CFO How To Improve Professional Competency And Ensure Career Promotion

For many CFO, learning is not only to acquire professional knowledge, but also to broaden their horizons and enhance their competence.

In the process of learning and communicating work experience, strategic thinking, analysis and judgement, communication and coordination, and organizational management ability are highly frequent words and phrases, indicating that the professional role of CFO in China is undergoing major changes.

Some CFO have acquired a high percentage of master or doctor's degree through continuing study after graduation or even after high school.

In master's degree, MBA takes up half of the total.

CFO is an interlude in financial markets and companies.

There is no doubt that they must have a strategic mind, broad thinking, farsighted strategy and accurate judgement. They should understand and deal with problems from the strategic height of overall development.

Nearly 40% of CFO's start

It is accounting, while domestic accounting education is narrow in content and lacking in knowledge structure, which leads to many financial personnel who are proficient in accounting but lack management thinking.

Therefore, the CFO interviewed mentioned that we should continue to accept and digest new information and expand the scope of knowledge to the fields of production, supply and marketing, internal management, economic management, human resources and strategic management.

Before, our traditional

Generally speaking, we attach importance to the micro analysis of economic phenomena and lack of financial analysis from the perspective of capital management. Therefore, CFO has been asked to take part in the major decisions of enterprises. CFO must have a business savvy, have unique insight and judgement and analysis ability to the market, integrate value and financial management, and participate in the formulation of the company's value creation process throughout the whole process.

At the same time, CFO is expanding from the traditional narrow fields of Finance and accounting to the company's strategy and resource management. It emphasizes that CFO should be good at making use of financial analysis technology to make professional judgement and objective decision on the market, production and sales, etc., and combine the objectives of maximizing the company's strategy and strategy, formulate, recommend and supervise the implementation of the company's financial strategy, so as to support the company's implementation of its business strategy.

So CFO is not only an excellent financial expert, but also an excellent manager. He also needs to know the knowledge of market, production, process and human resources, and can communicate effectively with the board of directors, business partners and employees.

CFO has to deal with the external relationship with shareholders, board of directors and audit committee, social audit institutions, etc., while dealing with the internal relations with key persons such as CEO, internal audit institutions and CIO.

For CFO, communication ability is very important, because CFO needs support from various departments, without support from other departments, and any monitoring is pale.