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9 Interesting Things At #MakeYourFuture
#MakeYourFuture was one of our endeavours to offer a peek to CAs, budding CAs
and aspiring CAs into the job market. It helped them understand opportunities
and challenges in making career and taking a shift. These quick snippets will give
you an idea on what happened there.
1: Mr. P B Balaji, CFO, Hindustan Unilever Limited pours down his learnings from
the tenure he spent with the consumer giant.
Finance must figure out how to make a sustainable business. This can be done by
following 4 steps: Protecting Value, Liberating value, Generating Value and
Communicating value. Finance is universally applied across sectors and industries,
you learn it and apply it and then generate a value.

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2: Listeners’ couldn’t agree more. They took notes and collected all the wisdom
being passed on by the industry bigwigs.
3: Mr. Vikas Chadha, CFO, Berggruen Hotels; Mr. Arjun Anekeri, AVP, Multiple
Private Equity and Mr. Kapil Krishnan, CFO, Manappuram Finance shared their
thoughts on ‘Getting Future Ready’
Finance professionals need to bring in an entrepreneurial approach in fields they
are working in. CAs typically focuses only on their core but for bigger roles, one
needs to develop broad outlook to justify a leadership position. It is important for
CAs to understand how an industry functions and business are run, to be able to
become a successful CFO. The three panelists concluded the same message.
4: Do good accountants necessarily become good CFOs, too?

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Ms. Sonal Shrivastava, CFO, Lafarge, Mr. Anand Bhadkamkar, CFO, South Asia
Dentsu Aegis Network and Mr. Venkatesh Srinivasan, MD, Everstone Capital
Advisors, all of them belonging to different sectors and educational background,
spoke their mind out.
Each panelist had wise opinions to share with the audience. Together they
inferred that accountants and non-accountants both can become CFOs. Chartered
accountancy as a qualification teaches mostly about compliances, audits and
processes but CFOs is a different ball game all together. They are required to be
good communicators, dealing with people in a high involvement profile. It
certainly needs more soft skills that an accountant has.
5: ‘40 is the new 60, make the right moves now!’ said Mr. C.K Guruprasad,
Prinicipal, Heidrick & Struggles
To a thunderous applause, he walked onto the podium to offer unusual insights
on who (CA or non-CA) does the industry prefer to hire? Industry has a notion
that CAs make single dimensional CFOs. They look at a business from a very
finance dimension and not multi-dimension. CFOs need to be more aligned to

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business goals with sharper business acumen. He then went on to take questions
from the audience.
6: Wondering if you should be in the industry or practice? See what Mr. Sudhir
Soni, National Director, Ernst & Young & Mr. Sushrut Chitale, Partner, MM
Chitale & Co has to say about it.
It is all about making the right choice and career move, be it the profession
practice or industry practice. Western India Regional Council currently has 85000
CAs of which 56% are in industry practices. Some interesting numbers were
thrown in to offer insights on CAs in professional practice vis-à-vis industry.
7: Panel discussion at #MakeYourFuture with Mr. Kattayil Rajinish Menon,
Director, Start Ups – Microsoft Ventures and Mr. Nainesh Sanghvi, Founder
Director, FACT Recruiters on ‘Being your own boss’.
What is it that stops CAs from thinking out of the box like their engineering
counterparts who venture into entrepreneurship directly after passing out from
their colleges? Interesting approaches were shared that can help CAs tread the
path of entrepreneurship.
8: While eminent speakers and panelists spoke and shared ideas, participatory
audience made sure that their questions did not go unanswered.
9: Can a CFO become a CEO? Yes, says Mr. V Shankar, CEO, Rallis.

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CFO to CEO is not difficult. Both are leadership positions just that a CFO is a
visionary and needs a lot more effort to keep all stakeholders closely knit, which is
a skill that a CFO needs to get equipped with.
Missed attending the event and need to know everything that happened there?
Watch the entire series on our YouTube channel.
http://bit.ly/MakeYourFuture_http://bit.ly/MakeYourFuture_
Read the full article here:
http://mycfo.in/blog/?p=691#more-691
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