Learn More About the Responsibilities and Services Offered by a Chief Financial Officer to a Company A chief financial officer or CFO is a term that refers to the corporate officer whose primary responsibility is to direct and manage any financial risks of the company or corporation that hires them. The two other titles that also refers to a CFO, is FD which stands for finance director, and CFOO which stands for chief financial and operating officer. Specifically speaking, the chief financial officer handles all of the different financial and accounting matters of a company or corporation. A chief financial officer has a lot of different responsibilities, and that includes cash flow, company liabilities, company performance, department supervision, financial relationships, raising or finance capital, record control, shareholder relations, budgeting and expense control, and financial obligations. In terms of cash flow, it is basically the responsibility of the chief financial officer to control the cash flow position of the corporation, including maintaining the integrity of securities, funds and any other valuable documents; and understanding the uses and sources of cash. When it comes to company liabilities, the CFO is typically responsible with the process of understanding all the different kinds of liabilities within the corporation or company. In terms of department supervision, the chief financial officer will act as the supervisor of the finance, the HR, the accounting, and the IT department of a corporation. In terms of financial relationships, the chief financial officer is responsible in maintaining and establishing the lines of communication with financial analysts, investment bankers, and shareholders. When it comes to raising or financing capital, the CFO or chief financial officer is the one who will establish and execute the programs typically designed for the provision of capital that is typically required by the corporation. In terms of record control, the chief financial officer is basically the one who is responsible in in preparing the required financial reports, in providing insurance coverage, in ensuring the maintenance of the appropriate financial records, and in insuring that audits are to be completed in time. In shareholder relations, the CFO is the one who analyzes the company shareholder relations information programs, policies and procedures, and that includes the interim and annual reports to the Board of directors and the shareholders of the company. When it comes to budgeting and expense control, the CFO is responsible in collecting the inputs, comparing the actual performance of the corporation with an estimated budget, and overseeing the budget process. There are absolutely a lot of professionals who works as chief finance officers, and their common services includes strategic planning, capital planning, business restructuring and financial reporting.