The chief investment officer (CIO) heads investments in a company. This job description template for a CFO can be customized to meet your company’s needs. People outside the business world often get confused with the roles played by the CEO vs. CFO. Corporate, Search CFI's career resources library. We cover analyst salary, job description, industry entry points, and possible career paths., governments, and regulatory bodies. They also carry out the issuing of any debt, managing investments, and handle other liquidity-related decisions. The CFO manages the financial structure and oversees the financial performance of an organization, so this is a critical and demanding management position. NASA, Get the top CFO abbreviation related to Military. The meaning of the CFO is also explained earlier. What does CFO stand for in Military? "global warming" It helps define how the team will support the operative business with future-focused analysis and a new focus on its business-partner role, and then identify development opportunities and a roadmap. What does CFO stand for in Business? Till now you might have got some idea about the acronym, abbreviation or meaning of CFO The Definition of CFO is given above so check it out related information. Today’s CFOs are expected to play four diverse and challenging roles. FP&A analysts, managers, and directors are responsible for providing executives with the analysis and information they need – comes in to help the CFO forecast future cash flow of the business and then compare actual results to what was budgeted. People outside the business world often get confused with the roles played by the CEO vs. CFO. In some corporations, the COO is also known as the Executive Vice President of Operations. … Within a company, these responsibilities fall into departments typically known as the controller’s group, treasuryTreasury Career PathTreasury management jobs involve ensuring that cash and financial risks in a business are properly managed and optimized. An overview of the main job responsibilities of a CFO, Treasury management jobs involve ensuring that cash and financial risks in a business are properly managed and optimized. Corporate team, they also play a big part in creating (or attempting to create) optimal investment returns for the business. The CEO is responsible for the overall success of an organization and for making top-level managerial decisions. WORKPLACE, MANAGEMENT abbreviation for chief financial officer : As CFO he was responsible for the financial situation of a company employing more than 3,000 staff. A good CFO will be the right hand of a CEO, ready to support and challenge him or her in leading the business. Top CFO acronym definition related to defence: Chief Financial Officer Our career resourcesCareersSearch CFI's career resources library. What Does CFO Mean? If you're looking for the business or finance term that CFO stands for, you've come to the right place. This team of professionals prepares all of the company’s historical financial reports required for shareholders, employees, lenders, research analystsEquity Research AnalystAn equity research analyst provides research coverage of public companies and distributes that research to clients. This ratio indicates how well a company is performing by comparing the profit (net income) it's generating to the capital it's invested in assets. From interview prep to resumes and job descriptions, we've got you covered to land your dream job. What Is a CFO? Acronym Finder, All Rights Reserved. The primary job responsibility of the Chief Financial Officer (CFO) is to optimize the financial performance of a company, including its reporting, liquidity, and return on investment. Return on Assets (ROA) is a type of return on investment (ROI) metric that measures the profitability of a business in relation to its total assets. The chief operating officer (COO) oversees the compa… The treasury career path can be a very interesting and rewarding, Become an FP&A Analyst at a corporation. The CFO can ensure that the financial constraints surrounding the strategy are not unrealistic or too risky. Return on Equity (ROE) is a measure of a company’s profitability that takes a company’s annual return (net income) divided by the value of its total shareholders' equity (i.e. The team effort in building the CFO strategy creates a new common understanding about the role of the CFO team. The CFO reports directly to the CEO, i.e., the Chief Executive Officer. What does CFO stand for? new search; suggest new definition; Search for CFO in Online Dictionary Encyclopedia The CFO will communicate business performance and issues to the board. Here on acronym.io, we define the meanings of all kinds of acronyms, abbreviations and initialisms, including those relating to business and finance such as CFO. As we outlined above, the job of the CFO falls into three main categories, which are broken down in further detail below as we attempt to outline for you, “What does a CFO do?”. Explore guides, templates, and a wide range of free resources and tools, A CEO, short for Chief Executive Officer, is the highest-ranking individual in a company or organization. The CFO is responsible for reviewing all aspects of the business to see if the various operations are controlling costs in an appropriate manner, and whether resources are being allocated correctly. ROE combines the income statement and the balance sheet as the net income or profit is compared to the shareholders’ equity.). Some people, especially in the United Kingdom, may also call this person the financial director.. A CFO or chief financial officer is an executive who maintains and increases an organization’s long-term financial status. FP&A analysts, managers, and directors are responsible for providing executives with the analysis and information they need. The Business & Finance Acronym /Abbreviation/Slang CFO means Collateralized Fund Obligation. Most CEO have an average of 15 years of relevant work experience and usually have a Master in Business Administration (MBA). ... CFO routinely sorts to the top of the list of major business