climate-related risks and their actual or likely material impacts on the registrant’s business, strategy, and outlook; ? The registrant’s governance of climate-related risks and relevant risk management processes; ?