What is CFO?
Definition and meaning of CFO:
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The chief financial officer (CFO) is a person who’s responsible for the company’s financial management.
The role of CFO
The CFO’s primary responsibilities include planning, directing, and coordinating the company’s financial activities. This includes:
- Ensuring that all aspects of the business function properly
- Keeping track of finances
- Allocating resources
- Making sure taxes are paid accurately
- Ensuring compliance with regulations
- Managing staff
- Ensuring that company growth is sustainable
CFOs provide information to the CEO or another executive in charge of finance. They also often sit on the board of directors, which allows them to provide guidance on strategic decisions.