Operational Driver Skills Final Assessment

What are the first things that a CFO should do when leading a non-finance function?

Take time to get to know your team, build strong relationships and gather the wider firm's thoughts about the function.
Build strong technical expertise within that function by reading books and enrolling for relevant training courses.
Implement changes that you believe will improve the function immediately.

Which of the following functions are you most likely to lead as a finance leader in a smaller organization?

What is the definition of a systems integration?

The process of linking together different computing systems and software applications physically or functionally, to act as a coordinated whole.
Combining two different financial processes into one to help generate efficiencies.
Create a manual upload function within an existing system.

What percentage of spreadsheets contain errors according to research?

Which of the following is a popular three-step methodology for helping to improve financial processes?

In the Lean Six Sigma methodology, what does DMAIC stand for?

How can a finance leader best help non-finance employees to understand the financial implications of their actions?

Make sure that everyone in the company understands the financial statements and that they have access to financial data.
Send people long detailed documents that contain significant financial jargon.
Fix the financial issues that arise from their actions within your finance team without consulting them.

What is a financial culture?

A financial culture is where each employee aims to minimize their level of spending throughout the business.
A financial culture is where people consult with finance on every activity that they wish to perform before committing to it.
A financial culture exists when every employee is aligned to the commercial goals of your business and seeks to deliver them across all their activities.

How many Vs are there in the characteristics of Big Data?

What is the best type of financial dashboard for your company?

One that is tailored specifically for your business needs and provides valuable insights in real-time.
A standard report that is provided to everybody across your business on a regular basis.
The financial dashboard that is used by your largest market competitor.

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Operational Driver