What is the Role of the Finance Director?
Solid Foundations As a supplier of part time FD and interim FD services I am often faced with clients who are not entirely sure what an FD does, or why they should need one “I have a financial controller who is more than capable of knocking out a good, timely set of management accounts why do I need an FD, what do they add?” Without doubt the role of the modern FD has changed, no longer are they expected to simply just ‘count beans’ or be a ‘safe pair of hands’. So what exactly DOES an FD do? Firstly an FD can do nothing without management information. They must put in place the personnel, systems, controls and processes required to deliver the appropriate level of accounting information. The level of information needs to be appropriate for the size of the company, appropriate for the audience (management team, investors and staff). Appropriate to the budget of the company and where it is moving to in the future. It is too easy for an accountant to hide behind a multi-tabbed spreadshee
