Finance flash: the TOP-10 articles of week 51-52, 2019

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

1. IT Pros to Finance: We Need More Budget
Information technology managers "are starting to get a bit frustrated" with little to no annual budget increases, says Computer Economics.

2. Our Favorite Management Tips from 2019
‘Tis the season for “best of” lists, so we looked back at our year in Management Tip of the Day newsletters to share some of our favorite quick and practical pieces of work advice. Here’s our top 10. Is there a tip or other advice we published this year that changed the way you think about work? Or an article that you found especially useful? We’d love to hear from you. Please let us know in the comments.

3. IASB Proposes Changes to Reporting of Profit and Income
The proposals represent "a game changer in the comparability and usefulness of financial statements," said IASB Chair Hans Hoogervorst.

4. How purpose-led missions can help Europe innovate at scale
Missions can foster broad collaboration between business leaders and the public sector while also garnering support from European citizens. 

5. Five Qualities for Leading Business in the 21st Century
However, although circumstances have changed, people continue to look for leaders who provide guidance in much the same way as leaders of previous centuries did. Leadership is still largely viewed through the filter of politics, but big business – the sort that controls an economic value that compares with an entire continent’s GDP – is a growing source of leadership that determines the direction of the world. Given these realities, how does one lead effectively in business?

6. Uncover the Hidden Costs of Your Next Cyberattack
Although financial executives have generally gotten the message about cyber risk, that doesn’t mean they understand all of its dimensions; nor are they necessarily prepared.

7. Why businesses should optimise central financing
Owen Pettiford, SAP Architect and SAP Mentor at Syniti discusses why businesses should adopt a central finance solution to aid digital transformation.

8. How Managers Self-Sabotage When Giving Negative Feedback
Studies show that managers consistently fail to communicate corrective feedback clearly. This failure often leads to misunderstanding, negatively affects performance and is a major source of frustration for employees and HR professionals.

9. Slow and steady won’t win the race
Speed, agility and being tech-savvy are essential attributes for the CFO of 2020, predicts Andrew Hicks, CFO at Advanced.

10. The 10 Greatest Inventions of the Past Decade
When the 2010s began, smartphones were in their infancy, artificial intelligence had few consumer-facing applications, and self-driving cars were a sci-fi fantasy. A lot has changed. As 2019 comes to a close, here's a look back at some of the best and most important inventions of the decade.