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Finance Direction

Advancing thinking and debate

"Finance
ICAEW’s Finance Direction programme aims to help accountants in business think through the challenges and develop approaches tailored to their own unique circumstances.



What it’s all about?

CFOs and finance departments across the globe are striving to contribute more to organisational performance. This is nothing new, but achieving success in no easy task and there are no one size fits all solutions. ICAEW’s Finance Direction programme aims to help accountants in business think through the challenges and develop approaches tailored to their own unique circumstances.  We do this through a combination of research, events and providing forums for discussion. On this page you will find links to a number of resources to help you on your journey.  If you want to contribute to the discussion please email fmfac@icaew.com.

Main reports

How do you develop the capabilities necessary to contribute more to commercial decision making and strategy? And what if the rest of the organisation does not want input from finance? 

How does your finance function compare and how do you deal with the inherent tensions we highlight?

What can a 1963 lecture on the finance function teach us? For Shell’s Group CFO the lecture still resonates.

What do you need to think about when it comes to organisational structures and how does the finance function fit in?

 

What's new?

Business Finance Guide

The Business Finance Guide – a journey from start-up to growth is a major initiative supported by 19 eminent professional, representative and membership organisations. The publication has been co-ordinated by the Corporate Finance Faculty and the new British Business Bank. This is a unique guide that sets out the main things to consider when raising funds for growth and outlines sources of equity and debt finance available to businesses – ranging from start-ups to SMEs and growing mid-sized companies. The guide also includes several tools and ideas to help businesses consider their options, make decisions and plan how they will finance expansion.

Finance in the broadest sense

Building effective finance functions is a key concern of organisations and finance professionals. At a time when many claim we face unprecedented challenges, Stanley Harding's 1963 lecture on the finance function reminds us that there are many lessons we can learn from history. This report reproduces the lecture in full and complements it with expert commentary.

Finance director: then and now

Fifty years ago, Shell’s deputy controller Stanley Harding gave a lecture on the finance professional’s role in business. But how far has it changed since then? Rick Payne looks back, and the experts respond.

Control by design: managing innovation

Accounting controls can be seen as a barrier to innovation. But as an American Accounting Association guest panel explained to Rick Payne, it is worth getting over the hurdles.

Where's my jet pack?

Business technology was born in the finance function – and accountants make more use of it than most. So why hasn’t IT completely revolutionised the role of finance? And how might accountants engage with it to engineer really radical change in the future? Kirstin Gillon investigates in an article for Chartech magazine.