A Three Part Managerial Cost Accounting Lecture (Gary Cokins) For many accountants there is confusion and a lack of consensus with how to allocate costs to products and service lines. I refer to this as “a mystery in a box to accountants”. To solve this mystery here are three lectures to accounting professionals and students from a skilled and experienced accountant – me – that explains the problem and how to solve it.
One of the Defining Attributes of a Successful CFO: Treasury (CFO.University) Our third installment of Defining a Successful CFO covers the “Show Me the Money!” attribute, Treasury. This key pillar of the CFO function provides the fuel and discipline to manage and grow a company’s capital base.
Learn by failing? Not so easy (Alice G. Walton - Chicago Booth Review) Failure is often framed as a great teacher—the successful sometimes crow about the number of times they failed before hitting it big. But failure may not always teach us as much as it could, often because ego gets in the way, suggests research by Chicago Booth postdoctoral fellow Lauren Eskreis-Winkler and Booth’s Ayelet Fishbach.
Prasad Nilantha - Finance Manager Prasad is a professionally qualified Chartered Accountant with a BSc Business Administration and over 15 years of diverse experience in B2B & B2C businesses across numerous industries and geographies. He is currently working as a finance manager. He has also taken upon himself to learn about concepts and terms commonly used but infrequently understood in our profession.
7 Challenges Finance Teams Face with 7 Solutions to Overcome Them (Archetype Consulting) If you work in FP&A or across finance, you often feel like you have keys to a “city” with all the necessary data at your fingertips. Your department is one of the few that have the lens into the overall health of the company – past, present, and future.
Blockchain Solutions for Finance - Part I Micro Learning (Dave Sackett) In part I of this four part video presentation, Blockchain Solutions for Finance, Dave Sackett explains what a Blockchain is. Dave has been researching blockchain as a solution to a complex and time consuming intercompany accounts process at ULVAC Technologies.
What feedback did you and your team receive from last months exercise?
Ask each member on your team to seek guidance from one or more of their customers (internal or external) to learn how they can improve an important service/product they are delivering to that customer. Share what you learned with us!
“Play by the rules, but be ferocious.” Phil Knight
