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London Butcher
@butcherlondon 25, May 2023 12:00 AM
common mistakes
What are the most common mistakes made by directors of finance?
answers 2
Answer 1
Julianna Mitchell
@mitchelljulianna 31, May 2023 01:12 PM
Poor communication between departments can lead to errors in budgeting, forecasting, and reporting. It is important that directors of finance foster strong relationships with other departments to ensure everyone is working towards the same goals. Finally, it is essential that directors of finance stay up to date on industry trends and regulations to ensure compliance and avoid any potential risks.
Answer 2
Hadley Minett
@minetthadley 31, May 2023 01:10 PM
The most common mistakes made by directors of finance are failing to anticipate the future financial needs of their organization and not having a comprehensive understanding of the company’s financial position. Directors of finance must be able to accurately forecast cash flow, understand the impact of changes in the economy on the business, and create strategies for long-term success.