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Finance function effectiveness

Our selection of books, articles, links and guides can help you identify best practices and techniques to apply to your finance function.

What's on this page?

  • eBooks
  • Online articles
  • Useful links
  • Articles and books in the Library collection

Featured article

Maintaining relevance in the digital age
The article discusses the need for the management accounting profession to refocus on providing actionable cost information to support internal decision making, or risk becoming obsolete, in the face of technological change.

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Featured link

Finance Direction
Thought leadership resources from the ICAEW's Finance Direction programme, including case studies and reports on the role of finance departments in organisations.


The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Complete CFO handbook: from accounting to accountability, The

An overview of cost accounting for financial executives.

Finance director's handbook

Guide to the duties of modern finance directors.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Managing and building remote finance teams

The article looks at how many accounting and finance leaders keep their teams safe, maintain high productivity levels, and further build remote teams during the COVID-19 pandemic.

AI and the accounting function

In this paper the authors evaluate the current ability of the accounting function to accommodate the introduction of Artificial Intelligence (AI) in an organisation. Accounting tasks that can utilise AI are looked at and a framework for AI in the accounting function is discussed.

The Changing roll of the CFO: being the leader of the finance function is more complicated than ever.

Article looks at two CFOs who discuss how their role has changed, particularly with reference to technology and robotic p[process automation.

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Useful links


How to nurture the financial leaders of tomorrow
ICAEW's Rick Payne proposes three ways financial officers can lead change to enhance organisational performance.

Finance business partnering case studies
Case studies demonstrating how finance departments can play a broader business role in organisations.

Finance direction 
Thought leadership initiative from the ICAEW Business and Management Faculty, which carries out research and publishes reports on the role of the finance function in an organisation.


United, connected and aligned: how the distinct roles of internal audit and the finance function drive good governance
Joint publication of IFAC and the International Institute of Auditors (IIA) compiling insights from 11 governance experts on collaboration, corporate culture and key competencies.

Finding the formula for success
Deloitte's Finance Benchmark survey, conducted with 139 organisations in 2015. The survey identifies important opportunities for the finance function and highlights examples of current good practice.

Talent and capability in global finance functions
This April 2013 ACCA report uses detailed case studies to present insights from leading organisations on the challenges, solutions and opportunities for talent management in today’s global finance function.

Finance effectiveness benchmark report 2017
A 2017 benchmarking report from PWC, based on data from nearly 600 finance organizations worldwide.

Finance transformation: a missed opportunity for SMEs?
This report, published by CIMA in October 2011, shows how finance functions are changing in leading organisations. It provides examples how SMEs can learn from large companies when transforming their finance function to help them make better decisions to improve their performance.

Articles and books in the Library collection

Right action
Finance and Management, May 2015
Recent research from Deloitte suggests that although the finance function can support decision-making in business, senior stakeholders are not always applying their analyses effectively.

Beyond bean counting: steps for lifting a finance function skill set towards "adding value"
(Finance Mechanics, 2013)
This book uses an extended case study that "provides valuable yet logical steps for lifting a finance function skill set towards adding value."

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