Is your experience of the FDs of large corporate groups?
Or SMEs? Because I would say they are very different.
Anyone that has made it to be the FD of a FTSE business is a very successful individual, and doesn't happen without very strong commercial and leadership skills.
Some will be risk averse, others will not be.
You're also confusing two different things. The role of the FD is to manage the finances, that's not to say that an accountant that is the CEO will undertake that role solely considering the finances.
I'm also not sure accountants are trained to balance the books. I certainly wasn't. I was trained to understand financial information and the implications of decisions, I wasn't trained to be risk averse.
Posted By: SimonOTBC on May 12th 2016 at 09:00:08
Message Thread
- This summer is probably my only worry about the McNally departure (NCFC) - Jim, May 12, 07:49:40
- That's complete (n/m) (NCFC) - SimonOTBC, May 12, 08:24:53
- Oops bullshit that accountants are risk averse (NCFC) - SimonOTBC, May 12, 08:25:50
- Absolutely! Many accountants are very much the opposite!! (NCFC) - JD3, May 12, 08:40:06
- Most of them are boring bastards (NCFC) - SCC 28, May 12, 08:41:47
- I thought you used to be one? (n/m) (NCFC) - Adster, May 12, 08:48:17
- Very very briefly (NCFC) - SCC 28, May 12, 08:50:50
- Settled in well i assume then?😉 (n/m) (NCFC) - protheroe fitzgibbon, May 12, 08:52:51
- Very very briefly (NCFC) - SCC 28, May 12, 08:50:50
- Do not be fooled by their job descriptions, they are absolutely mad, all of 'em. (NCFC) - JD3, May 12, 08:45:46
- Haha lovely brentism (n/m) (NCFC) - SCC 28, May 12, 08:48:27
- I thought you used to be one? (n/m) (NCFC) - Adster, May 12, 08:48:17
- Most of them are boring bastards (NCFC) - SCC 28, May 12, 08:41:47
- I'm sure there are some who are not but most Financial Directors (NCFC) - Jim, May 12, 08:28:28
- Is your experience of the FDs of large corporate groups? (NCFC) - SimonOTBC, May 12, 09:00:08
- Yes it is, large and medium sized. Maybe balancing the books the wrong term (NCFC) - Jim, May 12, 09:21:16
- Yes I agree with that (NCFC) - SimonOTBC, May 12, 09:40:58
- Yes it is, large and medium sized. Maybe balancing the books the wrong term (NCFC) - Jim, May 12, 09:21:16
- And that's a good thing (n/m) (NCFC) - Jim, May 12, 08:28:42
- Is your experience of the FDs of large corporate groups? (NCFC) - SimonOTBC, May 12, 09:00:08
- Absolutely! Many accountants are very much the opposite!! (NCFC) - JD3, May 12, 08:40:06
- Oops bullshit that accountants are risk averse (NCFC) - SimonOTBC, May 12, 08:25:50
- The other day you said that you'd heard that McN was the reason that some agents refused (NCFC) - Adster, May 12, 08:15:56
- Yes. That may not be a bad thing this summer but I assume it (NCFC) - Jim, May 12, 08:19:09
- If what you've heard IS true then his departure can only help recruitment AND retention (n/m) (NCFC) - Adster, May 12, 08:28:47
- Maybe. I think last time though we just told half the players they (NCFC) - Jim, May 12, 08:29:49
- If what you've heard IS true then his departure can only help recruitment AND retention (n/m) (NCFC) - Adster, May 12, 08:28:47
- Yes. That may not be a bad thing this summer but I assume it (NCFC) - Jim, May 12, 08:19:09
- That?s what I was thinking last night as well after the game. (NCFC) - KentonCanary, May 12, 08:14:29
- Agreed. Imperative we get a CEO asap. I get the impression our recruitment has amounted to (NCFC) - Higher Wrather, May 12, 08:01:23
- Time may well tell you what a great job McNally did... (NCFC) - loz, May 12, 07:54:08
- Did a great job for us in the lower leagues (NCFC) - SCC 28, May 12, 07:59:19
- Perhaps fair but... (NCFC) - loz, May 12, 08:03:52
- Would certainly have taken that when he arrived (NCFC) - SCC 28, May 12, 08:10:31
- Perhaps fair but... (NCFC) - loz, May 12, 08:03:52
- I appreciate his early efforts. Lost the plot about three years ago. Perhaps (NCFC) - Jim, May 12, 07:57:54
- lost the plot by turning us into a yoyo club??? (n/m) (NCFC) - protheroe fitzgibbon, May 12, 08:19:05
- Turned us into a club players didn't want to join (NCFC) - SCC 28, May 12, 08:21:38
- Yep, a yoyo club. (n/m) (NCFC) - protheroe fitzgibbon, May 12, 08:22:46
- When we should be settled in the Prem (NCFC) - SCC 28, May 12, 08:24:36
- Could, not should. (n/m) (NCFC) - protheroe fitzgibbon, May 12, 08:27:26
- When we should be settled in the Prem (NCFC) - SCC 28, May 12, 08:24:36
- Yep, a yoyo club. (n/m) (NCFC) - protheroe fitzgibbon, May 12, 08:22:46
- Turned us into a club players didn't want to join (NCFC) - SCC 28, May 12, 08:21:38
- Don't think he's a genius... (NCFC) - loz, May 12, 08:02:45
- I don't regard a season in the prem as some kind of legendary achievement (n/m) (NCFC) - Jim, May 12, 08:09:27
- You might do if we spend the next 10 in champ... (NCFC) - loz, May 12, 08:15:31
- I think the "brink of admin" stuff is a bit dramatic and to be honest (NCFC) - Jim, May 12, 08:22:19
- Think your being a bit of a cunt about him ... (NCFC) - loz, May 12, 08:31:00
- Yes, i can accept the validity of the McNally outers pov, but they need to accept (NCFC) - protheroe fitzgibbon, May 12, 08:39:48
- I do entirely and I have never been a McNally "outer" I (NCFC) - Jim, May 12, 08:45:43
- Even McNally was a McNally outer (NCFC) - SCC 28, May 12, 08:44:18
- No (NCFC) - protheroe fitzgibbon, May 12, 08:49:49
- Yes, i can accept the validity of the McNally outers pov, but they need to accept (NCFC) - protheroe fitzgibbon, May 12, 08:39:48
- Think your being a bit of a cunt about him ... (NCFC) - loz, May 12, 08:31:00
- I think the "brink of admin" stuff is a bit dramatic and to be honest (NCFC) - Jim, May 12, 08:22:19
- You might do if we spend the next 10 in champ... (NCFC) - loz, May 12, 08:15:31
- I don't regard a season in the prem as some kind of legendary achievement (n/m) (NCFC) - Jim, May 12, 08:09:27
- lost the plot by turning us into a yoyo club??? (n/m) (NCFC) - protheroe fitzgibbon, May 12, 08:19:05
- Did a great job for us in the lower leagues (NCFC) - SCC 28, May 12, 07:59:19
- Will be a big pot of money earmarked for player bonuses... (NCFC) - loz, May 12, 07:52:57
- Regardless of that I'd expect a big profit. Circa ?10m net spend with all that (NCFC) - Jim, May 12, 08:17:28
- From memory I read somewhere that the bonus pool a few years ago (NCFC) - KentonCanary, May 12, 08:11:13
- Think it was about 7 million last time (n/m) (NCFC) - loz, May 12, 08:26:56
- Not a huge overall amount then (NCFC) - SCC 28, May 12, 08:15:31
- That's complete (n/m) (NCFC) - SimonOTBC, May 12, 08:24:53
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