1. I’m a CFO
Alejandra Soche – MC VP FL&M AIESEC in Colombia

2. 
What is for me be a CFO?
QUALITY ?
EXTERNAL RELATIONS ?
EXCHANGE SALES ?
BANK ?
RESOURCES MANAGEMENT ? OPERATIONS SUPPORT ?
LCP SUPPORT?

3. The senior manager responsible for overseeing the financial activities of an entire
company. He or she analyzes the company's financial strengths and weaknesses
and suggests plans for improvement.
CFO and …
… Strategic & Financial Planning.
… Financial reporting.
… Cash management.
… Accounting.
CFO
(Chief Financial Officer)

4. STRATEGIC & FINANCIAL
PLANNING

5. 1. Develop structure for annual planning.
2. Monitor and report variances.
3. Accountability.
4. Refine and implement processes.
PLANNING PROCESS

6. 1. Run your business with more control.
2. Budgeted capital expenditures.
3. Adapt to changing conditions.
BUDGETS

7. 1. Monthly and quarterly.
2. Challenge assumptions and performance.
3. Operate conservatively.
4. Overstating financials can only do harm.
MANAGEMENT MEETINGS

8. 1. Mission, Objectives, Strategies.
2. Operations and General Management experience.
3. Well versed in marketing and sales.
4. Work closely with department heads.
5. Trusted advisor to CEO
MISSION

9. FINANCIAL REPORTING

10. 1. Monthly, Quarterly and annual.
2. Understand your financial performance.
3. Income statement, balance sheet, cash flow statement.
4. Careful analysis to guarantee accuracy.
FINANCIAL STATEMENTS

11. 1. Reports should be management tools.
2. Variance vs Budget.
3. Historical Data.
4. Organized by department or function.
INFORMATION THAT IS USEFUL

12. 1. Monitor KPI’s or Metrics.
2. What number drive your business?.
3. Financial dashboard or scorecards.
DASHBOARDS

13. 1. Reporting strategies to minimize taxes.
2. Maintaining a strong balance sheet.
3. Project strength to stakeholders.
COORDINATION WITH CPA
(Cost per action)

14. 1. Others should understand financials.
2. CFO should provide training/guidance.
3. 3rd party services can also provide training.
INVOLVING OTHERS

15. 1. Include others.
2. Identify trends and areas for improvement.
3. Understand your financial performance.
4. Determine changes that are needed.
MONTHLY FINANCIAL REVIEW

16. CASH MANAGEMENT

17. 1. Forecasts.
2. Dashboards.
3. Weekly, monthly, yearly.
4. Requires a team effort.
5. Head off problems before they arise.
PROACTIVE PLANNING

18. CASH MANAGEMENT
1. Manage your line of credit and debit effectively.
2. Minimize interest payments.
3. Improve profits.
4. Invest in short-term assets.
5. Increase future cash.

19. 1. Insure cash is available when needed.
2. Understand your capital needs and collection cycle.
3. Chart out future inflows and outflows.
WORKING CAPITAL

20. ACCOUNTING

21. 1. Oversight and leadership.
2. Build a competent team.
3. Insure timeliness and accuracy.
4. Establish procedures and policies.
ACCOUNTABILITY

22. 1. How can processes be improved?.
2. Areas to consider.
3. Billing, collections, payroll, A/P, inventory tracking, etc.
CONTINUOUS IMPROVEMENT

23. 1. CFO should mentor accounting staff.
2. Provide support.
3. Answer questions.
4. Help to others grow
MENTOR AND LEADER

24. THE POWER OF NOW
…….
WE ARE READY FOR BE AN
EXCELLENT CFO
OF AIESEC IN COLOMBIA