It is expected from a Chief Financial officers to forecast the economic trends and prepare for the worse . However , present Credit Crisis , has put a question mark on the job of high profile CFO's, while the large scale global financial corporation, are all in problem .
Though only CFO can not be blamed for the entire soup . There are other factors too. The overly complicated financial instruments which are existing in the market , on which everybody understands that nobody understands, is a reason of concern too.
However, most of the CFO's, pretty well understand there companies financial statements.The problem here is little different . As still,there is a lack of understanding of how the number in the corporate books have relation with the overall figures, existing in National and Global context.
This relation is something which the high profile financial professionals have failed to understand which has deeper cause of such magnimous level of global financial crisis.