What Does a CFO Do?

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What is a CFO?

A chief financial officer (CFO) is the senior executive responsible for managing the financial actions and strategies of a company.

What does a CFO do?

The primary responsibility of the Chief Financial Officer is managing the company’s finances, including financial planning, management of financial risks, record-keeping, and financial reporting.

What does a CFO do in a startup?

At a startup the role of CFO can go well beyond managing the companies finances. The CFO must layout the growth path of the company, create core financial processes and establish company-wide KPIs to create accountability.

What is the difference between a controller and a CFO?

The controller focuses on compliance and historical financial results, while the CFO focuses on strategy, planning and implementing a growth plan.

What does a CFO do on a daily basis?

The CFO oversees the operations of the business, makes sure the company and departments are staying withing budget, continuously forecasts based on actual financial data and monitors cash flow.

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