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:
When does a company need a CFO?
Why has the role increased in importance and scope in recent years?
What are the key aspects to the role beyond management of the company’s finances?