IN ACCOUNTING AND FINANCE
This is just one of the many questions our guest mentor and well-known FP&A thought leader Larysa Melnychuk answers as well as covering a number of relevant other areas on our podcast together:
• Why she challenges those who think the accounting profession is not creative.
• The 3 areas where FP&A can become less traditional and more valuable to support a quicker more flexible decision making process.
• Why it’s hard to find good FP&A professionals with up to 70% of UK CFOs saying it’s the hardest position to fill as well as the solution.
• What the next 3-5 years will look like for FP&A.
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There are also 13 high-trust behaviours that can accelerate the finance professional’s success in building trust and I also mention these too on today’s bitesized episode and how you can put them into practice.
Today in finance there are two types of professionals, those sitting behind their desks sending out reports and those you are becoming more influential, getting out from behind their desks, meeting with others in their organisations, understanding their needs and delivering value for them.
This distinction is important as our guest mentor Sabine Prenslev Christensen points out that more and more finance professionals are becoming more courageous and they’re the ones becoming more influential and ensuring they will be the ones least likely to be replaced by robots. In this episode some key points we cover are:
• The actions that we’re unknowingly taking in finance and accounting that are holding us back from becoming more influential.
• Deconstructs some simple actions on leading up and leading down that Sabine did with the Danish Navy that reduced time cost and improved the value of insights.
• We go into the courage mindset and why this is important for accounting & finance professionals.
• Shares how you gain respect by having the courage to say ‘No’, trusting in your training and the worst but surprisingly good outcome that came from doing so.
This is why organisations then and even those today still need a Finance team to help them get this one big thing, so what is it?
I share my thoughts on today’s bitesized episode on what this is and how you can do this too.
Answering this question is important and our guest mentor Marco Singh deconstructs for us some of the practical things and golden rules that have worked for him in managing stakeholders and having better conversations with them. Other areas we cover on this episode are:
• Why storytelling is important and breaks out his recommendations on how to do it effectively.
• One of his top rules on managing stakeholders and line managers.
• Improving our Digital IQ.
In this episode I share the three steps you can take.
The distinction is important as our guest mentor Rishabh Sawansukha points out that business owners, CEOs, CFOs and other leaders are not interested in how we’re capturing the data and how we’ve connected them, they’re interested in having finance professionals who make them aware of what’s inside the data, what it all means in terms of opportunities and threats, and how to navigate a path around them. Other areas we cover on this episode are:
• The discovery Rishabh attributes to turning him from an accountant into an entrepreneur.
• Why technology is really helping us do what we should be doing in the first place and why this create loads of opportunities for accountants.
• Breaking down making sense of the data into 3 simple steps.
• Rishabh’s shared ecosystem concept.
And just like any goal or when you chart that course, I share the one thing the most influential finance professionals are doing to cut through the noise of digital disruption to go on to solve meaningful problems for their organisations and have rewarding careers in accounting & finance.
As accounting & finance professionals the distinction is important, and we uncover why as one of the many topics I discuss with this week’s guest mentor Mike Huthwaite who it a recognised expert and global thought leader on integrative planning. Other areas we cover on this episode are:
• Why agile influencing is important and what type of agile approach works best in Finance.
• The distinction between push and pull projections in integrative planning and why this is important.
• Mike makes the case for a Strategic Finance function and what this involves.
If you haven’t heard of the outcry for the death of Excel then you must be living under a rock. This highly emotive topic has gained a lot of high profile media attention, fake news and even changed the views of many finance professionals all the way up to the C-suite and Wall Street.
It’s so dramatic this shift in sentiment that it’s almost hard to tell who is actually right or wrong and what to do next in Finance Transformation.
There are very compelling arguments for and against. So rather than debate it online Chris and Lance go head to head in a gloves off session.