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प्रश्न
Explain the following Term/Concept:
Chief Financial Officer
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उत्तर
(1) Chief financial officer (CFO) is the officer of a company that has primary responsibility for managing the company’s finances which include financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors of the economy, CFO is also held responsible for the analysis of financial data. He helps in analyzing and recognizing the company‘s financial strengths and weaknesses.
(2) CFO is required to provide accurate and timely financial information to the company for the decision-making process. He may be appointed as a permanent employee in the rolls of the company or for a certain period of time on a contractual basis. He need not be the director of the company. He is required to sign audited financial statements of the company.
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