CFO - a man who intended to maximize profits from the business and its value.He participates in the management of a particular company, working with higher-level control and make their contribution to the solution of tasks set by the company.So, what are the main functions and responsibilities of the CFO?
first group of functions such employee - strategic planning and forecasting activities of the enterprise.The CFO must evaluate the sources of financing of the company, the risks of development, the effectiveness of cooperation with funding sources, and so on.This solution takes the financier is not alone: all the important issues are resolved with the owners and managers of the company.
As for the organizational activities of the financial director, the specialist manages his department and coordinates the interaction with other structural subdivisions of the enterprise.Because all departments of the company should actively cooperate, these charges are the CFO considered very important.
In addition, the main financier of any enterprise shall perform the functions associated with the tactical and operational activities.These responsibilities include the management of the sources of funds, financial management, and current assets, the development of tax policy of the enterprise and its implementation, the provision of information users (data processing and preparation of financial statements), the planning of the company in terms of finance, control of economic security, ensuring its efficient operation.Naturally, all of the above obligations relating to the tactical and operational sphere, have a number of nuances and additional features that, in turn, may vary depending on the direction of a particular company and its features.
As a rule, the CFO responsibilities enshrined in the relevant documents with the organizational and legal status.In most cases, the financier carries out its activities under the supervision of the CEO.It often happens that the views of these employees may disagree that the causes of conflict and disagreement.In large companies, the CFO can comply with both the CEO and the board of directors.In this case, all that has been Chief Financial Officer (duties) are clearly specified in the instructions.
Currently, financial management in large companies plays an important role, so the experts in this area are very popular.If such a position is not available, the CFO responsibilities can be distributed between the director, accountant and heads of departments, but the fact that these functions should be carried out, the fact remains.Is there a CFO in the company depends not so much on its size, but on the strategic plans.If we compare the position of the financier to other positions within the company, it has appeared not so long ago.First, the employee manages financial flows, but with the development of business and expanded his responsibilities began to follow the traditions of foreign practice.
