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All About the Services and Responsibilities Offered by a Chief Financial Officer CFO is an abbreviated term that stands for chief financial officer, and it is defined as a corporate officer who is primarily responsible in managing any financial risks of the corporation or company. A chief financial officer can also be called as a finance director or FD, or a chief financial and operating officer or CFOO. The different kinds of accounting and financial matters within a corporation or company is being handled by a chief financial officer. A chief financial officer has a lot of different responsibilities, and that includes cash flow, company liabilities, company performance, department supervision, financial relationships, raising or finance capital, record control, shareholder relations, budgeting and expense control, and financial obligations. When it comes to cash flow, the CFO is the one who controls the cash flow position, and that typically includes maintaining the integrity of other valuable documents, funds and securities, and understanding the sources and uses of cash within the company. When it comes to company liabilities, the CFO is typically responsible with the process of understanding all the different kinds of liabilities within the corporation or company. In department supervision, the CFO will serve as the supervisor of IT, HR, finance and accounting department of the company. When it comes to financial relationships, the CFO is basically responsible in establishing and maintaining the lines of communication of the shareholders, investment bankers and financial analysts of the corporation or company. When it comes to raising or financing capital, the CFO or chief financial officer is the one who will establish and execute the programs typically designed for the provision of capital that is typically required by the corporation. When it comes to record control, the CFO has the responsibility to prepare the required financial reports, to insure that the audits are to be completed in time, to ensure that the maintenance of the appropriate financial records, and to provide insurance coverage. In terms of shareholder relations, the chief financial officer is the one who is responsible in analyzing the corporation shareholder relations procedures, policies and information programs, and that basically includes the annual and the interim reports to the shareholders and the board of directors of the corporation. In budgeting and expense control, the CFO is the one who oversees the budget process, the one who compares the actual performance of the company with an estimated budget, and the one who collects the inputs. There are a lot of chief finance officers all over the world, and the common services they tend to offer to their clients includes capital planning, business restructuring, financial reporting and strategic planning.

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