What Does CFO Mean in a Text?
The Quick Answer
The CFO (Chief Financial Officer) is a senior executive whose job is to coordinate the financial, accounting and tax strategies to optimize the company's value. (It is not unusual for the CFO to have a seat on the company's board of directors.)More Detail...
The CFO's main responsibilities are:- To create robust financial plans and to oversee the annual budgeting process.
- To protect the shareholders' financial interests by balancing debt and equity and reducing capital costs.
- To oversee the accounting and tax processes by planning ahead and ensuring accurate records are maintained.
- To provide feedback on the company's performance to regulatory bodies and stakeholders.
- To act as the personnel manager for the staff from the accounting, payroll, insurance, and financial-analysis departments.
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When I write CFO, I mean this:
A CFO's job is to coordinate the financial, accounting and tax strategies to maximize company value.
Summary of Key Points
We have summarized the key points in the table below:CFO | |
---|---|
Definition: | Chief Finance Officer |
Type: | Abbreviation |
Guessability: | 2: Quite easy to guess |
Typical Users: | Adults |
Examples of CFO in Sentences
Here are examples of CFO in sentences:- Our CEO is also the CFO.
- Please help the CFO with the financial risks register.
An Academic Look at CFO
CFO is used as a noun. When the term is expanded, it is a noun phrase based on the common noun Officer. The words Chief and Financial are attributive adjectives modifying Officer.Example of CFO Used in a Text
CFO
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