The Cfo

THE chief financial officer http://info.umuc.edu/acct-fin/fm-syll/fin660/e-cfo-notes/ecfowk1.htm THE chief financial officerS theatrical role IN THE AGE OF E-BUSINESS INTRODUCTION Our segmentation discussions entrust focus on the chief financial officers part in transforming an organization into a value-conscious enterprise, capable of generating significant shargonowner wealth through the use of enhanced decision stay and optimized operations. The case examples presented in the chief financial officer text edition (CFO:Architect of the kinda a littles Future, PWC, 1999) illustrate the challenges faced by a CFO when leading the change necessary to require such a collective value-based heedperspective in an organization. Most of the examples pretend tralatitious brick and howitzer companies, with relatively conventional supply chains, utilise common modes of serve well and product delivery, and operating within well-defined organizational object structure s.In the three years since PWC released the CFO text, several impudent challenges fool emerged that warrant our review because they streamlet the financial and operating structures of traditional organizations.

According to PWCs subsequence text, eCFO: Sustaining Value in the New Corporation, (2001), the new challenges that our organizations face are the continued growth and reliance on the internet, expansion of e- avocation in the form of business-to-customer (B2C), business -to-employee (B2E), and business-to-business (B2B) activities, and use of virtual(prenominal) organizational structures to accomplish the c orporate mission. Once again the CFO is call! ed upon to architect new solutions that leave enable his/her company to do competitively to a business environment being change by these three factors. By meeting the test, the role of the CFO is elevated and expanded, further emphasizing the value of the finance constituent in the strategic management of an organization. During each of our weekly sessions, we will supplement the CFO text with additional insights from the eCFO text, to expand our prefatory understanding of the CFOs new role...If you want to pass a full essay, effect it on our website: OrderCustomPaper.com

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