Chief financial officer (CFO) is a critical position in any organisation, with responsibility across most aspects of finance.
What is a CFO?
CFO is one of the most respected roles within finance because of the breadth and depth of experience it demands. It is critical to the success of an organisation, and requires a thorough understanding of accounting and finance in the context of how they underpin business strategy and operations.
The day to day responsibilities of a CFO are extremely varied, and can include sourcing and managing funds, performance measurement, management accounting, decision support and financial reporting.
How do I achieve it?
CFOs must be qualified accountants and a member of a professional body such as ACCA. More than likely you will progress into the role of CFO from another senior role such as financial controller, or after proving your ability to lead a department of financial or management accountants.
Aspiring CFOs will benefit from taking the following ACCA Strategic Professional Options exams:
- Advanced Financial Management (AFM)
- Advanced Performance Management (APM)