The women of EFH and Luminant recently attended a luncheon about the importance of developing strong business acumen. Hosted by the company’s Women’s Information Network, the event highlighted the importance of understanding the financial backbone of any organization and how each and every employee plays a part in the business as a whole.
“Having a strong sense of business acumen will not only help guide your day-to-day activities, but it can also help propel your career by giving you a deeper understanding about what matters to your company,” said Claudia Morrow, vice president of commercial sales for Luminant.
Terry Eaton, controller for Luminant, gave the group a brief rundown on the basics behind organization’s financial statements, including an income statement, balance sheet and consolidated statement of cash flow. By understanding these core reporting statements and the story each statement tells, each employee is better positioned to make smarter business decisions.
Christy Dobry, director of accounting for EFH, went over the company’s publicly available financial documents in order to educate the audience on EFH’s current position. One takeaway from Christy’s presentation was to always ask yourself, “Are you being as efficient as possible in your daily activities, or is there a better way that the job could be done?”
Finally, A.J. Akaydin, director of finance for EFH, explained how EFH, Luminant and TXU Energy factor in the larger energy market across Texas and the U.S. By understanding the role that we play in the greater market, we are able to identify our strengths, weaknesses and opportunities for growth.
After the luncheon, Beth Cobb, tax counsel at EFH said “Today’s luncheon helps to develop our leadership skills by allowing us to better understand the enterprise’s financials so that we can make more informed decisions. Increased understanding of the upstream and downstream effects of the products of our work helps us to be better leaders by equipping us to be more mindful of how our decisions can impact the balance sheet.”