Chief Financial Officer
The CFO’s duties include tracking cash flow and financial planning as well as analyzing the company’s financial strengths and weaknesses and proposing corrective actions. The role of a CFO is similar to a treasurer or controller because they are responsible for managing the finance and accounting divisions and for ensuring that the company’s financial reports are accurate and completed in a timely manner
KEY TAKEAWAYS
- A chief financial officer is a top-level executive.
- The CFO is a financial controller who handles everything relating to cash flow, financial planning, and taxation issues.
- A CFO is often the highest financial position and the third-highest position in a company, playing a vital role in the company’s strategic initiatives.
- Financial reports completed under a CFO must adhere to financial standards.
- People interested in becoming a CFO must have an academic and professional background in finances, economics, and/or analysis.
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