Skills Required for CFO
CFOs must possess various abilities, such as
1. Financial Knowledge: CFOs must possess a thorough knowledge of finance, accounting, and financial reporting.
2. Strategic Thinking: CFOs must possess the ability to think strategically and create financial plans that complement the overarching aims and objectives of the business.
3. Leadership and Communication Abilities: CFOs must be able to inspire and guide their group as well as interact with stakeholders both inside and outside the organisation. CFOs must possess the ability to recognise and control financial risks.
4. Business Savvy: CFOs must be well-versed in the company’s sector and the competitive environment.