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Quote of the Day

Management by objective works - if you know the objectives. Ninety percent of the time you don't.

Peter Drucker

CFO

Concept Briefing:

Chief Financial Officer or CFO is the top executive officer primarily responsible for managing the financial risks, financial planning, record-keeping and financial reporting to higher management. The role of CFO in recent years has expanded to encompass communicating financial performance and forecasts to the investor community. The title is equivalent to finance director, commonly seen in the United Kingdom. The CFO typically reports to the Chief Executive Officer, and is frequently a member of the board of directors.

CFO is viewed as strategic business partner of CEO. Both can be seen as distinct and equal-ranking top executive posts in most companies.

A more recent development is for small businesses to hire part-time or outsourced CFOs or for medium-sized companies to hire a temporary CFO until a permanent CFO can be hired.

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