Although being a chief financial officer or CFO of a prestigious company may be an honor or simply great, you have to understand is one that is not without responsibilities. Although you may be considered to have authority over people’s decisions when you’re this kind of financial officer, you have to understand that it takes more than just having control to be a CFO. Basically, people within a company rely on a CFO to make important company decisions related to finances, accounting, human resources and management in general. So, if you’re planning to hold the said position, you have to think your decision through so that you would know whether or not it’s one that’s truly fit for you. Don’t be discouraged if you haven’t accomplished much at present because you may be able to apply to work as CFO much easier when you’d read in advance about how it is to be or become one. If you want to work as one in the future, you could read Maureen O’Connell books or do some research about the said person who is the current chief financial officer of Scholastic Publishing so that you’d have ideas on what to do and how to do what needs to be done. Also, you could keep on reading for some information that may help you pursue this kind of career.
Basically, first of all, you really have to be a graduate of tertiary education to be accepted as a CFO of a company because of the fact that companies obviously make sure that they only hire the person who has had years of education and training. Also, because companies are nowadays are competing with one another, you may have to hold a master’s degree as well before you could work as a chief financial officer. After all, when you’re holding such a degree, it can be presumed that you’ve had more knowledge, training and exposure to things that are vital compared to a person who’s only manage to finish basic tertiary education. Because a chief financial officer is responsible for things related to the expenditure and balancing of funds, you may have to pursue accounting or management plus the master’s degree of either to be qualified to become a CFO later on. Plus, you’ve got to have years of experience working certain positions that involve the handling of financial resources too because you may not be employed as a CFO when you won’t be able to prove that you’ve done forecasting, accounting, budgeting, tax management and the likes. As much as possible, if you could, you should also obtain a license to practice as a certified public accountant or any certificates that could prove that you’re someone who is an expert because companies now are looking for applicants who have been tested and proven by the government to be competent enough to handle some serious work.
Basically, working as a chief financial officer would also require you to produce, on a regular basis, certain important documents for reporting and responding. Before you could be CFO, you may also have to prove that you’re someone who is not only able to write and communicate through a specific language like English but is highly proficient in communicating.