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 ?
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.
More than a fifth (22 per cent) of EPL financial directors stated their first team squad would increase, 67 per cent said it would remain the same and 11 per cent replied it would be cut.
Lexmark complied the survey by polling 200 financial directors in December 2003 from companies with turnovers ranging from GBP1m to GBP20m.
Butler called on financial directors to introduce performance rewards for IT managers to improve IT system value.
It's fantastic to see financial directors praising the quality of our partners so highly.
Ross Abbot, financial director at Wydenham Impact said: 'Junk e-mail annoys me intensely as I consider it a gross intrusion on privacy - even in the workplace.
Recruitment of skilled staff is vital to the success of a company and financial directors are investing in the long term future of their organisation by continuing to take on staff.
The report shows that almost 40 per cent of financial directors are responsible for procurement, despite the existence of a purchasing department.
IT is not serving the needs of many financial directors according to new research by Square Sum.
The new company helps client firms recruit senior financial managers, including financial directors, financial controllers, company secretaries and accountants.

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