What is the CFO?
The CFO is someone who oversees the finances of the organization, business, institutions or agencies. Someone who holds this position can also be described as CFO (CFO). Its task is to ensure that the finances are maintained in order and to disclose information on financial issues to other members of the organization and the general public, in the case of the financial directors working for organizations that are responsible to the public or shareholders. Concerns about creative accounting in the corporate world have led some nations to require the CFO or at least one member of the Board of Directors to keep the qualification of accountants. This is designed to ensure that people with accounting expertise are involved in decisions that have an impact on the company's accounting procedures.
Finance directors control financial risks, help people who work for investment, wisely and intelligently manage their finances. They also deal with questions such as long -term financial planning, financial records, dissolvesObsering and issuing financial reports as required by the Convention or by law. Financial directors usually belong to the Board of Directors, claiming to the Council when they decide or have recommendations, and the CFO is responsible if the company is audited and its financial practices are questioned.
The work skills required by the CFO is diverse. They must be good with money, but they must also have excellent people's skills to communicate on financial issues and cooperate with other members of their organizations to achieve goals. They must also be familiar with the laws that work for the organizations they work for and with industrial accounting standards and procedures. This work also requires attention to details, perception that deals with different people and situations and the ability to make difficult decisions that are in the long -term best interest of the organization, even if they are in the short term Bole BoleStriva.
If the CFO works for the company, its salary is likely to be very good. The remuneration scale is beginning to decline when the financial directors move to the non -profit and government sectors, because the positions in these sectors apply less in general, even if they are equally important. Institutions, such as universities, universities and research facilities, can be offered by financial directors different salaries depending on their size, foundation and politicians in terms of executive and administrative reward.