As we get closer to the year-end, CFOs and their teams are probably reaching a point where it seems nearly impossible to fit everything in before Jan. 1. Looking out over the next 12 months, on the other hand, the possibilities for being more strategic and effective feel almost limitless.
This is reflected in The 2016 Finance Priorities Survey, an annual research report produced by financial consulting firm Protiviti, based on responses from more than 600 CFOs and senior-level executives. The 30-page document touches on a range of important issues, from variance analysis and activity-based costing to budgeting and margin management.
What’s great about the numbers is that they confirm what we’ve often discussed on this blog and show how many financial executives are increasingly focused on a core group of critical areas. These include strategic planning, budgeting and profitability analysis, all of which were ranked at 7.0 or higher in terms of importance among the sample group. Continue reading The 2016 Priorities from CFOs Around the World: Focus on Financial Close, Information Sharing and More