Chief financial officer

The chief financial officer (CFO) or chief financial and operating officer (CFOO) is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management. In some sectors the CFO is also responsible for analysis of data. The title is equivalent to finance director (FD), a common title in the United Kingdom. The CFO typically reports to the chief executive officer and to the board of directors, and may additionally sit on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO reports directly to the president/chief executive officer (CEO) and directly assists the chief operating officer (COO) on all strategic and tactical matters as they relate to budget management, cost–benefit analysis, forecasting needs and the securing of new funding.

Qualification

Most CFOs of large companies have finance qualifications such as a Master of Business Administration, Master of Science, or come from an accounting background such as a Certified Public Accountant. A finance department would usually contain some accountants with Certified Public Accountant, Chartered Accountant, Certified Management Accountant, Chartered Certified Accountant, or equivalent status.

CFO (disambiguation)

CFO may refer to:

also:

CFO (magazine)

CFO is a monthly magazine published in the United States. It was launched in 1985 for chief financial officers (CFOs) and other financial executives in companies in the U.S. The Economist Group acquired the magazine in 1988 and sold it in 2010 to the private equity firm Seguin Partners.

It carries a mixture of regional and global content aimed at CFOs and other decision makers in their respective industries. CFO magazine reaches 440,000 individually qualified readers. The magazine is a requested, controlled-circulation title so all registered readers are senior level financial decision makers who have requested the magazine. CFOs circulation is audited by BPA Worldwide with a monthly unique audience of 440,000 users. Advertisers include banks, technology firms, consulting firms, accounting firms, travel services companies, and other companies providing business services.

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