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 ?
It found that, overall, finance directors are more pessimistic about the quality of patient care in 2016/17 than they were in 2015/16.
The study included the views of 87 NHS trust finance directors, plus 42 finance heads from 47 clinical commissioning groups (CCGs), which look after a large chunk of the NHS budget and manage local services.
The categories cover all sizes of companies as well as awards for public sector/not-for-profit, international businesses, young finance director of the year and local awards for Liverpool, North Wales and West Cheshire.
Public Sector Finance Director of the Year The panel is looking for finance directors who have provided a significant contribution to the development of their organisation and perhaps have made their mark with some special achievements.
According to IDS, the median bonus payment for a FTSE-100 finance director was equal to 127% of salary in the last year.
OAKRIDGE - Nearly a year after it came to light that the city's finances were in shambles, the City Council on Thursday gave its finance director the choice of resigning or being terminated without cause.
The survey of 73 finance directors, including nine from the Russell Group, echoes findings from the Higher Education Funding Council for England (Hefce) which suggest that more than half of universities expect to be teaching fewer undergraduates next year.
After obtaining the endorsement of the Government Finance Officers Association of Texas (GFOAT) and the Texas City Management Association, I distributed e-mails to a sample of 201 Texas municipal finance directors and their city managers, inviting them to participate in an online survey.
Sarah Turvey, finance director of compliance and business support service company SimplyBiz, was named Best Finance Director of an SME at the Yorkshire Finance Director Awards.
Mick Thompson, audit partner at KPMG in Newcastle said: "We are delighted to have won this award for the third year in a row, especially as it represents the views of UK finance directors.
Orchard's regional representative Nagesh Bhayani said that an increasing number of fast-growing companies recognised the value a finance director could add to their business, but were reluctant to commit to the costs and risks involved in employing one full time.
Marks and Spencer's group finance director, Ian Dyson, has been brought in from The Rank Group to replace Alison Reed, who is leaving at the end of April.