Choose The Best CFO: Professionals Do Professional Work.

In fact, whether a person is a suitable candidate for CFO is not necessarily related to whether he has a university degree or not. Even a CFO candidate with a high degree of education is not necessarily qualified for the job.

But for those companies who want to expand their businesses rather than just run a small family business, a person with professional financial qualifications is the most basic requirement.

Most CFO candidates need to have 3 professional qualifications, namely, CPA, or the equivalent title of China, the qualification of Registered Financial Analyst (CFA) or the equivalent title of China, and the master of Business Administration (MBA).

A CFO with these 3 different kinds of professional qualifications is usually able to have distinctive values and capabilities.

CPA has a very professional ability in the accounting field.

However, the general registered accountants lack or even have no relevant business experience, and little is known about the financial problems or business problems of large enterprises.

If they work for a small company or a large company, their work will be very effective, but they can only focus on the correctness of the figures. It is difficult for business, human resources and most other matters to be considered, and it is very difficult to have professional advice.

If a start-up employs a certified public accountant, especially an experienced accountant, there may be some exceptions, but most of the less experienced CPA can only focus on financial data.

We usually call this kind of technology CFO.

Registered financial analysts tend to focus on two aspects of Finance and evaluation, not accounting.

Although registered financial analysts do not pay much attention to accounting problems, they still have a thorough understanding of valuation, and they also have a deep understanding of financial problems in business.

Of course, a registered financial analyst should first be trained in a financial service environment similar to an investment bank, and it needs to be carried out in an enterprise that runs a traditional manufacturing entity product or provides non-financial services.

There is a certain difference between this kind of training.

Therefore, a registered financial analyst is usually more rigorous than most CPA.

We usually call this kind of value CFO.

General

The master's conference focuses more on business, not just financial issues in a narrow sense. Usually, such a person does not qualify as an accountant, or at least has no degree in accounting.

But the general MBA will have more extensive vision than CPA and registered financial analysts, and the views on many problems will be more comprehensive.

But if you want MBA to be a CFO in start-up, you need to find a regular job for them.

To help them do some purely accounting work, but this combination means small companies need to increase costs.

We usually call this kind of business CFO.

If a company is founded for a very short time or a very new company, it needs more CFO for its role as an important partner in the development of the company's business. It is a CFO that can find business partners for the company, raise capital, meet business customers, and at the same time enable them to have confidence in the development of the business.

In this case, a business type CFO with master of business administration should be a better candidate.

If the enterprise is in the late stage of development, it will need a CFO that can control the accounting operation. At the same time, it can leave the company's business development problems to CEO and marketers, which means that those technology CFO will be more suitable for these companies.

If an enterprise is already in the stage of financing and planning to go public, or in a financial related field, then a value CFO with certified financial qualifications is the best choice.