The Role of Finance May Be Changing, But the Route to the Top Remains the Same

Wharton-Habitat Housing Finance Course at Asia-Pacific Housing Forum

However, the available evidence suggests that if anything the reverse has happened, (see table). While 80% of FTSE Financial Directors continue to hold one or more accounting qualifications (and many of those that dont have an MBA or some other higher qualification typically relevant to their industry), it is evident that most still hold a qualification from one of the two bodies that are more orientated towards financial accounting rather than those that are more focused on management accounting. Despite the increasing focus on value creation, my guess is this is never going to change much even over the next twenty years because listed companies always need a head of finance who can tick all the traditional boxes of financing, M&A, compliance, reporting, taxation and investor relations. Such experience is undoubtedly best gained by spending part of ones career in an advisory role in one of the big accounting groups rather than diligently working away inside companies as a value-adding partner to ones peers, only to hit a glass ceiling when it comes to getting the senior position. Just isnt going to happen, is it?

German finance minister: future aid to Greece will be much smaller than existing bailout deals

Protesters from a coalition of groups demonstrate the conviction of Wikileaker Bradley Manning late August 21, 2013 in front of the White House in Washington, DC. A US military judge sentenced Army Pfc. Bradley Manning to 35 years in prison August 21, 2013 for leaking hundreds of thousands of classified documents to the anti-secrecy group WikiLeaks AFP PHOTO/Paul J. RichardsPAUL J. RICHARDS/AFP/Getty Images

we will have to concern ourselves in the middle of next year with new measures for Greece. A new IMF working paper offered a different explanation of why the lending agency erred in underestimating the impact of austerity measures on Greeces economy. In June, the IMF said it had miscalculated the effect that cutting government spending would have on the Greek economy and that this had worsened the countrys deep recession, now in its sixth year. A new working paper released this week said gross domestic product forecast errors for Greece were due more to over-optimism on potential growth and less to do with misjudging the impact of spending cuts. The paper also blamed Greeces government in part for failing to implement changes in the structure of the economy more quickly and efficiently and added that political and social upheaval also undermined progress.

And by the end of 2013, the company expects to reduce working capital by a total of more than 50 percent from its 2011 starting point. Im proud to lead AT&Ts finance group and be part of our great management team, said John Stephens , AT&T senior executive vice president and CFO. Together were committed to driving value for our shareholders, including by managing AT&Ts working capital as it if were our own money. About AT&T AT&T Inc. (NYSE:T) is a premier communications holding company and one of the most honored companies in the world .

AT&T Recognized For Most Effective Finance Organization

Mohamed El Sioufi, Coordinator, Housing and Slum Upgrading, UN-Habitat, Nairobi; Richard Northcote, Head of Communications, Public Affairs and Sustainability of Bayer MaterialScience; and Efren Penaflorida, 2009 CNN Hero of the Year. The Forum, themed ‘Housing as a foundation for breaking the poverty cycle’, will feature five discussion tracks, focusing on affordable housing finance, disaster resilience and climate change, shared value and corporate social responsibility leadership, housing policy and advocacy, and sustainable housing solutions. Apart from the Wharton-Habitat housing finance course, the event will feature a one-day workshop on the Eco-Town Framework by the Philippine Climate Change Commission and demonstration/discussion workshops by the Asian Development Bank on energy efficiency technologies and sustainable energy for all. Entry to all workshops is included in the registration fee and seats are limited on a first come first served basis.

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