BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -While both the CPA and CMA can help you become a CFO, there are some key differences in the areas of specialization for each certification that could impact your career path. First, a CPA and CMA require candidates to possess different professional skills.

Detailed explanation-2: -A CFO does not need to have a CPA, CFA, or MBA designation. But of the three, having a CPA designation does help dramatically . I’ve passed the CPA, and I can say that it is the most important designation to have if you’re considering being a startup CFO.

Detailed explanation-3: -The CFO may be appointed either by the board of directors or by the managing director unless such person is designated as a key managerial person under section 203. As per the provisions of section 203 every public Company having a paid up share capital of Rs.

Detailed explanation-4: -While both are important, a CPA and CFO have vastly different roles. A CPA is typically more tax-focused while a CFO is more focused on long-term financial strategy. For a CFO, this includes forecasting, budgeting, resolving cash flow issues, optimizing systems, raising capital, and more.

Detailed explanation-5: -The majority of CFOs will understandably have an educational background in finance, business, economics or management. A typical path would be a bachelors and masters degree in accounting or other finance-related studies, alongside the ACCA Qualification.