tailieunhanh - Business Process Outsourcing Accenture Finance and Accounting BPO Services Creating a high-performance finance organization

The most straightforward approach to valuing mineral resources relies on market transaction prices. This is the standard approach used across the national economic accounts for capital assets. When resources of petroleum, copper, gold, and other minerals are sold, the value of the transac- tion provides a basis for calculating the market value of the mineral component of the asset. A close look at the transaction-prices approach reveals, however, a number of diYculties that need to be resolved. The major diYculty is that a market transaction usually encompasses a num- ber of assets and liabilities, such as the associated capital (., surface roads, shafts, and refining operations), taxes, royalty obligations, and en- vironmental liabilities. Because the. | High performance. Delivered. Business Process Outsourcing Accenture Finance and Accounting BPO Services Creating a high-performance finance organization r À r Consulting Technology Outsourcing An efficient and effective finance organization Most chief financial officers we work and speak with share a common goal one that is both simple and profound to create a world-class finance organization. CFOs seek to build and manage a finance function that is efficient and effective that has the process rigor and control to keep costs in line while the business savvy to help their companies achieve high performance in a challenging multi-polar world. It s an admirable yet difficult task. According to Accenture s recent High Performance Finance Study a study involving more than 350 finance executives in more than 30 countries few executives believe their finance organization has achieved that world-class status. Many CFOs believe they lack the processes data tools organizational structures governance and skilled workforces they need to capitalize on the new markets resources and opportunities for value creation offered by the global economy. Our research points to a number of specific challenges Globalization. Increasing globalization is presenting CFOs with both opportunities and threats. It provides access to new markets and pools of labor talent while challenging them with rapid change and heightened complexity new competition and ever-increasing pressure to control costs. Both organic and inorganic growth require new approaches to cost containment and finance processes. Enterprise performance management. An integrated approach to enterprise performance management which can drive bottomline results is lacking in a majority of companies in our study. Workforce capabilities. Attracting and retaining talent is one of the biggest expected challenges of the next two years. However companies are lagging in practices they consider critical to building and sustaining an effective