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Accountants for Business report
The scale of the economic downturn has forced organisations to re-evaluate the priorities of finance. The optimal finance function will be one that can adapt to the needs of business quickest. The challenges businesses will face over the next 12 months will provide a golden opportunity for accountants to drive the value agenda in their businesses. Strong control in finance operations, and insightful business analysis are the key value drivers in the current challenging business environment. Involvement of finance in regulation and strategy areas is considered to be adding less value presently. The report provides a framework for organisations assessing and reviewing the effectiveness of their finance function, and suggests how an optimal model for finance can be derived.
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