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 ?
Nenad Pacek, president of MEA Business Group, said: "We wanted to examine how CFOs of leading Emirati and Saudi companies have seen their roles and responsibilities change in recent years and their relationship with other C-suite peers."
The Search is open to the CFO of any company operating in the Philippines, whether local or foreign-owned, and privately held or publicly listed.
The the first quarter "2019 CNBC CFO Survey" conducted by the CNBC Global CFO Council revealed that not a single CFO from North America believes there will be a recession this year.
* 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.
The biggest challenge for CFOs will be recruiting or training the talent to understand how to collect data and gain insight from data.
The CFO of the Year categories honor career successes and nominee contributions in other areas of corporate management.
The annual search, which is enticing local or foreign-owned and privately held or publicly listed companies operating in the Philippines to nominate their CFO until Aug.
Technology up-gradation (23 percent) and analytics solutions (17 percent) continue to dominate the CFOs agenda due to the increasing importance of technology and analytics for decision making and strategy of the organisation.
Caption: Alexander Sotelo, CFO, Open Education; Maria Murillo, CFO, LATAM Region, Microsoft.
The executive search consultants Russell Reynolds Associates recently analyzed the career patterns of all Fortune 100 CFOs to investigate experiences and underlying capabilities of these professionals on their way to the top (http://bit.ly/lkpeRD8).
According to the preliminary findings of the CFO Strategies Index GCC 2014, regional CFOs demonstrated a clear confidence in the use of technology to further their strategic objectives, with only seven per cent citing the availability of technology as the main challenge in their role.
Ahead of the CFO Strategies Forum, an example of this is given by Microsoft Arabia CFO, Sadrul Khan, who gives an insight into just how far the knowledge economy has influenced regional financial leadership, by explaining how one of the most prioritised technologies by CFOs in the region is social platform monitoring IT.