The Chief Financial Officer In A Company Is Responsible For Which Of The Following Departments? (Correct answer)

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.

What are the main responsibilities of a chief financial officer in a large company?

The Chief Financial Officer (CFO) of a company has primary responsibility for the planning, implementation, managing and running of all the finance activities of a company, including business planning, budgeting, forecasting and negotiations.

What is CFO and its responsibilities?

The Chief Financial Officer directs a company’s financial goals, objectives and budgets. If you work as a CFO, you oversee the investment of funds held by the company and assess and manage associated risks. Most CFOs are also responsible for managing the corporate investments and will sit on the board.

What departments is a CFO not responsible for?

The historical tasks of the finance function such as books and records, financial reporting, and statutory compliance continue to be important but are now taken for granted by CEOs. The CFO of today and tomorrow must be able to take financial data and use it to influence operational decision making and strategy.

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What is the Department of CFO?

CFO (Chief Financial Officer) is the corporate title for the person responsible for managing the company’s financial operations and strategy. The CFO reports directly to the CEO and has substantial input into the company’s investments, capital structure, money management and long-term business strategy.

What is the role of finance officer?

Financial officers are in charge of overseeing the financial transactions of a company. Also known as chief financial officers, these professionals are tasked with developing budgets, monitoring transactions, and preparing financial reports. They possess strong accounting and analytical skills.

Who is chief financial officer of India?

Reserve Bank of India (RBI) has appointed Sudha Balakrishnan as the first Chief Financial Officer (CFO). She will be the 12th executive director of the RBI and will have tenure of three years.

Is the CFO responsible for investments?

The primary job responsibility of the Chief Financial Officer (CFO) is to optimize the financial performance of a company, including its reporting, liquidity, and return on investment.

What is the role of a CFO in a non profit organization?

The CFO role is strategic by nature, creating budgets, analyzing financial statements, and strategically interpreting the data. They provide an active partner to the Executive Director (ED) and bring a forward-looking and proactive stance to managing the organization’s finances.

What does the chief executive do?

CEOs are responsible for managing a company’s overall operations. This may include delegating and directing agendas, driving profitability, managing company organizational structure, strategy, and communicating with the board.

What does CFO stand for in construction?

To meet this need, many contractors reach a point where they should either appoint or hire a Controller or Chief Financial Officer (CFO).

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Who can be a CFO of a company?

The position of Chief Financial Officer (CFO) is recognized for the first time under the Act. He shall be a person who is occupying the position as CFO having involved in day to day financial affairs of the company. He has been also included as an officer in default due to his role and responsibility in the company.

Who does the CFO report to?

The CFO is the highest-ranking finance position, and they report to the CEO.

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