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Great conversation on the transformation of the CFO

Samuel Dergel has a LinkedIn conversation "CFOs need to be more business leader and less accountant. Looking forward to working with CFOs to help them achieve that in 2017. Thanks to Armanino LLP for the photo." It's tied to the photo in the post.

Essentially, it says (if the link below doesn't work) the today the CFO is 25% business leader, 20% protector and 55% accountant. This needs to evolve to 50% business leader, 20% protector and 30% accountant.

What's your feeling?

https://www.linkedin.com/nhome/updates?activity=6220250154100891648

Answers

Jason M. Jones LPA
Title: Deputy Treasurer - Staff Accountant
Company: Franklin County Treasurer
(Deputy Treasurer - Staff Accountant, Franklin County Treasurer) |

Dangit Wayne you beat me to it. I wanted to be the one to make this post. *lol*

That said, I do agree with his illustration and I always saw the role of a CFO as a business leader first, although in contrast to Dergel's illustration there is one CFO consulting firm who believes that a true CFO is 90% business (operations, sales, and finance), and 10% accounting. Nevertheless, I think that accounting should be a seldom/rare function for a true CFO, not a common function.

That said, I have a follow-up question I will ask in a separate discussion thread.

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