CIO’s–and CFO’s–Need to “Get Real”
November 5, 2009 by Mary Adams · 2 Comments
There is an interesting report at CFO.com called CFOs to CIOs: Get Real.
My response is that CFO’s need to “get real” too.
One of the biggest barriers between CFO’s and CIO’s is how they view the cost of projects. CFO’s are trapped inside an accounting model that expenses a lot of investments. Recent macro data suggested that US businesses spent $1.7 trillion on intangibles versus $1.2 on tangibles. For the most part, intangibles get expensed, tangibles get capitalized. Many of these intangibles are related to IT-enabled systems and/or processes. Read more
