Value Creation

Value Creation

The evolution of CFO to CVO
In today's rapidly changing business landscape, the role of the Chief Financial Officer (CFO) has evolved beyond traditional financial management. Organizations are now expected to report on non-financial and value-centric aspects of their operations, which has led to the emergence of the Chief Value Officer (CVO).

In exploring the role of the CVO and how the role of the CFO is changing, the Association of Chartered Certified Accountants (ACCA) and BDO Global developed a report: Chief Value Officer – The Important Evolution of the CFO. We consulted nearly 100 finance leaders from across the globe, representing a variety of organizations from large corporates to start-up businesses. The report focuses on two key questions:

What do we mean by the term ‘value’?
Is the CFO responsible for value measurement in organizations or is there a separate CVO role developing?
To find out the answers to these key questions, download the report now.

Our analysis of 10 years of financial disclosures from more than 4,000 global organizations reveals where digital transformation actions can increase enterprise value—and, just as importantly, where they can erode it.
Digital transformation is on everyone’s agenda. But the hardest part of any transformation is not deciding whether to embark on it; it’s understanding whether you’re seeing distinctive returns on your investment. Organizations often struggle to determine which actions drive the most impact and which investments yield the most enterprise value.

CPA Nicole Barry, chief financial officer of MaRS Discovery District, shares her views on where Canada stands in terms of innovation, and how we can improve. Nicole Barry is no stranger to innovation. A recipient of the CPA Early Achievement Award, she has held senior leadership roles in organizations ranging from large corporations to academia and is also the founder of two startups—including Winnipeg’s Half Pints Brewing Company.

The role of chief financial officer has evolved considerably over the past few years. Here is what to expect from the position today.
For many CPAs, becoming the chief financial officer of an organization remains their ultimate career goal. But today the position looks very different from the way it did even 10 years ago. Now, more than ever, the decisions made by the CFO are likely to affect the performance of the entire organization.

A growing, global demand for sustainability—in society, in public and private organizations, and on our planet—has fueled demand for enhancing corporate reporting. For investors and sustainability-minded stakeholders to assess a company’s future performance, they need a clear and comprehensive picture of its ability to create sustainable value over time—not just a snapshot of its finances.

Accountancy provides an excellent pathway to a rewarding career in business or the public sector. Professional accountants in business fulfill a variety of finance and commercial-facing roles. Their professional accountancy designation provides the foundation for enabling successful organizations.

The digital and sustainability transformations of organizations globally also provide opportunities for professional accountants to be more strategic and central to their organizations than ever before.

Integrated Thinking and the Role of the Finance Function

Stathis Gould and Yen-pei Chen discuss integrated thinking and the role of the finance function as part of the Value Reporting Foundation Symposium. Watch now.

Value Creation Decisions and Measurement Primer

About the Value Creation Decisions and Measurement Project

What is your data worth? Insights for CPAs

Data value is driven by its context. This article identifies key considerations in assessing the value of data and its role in value creation.

Aligning internal and external integrated reporting | Integrated Reporting SA

The content areas and six capitals of the integrated report offer a useful structure for holistic internal reporting and driving integrated thinking. See the Integrated Reporting Committee (IRC) of South Africa’s latest Information Paper Aligning Internal and External Integrated Reporting.

CFOs and Finance Functions – from Business Partnering to Value Partnering

The rapid modernization of the CFO and finance function provides significant opportunities to accelerate the value contribution of professional accountants to business success.

Global value creation solutions directory

This directory is a centralized system that allows users to learn more about value creation solutions available in the marketplace and find the ones that best suit their organizational needs.

Integrated thinking - Integrated Reporting

The Value Reporting Foundation’s Integrated Thinking Principles (‘Principles’) provide a structured approach to structured approach for considering how to create the right environment within an organization, as well as for reviewing what can, at times, go wrong. They are designed to be embedded into an organization’s business model and applied across key activities overseen by the Board and managed by the senior management team. The Principles, which are are interconnected, are implemented on three levels: the first comprises questions to the Board and CEO on how widely each Principle has been adopted across the organization; the second offers the opportunity to test how deeply the Principles have been embedded into the organization; and the third consists of management tools, practices and processes to bring integrated thinking to life.

Purpose Drives Profit: How global executives understand value creation today

A vast majority (98%) of global business executives say that it is now critical for organizations to have corporate purpose, according to a new report: Purpose Drives Profit: How Global Executives Understand Value Creation Today.

How do you move long-term value creation from ambition to action

EY Value Realized: Reporting progress on EY’s global impact in 2021. Read the EY Global Chairman and CEO's letter.

Introduction to value creation Opportunities for CPAs

In today’s economy, CPAs need to apply skills to support forward-looking decisions that create more value for their organization and stakeholders. Join us as we discuss what is meant by “value creation,” why CPAs should take a leadership role in this space, and what resources are available to help you succeed.

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Elevate 2024 - Last chance to register
Simply. Essential
Elevate 2024
Join CPA Alberta for Elevate 2024, the profession’s premier week-long event. This year’s theme, “Simply. Essential.” acknowledges the essential roles CPAs play in their workplaces and communities and invites you to slow down and take some time to simplify and participate in some activities to help you connect, learn, and recharge.
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