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Tips For Selecting Chief Financial Officer

2010/12/6 10:23:00 40

Finance

Chief inspector

Or chief accountant is a very important position for every enterprise. However, due to the different nature of the enterprise, the difference between the source channels of the chief financial officer and how to select a financial controller suitable for the nature and development needs of the enterprise is very important.

In view of the sources of financial controller of domestic enterprises, there are 3 ways to take office.

First, the enterprise from the existing financial personnel training, such a chief financial officer or chief accountant after graduating from the general school, starting from the grass-roots accounting post, after years of practical accounting work, has gradually become the top business, promoted to vice president of finance, manager, and finally to chief financial officer or chief accountant.

The two is from the big accounting firms, and enterprises are aiming at senior Certified Public Accountants of major accounting firms. Finally, they can be employed as chief financial officers or chief accountants through observation and communication.

The three is the evolution of the investment management staff of an investment company, and the cooperation between an enterprise and an investment company, finding out the financial management ability of some investment managers, and being hired as the chief financial officer or chief accountant of a company, or looking for a financial director or chief accountant who is suitable for an enterprise from a investment company through a headhunting company.

However, because of the source channel

difference

The three chief financial officers have great differences in their work priorities. Enterprises should select financial director or chief accountant who is suitable for their own requirements according to their own industry characteristics, enterprise nature, scale and development needs.

1. the chief financial officer of accountants comes from a variety of business processes and internal controls. The long-term corporate work enables them to adapt quickly to the corporate culture. But because of their long accounting practice, they are more conscious of controlling risks and are more willing to accept certain things. Conservatism is their prominent feature. If the enterprises in the industry are more mature, it is difficult to develop leapfrogging, especially the fierce competition in the industry.

2. the chief financial officer of a firm, whose knowledge of national accounting policies is understood.

Deeper

It may be more difficult to comply with financial policies and regulations, and it may be more difficult for internal control and some flexible pactions. For that reason, companies with more than a few listed companies and shareholders who need to disclose their financial reports are more suitable for finding such general financial supervisors.

3. the chief financial officer of an investment company, because of its working characteristics, decides that accounting and internal control may not be expertise, but expertise is in investment management, capital planning and operation. Therefore, enterprises need capital operation, and the industry needs a lot of investment or the introduction of funds for leaping development enterprises, which is more suitable for finding such a financial controller.

However, as a very important senior management position in the enterprise, CFO is an indispensable role between financial market and value management.

They stand between shareholders and managers, and are one of the important strategic decision makers and implementers of the company.

How can someone who is in the position of chief financial officer expand his theoretical thinking and enhance his strategic height?

In the modern sense, the chief financial officer should undertake the corresponding duties and must have a strong learning ability.

We must break through the traditional financial vision, examine the financial and accounting problems from a strategic perspective, understand the knowledge and operation methods of corporate governance and capital operation, effectively control and guard against enterprise risks, engage in a large number of knowledge and information about financial management at home and abroad, and gain in-depth knowledge of relevant international rules and draw on the relevant experience of international enterprises.