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THE FINANCE FUNCTION OF THE FUTURE - A Short Story
- Article from:
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Accountancy SA
- Article date:
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July 1, 2005
- Author:
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Copyright informationCopyright South African Institute of Chartered Accountants Jul 2005. Provided by ProQuest LLC. (Hide copyright information)
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This is a brief anecdotal story that describes the transformation of a "traditional" transaction-focused Finance Function into a high value-added Finance Function necessary for today's business environment. The story relates a transformation that would enable a score of "5" (world class) on all of the 15 different Finance Function Effectiveness Diagnostic Wheel components.
Holding onto his chipped coffee mug, Peter was glad he had at least that tangible memory of how it used to be.
It was the second of October and his big birthday - 50 at last - and all he was doing was reviewing the consolidated 3rd quarter accounts for ABC Ltd ahead of the Board meeting tomorrow and the inevitable press ...