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HR can learn from Finance - how to provide actionable data that informs decision making.” “Accountants and finance experts need to be integral to strategy development, and strategists and policy wonks need to love numbers and data.” Executives live and breathe budgets, expenditure, income and revenue - by necessity if nothing else. “Corporate finance areas are doing something right. So rather than make the tough decisions we needed to, based on sound data, we would argue pointlessly about the validity of the data.

“I can’t tell you how many executive meetings I’ve attended, for example, where the data from HR and the data from finance was different. There is too little communication in “the relationship between the numbers people and the ‘people’ people,” said Foster, “even though they will often sit side by side.”

“Too often, there isn’t a genuine partnership between the numbers people and the strategists – and an insufficient blending of the two – accountants and finance experts need to be integral to strategy development, and strategists and policy wonks need to love numbers and data.” “I can certainly think of times in my public service career when we developed strategy or policy without a strong understanding of the financial impacts, or without detailed financial analysis. “It left me wondering how well we are doing this in the public sector,” said Foster. She observed that not only do assumptions and estimates play an “enormous role” but they are usually made by financial staff, which means the “critical market information” possessed by operational executives is left out of decision-making. During the eight-week course, Foster said she was struck by the way accountants go on with their work despite not having all the real numbers in front of them.
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She confessed to the room full of accountants, most of whom work in the public sector, that financials were not her forte if the intensive Advanced Management Program at Harvard Business School had required students take a straight accounting exam, she would have failed it.īut the human resources leader took away an important lesson from Harvard’s “CEO boot camp” nonetheless: financial management must be integrated closely with strategy, execution and art of managing personnel. “Too often, there isn’t a genuine partnership between the numbers people and the strategists.” Speaking at the recent CPA Congress, deputy Australian Public Service commissioner Stephanie Foster acknowledged the obvious - financial management is critical to any large organisation - but said finance teams should be more integrated with other areas and vice-versa.
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Why live a boring life when you can add as much fun and happiness as you like? Even something as seemingly mundane as a career in accounting can be made fun with a bit of personality.The Australian Public Service is full of number-crunchers with skills in finance and accounting but to make the most of them, executives need to unite the different professional tribes, according to a senior Commonwealth human resources leader. This is the perfect vanity plate to celebrate your first job. Make sure your accounting game lives up to your plates. The vanity plate for the best in the business. There are a few ways to mix the order of letters up, but it’s a great plate for a CPA. The nickname given to accountants as far back as they have existed is a bean counter. Top International Destinations to Take the CPA Exam.CPA Salary Guide: How Much Can You Make?.Normally, things depreciate with time however, vanity plates like this will make you money for years to come. The register would open, and the sound was KA-CHING!ĭisplaying the word depreciate on your vanity plate is almost ironic, because for you it will do the opposite the longer you have it on your car.

Where does the word come from? It is used when people talk about large amounts of money and originates from past days when cash registers had bells. Everyone loves the sound of money being spent well. Show me the money! Ka-Ching is a great word when it comes to finances. Its smart, professional and a bit fun.įor the professional accountant, there are many ways you can show that you enjoy what you do this is one great way to do it. This great vanity plate gives a clear message about what your job is, for anyone who sees your vehicle in the street. Be proud to be a professional and show it off. It’s simple yet effective and gives people the idea that you are very good at what you do. This is an obvious choice for someone who is working their way through people’s numbers for a living.
