ACCA/IMA Survey Indicates a Tough Balancing Act of CFO Priorities
NEW YORK & MONTVALE, N.J. - (BUSINESS WIRE) - A new survey by ACCA (the Association of Chartered Certified Accountants) and IMA (the Institute of Management Accountants) shows that cost reduction, financial control, and the emerging responsibility of forecasting are the top three priorities for today's finance leaders.
The finance professionals surveyed for the December 2012 Finance Leaders Survey Report revealed that while they need to continue to firmly control the cost base, they must also sustain their businesses' growth strategies by providing business insight to support decision making. Respondents answered that their biggest challenge is coping with "too many finance priorities."
The report examines the six key issues for CFOs:
1. Current priorities
2. The effectiveness of the finance function
3. Finance function challenges
4. The importance of different skills
5. Identification of key stakeholders
6. How finance leaders allocate their time
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