In large firms, financial activity is usually associated with Chief financial officer.
Chief financial officer:
- The top financial position in an organization is held by the chief financial officer (CFO). They are in charge of monitoring cash flow, budgeting the company's finances, identifying its financial strengths and weaknesses, and making strategic recommendations.
- A CFO plays a critical role in the company's strategic efforts and frequently holds the highest financial position and third-highest position within an organization. Financial standards must be followed when producing financial reports under a CFO.
- A bachelor's degree, a master's degree, a professional accounting credential (such a CMA), and roughly ten years of work experience are typically required to become a CFO. While some of these may overlap, it will most likely take 10 to 15 years to complete this task.
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