Chief Financial Officer

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5 main jobs of CFO
Budgetting, Risks, strategy, financial planning & forecasting
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What is Cost - Benefit - Analysis?
systematic process for calculating/comparing benefits of a project
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Why CBA
Determine if justifiable, feasible investment
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Financial planning
Includes budgetting - How to achieve strategic goals/ types of resources needed (labour, equipment, materials)
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CFOs Are under greater scrutiny because of (6 things)
never ending to cut costs, grow revenue, ensure control, increased compliance, financial restatements
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ROLE 1 of CFO
Steward - preserving assets of the organisation (minimizing risk/getting books right) - need a ROBUST ERP SYSTEM FOR THIS
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ROLE 2 OF CFO
OPERATOR: running a tight finance operation, that is efficient effective,
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ROLE 3 OF CFO
STRATEGIST
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Other cards in this set

Card 2

Front

What is Cost - Benefit - Analysis?

Back

systematic process for calculating/comparing benefits of a project

Card 3

Front

Why CBA

Back

Preview of the front of card 3

Card 4

Front

Financial planning

Back

Preview of the front of card 4

Card 5

Front

CFOs Are under greater scrutiny because of (6 things)

Back

Preview of the front of card 5
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