Chief Financial Officer

(redirected from Financial Directors)
Also found in: Dictionary, Thesaurus.

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 ?
Carol Thomas, financial director of Runcorn-based SOG Group.
Cooper, financial director of President Engineering Group, said: "It is really exciting to have been shortlisted for this national award.
In total, 61% of all those financial directors polled did not know the cost of document production while this increased to 71% for companies with a turnover in excess of GBP20m.
Richard Post, managing director of Reed Accountancy Personnel, said: "It is of grave concern that any financial director feels under pressure to compromise their personal integrity."
"It's fantastic to see financial directors praising the quality of our partners so highly."
The poll showed 44 per cent of English Premier League (EPL) financial directors questioned stated their payroll for the first team squad would increase during the coming season, while 56 per cent said it would remain the same.
Butler called on financial directors to introduce performance rewards for IT managers to improve IT system value.
IT is not serving the needs of many financial directors according to new research by Square Sum.
The company expects the deals to spur further growth as IT managers and financial directors realise the benefits of the system.
The new company helps client firms recruit senior financial managers, including financial directors, financial controllers, company secretaries and accountants.
Just 17 per cent of financial directors at firms surveyed said they had a recruitment freeze in place following the downturn in the global economy.
The report shows that almost 40 per cent of financial directors are responsible for procurement, despite the existence of a purchasing department.

Full browser ?