Eight Balls You Must Keep in the Air

Abstract

The variations of monetary concerns, recording specifics, and reporting objectives in individual businesses are astronomical. Yet, there are eight core functional sectors that are building blocks of the accounting and financial management framework in every organization. They are absolutely essential for stable operation and successful growth. So, like a juggler, you must keep these balls in the air and your eyes on them at all times. Depending on the industry and the company’s nature, the practical impact of each group of activities may differ. However, in one form or another, they are fundamental components of the responsibilities of CFOs and controllers.