Finance flash: the TOP-10 articles of week 46, 2018

Want to keep up to date with the latest developments in finance, but you are short of time? Don't worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience.

1. Cybersecurity and the risk function
Are your information technology, cybersecurity, and risk professionals working together as a championship team to neutralise cyberthreats and protect business value?

2. How Google.org is helping workers prepare for a digital skill shift
Jacquelline Fuller, president of Google.org, shares how her organisation is preparing for the future of work through online training that reaches those who need it most.

3. The Key Ingredient Every Agile Company Needs Right Now
IQ is a number that depicts a person's intelligence, assessed through a series of tests. EQ is the measure of your abilities in "such areas as self-awareness, empathy, and dealing sensitively with other people," according to Collins English Dictionary. You need both IQ and EQ in today's organisations, but that still leaves an important ability out. What today's leaders and teams need for agile organisations is DQ--Design Quotient.

4. Poor Nonfinancial Reporting Tests Investors’ Trust
Many senior finance executives admit that the public has a low level of trust in large companies, often because of nontransparent reporting.

5. The Five Key Capabilities of Effective Leadership
If you look up the phrase “leaders should find people who complement them”, Google may just show you results for “leaders should find people who compliment them”. Funny – or scary?

6. Finance needs to ‘push out paper’ to drive digital transformation
There is still a lot of hype surrounding digital transformation and many business leaders are looking at initiatives as a way to transform their organisations. However, with spending on digital transformation technologies expected to hit nearly $1.3 trillion this year, it’s somewhat surprising that the finance function often gets left behind. This leaves the department to grapple with cost, efficiency and productivity issues, while the rest of the company pushes ahead.

7. The Amazon deal is even worse than it looks and will cost NY more than it thinks
The fourth-costliest megadeal in US history, just behind the Foxconn fiasco in Wisconsin, will actually cost $112,000 per job in New York and even “that is not a full accounting” for its impact.

8. (Re)-Designing Organisations in the Age of Algorithms
Strategy execution still requires organisation design and development skills. But here’s what it may look like in a world of big data and AI.

9. A great function for scenario analysis in Excel
Here is a useful function for modelling that is often maligned: OFFSET. This function considers disposition or displacement and has the following syntax: OFFSET(Reference,Rows,Columns,[Height],[Width])

10. Tips for Nailing a Finance Job Interview
Job interviews can be intimidating and nerve-racking for even the most accomplished finance professional. However, being prepared goes a long way in curbing those nerves. Below are a few tips to help you navigate the interview process with poise and confidence.