We carried out comprehensive research with finance professionals and employers around the world to develop the CGMA Competency Framework. Our research revealed that while producing good accounting information is essential, today's and tomorrow's finance professionals need to be able to apply financial disciplines in managing a business. Having the technical skills relevant to each area is not enough. These skills have to be integrated and applied in the context of an organisation’s business, with finance professionals working alongside or leading others from different departments.
In addition to accounting and analytical skills, finance professionals must also have an understanding of the organisation, its business model, its strategic context and its competitive position. They also need the people and leadership skills necessary to ensure that they apply their expertise effectively, whether it be in the form of supplying management with accounts, information, analysis or insights.
The CGMA Competency Framework is very much the engine of change that has helped us to understand the knowledge and skills the business world needs from business and finance professionals.