CFO Essay

As you get higher within the ranks of a company, with more experience, the salary increases. The salary for a CFO is $115, 000 per year on average. (Summary;Salary). The more education one has, the higher the earning potential. The education requirements for an undergraduate generally include a degree in accounting or finance from a four year college with a good financial program. (Griffiths) Some work in the field for a time, and then go to business school to earn an MBA in Finance, while others go directly to earning an MBA. With going from a Bachelor's degree to an MBA, there is an increase in pay due to the greater education and there will be a position change from Junior Management to Senior Management (Griffiths). As with any upper level position that requires a graduate degree, there are many necessary skills. Socially, people who have this job must have a high degree of communication skills. They must have high attention to detail and very good self discipline. Self discipline is one of the most needed traits to be in the business finance vocation because of multiple tight deadlines. Generally, the working conditions for this type of job are in an office in a corporation. The largest employers in this cluster are Multi-National Corporations, with divisions in many different countries, and with revenues exceeding five billion dollars. As the

I also said that the CFO has to be a person who knows the company’s operations and financial structure very well so she has to be an insider. Then, Kristin supporters said that she is working on the same position in a peer company and can bring a new insight into the company. They also mentioned that she has international work experience and she is an excellent public speaker.

• Management: Is the company's management competent? Are they people with integrity, good reputations and diligence? Do they publish financial reports regularly and on time? Do they have open communication with their shareholders? The CEO (Chief Executive Officer) plays a key role in the management of a company. Although this must be a consideration, it does not mean that a CEO with a magnificent record with one company will automatically achieve the same proficiency with another.

As a CEO or a member of the management team it is important to have a very clear understanding of all the financial documents that are available to them. It is not only their duty but their responsibility to know these documents and finances extremely well because

Leah LaBelle once stated, ¨Work hard for what you want because it won't come to you without a fight. You have to be strong and courageous and know that you can do anything you put your mind to.” Society is often caught in the realm between making a living and being content with the work someone is completing. Some argue that happiness should come before money, but others feel as though money allows for more opportunities to create joy. In Mike Rowe: Learning from dirty jobs, Rowe addresses that there are several distasteful jobs that are available to the American people, however, “The broken basic bargain” discusses the psychological issues that can accompany someone should he/she follow one of these unpleasant careers.

Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.” Franklin Roosevelt basically means you can have all the money in the-world and not be happy. If you really work hard you will appreciate things much more and the things that come from the heart mean the most. " Those who have long enjoyed such privileges as we enjoy forget in time that men have died to win them" That is another quote and Roosevelt meant that we seem to take things for granted and that nothing is enough, but there are people who risk there own lives so we can live like this. we should not complain about our jobs or anything because at least at our jobs we are not risking our lives every second of the day.

The Chief Executive Officer is the senior manager who is responsible for overseeing the activities of an entire company. The CEO usually also holds a position on the board of directors, or also holds the title of president. All CEO's of publicly traded companies have a base salary of at least one million dollars. Plus they receive bonuses for their performance each year. A CEO flourishes when the company is doing well and should take a hit when the company is going down hill. These CEO's hold a large portion of the stock and that is why we have started seeing corporate scandals come about after the market has gone down. Employees of these companies receive stock options that are either put toward their retirement plan or taken from their salary (Swedberg). Corporate scandals have started to occur because of public companies and their greed for more capital by deceit and conflicts of interest.

According to the bylaws, the Finance Committee provides support and resources to the President and CEO, assists the treasurer and President & CEO in developing the annual budget and ensure that proper financial controls are in place, annually review and make recommendations regarding executive compensation, including benefits and ensure that all are consistent with arts and culture nonprofit organizations of similar size and gross revenue and verify that published reports properly reflect the operating results and financial condition of the museum (Board of Trustees, The Neon Museum Inc., 2013). In actuality the President and CEO and Chief Financial Officer (CFO) oversee the financial leadership of the organization in connection with the Finance Committee. It’s primarily the responsibility of the CFO to create the organizational budget along with the help of the President & CEO. The budget is then approved by the Finance Committee and then goes before the full board for final approval. The CFO ensures that the organization is in compliance with generally accepted accounting principles (GAAP) and Statement of Financial Accounting Standards 116 and 117

