Reinventing the CFO: Moving from Financial Management to Strategic Management

This book enables you to chart your company's course. "Reinventing the CFO" is the groundbreaking guide by financial veterans Henry Johanson, Thomas Walther, John Dunleavy and Elizabeth Hjelm that offers a proven blueprint for professionals making the enormous shift from "number cruncher" to strategist and business partner. Based on Coopers & Lybrand's pioneering "Office of the CFO frameworks", it leads you through the live critical steps that will define how you can face today's challenges: partnering and integration; redefining the role of finance and retraining staff to understand business operations and market drivers; strategy; applying traditional analytical skills and business judgment to the question; where should our company apply its capital resources? management control; producing a new set of strategic measures that business managers can use to anticipate problems and monitor progress; cost management; creating an aggressive, long-term least-cost program that replaces "cost accounting" and continuously drives costs down from within; and processes and systems-classifying each financial process as "core," "support," or "no added value," and determining the real drivers that affect the company's profitability.