Finance flash: the TOP-10 articles of week 8, 2020

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. Forecasting Special Report: Nailing the Number
The stakes are high when forecasting sales revenue. Here’s how CFOs are inching closer to producing reliable targets.

2. Why boards must focus on talent beyond the C-suite
With talent a concern globally, company directors and others must develop and execute more robust talent strategies.

3. Are Offices Obsolete?
The COVID-19 epidemic has highlighted the vulnerabilities of the traditional physically co-located office, forcing many Asian companies to work remotely. However, a small but growing number of tech companies are intendedly going “all-remote”. They may well be harbingers of the future of work.

4. Digital Transformation: Obsolete Concept or Rare Feat?
Every company seemingly is digitally transforming, so does the term have any real meaning? Only a small slice of companies are doing the term justice.

5. 5 tips for avoiding favouritism in the workplace
There are two main types of favouritism, according to Paul Russell, managing director of Luxury Academy, a UK- and India-based training company. Arbitrary favouritism can happen when you treat a particular staff member differently because you get along with them and maybe enjoy socialising with them. Performance-based favouritism can happen when you naturally acquiesce to requests from high-performing employees more than other employees.

6. Top 5 Excel functions you might not know
How about the top five functions you should be using that have been around for a while and are accessible to standard Excel users? There you have it. Dear reader, I present the top five functions that are available right now (and have been for some time) that you might not be using. These are not necessarily your usual suspects, in alphabetical order.

7. Every Leader Needs to Navigate These 7 Tensions
In recent years, articles have claimed that old-style command-and-control leadership is “out” and a new way of leading is “in.” Instead of telling people what to do, leaders should ask them open-ended questions. Instead of sticking exactly to plans, they should adjust goals as new information emerges. Instead of working from the gut, a leader should rely on data to make decisions. And so forth.

8. Can Big Retailers Be Saved?
Innovative store concepts are buying some time, but brands like Macy’s and J.C. Penney need a lot more to reverse the falloff in sales.

9. The digital traits of the CFO
Andrew Hicks, CFO at Advanced discusses some of the most important digital traits of a CFO as technology is changing the role of the CFO

10. Common Mistakes Companies Make When Addressing a Material Weakness
Lack of urgency and accountability are among the most common mistakes that companies make when addressing identified deficiencies.