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4 Responsibilities and Requirements for CFOs
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The responsibilities and requirements for CFOs vary slightly from one organisation to another. Despite this, there are several core competencies that any individual must possess in order to bring value to this role.

 

Excellent Communication 

An MBA increases your chances of taking the title of CFO, but it is not the only thing that matters. In addition to the technical competencies gained through an economics or accounting degree, good people skills are essential. Communicating with people on your team in order to develop and empower them is critical.

A great CFO listens to...

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Analysis
Finance Market Hopes on Higher Interest Rates by the ECB
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Up until now, there hasn't been any formal communication from the ECB as in regards to the anticipated rise in the interest rates. However, there are certain reports touching on the tightened financial conditions that seem to imply much wider credit spreads, increased volatility, decreased equities and an increase in real rates. All of which happen to be indicators of a rising interest rate environment.

 

How sure are we that interests rates are going higher?

In the past month alone, there has been a disconnect between the bond markets globally and the equity markets. What's...

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News
Banks relocating their headquarters after Brexit
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Some banks have already started choosing alternative headquarters after UK has left the European Union, with Frankfurt emerging as the preferred destination. Frankfurt appears to have taken an early lead over other cities such as Paris and Dublin. Nomura, a Japanese bank, is one of the banks to move their headquarters to Frankfurt. It is the largest brokerage firm in Japan. This comes even after Prime Minister Theresa May lost her majority, which increased the chances of UK seeking a softer Brexit deal that would lead to a reduced impact on its financial services industry....

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Analysis
The Need for Financial Experts to Learn About Blockchain
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The proliferation of cryptocurrencies such as Bitcoin has introduced blockchain technology, which is set to cause major disruption in the finance industry. Blockchain is a decentralised platform that makes it possible to distribute information in different types of transactions. Think of it as a digital ledger that holds a lot of records in varying layers. Blockchain is incorruptible because users update it as opposed to a specific entity. With the increasing use of cryptocurrencies, blockchain will soon become a core component of financial services, which is why finance experts need to...

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Analysis
Crowdfunding for Enterprises
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Crowdfunding for businesses has proved to be profitable various small and large companies. Big tech companies like IBM have realised the need to use crowdfunding for improved interaction and innovation. Companies exercise crowdfunding for three primary reasons: internal use, market research and external use.

 

Internal Use

IBM introduced crowdfunding in 2012 which was to be used internally by the over 350,000 employees globally. The aim of the project was to encourage innovations by employees, which are utilised for the benefit of the enterprise. The kind of crowdfunding used by...

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Analysis
World Bank Growth Prognosis
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Economic growth plays an important role in contemporary life. As such, the world provides information on forecasts in the economic world. According to the World Bank, the growth of world economy is expected to improve to 2.7 percent this year. This is facilitated by improvements in trade and manufacturing and stabilisation of prices of commodities which has led to more exports.

As per World Bank's Global economic prospects dated June 2017, it is expected that advanced economies will grow by up to 1.9 percent this year. All thanks to favourable prices and funding situations...

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News
Possible European bank interest rate rise?
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Business decision makers and financiers are maintaining a keen eye on the probabilities of a movement in the headline negative ECB lending rate, as various financial products have direct links to it. 
 

Inflation lower than expected

In the Eurozone, inflation fell from 1.9 to 1.4 percent in May 2017 – one percentage point lower than the previous forecast – even though employment figures rose. In combination, these factors are thought likely to influence the ECB not to bring its programme of economic stimulus to an end soon despite the fact that earlier this...

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Analysis
Integration of the eurozone countries
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Spain and France, among other member countries, are in strong pursuit to ensure the reformation of the eurozone. Spain forwarded a proposition to the European Commission suggesting the enhancement of economic integration through the euro. In connection to this, Spain proposes the implementation of the euro bonds and the completion of the banking union which is key in improving the governance of the eurozone. The motion further suggests the formation of an anti-crisis budget and the development of a common unemployment insurance scheme. Despite these suggestions, a report from the commission...

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Practical Advice
Contents of a Financial Business Plan
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A financial business plan outlines the financial estimates of a venture. It gives insight on the start-up and running costs of the firm. It can also reveal whether your business will be making profits or loss in the long run. It comprises of three main elements namely the balance sheet, the profit and loss statement and the cash flow statement.

 

Essential statements in the financial section of a business plan

1. Balance Sheet – Statement of Financial Position

This statement shows the worth of business at a particular date usually the end of a financial year. It has three main...

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Analysis
4 top skills CFOs must adopt in the digital age
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Digital revolution is now changing the way business organisations operate. Thanks to data technology, existing business models and services are quickly rendering. As a result, many top companies including automotive, telecommunication, and media are being reshaped in order to give rivals a competitive advantage. Here are some of the essential skills CFOs must have to stay ahead in the digital age:

 

CFOs must become analytics experts

A CFO should only spend 10 per cent of their time and efforts on transactional and the remaining 90 per cent on analytics. The more time they invest on...

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