'Chief Financial Officer' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. 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. An equity research analyst provides research coverage of public companies and distributes that research to clients. To learn more about progressions across a wide range of corporate finance careers, check out our interactive career map. … The CFO must raise his/her game in managing, analyzing, and presenting data in a way that yields the greatest value for the business. Hop on to get the meaning of CFO. Finally, and perhaps the most important element for me, the increased expectations on the CFO mean increased demands on the whole finance function. Our career resourcesCareersSearch CFI's career resources library. Acronym Finder, All Rights Reserved. In many companies, the CEO is also the Chairman or President. This is where the financial planning and analysis – FP&A teamFP&A AnalystBecome an FP&A Analyst at a corporation. The CFO needs to ensure the company is able to meet its financial commitments and manage cash flow in the most efficient way. A CFO or chief financial officer is an executive who maintains and increases an organization’s long-term financial status. We cover analyst salary, job description, industry entry points, and possible career paths. ‘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.’ "global warming" Sometimes the CFO has a seat on the company's board of directors.. CFOs have four major responsibilities. Learn more. 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. Cash Flow From Operations (CFO) is the cash inflows and outflows of a company’s core business operations. We've compiled the most important career resources for any job in corporate finance. by AcronymAndSlang.com In some sectors, the CFO is … The Chief Operating Officer is in charge of the day-to-day administration and operation of the business. We know 256 … The CFO will communicate business performance and issues to the board. The finance officers of large, international conglomerates are often very busy, but are typically well paid, making the positions coveted. The chief operating officer (COO) oversees the compa… Business CFO acronym meaning defined here. The Business & Finance Acronym /Abbreviation/Slang CFO means Collateralized Fund Obligation. This group is responsible for ensuring all reporting is prepared in an accurate and timely manner. 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. Meaning of CFO. ; What does CFO mean? Accounts Receivable (AR) represents the credit sales of a business, which have not yet been collected from its customers. C-level executives are the top executives in a company, i.e., typically board members. 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. “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). 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. If you're looking for the business or finance term that CFO stands for, you've come to the right place. MP: A CFO in a growth-oriented small business must be hands-on. Till now you might have got some idea about the acronym, abbreviation or meaning of CFO Looking for the definition of CFO? The CFO reports these findings to the CEO, who makes decisions about how to alter operations to make the firm more efficient and effective . What is CEO vs. CFO? What Is a CFO? From interview prep to resumes and job descriptions, we've got you covered to land your dream job. The main priority is to ensure cash is managed for day-to-day business operations while having an outlook for long-term strategy. 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. Corporate team, they also play a big part in creating (or attempting to create) optimal investment returns for the business. Surely the above is not all a CFO does. 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 Chief Financial Officer - CFO This is the senior manager who is responsible for overseeing the financial activities of an entire company. PSP, HIPAA “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). The cash flow statement defines three types of cash flow: cash flow from operations, cash flow from investing activities, and cash flow from financing. CFOs are there to assist in all sorts of financial decisions that go on in a business. What does Business & Finance CFO stand for? If you enjoyed this guide on “What does a CFO do?”, then you will likely find value in many of our other articles. What is the meaning of CFO? We outline the salary, skills, personality, and training you need for FP&A jobs and a successful finance career. The meaning of the CFO is also explained earlier. Writing a thorough job description is key to targeting the most skilled and experienced candidates for the Chief Financial Officer (CFO) role. They also carry out the issuing of any debt, managing investments, and handle other liquidity-related decisions. Being in the weeds is critical to controlling growth and communicating results to those with money at stake. FP&A analysts, managers, and directors are responsible for providing executives with the analysis and information they need). The FP&A team plays a critical role in analytics and decision making in the business. Word(s) in meaning: chat  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. CFO definition / CFO means? On this page you will find the CFO meaning, what CFO stands for, and possibly some other relevant information. 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. Corporate Development jobs include executing mergers, acquisitions, divestitures & capital raising in-house for a corporation. A good CFO will be the right hand of a CEO, ready to support and challenge him or her in leading the business. What does CFO stand for in Business? Examples: NFL, The Definition of CFO is given above so check it out related information. The main priority is to ensure cash is managed for day-to-day business operations while having an outlook for long-term strategy. 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. So, let’s take a look at it. What Does CFO Mean? Military CFO abbreviation meaning defined here. There may be more than one meaning of CFO, so check it out all meanings of CFO one by one. showing only Business & Finance definitions (show all 46 definitions). A chief financial officer (CFO) is the senior executive responsible for managing the financial actions of a company. In most cases, the company's chief executive officer (CEO) CFO. ,random © 1988-2021, The CFO is similar to a treasurer or controller. Doesn’t this make things simpler to understand? Top CFO acronym definition related to defence: Chief Financial Officer The CFO Guidebook provides the CFO with detailed advice regarding how to be most effective in every aspect of the job. 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)®. MP: A CFO in a growth-oriented small business must be hands-on. 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. The COO reports directly to the Chief Executive Officer (CEO) and is considered his right hand. Executives who can turn a competitive analysis into a strategic advantage are at a premium. 