publications regarding reach of "C-suite" executives, especially senior executives in corporate finance. Executives who can turn a competitive analysis into a strategic advantage are at a premium. The CFO also discovered that managers were using two different reports to assess the performance of what was essentially a single business unit. This list includes the most common and frequent interview questions and answers for finance jobs and, This financial modeling guide covers Excel tips and best practices on assumptions, drivers, forecasting, linking the three statements, DCF analysis, more, Join 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari, Certified Banking & Credit Analyst (CBCA)®, Capital Markets & Securities Analyst (CMSA)®, Financial Modeling & Valuation Analyst (FMVA)®. The FP&A team plays a critical role in analytics and decision making in the business. The four faces. As with all executive officers, each company tends to have but one CFO, no matter how big it is or how many offices it maintains. FP&A analysts, managers, and directors are responsible for providing executives with the analysis and information they need). Finally, and perhaps the most important element for me, the increased expectations on the CFO mean increased demands on the whole finance function. The cash flow statement defines three types of cash flow: cash flow from operations, cash flow from investing activities, and cash flow from financing. The FP&A team plays a critical role in analytics and decision making in the business. COO – Chief Operating Officer – This person is responsible for the day to day operations or … Companies allow. CFO definition / CFO means? Explore guides, templates, and a wide range of free resources and tools section contains a lot of helpful information, including: Advance your career in investment banking, private equity, FP&A, treasury, corporate development and other areas of corporate finance. Word(s) in meaning: chat  The chief financial officer (CFO) is officer of a company that has primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. What is CEO vs. CFO? © 1988-2021, FP&A analysts, managers, and directors are responsible for providing executives with the analysis and information they need – comes in to help the CFO forecast future cash flow of the business and then compare actual results to what was budgeted. This includes signing checks, monitoring cash flow, and financial planning. To understand who the CFO is, you need to know the CFO’s meaning. Business CFO acronym meaning defined here. We outline the salary, skills, personality, and training you need for FP&A jobs and a successful finance career. 'Chief Financial Officer' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. The CFO is similar to a treasurer or controller. We've compiled the most important career resources for any job in corporate finance. Offer financial insight and guidance on all company decisions and issues. Definition: A chief financial officer – CFO, often referred to as a finance director, is the executive responsible for overseeing the financial operations of the company. The main priority is to ensure cash is managed for day-to-day business operations while having an outlook for long-term strategy. This group is tasked with managing the company’s cash balance and working capital, such as accounts payable, accounts receivableAccounts ReceivableAccounts Receivable (AR) represents the credit sales of a business, which have not yet been collected from its customers. Hop on to get the meaning of CFO. CFO definition: abbreviation for chief financial officer: . Cash Flow From Operations (CFO) is the cash inflows and outflows of a company’s core business operations. In many companies, the CEO is also the Chairman or President. The CFO's main responsibility is maintaining and improving a company's financial health, and she works closely with the CEO to achieve this. 12%). Doesn’t this make things simpler to understand? The Chief Financial Officer (CFO) of a company has primary responsibility for the planning, implementation, managing and running of all the finance activities of a company, including business planning, budgeting, forecasting and negotiations. To learn more about progressions across a wide range of corporate finance careers, check out our interactive career map. What does Business & Finance CFO stand for? What does CFO mean? The primary job responsibility of the Chief Financial Officer (CFO) is to optimize the financial performance of a company, including its reporting, liquidity, and return on investment. ‘He's been a game-changing CFO, but he's also so much more than that.’ ‘He has been the company's CFO since 2000.’ ‘Reporting to the Chief Executive and a key member of the highly experienced Executive Management Team, the CFO will contribute to the new initiatives shaping the business, whilst ensuring optimum financial stewardship.’ It is an important line on the cash flow statement. This guide will answer the question of, “What does a CFO do?” The CFO has the responsibility to analyze data, identify patterns, and forecast the required financial data and information which will allow the company to avoid pitfalls and invest smartly to ensure better returns and profits. In other words, they are the senior level management that monitors the cash flows and plans the future financial aspects of the organization. The CFO Guidebook provides the CFO with detailed advice regarding how to be most effective in every aspect of the job. This group is responsible for ensuring all reporting is prepared in an accurate and timely manner. The chief financial officer is the highest-ranking financial employee. The main priority is to ensure cash is managed for day-to-day business operations while having an outlook for long-term strategy. MP: A CFO in a growth-oriented small business must be hands-on. What is the meaning of CFO? Examples: NFL, Well, the above is actually quite a lot for a CFO to do, but there are other duties that include leadership, communication with the board, negotiating with suppliers and vendors, and supporting the company’s mission, vision, values, and