Balance sheet management is biggest concerns for CFOS, study reveals

11 November 2010

Management of balance sheets and cash flow are the two biggest issues for chief financial officers (CFO), study reveals.

A report by Robert Half UK showed that both issues were a concern for 44 per cent of respondents.

The number concerned by balance sheet management was up ten points when compared with the survey results from 2009.

Further findings revealed that managing a firm's growth was now a concern for 34 per cent of respondents, a figure which represented a “significant increase” from the nine per cent who said the same in last year’s survey.

Phil Sheridan, managing director of Robert Half UK, said: “Finance leaders are placing more emphasis on maintaining strong accounting practices and cash flow to capitalise on emerging opportunities, particularly in the small-to-medium enterprises and private sectors.

“Companies are also showing signs of increased confidence, with the number of CFOs concerned about managing growth nearly quadrupling from nine per cent in 2009 to 34 per cent in this year's survey, indicating the higher number of business opportunities that are now available."

Raising capital, re-financiing and business process improvements were highlighted as key issues for CFOS during the next 12 months.

By Jim Ottewill

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