Critically asses the challenges faced by financial managers due to changes in the macroeconomic environment and how these impact businesses operations. Emphasize how there are consequences related to changes in strategies and priorities and in the way the departments adjust.
Paper Sections (7 Double-spaced pages)
• Executive Summary - includes a statement of the major issue(s) and your conclusions and specific recommendations
(Paper Body)
• Introduction
• Review of Research (sections below)
o Transformation of Role
o Risk Management
o Regulations
o Strategy
o Operational Challenges
• Methodology
• Results
• Conclusion
References
Firk, S., Schmidt, T., & Wolff, M. (2018). CFO emphasis on value-based management: Performance implications and the challenge of CFO succession. Management Accounting Research. doi:10.1016/j.mar.2018.11.001
Ilie, L. (2017). Challenges for Financial Managers in a Changing Economic Environment. Procedia Economics and Finance. 27, 726-730. doi:10.1016/S2212-5671(15)01054-0
Hale, R. (2019). What DoD Financial Managers Can Learn from Their Critics. Armed Forces Comptroller, 64(1), 6–13. Retrieved from http://search.ebscohost.com.ezproxy.umuc.edu/login.aspx?direct=true&db=bth&AN=135097226&site=eds-live&scope=site
Lyon, J., & Lawson, R. (2012). Accountants for business: The changing role of the CFO. The Association of Accountants and Financial Professionals in Business. Retrieved 23 June 2017, from http://www.accaglobal.com/content/dam/acca/global/PDF-technical/finance-transformation/pol-afb-croc.pdf
Marshall, J., & Heffes, E. M. (2006). What Does the Future Hold, for Finance and CFOs? Financial Executive, 22(10), 16–20. Retrieved from http://search.ebscohost.com.ezproxy.umuc.edu/login.aspx?direct=true&db=heh&AN=23331579&site=eds-live&scope=site
Probst, J. (2019). Global real interest rate dynamics from the late 19th century to today. International Review of Economics and Finance, 59, 522–547. https://doi-org.ezproxy.umuc.edu/10.1016/j.iref.2018.10.016
Sample Solution