Hellow guys, Welcome to my website, and you are watching CFO, a day in the life of a Chief Financial Officer. and this vIdeo is uploaded by The Financial Controller at 2023-03-05T04:27:01-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | CFO, a day in the life of a Chief Financial Officer |
| Video Uploader | Video From The Financial Controller |
| Upload Date | This Video Uploaded At 05-03-2023 12:27:01 |
| Video Discription | Join 10,000+ professionals who enrolled in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy [coupon 30OFFCOURSE for 30% discount] Or Get my Controller bundle, which includes the Controller Academy https://controller-academy.com/bundles/total-controller-access [coupon 30OFFCOURSE for 30% discount] I am going to show you how a CFO spends his day and toward the end of the video, I will share with you the best career path to follow if you want to one day become a CFO. Mark meets with sales leaders to discuss pricing of a new software product. The sales team presents him with their ideas, where they consider making the most money while keeping inline with similar products in the market. At 12:30 it’s time to break for lunch. Mark always has a working lunch with someone from the company, where they combine eating and discussing one area of the business. After spending about an hour on lunch, Mark returns to the office where he meets with the FP&A team to discuss the quarterly re-forecast…. and the Focus of the meeting is revenue forecast. The team contemplates 2 approaches to forecasting revenue in the coming quarter: A bottom up approach And a top down approach With the bottom up forecast approach, it is performed just like the name implies..you start from the bottom which is a list of your products/services, then use current customer/volume data to try and predict future revenue. While with the top down approach, the team starts at the top, meaning they assess the size of the market it operates in and its share of that market. They decide as a team to focus more on the bottom-up approach because it will be easier to rationalize when speaking to investors…AND use a light version of the top-down method to validate the results. The team will have to roll up their sleeves…. LOAD UP on caffeine and start building the revenue model, which will have to account for projected growth by customer, seasonality and other variables. Ok, it’s 3 PM and it’s time to sit down and review the board slide deck. The executive team meets with the board of directors once each quarter to review financial results, forecast and business outlook. The slides need to be easy to digest and provide good information. Mark likes a clean minimalistic slide structure, which allows him to talk over it and provide further context. The slides present KPIs such as DSO, CAC, Gross Margin growth among others. These board meetings are typically stressful and Mark usually takes the team out for some drinks later that day to blow off some steam. Those who qualify for a CFO role typically come from the following background: 90% of the time come from either Investing banking or equity research, while just about 10% of the time come from an Accounting background like myself. But generally This means to maximize your chances, you want to join an investment bank or an advisory consulting role at a big firm. This is based on my personal observation throughout my career, and to be clear, my current trajectory as a controller is to one day become a Chief Accounting Officer rather than a Chief Financial Officer. Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller 🙋🏼♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666 DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice |
| Category | Education |
| Tags | CFO day in the life | day in the life of a CFO | How to become a CFO | CFO career path |
