A key aspect of the CFO’s and Treasurer’s job is to effectively manage the financial assets and liabilities of the company. Often, however, the balance sheet receives little attention as the company focuses on earnings and income opportunities. The result can be unnecessary financial risks and the inefficient allocation of capital. The identification and management of balance sheet issues requires a highly disciplined planning and measurement process as well as coordination across various financial staffs. A good asset liability management framework will help the CFO and Treasurer make changes to restructure the balance sheet for the most benefit to the company.