Whether it's in healthcare or another industry, there are many things certified public accounts can do to help themselves rise above the competition when trying to become a CFO, according to a Journal of Accountancy report.
The report provides advice on preparing for the role of CFO. Here are some tips from the report:
1. It is necessary the individual "understand the business of the company" in order to be an effective CFO.
2. In order to get operational experience, CPAs can "volunteer for projects outside of finance, take lateral positions in different areas, and seek out and visit others who work in operational areas such as manufacturing and sales."
3. It is necessary to be enthusiastic and have a positive attitude. "Effectiveness in leadership roles requires being open with other employees. A positive attitude and enthusiasm are essential," according to the report.
4. In order to become a CFO, it is necessary to be "tough" and "confident." "You must be able to make difficult, reasoned decisions and explain complex accounting, financial, and business concepts to others in a way that they can understand," according to the report.
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