SunPower Charles (Chuck) D. Boynton (CFO) IS THIS THE BROTHER OR RELATIVE OF STANLEY BOYTON OF GLADES RESTORATION? Chief financial officer From Wikipedia, the free encyclopedia Jump to: navigation, search CFO redirects here. For other uses, see CFO (disambiguation). The chief financial officer (CFO) or chief financial and operating officer (CFOO) is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible[1] for financial planning and record-keeping, as well as financial reporting to higher management. In some sectors the CFO is also responsible for analysis of data. The title is equivalent to finance director, a common title in the United Kingdom. The CFO typically reports to the chief executive officer and to the board of directors, and may additionally sit on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO reports directly to the President/Chief Executive Officer (CEO) and directly assists the Chief Operating Officer (COO) on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding. Contents [hide] 1 Qualification 2 Federal government of the United States 3 Changing role 4 See also 5 External links 6 References Qualification[edit] Most CFOs of large companies have finance qualifications such as an MBA or come from an accounting background such as CA (Chartered Accountant). A finance department would usually contain some accountants with Certified Public Accountant or Certified Management Accountant or equivalent status. The Sarbanes–Oxley Act of 2002, enacted in the aftermath of several major U.S. accounting scandals, requires at least one member of a public companys audit committee to be a financial expert.[2]
Posted on: Mon, 25 Nov 2013 16:53:03 +0000
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