FIN200 Assignment, T22014
1. List and briefly describe the three general areas of responsibility for a chief financial officer (CFO) of a selected non-financial company which is listed on Australian Stock Exchange (ASX).
Most reliable in making products from home builders, renovations and commercial construction, WKT Limited is basically a leading company in this particular field situated in countries of Australia and New Zealand. This is actually a listed company in Australian Foreign Exchange with ASX code of WKT(WALKABOUT RESOURCES LTD). Its vision relates to maintaining its statuette though innovation of greater performing and price effective solutions for building design and construction (WKT Limited, 2014).
Australia’s manufacturing sector wherein WKT is included faces the contests of sustained high Australian Dollar, business instability and very high cost. So just what has set WKT Limited a powerful as well as a core competitor in the sphere of manufacturing, residential and commercial building solutions and building products? Anyone can clearly give possibly one of the credits to its people in support of company’s success especially towards the person much like the Chief Finance Officer associated with this company.
At the moment, individual in this particular position since 2010 is Mr Geoff Wallace. Mr Geoff Wallace, the Chief Finance Officer of WKT Limited Australia and New Zealand has key skills in forecasting, business leadership, business strategy, mergers, valuation and change management, all of these associated with his key roles in sustaining financial stance considering the company generally. He quoted in 2012 Sector Insights that “having said everything manufacturers, including WKT, possess a responsibility t...
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...). In 2007,ASX Corporate Governance Council announced its company governance principles as well as recommendations wherein KPMG has assessed its Principle 7: system risk management, and CFO’s function in all of this. Essentially the revelation of the audit appeared to be that in fact platforms working under sound system of risk administration were working successfully in the context of financial aspects (KPMG, 2010). The risk assessment or risk management overall will offer adequacy along the extended financial plans. It is a portfolio of related expenditures that is delicate and desires definite management and financial projections which could inevitably ensures to traders and certainly stakeholders for economical victory (ACCA, 2012).
Reference
Ltd, W. (2014). Walkabout Resources. [online] Wkt.com.au. Available at: http://www.wkt.com.au/ [Accessed 22 Sep. 2014].
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Identify the potential risks which affect the company and manage these risks within its risk appetite;
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