Chief Financial Officer - CFO

Loading the player...

What is a 'Chief Financial Officer - CFO'

A chief financial officer (CFO) is the senior manager responsible for overseeing the financial activities of an entire company. The CFO's duties include financial planning and monitoring cash flow. He or she analyzes the company's financial strengths and weaknesses and suggests plans for improvement. The CFO is similar to a treasurer or controller in that he or she is responsible for overseeing the accounting and finance departments and for ensuring that the company's financial reports are accurate and completed on time.

BREAKING DOWN 'Chief Financial Officer - CFO'

The CFO reports to the president, but has a major say in the company's capital structure, investments and how the company manages its income and expenses. The CFO works closely with other executives and plays a major role in any company's success, especially in the long run. Becoming a CFO requires extensive financial management experience as well as educational credentials in finance and/or accounting.

RELATED TERMS
  1. Chief Investment Officer - CIO

    The executive position responsible for a company's investment ...
  2. Controller

    An individual who has responsibility for all accounting-related ...
  3. Chief Operating Officer - COO

    The senior manager who is responsible for managing the company's ...
  4. Budget Committee

    A group of people that creates and maintains fiscal responsibility ...
  5. Cash Management

    The corporate process of collecting, managing and (short-term) ...
  6. Money Management

    The process of budgeting, saving, investing, spending or otherwise ...
Related Articles
  1. Options & Futures

    Financial Statements: The System

    By David Harper (Contact David)Financial statements paint a picture of the transactions that flow through a business. Each transaction or exchange - for example, the sale of a product or the ...
  2. Fundamental Analysis

    The Basics Of Corporate Structure

    CEOs, CFOs, presidents and vice presidents: learn how to tell the difference.
  3. Professionals

    A Look At What Comptrollers Do

    This article examines a comptroller’s job responsibilities, skill set and formal educational requirements as well as where the job can take you in your career.
  4. Professionals

    What Management Accountants Do

    If you like keeping track of a company's income and expenses but also want to hold a position with significant responsibility and authority, management accounting could be the job for you.
  5. Stock Analysis

    PayPal Poaches CFO from United Continental (PYPL, UAL)

    Newly independent PayPal Holdings (NASDAQ: PYPL) poached a CFO from United Continental Holdings (NYSE: UAL) last week, announcing it has hired away CFO John D. Rainey to join its ranks. Rainey ...
  6. Career Education & Resources

    Treasurer: Career Path & Qualifications

    Learn what it takes to be a modern corporate treasurer, starting from undergraduate study and working up the ladder into a leadership role.
  7. Professionals

    Financial Careers With Excellent Salaries

    There are many lucrative career paths a person with an interest in finance can explore.
  8. Executive Compensation

    Accounting Research Manager: Career Path & Qualifications

    Discover the basic responsibilities of an accounting research manager, the path this career usually takes and the qualifications needed for this career.
  9. Stock Analysis

    National Oilwell Varco Names New CFO (CLR, NOV)

    For nearly four months, oil equipment and services company National Oilwell Varco (NYSE: NOV) has searched for the right candidate to take on the role of chief financial officer. In April, NOV ...
  10. Stock Analysis

    Best Buy Reports Solid Q1, and Its CFO's Exit Plan

    Best Buy (NYSE: BBY) beat its own first quarter 2017 projections Tuesday morning, delivering GAAP diluted earnings per share of $0.69, an improvement from $0.10 last year. The company's performance ...
RELATED FAQS
  1. What does a Chief Financial Officer (CFO) do?

    If you asked any company's CFO this question, you would probably be in for a three-hour conversation. But the core duties ... Read Answer >>
  2. What's the average salary of a chief financial officer (CFO)?

    Learn about the average salary for a chief financial officer (CFO). Includes a detailed examination of total compensation ... Read Answer >>
  3. What are the main communication points between a CFO and a CEO?

    Explore key communication points between CEOs and CFOs. Learn how each of these officers has a fiduciary duty to stockholders, ... Read Answer >>
  4. How are C-suite officers measured on performance?

    Find out how C-suite officers are evaluated. Learn about the evaluation process, what makes traits a CEO should exhibit and ... Read Answer >>
  5. Other than accounting, what does a corporate finance job involve?

    Understand the various levels of positions and titles of a corporate finance job. Learn what a corporate finance job involves ... Read Answer >>
  6. What does financial accounting focus on?

    Learn the main tenets of financial accounting, the guidelines by which it is governed and how outsiders use it to gauge a ... Read Answer >>
Hot Definitions
  1. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  2. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  3. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  4. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  5. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  6. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
Trading Center