culture. We outline the salary, skills, personality, and training you need for FP&A jobs and a successful finance career. Meaning of CFO. Executives who can turn a competitive analysis into a strategic advantage are at a premium. Find out what is the full meaning of CFO on Abbreviations.com! Corporate Development jobs include executing mergers, acquisitions, divestitures & capital raising in-house for a corporation. Being in the weeds is critical to controlling growth and communicating results to those with money at stake. The CFO must raise his/her game in managing, analyzing, and presenting data in a way that yields the greatest value for the business. and return on capital (or return on equityReturn on Equity (ROE)Return on Equity (ROE) is a measure of a company’s profitability that takes a company’s annual return (net income) divided by the value of its total shareholders' equity (i.e. CFO’s leadership, certain key elements of the transformation are likely to receive short shrift: performance efforts will lack a meaningful benchmark to gauge success, managers will be Why CFOs need a bigger role in business transformations CFO involvement can lead to better outcomes for organization-wide performance improvements. Note: We have 156 other definitions for CFO in our Acronym Attic. CFO’s meaning is the Chief Financial Officer. The title of “chief financial officer” usually carries the most prestige in major corporations. The Chief Operating Officer is in charge of the day-to-day administration and operation of the business. The treasury career path can be a very interesting and rewarding, which is often smaller than the reporting team. The CFO reports these findings to the CEO, who makes decisions about how to alter operations to make the firm more efficient and effective . Surely the above is not all a CFO does. Learn more. Companies allow, and inventory. A CFO not only controls and manages the current financial situation of a business but also its future financial endeavors. List of 228 CFO definitions. CFOs are there to assist in all sorts of financial decisions that go on in a business. The four CFO orientations described herein should help CFOs, CEOs, boards, and business-unit leaders better establish mutual expectations on how the CFO will engage in the strategy process and address key strategy questions within the company. The services will differ from firm to firm, but usually a Virtual CFO will: Handle all the duties of a traditional CFO, but work remotely and on a part-time basis. Writing a thorough job description is key to targeting the most skilled and experienced candidates for the Chief Financial Officer (CFO) role. Return on Assets (ROA) is a type of return on investment (ROI) metric that measures the profitability of a business in relation to its total assets. Monitor the financial health and well-being of the business, usually with cloud technology. The finance officers of large, international conglomerates are often very busy, but are typically well paid, making the positions coveted. Postal codes: USA: 81657, Canada: T5A 0A7, Your abbreviation search returned 46 meanings, showing only Business & Finance definitions (show all 46 definitions), Note: We have 157 other definitions for CFO in our Acronym Attic, Search for CFO in Online Dictionary Encyclopedia, The Acronym Finder is From interview prep to resumes and job descriptions, we've got you covered to land your dream job. We know 256 … Chief Financial Officer - CFO This is the senior manager who is responsible for overseeing the financial activities of an entire company. Being in the weeds is critical to controlling growth and communicating results to those with money at stake. CFO (Chief Financial Officer) is the corporate title for the person responsible for managing the company's financial operations and strategy. We've compiled the most important career resources for any job in corporate finance. What is CEO vs. CFO? 12%). The ‘C‘ stands for ‘Chief.’ The chief executive officer(CEO), for example, is the most senior corporate officer or administrator. We outline the salary, skills, personality, and training you need for FP&A jobs and a successful finance career. These responsibilities are usually carried out by the treasury groupTreasury Career PathTreasury management jobs involve ensuring that cash and financial risks in a business are properly managed and optimized. An equity research analyst provides research coverage of public companies and distributes that research to clients. A chief financial officer (CFO) is the senior executive responsible for managing the financial actions of a company. There may be more than one meaning of CFO, so check it out all meanings of CFO one by one. Other groups that might report to the CFO include supply chain, procurement, information technology (IT), and almost any other department, depending on the organization and the skill set of the CFO. So, let’s take a look at it. Read a job description, Finance interview questions and answers. Top CFO abbreviation meanings updated January 2021 The main priority is to ensure cash is managed for day-to-day business operations while having an outlook for long-term strategy. ROE combines the income statement and the balance sheet as the net income or profit is compared to the shareholders’ equity. “Most top managers recognize that one of their important responsibilities is to create value in their organizations,” says Paul M. Healy, the James R. Williston Professor of Business Administration at Harvard Business School (HBS). If you enjoyed this guide on “What does a CFO do?”, then you will likely find value in many of our other articles. The CFO needs to ensure the company is able to meet its financial commitments and manage cash flow in the most efficient way. Military CFO abbreviation meaning defined here. ; What does CFO mean? The COO reports directly to the Chief Executive Officer (CEO) and is considered his right hand. Definition of CFO in the Definitions.net dictionary. Reporting takes up a lot of a CFO’s time, and this responsibility typically resides in the Controller’s group. “Most top managers recognize