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Potential Concerns for CFOs Heading Into 2012

Potential Concerns for CFOs Heading Into 2012

As chief financial officers make their final preparations for their companies' budgets and projections in 2012, there are a number of challenges that still need to be considered, according to CFO World.

Perhaps most importantly, finance chiefs need to realize that the sovereign debt crises are not simply going to go away, with Greece and Italy perhaps only being the first countries to experiece such issues in the euro zone.

"The sovereign debt crisis has become a major threat to the real economy," Geraint Johnes, professor of economics at Lancaster University Management School in the UK, told the publication. "If an orderly exit of some economies from the euro cannot be negotiated, then fiscal integration that goes substantially beyond the existing proposals is needed."

In a similar vein, finance chiefs need to be wary of the fact that global financial markets will likely remain unstable, with investors continuing to react to each bit of positive and negative economic news. For this reason, the news source said finance bosses need to improve investor relations by demonstrating corporate stability.

On top of these items, CFOs need to be increasingly aware of risk management issues and talent acquisition, two of the major challenges highlighted in a number of recent financial executive surveys.  

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