What does a CFO do and how can anyone become one?
In: Economics
I’m a CFO, the answer very much depends on the size of the organization. The smallest company could have a CFO that’s more like a bookkeeper. They track all accounting and pay expenses. As you get into bigger and bigger organizations their role becomes more of a manager of people who do these things. They are the ultimate decision maker on areas of finance, accounting, and other areas.
When you get to larger size entities they spend a lot of time strategizing with the rest of senior management. They might be raising cash for the organization by selling debt or equity one day and presenting the audited financial statements to the board the next day. There are many many roles and responsibilities that a CFO can perform.
Generally CFOs will have a degree in accounting or finance with 5-10+ years of progressive experience in those fields before becoming a CFO depending on the size of the entity.
It’s a really cool job in my opinion and I love it.
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