Financial Management: A Position That Highlights Professional Competence.

CFO, a foreign company participating in the innovation research center, is usually a branch or subsidiary of a foreign enterprise in China. 87% of the enterprises in CFO are listed companies. 65% of the private enterprises CFO are listed companies, 19% of them are listed overseas, and their average working life is 17 years.

In state-owned enterprises and private enterprises, more than 80% of CFO is a professional undergraduate of Finance and economics, and about 64% of foreign enterprises CFO is also a professional team. The remaining 30% of foreign enterprises CFO is pformed by science and engineering majors.

In many CFO eyes, the threshold of financial work entry is not high. It does not necessarily require financial professionals to be born. There are many people who are born in Applied Mathematics, applied physics and chemistry. But to be a financial expert, they must be interested in numbers and have a keen sense of numbers.

"All kinds of data" and "all kinds of reports" are the basic medium for CFO to perform its duties. Therefore, CFO must be sensitive to digital judgement and strong analytical ability, analyze the meaning behind financial figures, and use data to provide suggestions for the company's key decisions and long-term development strategies.

It can be said that one of the professional characteristics of CFO is to enable enterprises to grow in "data".

A big difference between financial personnel and human resources, administration, market and other personnel in career development is reflected in the different levels and different categories of financial personnel in career planning with their matching professional qualification certificates for their professional upgrading.

Although there are ten kinds of financial professional qualification certificates at home and abroad, their classification system is clear and their knowledge structure is clear.

So, for financial personnel, what is their career development direction and what kind of vocational qualification certificate they have obtained?

Very strong.

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During the interview, it was mentioned that in the process of obtaining certain qualification certificates, the functions undertaken at each level of work and the function of each function were re understood. From the perspective of an organizer, the problem was found to be the best.

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It reflects CFO's excellent ability to analyze and judge from the side. They integrate their own problems with the information provided by the outside world and dig into the essence of the problem, which is also vividly displayed in their daily work.

At present, more than 50% of the CFO interviewed in China have not left the field of finance since their first job, and have always been in the financial department of the company. About 20% of CFO even though their first job was not in the financial department of the company, nor did they leave the relevant field, they either came from the university financial teachers or came from the pformation of audit.

Professional quality is the core value of CFO. CFO not only takes charge of all financial functions, including financial strategy, financial reporting, cost management, risk management, merger and reorganization, tax planning, value management and comprehensive budgeting, auditing and internal control, financial analysis and forecasting, management responsibility and asset management, etc., and is proficient in the concepts, practices and processes in their respective fields, and has an in-depth understanding of the company's financial operation environment.

These basic skills as CFO do not need to be trained overnight and require solid professional knowledge as support.

Therefore, CFO should first be a financial expert with high professional standards, and then be a manager in the company's major decisions.