CFO: 20 years as a chartered accountant & CFO
The Chief Financial Officer has a wide range of responsibilities, beyond the scope of managing the company's finances, many of which Paul discusses in this video. Paul also discusses how the role of the CFO has increased in importance in recent years.
The Chief Financial Officer has a wide range of responsibilities, beyond the scope of managing the company's finances, many of which Paul discusses in this video. Paul also discusses how the role of the CFO has increased in importance in recent years.
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12 mins 50 secs
A CFO is the Chief Financial Officer of a company. Their primary responsibility is to manage the company’s finances, however since the turn of the new Century the role has steadily evolved to be central to a company’s strategic and tactical financial planning, often being perceived as the number 2 alongside the Chief Executive, and increasingly having operational responsibilities beyond core Finance areas, often managing 5-6 non-finance departments e.g. Procurement and Information Technology.
Key learning objectives:
Understand when a company needs a CFO
Understand why the role has increased in importance and scope in recent years
Outline the key aspects of the role beyond management of the company’s finances
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3 key triggers, that may exist simultaneously:
In addition to management of the Finance department, there are 7 key areas the CFO will need to organise:
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