In today’s complex, nonlinear, and constantly changing business environment, it’s no longer possible for finance and accounting professionals to rely on existing skillsets. The rules of engagement have changed.
How can finance teams not just support but help develop strategy? How can automation be adopted and scaled to increase speed and success? What does the groundswell of interest in ESG mean to accountants? How can the finance function facilitate collaboration and good data governance? To be part of positive change and growth in organisations, what are the essential skills for the coming years?
In this series, we interview CFOs, finance directors, and other leaders from around the world to find out what skills are at the top of their minds. They said foundational finance skills will always be relevant, but other important competencies include machine learning, data analytics, Power BI, managing a remote team, empathy and listening skills, and connecting the dots. Published twice weekly, these interviews will give you a sense of what skills to develop for the future.
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Finance decision-makers in business and industry are less optimistic about the US economy now when compared with the first quarter of this year, but they are slightly more optimistic about their own organisations, according to an AICPA and CIMA survey.
IFRS 20, a new accounting standard for companies subject to a specific type of rate regulation, aims to improve financial reporting and transparency for investors.
Over half of recruiters say AI has had a positive impact on hiring, but the majority have caught or suspected AI-enabled candidate fraud in the past year, according to a new report.
The changes focus on improving clarity and better articulating certain aspects of the standard. In its review of structured digital reporting, the FRC outlined improvements to financial reporting.
The King’s Speech unveiled plans to cut costs for SMEs, and a CIMA statement said important opportunities were missed on corporate reporting and skills.
A new CIMA report found that finance teams observe efficiency gains when AI is assigned to small-scale workflows, but human judgement remains critical for complex projects.
