IDEAS home Printed from https://ideas.repec.org/h/tkp/mklp14/673-680.html
   My bibliography  Save this book chapter

Duties of Financial Director from Board’s Perspective

Author

Listed:
  • Anna Wawryszuk-Misztal

    (Maria Curie Sklodowska University, Poland)

  • Elzbieta Wronska-Bukalska

    (Maria Curie Sklodowska University, Poland)

Abstract

The article aims to present the changing role of the financial director. It also aims at presenting the expected profile of the financial director (CFO) designed by the boards of the corporations. These expectations seem to stem from the changes in the perception of the role of finance and financial policy. Having carried out research for the selected job advertisements, the authors found that nowadays the boards are looking for the financial manager having a wide scope of duties, from designing corporate strategy through ensuring that every business decision is grounded in solid financial criteria to fund and report outcomes and progress on strategic goals. The conclusions drawn from the observations and collected data may constitute a viable basis for more comprehensive research. A possible direction of such research includes looking for an answer to the question whether the financial director is partnership or is it just the steward and has to perform assigned duties according to the course of action agreed by the owners and the CEO. The uniqueness of the approach of this article lies in analysing the role of the financial manager in a broader sense, where he is viewed not to be a person hired merely to raise funds.

Suggested Citation

  • Anna Wawryszuk-Misztal & Elzbieta Wronska-Bukalska, 2014. "Duties of Financial Director from Board’s Perspective," Human Capital without Borders: Knowledge and Learning for Quality of Life; Proceedings of the Management, Knowledge and Learning International Conference 2014,, ToKnowPress.
    • Handle: RePEc:tkp:mklp14:673-680
    as

    Download full text from publisher

    File URL: http://www.toknowpress.net/ISBN/978-961-6914-09-3/papers/ML14-614.pdf
    File Function: full text
    Download Restriction: no
    File URL: http://www.toknowpress.net/ISBN/978-961-6914-09-3/MakeLearn2014.pdf
    File Function: Conference Programme
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Whitley, Richard, 1986. "The transformation of business finance into financial economics: The roles of academic expansion and changes in U.S. capital markets," Accounting, Organizations and Society, Elsevier, vol. 11(2), pages 171-192, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Théret, Bruno, 2011. "Du keynésianisme au libertarianisme.La place de la monnaie dans les transformations du savoir économique autorisé," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 10.
    2. Lambert Jerman, 2013. "La Juste Valeur : Une Comptabilite Actuarielle Pour Les Marches ... Ou Les Comptables ?," Post-Print hal-00991877, HAL.
    3. Ravenscroft, Sue & Williams, Paul F., 2009. "Making imaginary worlds real: The case of expensing employee stock options," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 770-786, August.
    4. Vaihekoski, Mika, 2008. "History of finance research and education in Finland : the first thirty years," Research Discussion Papers 18/2008, Bank of Finland.
    5. Williams, Paul F. & Jenkins, J. Gregory & Ingraham, Laura, 2006. "The winnowing away of behavioral accounting research in the US: The process for anointing academic elites," Accounting, Organizations and Society, Elsevier, vol. 31(8), pages 783-818, November.
    6. Mike Dempsey, 2014. "The Modigliani and Miller Propositions: The History of a Failed Foundation for Corporate Finance?," Abacus, Accounting Foundation, University of Sydney, vol. 50(3), pages 279-295, September.
    7. Fligstein, Neil & Shin, Taek-Jin, 2005. "Shareholder Value and Changes in American Industries, 1984-2000," Institute for Research on Labor and Employment, Working Paper Series qt82j7915n, Institute of Industrial Relations, UC Berkeley.
    8. Barker, Richard & Schulte, Sebastian, 2017. "Representing the market perspective: Fair value measurement for non-financial assets," Accounting, Organizations and Society, Elsevier, vol. 56(C), pages 55-67.
    9. Mika Vaihekoski, 2011. "History of financial research and education in Finland," The European Journal of Finance, Taylor & Francis Journals, vol. 17(5-6), pages 339-354.
    10. Andrikopoulos, Andreas & Trichas, Georgios, 2018. "Publication patterns and coauthorship in the Journal of Corporate Finance," Journal of Corporate Finance, Elsevier, vol. 51(C), pages 98-108.
    11. Horacio Ortiz, 2022. "Political Imaginaries of the Weighted Average Cost of Capital: A Conceptual Analysis," Post-Print halshs-03513082, HAL.
    12. Gendron, Yves & Smith-Lacroix, Jean-Hubert, 2015. "The global financial crisis: Essay on the possibility of substantive change in the discipline of finance," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 30(C), pages 83-101.
    13. Maeße, Jens, 2013. "Spectral performativity: How economic expert discourse constructs economic worlds," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 14(2), pages 25-31.
    14. Gisele Chevalier & Richard Hudson, 2001. "The use of intentional language in scientific articles in finance," Journal of Economic Methodology, Taylor & Francis Journals, vol. 8(2), pages 203-228.
    15. Napier, Christopher J., 2006. "Accounts of change: 30 years of historical accounting research," Accounting, Organizations and Society, Elsevier, vol. 31(4-5), pages 445-507.
    16. Murphy, Tim & O’Connell, Vincent & Ó hÓgartaigh, Ciarán, 2013. "Discourses surrounding the evolution of the IASB/FASB Conceptual Framework: What they reveal about the “living law” of accounting," Accounting, Organizations and Society, Elsevier, vol. 38(1), pages 72-91.
    17. Martínez Franco, Carmen & Feeney, Orla & Quinn, Martin & Hiebl, Martin R.W., 2017. "Position practices of the present-day CFO: A reflection on historic roles at Guinness, 1920–1945," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 20(1), pages 55-62.
    18. repec:dau:papers:123456789/7629 is not listed on IDEAS
    19. Brinn, Tony & Jones, Michael John, 2008. "The determinants of a successful accounting manuscript: Views of the informed," Accounting forum, Elsevier, vol. 32(2), pages 89-113.
    20. Nitzan, Jonathan & Bichler, Shimshon, 2018. "El capital como poder. Un estudio del orden y el creorden," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 177844, September.
    21. Martin E. Persson & Christopher J. Napier, 2018. "R. J. Chambers on Securities and Obscurities: Making a Case for the Reform of the Law of Company Accounts in the 1970s," Abacus, Accounting Foundation, University of Sydney, vol. 54(1), pages 36-65, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tkp:mklp14:673-680. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Maks Jezovnik (email available below). General contact details of provider: http://www.toknowpress.net/proceedings/978-961-6914-09-3/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.