There are other aspects may bring advantage as well such as a solid understanding of cash flows, cost rations, etc. Janine Brewis points out in her article “How a CFO can graduate to CEO” that it is good decision making to involve a financial expert into upper management since it is critical for good operations and for the company's management to understand law, regulations and policies regarding financial reporting...
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It serves to protect the company and its constituents. Part of the reason for the trend towards recruiting CFOs who can behave as strategic partners is that the investor community looks much more critically at the business performance and management strengths and weaknesses of corporates. This strategic positioning gives them an opportunity to buff up their image, and make themselves seen as a ore credible candidate to take over the CEO role (Brewis, 1999)...
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Value Chain Sociologists argue that when large organizations falter and fail it is because of bureaucratic rigidity, which Marxist economists contend is the result of capitalistic oligarchic power...	4 / 1026
Finance Managers They handle the start up of credit for the organization and of course the customer. This is an important position within the organization because they can make or break the overall earnings just by the credit criteria...	2 / 421
CFO changing roles Now they have to be savvy enough to be effective in operational reviews and to play coach. Growing competition, a sharper focus on corporate governance and technological innovation all play a part in radically changing the way CFOs impact an organization...	4 / 1054
Financial Manager's role Financial leaders must act on the fact that businesses credibility depends on the accuracy of financial statements. Although major audit firms have tightened standards, significant accounting choice points remain for the CFO, including recognition of loss on investments, pension accounting, accounting for acquisitions and divestitures, and accounting for derivative transactions...	2 / 503