{"id":250761,"date":"2023-05-29T07:42:15","date_gmt":"2023-05-29T07:42:15","guid":{"rendered":"https:\/\/imarticus.org\/?p=250761"},"modified":"2024-05-23T10:37:47","modified_gmt":"2024-05-23T10:37:47","slug":"how-to-become-a-cfo","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/how-to-become-a-cfo\/","title":{"rendered":"How To Become a CFO"},"content":{"rendered":"

Finance forms a major part of any organisation. According to statistics, the finance sector will generate a revenue of <\/span>2.38 billion USD by 2027<\/span><\/a>. This staggering amount reflects the financial sector\u2019s potential to grow in the coming years. Growth in business points towards a growing need for brilliant minds in this industrial segment.\u00a0<\/span><\/p>\n

The Chief Financial Officer of an organisation oversees its finances. It includes overseeing significant financial aspects and minute details that can make or break a company. <\/span>The CFO\u2019s role<\/span> in any organisation is indispensable. Hence, it is important to understand how to strengthen your position as an aspiring CFO to give an edge to your company.\u00a0<\/span><\/p>\n

Who is a CFO?<\/strong><\/h2>\n

A Chief Finance Officer<\/strong> or CFO is the primary caretaker of a company\u2019s finances. They look after the accounts, analyse financial takeaways and strategise financial endeavours. They are top-tier executives who oversee multiple minute aspects of finance.\u00a0<\/span><\/p>\n

Becoming a CFO<\/a><\/strong> heavily inclines toward skill and experience. The job role requires more than a degree with a background in finances. Since they handle an organisation\u2019s financial future, they must have foresight, be capable of working well under pressure and lead teams successfully.\u00a0<\/span><\/p>\n

The role of a CFO<\/strong><\/h2>\n

A CFO works towards improving turnover and creating financial policies for maximum benefits. This requires years of experience, an exceptionally sharp mind, and a good academic CV.\u00a0<\/span><\/p>\n

The<\/span> responsibilities of the CFO<\/span> stretch beyond basic finances. <\/span>The CFO\u2019s role<\/span> is not merely limited to accounts, book-keeping or taxes. It includes planning a company\u2019s financial approach. Take a look at the tasks a CFO covers during their term.\u00a0<\/span><\/p>\n