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 ?
ON DUTY: Emma-Louise says one of the best parts of her job is discussing company results with the financial director of the company her firm is auditing.
Chris Wilks, financial director of Sondex, also warned of the consequences from his own experience of the problem.
Conducted in association with Accountancy Age magazine, the poll of 300 financial directors across the UK found that only 17 per cent would not push the profession as a suitable career option.
Half of Britain's financial directors are against entry into the euro before the next General Election, it was revealed yesterday.
Mr Donald Wilson, group financial director of Murray International, said Multi Metals had increased its market share in recent years.
Editor of Financial Director, Andrew Sawers, said: "This survey shows the debate about privatised industry fat cats has to take place in full knowledge that these financial directors are not as well paid as many of their FTSE-100 colleagues.
Given his long-term and strong background in financial management and experience in ARCADIS' field of activities, and because of his performance as Financial Director of ARCADIS NV in the past period, the Supervisory Board of ARCADIS is of the opinion that Mr Van der Klift's profile fits for this position and that he will deliver the desired contribution as Chief Financial Officer within the Executive Board.
It is increasingly likely that British businesses are going to find themselves 'exporting' to customers in Britain," said Mr Andrew Sawers, the editor of Financial Director.
In 1993, he moved to Kuala Lumpur, Malaysia, as financial director of the Esso companies in Malaysia.
From 1995 to 1999, he was the financial director of the paper's advertising department.
He previously served as chief financial officer for American Energy Fund in Los Angeles, California, and financial director for MFC International, a Russian-American oil development and marketing joint venture.
Given the nature of the business environment in which we are operating, we wanted to change our approach to planning and to improve our ability to more regularly re-forecast, to give us an even tighter focus on long term financial management and visibility," said Ian Robson, group financial director at Ashtead Group plc.

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