Finance departments at manufacturing and other companies look very different than they did just a few years ago, and the ever-increasing complexity of business has a lot to do with that. Today, finance teams are just as likely to be involved in such areas as IT development, cyber-security and strategic business planning as they are in more traditional areas, such as accounting and financial reporting.
“Increasing business complexity has become the new norm, and it’s not surprising that businesses are having to adapt and manage the rapid change,” explains Arleen Thomas, CPA, senior vice president of management accounting and global markets for the American Institute of CPAs (AICPA), an industry trade association. “As a result, organizations are calling upon management accountants to play a larger role than ever before,” particularly in providing the financial understanding needed to mitigate risk and ensure compliance at their companies.
In a poll of senior-level executives conducted by AICPA…[read more…]
Printed with permission by IndustryWeek.com.
By Dave Blanchard, from: http://www.industryweek.com/finance/finance-c-suite-increasingly-looks-finance-some-help