A Quick History of Businesses

Learn More About the Responsibilities and Services Offered by a Chief Financial Officer to a Company CFO is an abbreviated term that stands for chief financial officer, and it is defined as a corporate officer who is primarily responsible in managing any financial risks of the corporation or company. A chief financial officer is also called as a chief financial and operating officer, which is abbreviated as CFOO, or FD, which stands for finance director. Specifically speaking, the chief financial officer handles all of the different financial and accounting matters of a company or corporation. A CFO has basically a lot of various responsibilities within the company or corporation that hires him or her, and that typically includes company liabilities, company performance, department supervision, financial relationships, raising or finance capital, record control, shareholder relations, budgeting and expense control, financial obligations and cash flow. In cash flow, it is the responsibility of the CFO to control cash flow position within the company, and that includes understanding the uses and sources of cash, as well as, maintaining the integrity of securities, funds and any other valuable documents. When it comes to company liabilities, the CFO is typically responsible with the process of understanding all the different kinds of liabilities within the corporation or company. When it comes to department supervision, a CFO is the one who will serve as the supervisor of the various departments within the company, such as the HR, accounting, IT and finance department. In financial relationships, the CFO is the one who maintains and establishes lines of communication with shareholders, financial analysts, and investment bankers. In raising or finance capital, the CFO is the one who execute and establish any programs for the provision of capital being required by the company or corporation. When it comes to record control, the CFO has the responsibility to prepare the required financial reports, to insure that the audits are to be completed in time, to ensure that the maintenance of the appropriate financial records, and to provide insurance coverage. In terms of shareholder relations, the chief financial officer is the one who is responsible in analyzing the corporation shareholder relations procedures, policies and information programs, and that basically includes the annual and the interim reports to the shareholders and the board of directors of the corporation. When it comes to budgeting and expense control, the CFO is responsible in collecting the inputs, comparing the actual performance of the corporation with an estimated budget, and overseeing the budget process. There are a lot of chief finance officers all over the world, and the common services they tend to offer to their clients includes capital planning, business restructuring, financial reporting and strategic planning.

3 Lessons Learned: Accountants

Overwhelmed by the Complexity of Businesses? This May Help