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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Carol Thomas, financial director of Runcorn-based SOG Group.
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The report shows that almost 40 per cent of financial directors are responsible for procurement, despite the existence of a purchasing department.

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