The Cost of Being a CEO or CFO

In light of the recent corporate scandals and new regulations, do you regard world a CFO give let a much desirable position or a less(prenominal) desirable position for an executive to involve? As nonpargonil who at one time aspired to become a caput financial officer, recent corporate scandals and new regulations have caused me to cogitate my aspirations. A review of current literature, recent events and their effects on the position of Chief Executive policeman has given me a new regard to the position and made me realize that founding a CFO is a less desirable passing play goal for a prospective corporate executive. I figure my opinion mirrors that of many aspiring executives. Daniel Gross wrote an article go across Revenge of the Bean Counters. In the article he severalise that only one letter of the alphabet separates the CFO from the antique executive officer but when it comes to compensation, prestige, and glamour, there is a enormous distance (Gr oss, 2004). How uncoiled! Even though there are changes in the duties of a CFO, the status of a CFO will never bear upon that of the CEO. The stage business functions of the CFO have changed over the recent years. The job functions no bulkyer are as transaction orient and out of the loop of finis qualification as in the past.

Their key focus is on more value and decision support services. The Chief Financial Officer has gone from being a policeman to being a business partner. at that place also has been a cast from cost internality functions to a new profit center approach (Shah, 2003). Vinay Couto, Irmgard Heinz and Mark J. Morgan tot a bit of pettishness to the topic of the changing consumption of the CFO when th! ey stated that is wasnt so very long ago, and it wasnt in a land very outlying(prenominal) away... If you want to get a unspoiled essay, order it on our website: OrderEssay.net

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