How Business can Adopt a Long Term Value Creation Agenda?

In the wake of unprecedented economic disruption due to the pandemic, many companies are rethinking their fundamentals and assessing how their corporate purpose, strategy, and business model will drive long-term success.

To support businesses in this uncertain environment, the International Federation of Accountants (IFAC), International Integrated Reporting Council (IIRC), and the Association of International Certified Professional Accountants (the unified voice of the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA)) recently released new guidance for Chief Financial Officers (CFOs) and finance teams to navigate their organizations toward long-term value creation.

The report contains actionable insights for CFOs, finance teams, and other business leaders to sharpen their perspective on value creation beyond the financials. The approach outlined in this report helps CFOs and finance teams to think about how to ensure that all relevant information around the performance, opportunities, risks, and trade-offs are available to internal decision-makers, investors, and other capital providers. It also enables the corporate mindset to evolve from shareholder value creation to a longer-term stakeholder value creation perspective.