Re-inventing finance for a digital world: Strategic thinking supplement
This white paper tells the story of the research underpinning AICPA & CIMA views on how strategic thinking and decision-making are changing in a digital world. It describes the implications for finance professionals, employers, academics and tuition providers, regulators, and policymakers when thinking strategically.
This white paper:
sets out a vision for strategic thinking and decision-making in a digital world.
details the strategic challenges organisations face in a digital world.
describes the implications for the finance function and the performance required to meet strategic organisational challenges.
profiles the changing skills, competencies and mindset that finance professionals must adopt to ensure they can address the strategic challenges organisations face.
Re-inventing finance for a digital world: Strategic thinking supplement tools and techniques
This CGMA report outlines 11 tools and techniques for finance professionals to experiment with when focusing on the strategic challenges organisations face in a digital world.
In this report, you will also learn about
understanding limitations,
emergent strategies,
holding better meetings,
and more.
Global Management Accounting Principles© Effective management accounting: Improving decisions and building successful organisations
The purpose of the principles is to improve decision-making in organisations through the provision of high-quality management information. The principles further support individuals in benchmarking their organisations against best practices.
In terms of developing a strategic mindset, consider reviewing the following sections:
Successful organisations have effective management accounting functions
The strategy, plan, execute, review and refine cycle (p. 21)
Financial strategy (p. 30)
