Learn More About the Responsibilities and Services Offered by a Chief Financial Officer to a Company CFO is an abbreviated term that stands for chief financial officer, and it is defined as a corporate officer who is primarily responsible in managing any financial risks of the corporation or company. 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. The different kinds of accounting and financial matters within a corporation or company is being handled by a chief financial officer. The common responsibilities of a chief financial officer or CFO to the corporations or companies that hires their services includes financial obligations, cash flow, company liabilities, company performance, department supervision, financial relationships, raising or finance capital, record control, shareholder relations, and budgeting and expense control. When it comes to cash flow, the CFO is the one who controls the cash flow position, and that typically includes maintaining the integrity of other valuable documents, funds and securities, and understanding the sources and uses of cash within the company. In terms of company liabilities, the chief financial officer is the one who understands all of the liabilities owned by the corporation or company, and that is basically due to the fact that a company has a lot of leases, insurance summaries, legal contracts, and statutory and tax obligations which is in the form of contingencies. 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. When it comes to record control, the CFO has the responsibility to prepare the required financial reports, to insure that the audits are to be completed in time, to ensure that the maintenance of the appropriate financial records, and to provide insurance coverage. In terms of shareholder relations, the chief financial officer is the one who is responsible in analyzing the corporation shareholder relations procedures, policies and information programs, and that basically includes the annual and the interim reports to the shareholders and the board of directors of the corporation. In budgeting and expense control, the CFO is the one who oversees the budget process, the one who compares the actual performance of the company with an estimated budget, and the one who collects the inputs. 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.