Chief Financial Officer

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Chief Financial Officer (CFO)

The officer of a firm responsible for handling the financial affairs of a company.

Chief Financial Officer

In a corporation, the official charged with overseeing all financial matters. The CFO is the equivalent of a treasurer: he/she is responsible for ensuring the long-term financial health of the corporation. This includes mundane matters like signing checks and record keeping, but the CFO is also head of financial forecasting, budgeting, and managing the company's financial risk. The CFO is often a member of the board of directors, and reports to the CEO. In the United States, it is common for CFOs to have an MBA degree, but not necessarily a professional designation like CPA or CFA.
References in periodicals archive ?
Most of the respondents hold the belief that the complexities of the MENA region provide the perfect environment to elevate the importance of the CFO role, such as the need to understand the financial implications of complex government regulations and the absence of reliable data points across markets.
"More importantly, CFOs in the Mena region need to recognise the unique position they occupy to help drive organisational development and offer strategic support," he added.
The Search uses clearly defined qualitative and quantitative criteria designed by Finex Foundation and the Ateneo Graduate School of Business, which gives equal weight to the CFO's performance of his various roles as the company's strategist, catalyst, operator and steward.
A cause for concern is that CFOs remain less convinced about the strength of the renewed U.S.
* CFOs are playing a crucial role in digital investments.Three-quarters of the financial services CFOs surveyed are leading efforts to improve efficiency through the adoption of digital technologies and exploring how disruptive new technologies could benefit their organization.
Maureen Michael, chief administrative officer and CFO of the Da Vinci Science Center in Allentown, was named CFO of the Year of a nonprofit organization with 74 people or less.
This is where fluency in digital technology plays an essential part of a CFO's DNA.
The survey represents the viewpoint of over 200 chief financial officers (CFOs) in India.
The new organizational website allows for businesses who are in need of a Chief Financial Officer's assistance to easily research Your CFO Solutions LLC's service offerings.
Caption: Alexander Sotelo, CFO, Open Education; Maria Murillo, CFO, LATAM Region, Microsoft.
The professional steps leading to CFO are as varied as they are lengthy; thus, it's not surprising that the average age of a Fortune 500 CFO is 52 years old.