CFO (Chief Financial Officer)

CFO (Chief Financial Officer) is used to indicate a position of the financial director. CFO designation is used especially in American English; in British English, the same position is referred to as Financial Director. Other countries use both of these expressions.

CFO is the manager in an organization, responsible for financial management of the whole organization. The task of CFO is his responsibility for company/organization financial management. He is responsible for financial planning, implementation of financial analysis, treasury management, implementation of cost analysis using various financial indicators and decision making in finance (see the section of Economy and Finance). CFO delegates a part of his authorities and responsibilities to other managers of lower levels.

Together with the CFO, the top management usually includes:

• Director General, also uses the acronym CEO (Chief Executive Officer)
• Director of Operations, also uses the acronym COO (Chief Operating Officer)
• Director of ICT, also uses the abbreviation CIO (Chief Information Officer)
• Director of Personnel, also uses the acronym CHRO (Chief Human Resources Officer)
• Director of Business, also uses the acronym CSO (Chief Sales Officer)

As for CFO, the same as any other manager must meet the appropriate level of managerial skills and can act in more managerial roles.