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CFO (Chief Financial Officer)

Who is and what does CFO (Chief Financial Officer)
CFO (Chief Financial Officer) is used to indicate position of the financial director. 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.

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:

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

Related terms and methods:

Related management field:

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Last update: 13.02.2014
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