transforming the finance function

... Questions Final Thoughts Chapter FINANCE FUNCTION DEFINED Finance Function in Action Defining the Finance Function Component Parts Traditional Perception of the Finance Function Need for Integration ... your finance function evolves Change is unavoidable; in fact, it will be critical in the finance area if the finance function is to remain relevant and value-added for the organization The key ... away with all the answers to all the issues related to the finance function, it is my hope that many will achieve that first breakthrough—realizing the need for a finance function The small and...

Ngày tải lên: 06/08/2014, 10:20

... of the finance function and how to overcome them Understanding how and why to synchronize the finance function with operations Understanding how to preserve the dynamic nature of the finance function ... understanding of the finance function itself This function has many components, some more easily defined than others The finance function serves as the foundation for virtually all aspects of the business—from ... owners this is the first hurdle in developing the finance function Financing Financing the company’s operations may be the single most important aspect of the finance function for the small and...

Ngày tải lên: 06/08/2014, 10:20

... the finance function means Realizing the value of strategizing the finance function Realizing how not having a finance strategy will impact the organization Knowing the scope of impact of a finance ... action when reassessing the finance function In turn, the finance function will help insulate the company from exposure as these aspects of the business change A sound finance strategy will address ... as well The finance function must be equipped to deal with changing needs, whether the informational requirements are for internal or external data customers The success of the finance function...

Ngày tải lên: 06/08/2014, 10:20

... initiatives The focus in these businesses is on the soft components of the finance function A premium is placed on the finance function s ability to set policy and initiate strategies that will lead the ... implications The base of the pyramid represents the fundamentals of the business The issues become more specific to the finance and accounting area as the base rises to the apex The premise of ... of the finance function are more apt to be addressed in issues nearer the base of the pyramid while soft components are dealt with at the top of the pyramid The challenge is to position the finance...

Ngày tải lên: 06/08/2014, 10:20

... continuum to the other; however, the ideal position is somewhere in between The business must dictate the development of the finance function, and the finance function must enable the business ... understand what aspects of the finance function will impact the company’s capability to deal with them What data customer is the company most likely to encounter? Is the finance function suited to handle ... results? The finance function s capacity to generate financial data may depend on the complexity and nature of the business model as much as it depends on the health of the finance function itself...

Ngày tải lên: 06/08/2014, 10:20

... degrade the credibility of the metrics and the management issuing them The finance function that understands data customers will make finance strategies more effective at inception and as they evolve ... or ad hoc) are the language 136 DATA FLOW PROCESS by which the state of the company is communicated to others, whether they are inside or outside the organization They are also the means by which ... if the finance function is to be truly effective Because information systems and processes are the foundation of finance infrastructure, the finance strategist must take pains to ensure that they...

Ngày tải lên: 06/08/2014, 10:20

... owners as they attempt to establish elements of the finance function, in some cases for the first time The data flow process lies at the heart of the finance function and will endure, whether it ... process contribute to the development of the rest of the finance function? The finance strategist must maintain a high-level view of the finance strategy and understand how the data flow process ... Finance organization The finance strategy must dictate the complexion of the finance organization This includes the quality and characteristics of finance employees and the technology tools they...

Ngày tải lên: 06/08/2014, 10:20

... The finance strategist must address the need to expand both the scope and the functionality of systems in the finance function The finance strategy must address the capacity to incorporate new applications ... the finance strategy, the strategist must keep these three phases of design and development in mind as the finance function is built The finance strategist must consider the capacity of the organization ... needs The finance function must be equally suited for both How will the stages of the business dictate the nature of reporting? What demands will these two types of reporting put on the finance function? ...

Ngày tải lên: 06/08/2014, 10:20

... As-Is Finance Function A major component of the finance strategy document is the outline of the current state of the finance function By defining the landscape of the current finance function, the ... change the way data is gathered and classified by the finance function? The finance strategist must be aware of areas of accounting or tax laws that may change and be certain the finance function ... model The finance strategist may have to ensure that the finance function remains flexible, particularly in the reporting area FINAL THOUGHTS Financial reporting is the capstone of the finance function...

Ngày tải lên: 06/08/2014, 10:20

... Reliable Foundation The finance strategist’s lasting contribution to the organization will be the future development of the finance function The true test of a successful finance strategy lies ... knowledge and know-how and the process discipline developed as the finance function matures The finance function will demand and enable the development of knowledge specific to the business’s financial ... the only PC in the administrative area The remaining administrative staff members have neither the time nor the inclination to learn and use the software The only bookkeeping that occurs is the...

