The results are in. A national study on the Upskilling and Reskilling of Corporate Finance and Accounting (F&A) departments is now available in a published report by the Controllers Council. The “Corporate Finance Upskilling/Reskilling Study” was conducted in spring 2022 via a national survey of CFOs, controllers and related titles.
The study identified macro-trends including the “Great Resignation,” a growing shortage of accountants and CPAs, and remote/hybrid work environments as drivers for a massive movement toward automating streamlining accounting and finance back-office operations, which then require upskilling or reskilling and training of both staff and executives.
A majority 80% of organizations surveyed identified upskilling programs and initiatives in their F&A departments.
Controllers Council Executive Director Neil Brown says the study is the first to identify a massive shift to new software, automation and processes along with the required training for effectiveness and sustainability. “The report will help corporate finance executives understand these dynamics, and benchmark peers.”
The study was previewed and discussed during a July 20, 2022 webcast panel featuring Judy Romano, VP/CFO of Sage North America, a study sponsor, and Russ Porter, CFO of the Institute of Management Accountants (IMA).
“This groundbreaking study provides critical insight into our current effort to hire and retain high performing accounting and finance teams,” Romano says. “It offers actionable advice for leaders seeking to win the latest battle in the talent war.”
To view or download the free “Corporate Finance Upskilling Study Report,” link HERE.
To view the Corporate Finance Upskilling – Webcast Panel Archive, link HERE.
Like what you’re reading?
Subscribe to our FREE newsletter and we’ll deliver content like this directly to your inbox.