Aga audio conference
Download
1 / 17

AGA Audio Conference - PowerPoint PPT Presentation


  • 252 Views
  • Updated On :

Sponsored by AGA & the Association of State Auditors, Comptrollers & Treasurers AGA Audio Conference “What Keeps CFOs Up At Night?” Samuel T. Mok , CGFM, CIA Chief Financial Officer U. S. Department of Labor June 9, 2004 What Keeps CFOs Up At Night? Is it ... The constant hum of Cicadas,

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'AGA Audio Conference ' - Gideon


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Aga audio conference l.jpg

Sponsored by AGA & the Association of State Auditors, Comptrollers & Treasurers

AGA Audio Conference

“What Keeps CFOs Up At Night?”

Samuel T. Mok, CGFM, CIA

Chief Financial Officer

U. S. Department of Labor

June 9, 2004


Slide2 l.jpg

What Keeps CFOs Up At Night? Comptrollers & Treasurers

  • Is it ...

  • The constant hum of Cicadas,

  • A significant other’s relentless snoring, or

  • The responsibility of ensuring proper stewardship of government funds?


Slide3 l.jpg

  • You guessed it …the business issues associated with ensuring proper stewardship of government funds.

  • As a key member of an organization’s central leadership, making government more effective and efficient through improved financial management can be a daunting task for any CFO, and sometimes results in sleepless nights.


Slide4 l.jpg

CFO’s Responsibilities ensuring proper stewardship of government funds.

  • Integrated accounting and financial management systems.

  • Policy guidance and oversight of the organization’s financial management personnel, activities, and operations.

  • Financial management systems design and enhancement projects.

  • Budgets for financial management operations and improvements.

  • Agency asset management systems.

  • Financial execution of the agency budget in relation to actual expenditures.


Slide6 l.jpg

Financial Management and IT – Who’s on First? ensuring proper stewardship of government funds.

  • CxO Trend

  • Challenge of integrating budget and performance information.

  • Movement from a transaction-based organization to a “21st century” analytically-based organization.


Slide8 l.jpg

Political Relationships – A Balancing Act ensuring proper stewardship of government funds.

  • Focus on performance, results, and accountability by political leadership.

  • High standards set by the Government Performance and Results Act and the Federal Manager’s Financial Integrity Act.


Slide9 l.jpg

Staying Out of the Headlines ensuring proper stewardship of government funds.

  • Continual and proactive monitoring and improvement.

  • Systems that allow for “real-time” analysis and auditability.

  • Reduction of the number and significance of audit findings.


Slide10 l.jpg

Human Resources – Building a Successful Organization of Achievers

  • Broadening employees’ skills and knowledge of all facets of financial management.

  • Educating employees in ethics and principles.

  • Empowering employees within the organization.


Slide15 l.jpg

Effecting a Lasting Legacy Achievers

  • Creating an environment that can keep pace with the financial needs of the government in the future.

  • Implementing innovative systems and processes that:

    • Allow for future innovation.

    • Accommodate unforeseen opportunities in the future.



ad