The traits of today's CFO : a handbook for excelling in an evolving role / Ron Rael, CPA.

Format:

Book

Author/Creator:

Rael, Ron, author.

Series:

Aicpa series

Language:

English

Subjects (All):

Chief financial officers--Handbooks, manuals, etc.

Chief financial officers.

Corporations--United States--Finance--Handbooks, manuals, etc.

Corporations.

Physical Description:

1 online resource (149 pages).

Edition:

Second edition.

Place of Publication:

[Place of publication not identified] : CGMA, [2018]

Summary:

CFOs, controllers, and financial managers will discover how to become the leader their organization needs and expects with this forward-thinking book on high-level abilities and best practices. Covering leadership, management, coaching, team building and accounting trends, this publication will allow the reader to step into their expanding role as a strategic thinker, collaborator, communicator, and team leader. This publication includes a comprehensive, practical discussion on the following topics: Determine the critical skills that we will need to be effective in the future. Identify the skills necessary to be an effective coach. Identify how to persuade other leaders to define and embody accountability. Identify specific tools that turn a department into a real team. Identify the universal roles that the CFO plays in every organization. Determine why being a leader in the middle is not a career limiter. Assessing ways to explain to your team how the world of accounting is changing.

Contents:

Intro

Title page

Copyright

INTRODUCTION

Advanced Critical Skills

Specific Best Practices

1 STEP 1: IMPROVE YOUR LEADERSHIP EFFECTIVENESS BY LOOKING AHEAD

Our Future-More of the Same, at Warp Speed

CFO and Controller's Future Roles

The CFO and Controller Team's Responsibilities

The Management Accounting Department's Journey Into the Future

Value Creation Approach to Management Accounting: Insights Into Management Accounting's Future

Universal Theme No. 1: An Emphasis on Nonaccounting Roles

Universal Theme No. 2: Our Performance Gap

Universal Theme No. 3: The Collaborative Partnership

Solution No. 1-How to Overcome the Performance Gap

Solution No. 2-How to Prepare for Tomorrow

2 STEP 2: BECOME AN EFFECTIVE COACH

Coaching in a Nutshell

Coaching at the Individual Level

The Skill of Coaching

Accountability Factor in Coaching

Specific Skills of a True Coach

Coaching Skills Defined

Coaching at the Organisational Level

Teaching and Training

Counselling

Guiding

Learning

Sharing

Questioning

Relating

Listening

Using Intuition

Creativity

Controller and CFO Best Practice: Position Description

Elements of the Position Description

Benefits of Using a Position Description

Tips on Making the Position Description Effective

Position Description for a General Accounting Assistant

3 STEP 3: IMPROVE THE ORGANISATION'S PERFORMANCE THROUGH COACHING

CFO = Influencer

Best Practice: Shape The Culture By Defining It

Tone at the Top

The Leader as Proactive Shaper of Culture

CFO Tool: Cultural Ideals

The Story You Tell

In the End

Best Practice: Create Balanced Risk-Taking With A Risk Programme

Risk Is Individual to Each of Us

Risk Is Everywhere and Never-Ending

Why Defining Risk Is Necessary

The Meaning of Risk Has Changed.

Fundamental Sources of All Business Risks

CFO Solutions to Make People Aware That Risk Exists

CFO Solutions to Make People Aware That Risk Can Be Survived

CFO Tool: Risk Identification

CFO Tool: Selecting the Right Strategy

Best Practice: Foster Accountability By Defining It

Accountability From a Leader's Perspective

Accountability Is Often Misunderstood

Where Accountability Fits In

The Undefined Standard

Why Accountability Works to Make Everyone Successful

How Leaders Improve Accountability

10½ Rules of Accountability

Best Practice: Establish A Governance Programme That Eliminates Questionable Practices

Controls or Policies Are Not Governance

Makeup of a Governance Programme

The Human Element in Governance

4 STEP 4: IMPROVE YOUR TEAM'S EFFECTIVENESS THROUGH COACHING

The Value of Teaming in Finance

The CFO as Developer of Team's Skills and Talents

In Essence

Best Practice: Shape Your Employees' Teaming Behaviours With a Solid Structure

The Teaming Culture

The Team's Decisions Are Made by Consensus

How to Create a Strong Team

10½ Rules About Building Effective Teams

Best Practice: Shape Your Employees' Accountability by Establishing Behaviour Expectations

Expectations and Standards Shape Behaviours

Cultural Objectivity

CFO Tool: Culture Statement

CFO Tool: Ground Rules

CFO Tool: Service Standards

Best Practice: Shape Your Employees' Behaviour by Using Honest Feedback

Power of Immediate Feedback

How to Keep Feedback Objective

How Leaders Use Feedback

When and Where to Use Feedback

10½ Rules for Performance Improving Feedback

Best Practice: Shape Your Employees' Behaviour With Recognition and Rewards

Why Rewards and Recognition Foster Team Behaviours.

How Leaders Create Team Recognition

5 STEP 5: IMPROVE YOUR CHANGE AGENT SKILLS THROUGH SELF-COACHING

Your Need for Self-Coaching

Controller or CFO's True Role

Similar Roles Yet Different Responsibilities

Best Practice: Skills Gap Assessment

Change Agent's Skills Explained

Best Practice: Gap Analysis

Gap Analysis Defined

Best Practice: Formalised Action Plan

Obtain Tangible Results With an Action Plan

Best Practice: Action Plan Reporting and Accountability

CFO Versus the Controller-How the Roles Vary

6 STEP 6: IMPROVE YOUR SKILLS AS A LEADER IN THE MIDDLE

Your Personal Strength: Surviving as a Manager in the Middle

Your Biggest Hurdle to Becoming a Great Leader

Natural Rule of Leadership

Best Practice: Solution Creator

How to Be an Effective Problem Solver

Their Pain Is Real and Tangible, Yet Hidden

Best Practice: Probing Questions

How to Get to the Real Problem

Why Management Accountants Do Not Use Objective Questioning

Best Practice: Problem Restatement

Ways to Get to the Real Cause of an Issue or Problem

No. 1 Big Mistake of the CFO

No. 2 Big Mistake of the CFO

How to Use Problem Restatement

The Process for Restating the Problem

7 STEP 6½: IMPROVE BY MAKING A COMMITMENT

Growing Pains

No. 3 Big Mistake of the CFO

Today's Management Accounting Leader Realities

Our Skills and Knowledge Grow Obsolete at an Ever-Faster Rate

A Management Accounting Team Advances in Only Two Ways: The Solutions We Provide and the Connections We Sustain

Significant Trends in Management Accounting That Impact the CFO and Controller

Trend No. 1

Trend No. 2

Trend No. 3

Trend No. 4

Trend No. 5

Trend No. 6

Trend No. 7

Trend No. 8

Trend No. 9.

Strategies for Coping With the Pain of These Changes

Best Practice-Instilling A Personal Commitment

Best Practice-Instilling Continuous Improvement With Plus/Delta

Steps of the Plus/Delta

CONTROLLER'S RESOURCES LIST

EULA.

Notes:

Description based on online resource; title from PDF title page (ebrary, viewed August 7, 2018).

ISBN:

1-948306-47-6

OCLC:

1047922402