The area that I chose to discuss under the CFO is the Director of Budgeting. The roles and responsibilities include handling the budget, and managing all expenditures and its limits, supervising staff, and analyzing profit goals, revenue, and expenses while complying the regulations of not only the company but the state and federal industry as well. Some additional methods of management that would fall under this area include directors of human resources. They work hand in hand with each other when it comes to making sure funds are available for new staff hiring, new functions of operations, employee medical and dental benefits, etc.

Schafer and Bell (2005) discuss some of the things a Chief Executive Officer must do in order to provide strong financial leadership. One thing a Chief Executive Officer must do is hire a financial staff that is knowledgeable about not only basic finance practices but those that are specific to nonprofit needs such as the ins and outs of restricted and non-restricted funds and the use of the Statement of Accounting Standard 117. The CEO must also hire an appropriate amount of staff to make sure everything is being done in the most efficient manner and allow for accountability. Schafer and Bell (2005) also talked about following a standardized set of financial practices that help keep the organization in line with everyone else so if new staff do come in they are able to come into a system that they are more than likely familiar with. The other thing that Schafer and Bell (2005) talk about is having a uniform accounting system. To do this an organization must have a chart of accounts which helps keep track of all financials and makes it easy for non-finance staff to interact with. Most of all, whether an organization’s CEO has a finance background or not it is their responsibility to develop that skill so they are able to successfully navigate that aspect of their organization and have a strong financial presence so they are able to lead in that

Although the CEO states that the CFO’s style compliments his own style, their differences in strategies and overall mindsets may prove disastrous for the company. The fact that the CFO thinks the company should consider selling of their existing services line while the CEO is talking about acquiring an entire company for their service lines makes not synergy between the two. They may spend more time spinning their wheels arguing over viewpoints than making progress in the company’s growth. Additionally, the CEO’s concern that he may lose the CFO if the deal is finalized should not be a showstopper for the CEO if the deal is in the best interests of the

CEO: The Ceo will be in charge of the business side of the team and responsible for the success of the team as a business. The Ceo will have to have a Bachelor's degree and five years experience in another management position.

If you do what you love, you'll never work a day in your life. We’ve all heard this saying, but can we always do what we love. Is it worth it, though? This is the question for all who have dreamed of doing what they love. We look at empowering speech from the late Steve Jobs to Stanford’s class of 2005, where he challenged to do what you love. From Inc. Jeff Harden’s article “Do What You Love? Screw that,” he discusses how doing what you love career and jobs wise might not be the best. “Dear Grads: Don’t do what you love,” by Carl McCoy, McCoy talks about the consequences of doing what you love. “In The Name of Love,” by Miya Tokumitsu, Tokumitsu gets into how we undermine laborers, to put it lightly. Growing up my mom ended up doing what

The Chief Operations Officer (COO) and the Chief Executive Officer (CEO) are the responsible individuals, which must make the appropriate decisions in order to protect the company’s wealth. As the COO, responsibilities include supervision of the three different product lines that

Business administration is an extremely versatile degree to major in. The possibilities are nearly endless when it comes to possible career paths after graduation. Every business needs some form of management to operate successfully and efficiently. That is where a business administration graduate becomes useful. A person with a business administration degree typically works in the upper levels of management in order to make sure the business is running at full capacity. Positions filled by business administration graduates include, but are not limited to: chief information officers (CIOs), chief operating officers (COOs), chief sustainability officers (CSOs), and chief financial officers (CFOs). All of these possible jobs have one thing in common: chief. The chief is the person at the top who sees the big picture and delegates tasks that make that big picture come into focus. Among all of the possible careers accessible with a business administration degree, chief financial officer (from here on, known as CFO) appears to be a solid, long lasting, and satisfying choice.