Ngày tải lên: 06/08/2014, 10:20

... concern the preservation and protection of the capital or the assets of the business The Board of Directors represents the interest of the owners and can be considered to be the agents of the owners ... year The principle of the balance sheet is that the enterprise has a net value to the owners (net worth) equal to the value of what is owned (the assets) less the amount owed to others (the liabilities) ... balance sheets the condition of the business at the beginning and at the end of the period, as shown in Table 69.2 The Board is interested in the trends represented by the change in the balance...

Ngày tải lên: 26/12/2013, 01:18

... Oracle The Economist Intelligence Unit conducted the survey and analysis, and wrote the report The findings and views expressed in the report not necessarily reflect the views of the sponsor The report’s ... but not sufficient The survey reveals that the biggest barriers to the two functions working closely together are that the primary focus of each is not the same (52%) and that there are more general ... institutions is the improvement of alignment between the risk and finance functions The push in this direction predates the 2008-09 global financial crisis The requirements of the second accord of the Basel...

Ngày tải lên: 06/12/2015, 23:09

... found that the cell-free liquid could inhibit the bacteria He gave the active ingredient in the liquid the name “penicillin” but soon discontinued his work on the substance The road to the development ... One of these, Wis Q-176, which produced 550 mg/ml, is the parent of most of the strains used in industry today The further development of The Natural Functions of Secondary Metabolites the “Wisconsin ... Production of the antibiotics is the primary factor in the competitive fitness of P aureofaciens in the rhizosphere and the relationships between it, the plant, and the fungal pathogens The antibiotic,...

Ngày tải lên: 26/10/2013, 02:20

Ngày tải lên: 09/12/2013, 22:15

... them in the descending order of their relative liquidity 15 16 In addition to the requirements of other Vietnamese accounting standards, the disclosures in the balance sheet or the notes to the ... the tax consequences of transactions and other events in the same way that it accounts for the transactions and other events themselves Thus, for transactions and other events recognized in the ... approach to the classification of the assets and liabilities of a bank is to group them by their nature and list them in the approximate order of their liquidity which may equate broadly to their maturities...

Ngày tải lên: 09/12/2013, 22:15

... deciding whether an item or an aggregate of items is material, the nature and the size of the item are evaluated together Depending on the circumstances, either the nature or the size of the item ... based on the function of expenses, they will be presented based on the nature of expenses ER T Information to be presented either on the face of the Income statement or in the N INotes to the Financial ... the date of disposal which is the included in the consolidated L date on whichA parent ceases to have control of the subsidiary The difference the between theN proceeds from the disposal of the...

Ngày tải lên: 20/12/2013, 19:15

... eukaryotes The answers to these questions involve the description of the molecular determinants that underlie the specific functional mechanisms of these proteins In this work, we review the current ... mitochondrial matrix, the transmembrane helix and the following  20 residues) is crucial to determining the aggregation state of these proteins The data therefore support the hypothesis that this ... conserved His which is far in the sequence from the CXXXC motif, i.e in the b-hairpin present in the extended, solventexposed loop (Fig 4) Therefore, the involvement in the metal-binding site of...

Ngày tải lên: 14/02/2014, 18:20

... of these conditions [22] In the traumatically injured brain, however, the synthesis of MT1 and MT2, as well as the synthesis of GIF, are up-regulated by reactive astrocytes in the vicinity of the ... deficient in the AD brain There remains no clear consensus on the role of GIF in the pathogenesis of AD, and therefore we will briefly review some of the current thoughts on the role of GIF in AD There ... into the functional roles of this protein in the brain, and in particular its ability to inhibit neurite outgrowth (as described above) The functional role of GIF synthesis and secretion in the...

Ngày tải lên: 16/02/2014, 15:20

... biological function For example, only N-glycans located on either the b-propeller of a5 [55] or the I-like domain of b1 or b3 [68] contribute to the regulation of integrin function Therefore, ... epithelial cancer invasion and growth, and its functional elimination represents a key step in the acquisition of the invasive phenotype for many tumors E-cadherin is found in epithelia, where the ... fibronectin-coated plates This observation confirms the hypothesis that the degree of cellular adhesion to the ECM substrate is a critical factor in the regulation of the cell migration rate [59] Conversely,...

Ngày tải lên: 18/02/2014, 17:20

... allocated to the Internet and the share of the income of multinational companies to be allocated to the United Kingdom Those assumptions would call into question the accuracy of the Although the expenditure ... because it reveals the contributions of consumers, businesses, and government entities to the Internet economy and approximates the sum of the online components of all the other sectors The expenditure ... changes to their business models and operations The economics of telecom and content com- line for free in the expectation that they would generate advertising revenue The Times and the News of the...

Ngày tải lên: 06/03/2014, 21:20