Chief Financial Officer

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The Chief Financial Officer (CFO) is a corporate officer responsible for managing the company’s financial operations. This officer is also responsible for all accounting functions including credit control, budgeting and financial reporting, coordination of financing and funding, expenditure and liquidity, monitoring and management of investment and tax issues, provide timely reports to the board, and providing timely financial data to the Chief Executive Officer (CEO). In some sectors the CFO is also responsible for analysis of data. CFOs with the current organization were limited mainly to provide financial data aggregation from senior management responsibility for external and internal organization. There is minimum part of the CFOs in…show more content…
Instance, CFO should have financial related information to facilities understanding of option to resolve complex problem (Auditor General Victoria, 2004, pp.3). “Besides that, a good CFO demonstrates strong leadership and strategic vision within the financial department and with whole management team. At minimum, he or she must have the respected and support of the financial team, be a good motivator, and be necessary” (Marc Pfefferle, 2013).
As the responsibilities and influence of the CFO change, it is also important that the CFO effectively communicates on financial matters, and has effective sale skills of negotiation (Auditor General Victoria, 2004, pp.3). “A CFO who works reliably under pressure to produce punctually, accurate information but being a nice person is not enough. The old saying, “if you’re not part of the solution you’re part of the problem” is never more true than it is of a CFO involved in a turnaround” (Marc Pfefferle, 2013).
One important role of CFO that author state is the strategic application of technology, utilities technology to strategic advantage. For example, the use of electronic business opportunities such as on-line communication with customer and suppliers provide opportunities for organization to become more efficient and e-commerce (Auditor General Victoria, 2004, pp.5).
A communication skill
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