Multi-Task Role of The CFO/Controller

1. Introduction
2. Objectives 00:02:41
3. Multi-Tasking - Multi-Functional Approach 00:04:42
4. Multi-Tasking - Multi-Functional Approach - Sound 00:07:19
5. Multi-Tasking - Multi-Functional Approach - Roadblocks 00:09:51
6. Multi-Tasking - What If Scenarios 00:14:18
7. Multi-Tasking Applied 00:17:37
8. Multi-Tasking Through Gaining “Personal” Economies of Scale 00:18:59
9. Multi-Tasking Through Gaining “Personal” Economies of Scale Cont’d 00:19:31
10. Exhibit #1: Time Wasters (Stealers) 00:20:33
11. Exhibit #1: Time Wasters (Stealers) (Cont’d) 00:21:49
12. Multi-Tasking Through Gaining “Personal” Economies of Scale Cont’d 00:26:19
13. Multi-Tasking Through Gaining “Personal” Economies of Scale Cont’d 00:30:07
14. Multi-Tasking Through Gaining “Personal” Economies of Scale Cont’d 00:32:14
15. Multi-Tasking Through Gaining “Personal” Economies of Scale Cont’d 00:34:56
16. Exhibit #2: Project Management Techniques 00:35:40
17. Multi-Tasking - What If Scenarios 00:37:38
18. Multi-Tasking Applied 00:40:17
19. Multi-Tasking and Management Skills and Techniques 00:41:43
20. Multi-Tasking and Management Skills and Techniques (Cont’d) 00:44:20
21. Multi-Tasking - What If Scenarios 00:46:24
22. Multi-Tasking Applied 00:50:05
23. Multi-Tasking and Banking and Finance 00:52:01
24. Multi-Tasking and Banking and Finance (Cont’d) 00:55:59
25. Multi-Tasking and Banking and Finance (Cont’d) 00:58:27
26. Multi-Tasking and Business Law - Components of a “Contract” 00:59:57
27. Multi-Tasking and Business Law - Contract Negotiations 01:03:03
28. Multi-Tasking and Risk Management 01:03:37
29. Multi-Tasking - What If Scenarios 01:05:42
30. Multi-Tasking Applied 01:10:12
31. Multi-Tasking and Human Resource Issues - Personality Types 01:12:46
32. Multi-Tasking and Human Resource Issues - Human Behavior 01:16:12
33. Multi-Tasking and Human Resource Issues - Organizational Dynamics 01:20:15
34. Multi-Tasking and Human Resource Issues - Group Dynamics 01:210:06
35. Multi-Tasking - What If Scenarios 01:24:44
36. Multi-Tasking Applied 01:28:09
37. Multi-Tasking and the Role of the CFO/Controller as an “Internal” Team Trainer 01:30:26
38. Multi-Tasking and the Role of the CFO/Controller as an “Internal” Team Trainer (Cont’d)  01:32:40
39. Rules for Effective Multi-Tasking 01:34:12
40. Presentation Closing 01:40:58

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  David L. Osburn, MBA

  David is the founder and managing member of David L. Osburn & Associates LLC, a Las Vegas-based business training and contract CFO firm that provides seminar/keynote speeches for various groups including CPAs, bankers, attorneys, credit union employees, credit managers, trade groups, and busines [...]

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• Asset-Based Lending (ABL) 00:53:58
• Bank Secrecy Act (BSA) 00:54:15
• Bridge Loan 00:54:39
• Cash flow (CF) 00:56:41, 01:11:58
• Chief Financial Officer (CFO) 00:00:07, 00:01:40, 00:19:27, 00:45:31, 01:00:14, 01:03:57
• Community Reinvestment Act (CRA) 00:54:26
• Contract 01:00:38, 01:12:34
• Controller 00:00:08, 00:01:42, 00:19:28, 00:45:31
• Demand Deposit Account (DDA) 00:54:08
• Family Medical Leave Act 01:03:09
• Lender Liability 01:03:12
• Multi-Tasking 00:02:50, 00:04:47, 00:35:07, 00:41:46, 00:46:21, 01:12:41
• Project Management  00:35:47
• Risk Management 01:03:43
• Theory X 00:44:29
• Theory Y 00:44:30
• Theory Z 00:44:31
• Zero Balance Account (ZBA) 00:59:11

Asset-Based Lending (ABL): Asset-based lending is the business of loaning money in an agreement that is secured by collateral. An asset-based loan or line of credit may be secured by inventory, accounts receivable, equipment, or other property owned by the borrower.

Bank Secrecy Act (BSA): The Bank Secrecy Act (BSA) is U.S. legislation aimed toward preventing criminals from using financial institutions to hide or launder money. The law requires financial institutions to provide documentation to regulators whenever their clients deal with suspicious cash transactions involving sums over $10,000.

Bridge Loan: A “bridge loan” is essentially a short term loan taken out by a borrower against their current property to finance the purchase of a new property. Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months.

Cash Flow (CF): The revenue or expense expected to be generated through business activities (sales, manufacturing, etc.) over a period of time.

Chief Financial Officer (CFO): The chief financial officer is the officer of a company that has primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for the analysis of data.

Community Reinvestment Act (CRA): The Community Reinvestment Act (CRA) is a law intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income (LMI) neighborhoods, consistent with safe and sound banking operations.

Contract: A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.

Controller: A controller is an individual who has responsibility for all accounting-related activities, including high-level accounting, managerial accounting, and finance activities, within a company. A financial controller typically reports to a firm's chief financial officer (CFO), although these two positions may be combined in smaller businesses. The duties of a controller include assisting with the preparation of the operating budgets, overseeing financial reporting, and performing essential duties relating to payroll.

Demand Deposit Account (DDA): A demand deposit account (DDA) consists of funds held in a bank account from which deposited funds can be withdrawn at any time, such as checking accounts. DDA accounts can pay interest on a deposit into the accounts but aren’t required. A DDA allows funds to be accessed anytime, while a term deposit account restricts access for a predetermined time.

FMLA - Family and Medical Leave Act: The Family and Medical Leave Act of 1993 is a United States labor law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons.

Lender Liability: Lender liability refers to a body of case law where a lender is found liable for losses sustained by a borrower or a third party that directly or indirectly flows from the lender's actions in connection with a loan.

Multi-Tasking: The performance of multiple tasks at one time

Project Management: is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters.

Risk Management: is the process of identifying, understanding, and grading risks so they can be better managed and mitigated.

Theory X: Theory X assumes that employees are lazy, unmotivated, and will do anything to avoid working.

Theory Y : Theory Y assumes that employees are happy to work and will take on additional duties without being forced to.

Theory Z: Theory Z is a name for various theories of human motivation built on Douglas McGregor's Theory X and Theory Y. When Theory Z is applied, managers and other employees share responsibilities, management is participative, and employment is long term.

Zero Balance Account (ZBA): A zero balance account (ZBA) is pretty much exactly what it sounds like: a checking account in which a balance of zero is maintained. When funds are needed in the ZBA, the exact amount of money required is automatically transferred from a central or master account.