It’s almost every company employee’s dream to be promoted to the executive office. It’s where the most important decisions about a business are made. Inside that office where there are executive chairs of expensive leather, fine mahogany tables and brilliant minds wearing tailored suits, is where world economics gets affected. When capital city large corporations make a decision, the entire world lifts up their heads at once and takes notice. It’s not surprising then, that to get into this inner circle of top businesses, you need to be extremely capable and qualified. The amount of analytical studying you need to be familiar with in the top jobs is insane. You have to read and even compile reports that give the most informed people in the business world, new information that they have never seen before. However, it’s also important to not see these people or companies as if they were godlike. Mistakes can be made and that’s why they are looking to hire the smartest people in certain disciplines, especially finances. Working in the belly of the beast is exciting but first you need to know what kind of aspects they’re looking for in a candidate.
Strategic voices
Chief financial officers (CFO) are the most senior financial and fiscal planning members of any business in the world. This role is incredibly complex and together with their team of accountants, strategists, planners and other heads of departments, they are responsible for coming up with the best strategy to move forward. If a company is going through some sales troubles, it’s their job to assemble the team and figure out, what this could mean. They collate and create projections and give estimates to the CEO of how the business will be affected. Not only do CFOs build the budget, they are responsible for making sure the company keeps within those tight margins. The owner of the business has direct contact with the CFO every single day and they are one of the core parts of an executive team. Analytical insights are the main crop of what a CFO does. They analyze and form a professional opinion on the global market as well as the company’s progress and position in the market. In order to be a CFO you need to be a veteran in financial modeling, accounting and capital structuring. This role takes time but the salaries are some the largest in the business and financial world.
On the road
The road to becoming a CFO or a part of the executive team in any business is arduous. Not just anyone can enter into the folds and become a part of the best corporations in the world. However being an accountant is one of the roles that b-lines you toward some of the top jobs. This is because you are studying the impacts on every financial decision a company makes. A CEO doesn’t have time to figure out every little detail of business and how his or her decisions are affecting even the most minute details of the business. Therefore they rely on professional public accountants that will not only analyze the position of the financial company, but develop strategies, come up with backup plans, you’ll control expenditures on a project, and also audit the company as well. You’ll also be responsible for making sure the correct taxation is being done so that the company is complying with government laws.
If you want to become a public accountant here is a guide to become a CPA and the process you’ll go through regarding studying and examination. You require a recognized degree to begin with, then depending on the CPA exam you’re applying for, will need a master’s degree. Therefore it’s prudent to make sure that you carry on with your undergraduate subject, and move onto a postgraduate course. A CPA is a senior position in any company and thus you need to show dedication to your craft. The National Association of State Boards of Accountancy (NASBA) helps candidate to meet the requirement of their particular state. So if you’re lost and don’t know what kind of qualifications you need to begin becoming a CPA, then you can always contact them for advice.
Corporations live and die based off of their best and brightest brains. The executive team may be lead by a phenomenal CEO that can calculate many things about the company, markets and the future, but they need the expert advice of the CFO and the CPA. Both work together and the CFO has the final say, but their team is filled with CPAs. Being able to be part of the team that moves the c
To be honest, I didn’t really know what a CFO did. It was interesting to learn that they build budgets and keep the company reined in and on track! CFO sounds like an incredibly important position.