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All About the Services and Responsibilities Offered by a Chief Financial Officer CFO is an abbreviated term that stands for chief financial officer, and it is defined as a corporate officer who is primarily responsible in managing any financial risks of the corporation or company. The two other titles that also refers to a CFO, is FD which stands for finance director, and CFOO which stands for chief financial and operating officer. To be more specific, a CFO handles the different types of accounting and financial matters of a corporation or company. A chief financial officer has a lot of different responsibilities, and that includes cash flow, company liabilities, company performance, department supervision, financial relationships, raising or finance capital, record control, shareholder relations, budgeting and expense control, and financial obligations. In cash flow, it is the responsibility of the CFO to control cash flow position within the company, and that includes understanding the uses and sources of cash, as well as, maintaining the integrity of securities, funds and any other valuable documents. In company liabilities, the CFO is responsible with the act of understanding all of the liabilities of the company or corporation, and that is due to the fact that a company has many statutory and tax obligations, leases, insurance summaries, legal contracts, and hidden liabilities in the form of contingencies. In terms of department supervision, the chief financial officer will act as the supervisor of the finance, the HR, the accounting, and the IT department of a corporation. When it comes to financial relationships, the CFO is basically responsible in establishing and maintaining the lines of communication of the shareholders, investment bankers and financial analysts of the corporation or company. In raising or finance capital, the CFO is the one who execute and establish any programs for the provision of capital being required by the company or corporation. In record control, the CFO is responsible in insuring that audits are to be completed in time, in preparing required financial reports, in providing insurance coverage, and in ensuring the maintenance of the appropriate financial records. In shareholder relations, the CFO is the one who analyzes the company shareholder relations information programs, policies and procedures, and that includes the interim and annual reports to the Board of directors and the shareholders of the company. In terms of budgeting and expense control, the chief financial officer is responsible in overseeing the budget process, collecting the inputs, and comparing the actual performance of the corporation with an estimated budget. There are definitely a lot of CFOs in every parts of the world, and some of their common services includes business restructuring, financial reporting, strategic planning, and capital planning.

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