Creation and preservation of value by the finance function - part 2
Taught by Hugo Newman · AI tutor support included
Finance professionals play a critical role in creating and preserving organisational value by balancing profit maximisation with strategic goal achievement. Understanding the principles of economy, efficiency, and effectiveness—alongside stewardship, value analysis, and data integrity—enables finance functions to influence decision-making and safeguard organisational assets in an increasingly digital environment.
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In this lesson
- 0:00 Introduction to Value Concepts
- 1:18 Economy, Efficiency, Effectiveness
- 2:44 Accountants in the Digital World
- 4:08 Preserving vs. Creating Value
- 5:12 Finance Function Key Concepts
- 7:19 Finance Function Roles Recap
About this lesson
Discover the vital role of the finance function in creating and preserving value for both profit and non-profit organisations. This video delves into how profit maximisation and goal achievement drive value, the significance of economy, efficiency, and effectiveness in organisational processes, and the pivotal roles of stewardship, value analysis, data integrity, and value enabling in the digital era. Gain insights into how finance professionals can influence strategic decision-making and ensure data integrity, crucial for maintaining and enhancing organisational value. Watch to empower your understanding of finance's dynamic role in value creation and preservation.
Duration: 9m
- Value creation and preservation
- Economy, efficiency, and effectiveness (3Es)
- Stewardship and accountability
- Value analysis and value enabling
- Data integrity in digital finance
- Finance function influence on strategy
Transcript
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