The Modern CFO - Guardian Of Financial Risk Management
A CFO is a financial executive responsible for meeting the company's financial goals. The CFO oversees the company's budgeting, planning, and resource allocation processes; conducts economic analyses; manages risk management; monitors performance indicators; monitors cash flow streams; reviews internal controls and audit procedures; coordinates with outside auditors regarding matters related to accounting standards or interpretations of applicable laws or regulations.
Working closely with corporate treasury
Corporate treasury is the department that manages your company's cash flow, including payments to suppliers and vendors. Corporate treasurers work closely with finance officers to ensure their companies have sufficient funding for operations and capital expenditure projects.
Focus on the long term
A modern CFO must be able to see the big picture and the impact of decisions in the long term. CFO needs to evaluate any determination regarding its short-term and long-term consequences and financial implications for an organization.
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