The Changing Role Of A CFO – New Competences And Skills Are Necessary To Face New Challenges

The role of a CFO has been changing recently. A CFO can no longer be seen as someone who is responsible for cutting costs as a means of maintaining the profits. It is not a matter of dominating the financial principles; instead, CFOs must develop a strategic discipline to be effective financial leaders (Caglar, Mani & Peters 2015). Although a strong background in accounting and compliance is still important, there is a tendency for CFOs to improve their non-technical skills through financial planning and analysis, treasury and capital markets experience.

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