Moving up the ladder of a company is very common, but it is extremely difficult to do no matter where you work. Getting a job as a certified public accountant (CPA) can lead to very lucrative jobs down the road if the employee sticks with it and puts in the effort needed to succeed. Many CPAs find themselves going on to work as chief financial officers (CFOs) and in some circumstances, chief executive officers (if they are lucky and work hard).
Gain as Much Experience as Possible
One of the most important tips for CPAs to follow if they want to eventually become a CFO is to gain as much experience as possible. Whether you are switching companies often to gain experience, or moving up the ladder in one organization, experience all counts the same. CPAs should try to gain their experience working as controllers or in treasury functions in order to move up to the CFO position.
Continue Your Education in the Profession
Another important tip is that all CPAs should further their education within the profession so they can keep up-to-date on anything new. These classes are typically reimbursed by your employer, so you don’t have to worry about paying out of pocket for the courses or the tests. With all of the new regulations released every so often, the importance of continued education is extremely high.
Make Yourself Known as a Team Player
No matter where you are working as a CPA, it is best that you are known within the office as a team player. This will help those around you, especially your superiors, realize that your judgment can be trusted. Anyone wishing to become a company’s CFO must know what all of the business departments do and how to mitigate the risks and options available.
Let the CEO Know You Desire to Become a CFO
Even if you have an excellent work relationship with your company’s CEO, it does not mean that he or she knows your goals are to become the CFO of the company down the line. That is why you should let the CEO know that your main goal is to work as the CFO one day. Once you tell the CEO, begin networking with those sitting on the company’s board of directors so you have contacts in all areas of the organization.
Know the Ins-and-Outs of Technology
Another important tip for becoming a CFO is to know everything you can about technology. Technology plays a major role in finances today, more so than any other time in history, which is why you need to know it from top to bottom. Technology can be the downfall of a major company if not operated properly or it could skyrocket a company into another realm of the business world.
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