Foreword The CFO represents the pinnacle of one of the branches of the accountancy and finance profession. CFOs are fundamental and highly respected members of the business community and the role that they play creates integrity and trust in the financial affairs of their organisations. Increasingly their organisations are being asked to consider the implications of the necessity of creating sustainable organisations that deliver value to a broader range of stakeholders and to report on a broader basis. This is a requirement that most CFOs are already starting to satisfy. It requires a deep understanding of their organisation and a comprehensive set of technical and interpersonal skills, as highlighted in their profile in ACCA’s Career Navigator, for example. It is important, in any discussion in organisations of creating or redesignating a CVO role, to acknowledge that much of what might be included in such a role is probably already being undertaken by the CFO. This is not to be complacent, and it is important to recognise that those already undertaking CFO roles will benefit from continuing education programmes in key areas to maintain their skills. The future of the profession relies upon the development of the next generation of CFOs, ready to replace those able individuals currently in the role, when the time comes. While the ever-broadening role may seem daunting, the good news is that the accountancy and finance profession is ready to provide support through mentoring programmes and continuous learning activities. It is essential for finance and accountancy leaders to play their part in ensuring that the next generation is prepared for this crucial role. Acting as mentors, for example, is an essential element and it should be recognised that many CFOs willingly give their time to this activity already. Networking and peer-to- peer discussions are also key elements in that career journey. As the CFO role develops, so does the important consideration of the value that organisations generate. CFOs are the stewards of value. May we be the first to recognise this.
Helen Brand OBE chief executive, ACCA
Albert Lopez global head of business services and outsourcing, BDO Global
Carly Bleathman partner, business services and outsourcing, BDO UK
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