For a company to exist, it must demonstrate exceptional management of finance. This is where the Chief Financial Officer or a CFO comes into picture. A CFO is a corporate officer who ensures the execution of financial management operations in a company. This title is equivalent to that of a Finance Director. Before we understand the role of a CFO, we need to understand what a business or a company means. An enterprise is a social and economic structure that brings together human and material resources, and aims to provide goods and services to customers who may be individuals or companies.
[...] In addition to improving the financial performance of the business, the work involved targeting financial communications and market capitalization of that company Qualifications The CFO must be an individual versatile with: sense of responsibility abilities to manage different teams and services forecasting abilities strong communication skills control on IFRS international accounting standards 7. Wages The CFO has an average salary that varies with the size of a business enterprise. In general, the salary is between 50,000 euros and 70,000 euros. [...]
[...] Place and relationship within the company In a company, the Chief Financial Officer (CFO) is under the authority of the Director General. The CFO may lead a team of fifty people, consisting of several services. The jurisdiction of CFOs extends beyond their traditional boundaries. They are involved in most of the business processes, irrespective of whether they are financial processes or business process, for example the information systems, risk management, procurement etc. Depending on the nature of the process, the role of Chief Financial Officers alternate between that of a player, controller, or even an opponent (if they have a right of veto). [...]
[...] Based on these criteria, the company sets up a financial policy to finance its economic policy carefully. The company may use different types of financing: Cash Flow Financing capital increase Bank loan Borrowing In a company, it is the CFO who makes all the decisions related to financial transactions. II The profession of the Chief Financial Officer 1. Presentation of business The Chief Financial Officer or CFO of an enterprise or institution oversees the financial management of an organization. This includes managing financial planning, signing checks and monitoring cash flows. [...]
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