Today’s corporations face increasing expectations for taking an active role in meeting the world’s environmental and social challenges. The accounting profession, too, has a critical role to play in helping to meet these challenges.
In this final part of a series of articles based on the CIMA report Ledgers to Leadership, we investigate the reasons for staff attrition amongst the finance function, and examine how organisations giving out mixed messages about their commitment to training in principle and in practice can lead to disappointment amongst recruits and the failure to realise the full potential of employees
Finance and non-finance respondents in the CIMA study, Ledgers to Leadership, say business and commercial skills are important across the spectrum of finance roles. But there is clearly a difference in the level of importance attributed for certain roles.
Finance’s increasing focus on value creation and a higher level of business collaboration and partnering are achieved through the activities of finance professionals carried out as part of their duties.
In the report Finance Transformation: The evolution to value creation by CIMA, a survey of more than 4,500 finance and senior managers globally reveals that while an interplay of competencies is evident across all financ
CIMA’s report, Finance Transformation: The evolution to value creation, concludes that finance functions in today’s organisations are transforming into business partners with other parts of the organisation via a process of evolution.