This book enables you to chart your company's course. Reinventing the CFO is the groundbreaking guide by financial veterans Henry Johanson, Thomas Walther, John Dunleavy and Elizabeth Hjelm that offers a proven blueprint for professionals making the enormous shift from number cruncher to strategist and business partner. Based on Coopers & Lybrand's pioneering Office of the CFO frameworks, it leads you through the live critical steps that will define how you can face today's challenges: partnering and integration; redefining the role of finance and retraining staff to understand business operations and market drivers; strategy; applying traditional analytical skills and business judgment to the question; where should our company apply its capital resources? management control; producing a new set of strategic measures that business managers can use to anticipate problems and monitor progress; cost management; creating an aggressive, long-term least-cost program that replaces cost accounting and continuously drives costs down from within; and processes and systems-classifying each financial process as core, support, or no added value, and determining the real drivers that affect the company's profitability.