To the blog for small and medium sized business (SME) owners.

Monday, January 01, 2007

The Role of the Part Time Finance Director

The business environment will continually change and the role of the Part time Finance Director must also change to meet the new demands of business.

Indeed it is only in recent years that employing a Finance Director in a part time capacity has become more prevalent, and in itself reflects the changing needs of business.

The part time Finance Director is expected to be more than a keeper of accounts but also to become an integral part of the management team contributing to the success of the business.

Typically this may include active participation in planning, strategy development, fund raising, management information systems, quality management systems, preparing for exit, training and so on and will afford the part time finance director the opportunity of working with his/her peers on making good informed decisions that will improve business performance.

The role of the Part time Finance Director will vary in different environments, however, the import and expectation that the incumbent is keeping abreast of changing legislation and management trends, enhancing appropriate skill sets and is an active team player has never been so great.

The business owner can be comforted that professional accounting bodies mandate that members do carry out an ongoing programme of Continual Professional Development (CPD), which helps the qualified part time finance director to meet the needs and expectations of the business owner.

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