The third edition of the Chief Finance Officer (CFO) Awards has today been launched with a theme,”Ethics and Trust: the Competitive Advantage for Business Sustainability.”
This comes after successful two editions.
The 2017 edition crowned six winners while in 2018, two more were awarded.
The major aim of ACCA Uganda’s CFO awards is recognizing the role CFOs and finance functions put in organizations to ensure good business and finance practices.
The nominations start today August 19 and will close on September 13, 2019.
Everyone is allowed to nominate their CFO/Finance Director who meets the required standards.
CFO 2019 AWARDS CATEGORIES
The CFO 2019 awards categories include;
CFO of the Year
The CFO of the Year must have shown financial leadership with excellent performance for some years. S/he must be the engine behind the growth and profitability of the organization, striving for excellence in all aspects of the finance profession.
The CFO/ Head of Finance is expected to lead by example, demonstrating leadership through their future-focus and proficiency in the seven vital qualities of professional accountants.
Public Sector Award
This should be a CFO or Head of Finance in a government ministry, agency or department demonstrating outstanding financial management and vital qualities of professional accountants.
This award will go to an outstanding CFO or Head of Finance, currently making a vital contribution to the financial leadership of a not-for-profit organisation. S/he must have demonstrated the seven vital qualities of professional accountants.
This award will recognize a CFO or Head of Finance in a small and medium enterprise who has demonstrated outstanding financial management and has contributed to the growth of the enterprise.
Small and medium enterprises include all types of formal enterprises irrespective of their legal form (such as family enterprises, sole proprietorships or cooperatives), employing between 5-100 employees and with total assets not exceeding Shs 360m.
Young CFO Award
This award will recognize a rising star in the accounting profession, aged no more than 35 years who has demonstrated the seven vital qualities of professional accountants.
Finance Transformation Award
This award recognizes a CFO or Head of Finance who has championed transformative solutions in their finance function and has been successful in redefining the role of finance within the organisation.
Strategy Execution Award
This award recognizes a CFO or Head of Finance who has shown agility and resilience in dealing with serious and intense changes in the business environment, enabling the business to successfully adapt to new demands and challenges.
This CFO or Head of Finance should have shown great leadership in creating the right (financial) conditions to execute the organisation’s strategy.