What are the skills required to become a CFO?
Asked by Shiksha User
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1 Answer
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Since many FP&A professionals are skilled in forecasting and strategic financial planning, they have the fundamentals needed for the CFO position. This forward-looking viewpoint fits in nicely with the CFO's emphasis on directing future financial directions as opposed to just going over historical data.
Financial modeling and budget forecasting are skills that FP&A specialists possess and are essential for any CFO. One of the main responsibilities of CFOs is to anticipate future financial scenarios and make effective plans for them. These skills help them do this.
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