Five responsibilities of the Chief Financial Officer

As the Chief Financial Officer (CFO) you are responsible to the company’s Board of

directors for all accounting and financial matters.

 The primary responsibility of the CFO is to control the cash flow position throughout the company. It is vital for the company to maintain the integrity of funds

because cash is a king and the most important asset for any company.

 The second responsibility is to know and understand the company’s liabilities. It is important for the CFO to know the ratio of debt of his company to estimate what

proportion of debt of his company relative to its assets. The CFO must aware of the

contracts, statutory ,tax obligation of his company and the expectations of the loan.

 The CFO must understand and gauge the company performance in order to determine the strategy to become a very big, competitive and successful company and

to generate customer value. The CFO must use different tools like financial ratio to

determine the company’s expectation and the financial performance.

 The CFO is in charge to elaborate the budget and expense control of his company Because budget is a fact of the life, the CFO is responsible for overseeing the budget

process, collecting the inputs and comparing the company’s actual performance with the

budget.

 The CFO should maintain and create financial relationship with investment

bankers, financial analysts and shareholders. The company would need to borrow

money from banks so it is important to have a good relationship with