Full Form Of CFO

What is the full form of CFO?

CFO stands for Chief Financial Officer. CFO manages an organization’s finances including financial risk management, financial planning, financial analyzing, and record-keeping. He also supervises data in other fields. CFO is called a Finance Director in the UK and usually reports to the CEO and the Board of Directors. He may also be a member of the board and lead the finance department.

Eligibility criteria to become CFO

• Most CFOs have an MBA, or Master of Science in Finance or Accounting, or are Certified Public Accountants with an accounting background or CFA.
• A finance unit usually includes Certified Public Accountant, CA, Chartered Certified Accountant, and Certified Management Accountant.

Primary duties of CFO

1. Designing and executing the company’s financial strategy
2. Analyzing financial reports
3. Responsible for capital structure and financial operations
4. Reports financial information to the CEO
5. Responsible for creating tax & financial planning approaches
6. Submitting financial reports to the board.
7. Review economic weaknesses and strengths of the company and execute proper actions.