In most of the company appointed chief financial officer (CFO) for the financial department to plan and maintain the records of the company.
CFO’s main duty is to manage the risk in the financial sectors and he is responsible to take the company to the next level.
This CFO position is next to the higher position of the company. Commonly large scale industries have the CFO and account team permanently and small scale organizations have only account teams and appoint part-time chief financial officers.
The well-resourced company hire an experienced and skilled person for the CFO position.
Eligibility to become a CFO
Before selecting the chief financial officer, you should know some important facts about the position. The person should be well expert in the accounting department for many years.
That is the main eligibility of the person becoming a chief financial officer in India. To be a successful CFO, should have extreme financial and accounting knowledge.
Most of the CFO are also certified public accountants. The basic things to understand the business financial status by having a lot of experience in the accounting field. CFO helps you to achieve the goal in a short period with great success.
The chief executive officer supports your company to maintain the budget properly and keep them updated in each aspect of the financials of your business.
CFO job vs accountant chief executive officer is the highest job role but to achieve that position basic qualification is to be an accountant.
If you have a minimum of 10 years of experience in a reputed company as an accountant in the financial department then only you can able to become a CFO of an organization.
CFO of the company guide you to set goal and business development for the growth of the company. It helps to achieve success in the financial goal and non-financial goals.
Analysis of the risk faced in the financial sectors and plan accordingly to solve the issues effectively. CFO Constantly develop their skill for your company growth and to enhance the revenue.
The accountant vs CFO, accountant is necessary for every organization to handle their financial department.
But the CFO is needed by the top firms to make important decision so they recruit a well-experienced accountant for the position.
The chief accounting officer is the head of the accounting team, who will report to the CFO of the company. This is how the accountant can able to become the CFO.