What are the duties of a Chief Financial Officer? (10 marks)

What are the duties of a Chief Financial Officer?

Solutions

Expert Solution

CFO is the chief financial officer and his job is not easy. A good CFO leads the company and takes it to the new heights.

Duties of a Chief Financial Officer- CFO has a whole team and he performs some duties himself and gets some work done through his subordinates and team members. His duties are as following:

His duty is to see and analyze the financial statements and reports time to time.
His duty is to present the key financial statements, i.e. Balance sheet, Income statement and Cash flows to the stakeholders.
His duty is to see the cash management.
His duty is to manage and minimize the financial risk with his team.
He makes the company's financial policies along with other key managers.
He also develops tax strategies
He takes care of the employee's monetary benefit plan and also the cost minimization strategies.
He takes the capital budgeting and investment decisions.
He maintains good relationship with banks and financers.
He makes company's future financial plans

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

Question 3 [10 marks] You are Chief Financial Officer for Alpha Resorts. You are reviewing the...

Question 3 [10 marks] You are Chief Financial Officer for Alpha Resorts. You are reviewing the following transactions: 1. Adding a new patio deck to the resort’s upscale restaurant, R180, 000 2. Painting the ocean side beach houses, R75, 000 3. Purchasing additional golf carts, R25, 000 4. Rebuilding the engine in the resort’s airport shuttle bus, R10, 000 5. Replacing the old air conditioning unit in the golf shop with a more efficient one, R20, 000 Your accountant has...

Question 3 [10 marks] You are Chief Financial Officer for Alpha Resorts. You are reviewing the...

A corporation must appoint a president a chief executive officer chief operating officer and chief financial...

A corporation must appoint a president a chief executive officer chief operating officer and chief financial officer. It must also appoint a planning committee with five different numbers. There are 15 qualified candidates, and officers can also serve on the committee. What is the probability of randomly selecting the committee members and getting the five youngest of the qualified candidates?

Part of your duties as the company's Chief Internal Control Officer (CICO) is to prepare a...

Part of your duties as the company's Chief Internal Control Officer (CICO) is to prepare a bank reconciliation each month to ensure proper accounting and safeguarding of cash. The bank reconciliation involves you comparing information in the bank statement to information in the company's cash records. • At the beginning of the month, both the bank and the company had a beginning cash balance of $23,470. • By the end of the month, the bank statement shows a month-end cash balance of $20,680,...

A corporation must appoint a president, chief executive officer(CEO), chief operating officer (COO), and chief financial...

A corporation must appoint a president, chief executive officer(CEO), chief operating officer (COO), and chief financial officer (CFO). It must also appoint a planning committee with three different members. There are 16 qualified candidates, and officers can also serve on the committee. Complete parts (a) through (c) below. a.) How many different ways can the officers be appointed? There are __ different ways to appoint the officers. b.) How many different ways can the committee be appointed? There are ____...

Larry has been the chief financial officer (CFO) of Maxima Auto Service for the past 10...

Larry has been the chief financial officer (CFO) of Maxima Auto Service for the past 10 years. The company has reported profits each year it's been in business. However, this year has been a tough one. Increased competition and the rising costs of labor have reduced the company's profits. On December 30, Larry informs Robert, the company's president and Larry's closest friend for the past 10 years, that it looks like the company will report a net loss (total expenses...

Write a memo to the chief financial officer (CFO) What are the three broad restrictions on...

Write a memo to the chief financial officer (CFO) What are the three broad restrictions on taxpayer behavior? How do these doctrines affect taxpayer behavior? Is it socially beneficial to have these doctrines?"

What exactly is the leadership roles if "Chief Population Health Officer" and "Chief Expierence Officer? Can...

What exactly is the leadership roles if "Chief Population Health Officer" and "Chief Expierence Officer? Can anyone expand of these two roles ? this role is typically located in the healthcare industry and/or hospital

As chief financial officer, it is your responsibility to weigh financial pros and cons of the...

As chief financial officer, it is your responsibility to weigh financial pros and cons of the many investment opportunities developed by your company's research and development division. You are currently evaluating two competing 15-year projects that differ in several ways. Relative to your firm's current EPS, the first project is expected to generate above-average EPS during the first 5 years, average EPS during the second 5 years,and then below-average EPS in the last 5 years. The second project is expected...

A corporation must appoint a president, chief executive officer (CEO). chief operating (COO), and chief financial...

A corporation must appoint a president, chief executive officer (CEO). chief operating (COO), and chief financial officer (CFO). It must also appoint a planning committee with three different members. There are 13 qualified candidates, and officers can also serve on the committee. Complete parts a through c below. A. How many different ways can the officers be appointed? B. How many different ways can the committee be appointed? C. What is the probability of randomly selecting the committee members and...

Subjects