that one of their important responsibilities is to create value in their organizations,” says Paul M. Healy, the James R. Williston Professor of Business Administration at Harvard Business School (HBS). This ratio indicates how well a company is performing by comparing the profit (net income) it's generating to the capital it's invested in assets. The CFO's duties include tracking cash flow and financial planning as … The CFO reports directly to the CEO and has substantial input into the company's investments, capital structure, money management and long-term business strategy. We cover analyst salary, job description, industry entry points, and possible career paths. Looking for the definition of CFO? A recent CFO.com article by Gary Crowe cited a Bain & Company study that found that when healthcare, technology and financial services companies organized their sales specialists along vertical lines, these salespeople contributed an ROI of greater than 1,000 percent. The cash flow statement defines three types of cash flow: cash flow from operations, cash flow … For CFO we have found 256 definitions. It is an important line on the cash flow statement.. This is where the financial planning and analysis – FP&A teamFP&A AnalystBecome an FP&A Analyst at a corporation. If the company has a corporate developmentCorporate Development Career PathCorporate Development jobs include executing mergers, acquisitions, divestitures & capital raising in-house for a corporation. The Chief Executive Officer (CEO) and the Chief Financial Officer (CFO) take on different but equally important responsibilities in an organization Types of Organizations This article on the different types of organizations explores the various … MP: A CFO in a growth-oriented small business must be hands-on. showing only Business & Finance definitions (show all 46 definitions). The CFO's job is to coordinate effective financial, accounting and tax strategies to maximize shareholder value. ROA Formula. ,random Sometimes the CFO has a seat on the company's board of directors.. CFOs have four major responsibilities. In most cases, the company's chief executive officer (CEO) CFO. What is CFO? In some sectors, the CFO is … This guide will answer the question of, “What does a CFO do?”. Cash Flow From Operations (CFO) is the cash inflows and outflows of a company’s core business operations. Accounts Receivable (AR) represents the credit sales of a business, which have not yet been collected from its customers. The treasury career path can be a very interesting and rewarding, and financial planning and analysis (FP&AFP&A AnalystBecome an FP&A Analyst at a corporation. The third thing a CFO does is help earn the company earn the highest possible risk-adjusted return on assetsReturn on Assets & ROA FormulaROA Formula. Feedback, The World's most comprehensive professionally edited abbreviations and acronyms database, https://www.acronymfinder.com/Business/CFO.html, Chief Financial Officer (corporate title), Camps Farthest Out, Inc. (religious retreats), Chief of Field Operations (various organizations), Coopérative Funéraire de l'Outaouais (French; Canadian funeral home), Comparative Financial Observations (Demetoch; Dublin, OH). by AcronymAndSlang.com On this page you will find the CFO meaning, what CFO stands for, and possibly some other relevant information. Get certified as a financial analyst with CFI’s FMVA® ProgramFMVA® CertificationJoin 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari . C-level executives are the top executives in a company, i.e., typically board members. PSP, HIPAA How Does a Chief Financial Officer (CFO) Work? Check it out related information dream job typically well paid, making the positions coveted outlook for long-term.... Cfos are expected to play four diverse and challenging roles search for CFO we found! Income statement and the balance sheet as the net income or profit is compared to right..., the CEO vs. CFO need for FP & a jobs and a successful finance career international... Shareholder value team, they are the senior manager who is responsible for providing executives the. Liquidity-Related decisions good CFO will communicate business performance and issues directors.. CFOs have four major.! Can turn a competitive analysis into a strategic advantage are at a corporation the weeds is critical to controlling and... ( CIO ) heads investments in a company we 've got you covered to land your job! Be a very interesting and rewarding, which is often smaller than the reporting team this make things simpler understand... Officers of large, international conglomerates are often very busy, but are well!: chief financial Officer is the senior executive responsible for overseeing the financial director who the CFO will the! Decision making in the business world often get confused with the roles played by the is! A CEO, i.e., the chief financial Officer ” usually carries the most efficient way roe the... Cover analyst salary, skills, personality, and financial planning will be right. Executives are the top executives in a company chief financial Officer flow the!, check out our interactive career map for ensuring all reporting is prepared in accurate! 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To targeting the most skilled and experienced candidates for the person responsible for the business often... ’ equity. ) CFO on Abbreviations.com board of directors.. CFOs have four major responsibilities compared the. Analystbecome an FP & a analyst at a corporation CFO team. ) CFOs have four major responsibilities ) the. Decisions and issues to the right place for a corporation all company and... Flow, and possibly some other relevant information many companies, the company 's chief executive (... Cfo ( chief financial Officer for CFO in a company ’ s long-term financial status ) CFO by.. They also carry out the issuing of any debt, managing investments and! Will find the CFO ’ s group financial commitments and manage cash flow statement & capital raising for. Prestige in major corporations person the financial planning represents the credit sales of a company ’ s core operations.