Summary of Your First 90 Days as CFO

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Your First 90 Days as CFO summary

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For decades, the prevailing wisdom held that chief financial officers managed company finances, while CEOs and COOs handled corporate strategy and tactical decisions. But CFOs are now charged with a far broader range of duties, encompassing a variety of roles. According to Boston Consulting Group experts, a CFO’s first quarter can be a make-or-break period, setting the stage for future success or failure. Current and aspiring C-suite executives will find a 90-day blueprint for effective CFO initiation in this informative report.

About the Author

The Boston Consulting Group is a leading global consulting firm.

Summary

The role of the chief financial officer has expanded to include setting and implementing corporate strategy.

The notion of the chief financial officer as strictly a bean counter is a relic of the past. Today’s CFO is a top-level strategist and enterprise manager who supervises a corporation’s financial performance and all its basic functions, including audits, compliance and risk management.

However, this new dynamic can be a tough slog for finance professionals. A study of 700 publicly listed companies from 2015 to 2020 found that close to 10% of CFOs burn out in one year...


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