Rise of the fractional CFO

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

What percentage of businesses in Asia Pacific are MSMEs?

97 percent

69 percent

Around half

38 percent

What proportion of the region's workforce is employed by MSMEs?

Nearly 69 percent

More than 97 percent

38 percent

Around half

What is a common misconception about fractional CFOs?

They primarily work in the banking sector 

They are geared towards large corporations only

They are too expensive 

They are basically part-time accountants or bookkeepers

What key role can fractional CFOs play beyond managing financial records?

All the other answers are correct

Provide strategic financial guidance and decision-making

IT infrastructure management 

Support an organisation's marketing strategy 

What challenge is particularly highlighted in managing finances across Asia Pacific?

Regulation varies enormously

Operational and financial complexity across jurisdictions

All the other answers are correct

Poor IT infrastructure remains an issue

Which of the following statements is true? Statement 1, SMEs are increasingly hiring fractional CFOs because their finance functions have not scaled with growth. Statement 2, SMEs are increasingly hiring fractional CFOs because they do not have the revenue to build a finance function

Both statements

Statement 1

Statement 2

Neither statement

Which of the following statements is true? Statement 1, cash management is particularly difficult in the region due to varying payment cycles. Statement 2 cash management is particularly difficult in the region because of fragmented banking systems

Both statements

Statement 2

Statement 1

Neither statement

How large is the market for outsourced CFOs projected to be by 2033?

1.8bn US dollars

5.5bn US dollars

9.2bn US dollars

11.8bn US dollars

By how much has the demand for interim leaders increased since 2020?

310 percent

31 percent

110 percent

241 percent

What proportion of CFOs make up requests for interim C-suite professionals?

None of the other answers is correct

51 percent

78 percent