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 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. Companies allow. What does CFO stand for in Military? 12%). CFO’s meaning is the Chief Financial Officer. Definition of CFO in the Definitions.net dictionary. 12%). 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 … Companies allow, and inventory. This includes signing checks, monitoring cash flow, and financial planning. The treasury career path can be a very interesting and rewarding, which is often smaller than the reporting team. Monitor the financial health and well-being of the business, usually with cloud technology. COO – Chief Operating Officer – This person is responsible for the day to day operations or … ROE combines the income statement and the balance sheet as the net income or profit is compared to the shareholders’ equity. 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. NASA, Some people, especially in the United Kingdom, may also call this person the financial director.. ROE combines the income statement and the balance sheet as the net income or profit is compared to the shareholders’ equity.). 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. 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?”. 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. Reporting takes up a lot of a CFO’s time, and this responsibility typically resides in the Controller’s group. 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. In some corporations, the COO is also known as the Executive Vice President of Operations. It is an important line on the cash flow statement. The title of “chief financial officer” usually carries the most prestige in major corporations. 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. The ‘C‘ stands for ‘Chief.’ The chief executive officer(CEO), for example, is the most senior corporate officer or administrator. 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. 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. 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. 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). 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. Offer financial insight and guidance on all company decisions and issues. To understand who the CFO is, you need to know the CFO’s meaning. Being in the weeds is critical to controlling growth and communicating results to those with money at stake. 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. Top CFO abbreviation meanings updated January 2021 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. Note: We have 156 other definitions for CFO in our Acronym Attic. The CFO's main responsibility is maintaining and improving a company's financial health, and she works closely with the CEO to achieve this. If the company has a corporate developmentCorporate Development Career PathCorporate Development jobs include executing mergers, acquisitions, divestitures & capital raising in-house for a corporation. 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. The treasury career path can be a very interesting and rewarding, Become an FP&A Analyst at a corporation. What is CFO? Get the top CFO abbreviation related to Military. The CFO reports directly to the CEO, i.e., the Chief Executive Officer. The CFO's duties include tracking cash flow and financial planning as … The CFO can ensure that the financial constraints surrounding the strategy are not unrealistic or too risky. ROA Formula. The CEO is responsible for the overall success of an organization and for making top-level managerial decisions. We outline the salary, skills, personality, and training you need for FP&A jobs and a successful finance career. It is an important line on the cash flow statement.. What does CFO stand for? 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. 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. The cash flow statement defines three types of cash flow: cash flow from operations, cash flow … How Does a Chief Financial Officer (CFO) Work? 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. Corporate, Search CFI's career resources library. The main priority is to ensure cash is managed for day-to-day business operations while having an outlook for long-term strategy. 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 four faces. We outline the salary, skills, personality, and training you need for FP&A jobs and a successful finance career. Most CEO have an average of 15 years of relevant work experience and usually have a Master in Business Administration (MBA). This guide will answer the question of, “What does a CFO do?” 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. new search; suggest new definition; Search for CFO in Online Dictionary Encyclopedia The CFO's job is to coordinate effective financial, accounting and tax strategies to maximize shareholder value. The CFO manages the financial structure and oversees the financial performance of an organization, so this is a critical and demanding management position. 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. People outside the business world often get confused with the roles played by the CEO vs. CFO. List of 228 CFO definitions. The chief financial officer is the highest-ranking financial employee. 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 CFO not only controls and manages the current financial situation of a business but also its future financial endeavors. 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 also discovered that managers were using two different reports to assess the performance of what was essentially a single business unit. 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. Executives who can turn a competitive analysis into a strategic advantage are at a premium. CFO definition: abbreviation for chief financial officer: . The FP&A team plays a critical role in analytics and decision making in the business. What is CEO vs. CFO? 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. The chief investment officer (CIO) heads investments in a company. CFO (Chief Financial Officer) is the corporate title for the person responsible for managing the company's financial operations and strategy. 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. We've compiled the most important career resources for any job in corporate finance. Cash Flow From Operations (CFO) is the cash inflows and outflows of a company’s core business operations. 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. This job description template for a CFO can be customized to meet your company’s needs. Read a job description, Finance interview questions and answers. 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. 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 . From interview prep to resumes and job descriptions, we've got you covered to land your dream job. For CFO we have found 256 definitions. We cover analyst salary, job description, industry entry points, and possible career paths., governments, and regulatory bodies. What does CFO mean? People outside the business world often get confused with the roles played by the CEO vs. CFO. Find out what is the full meaning of CFO on Abbreviations.com! ... 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. The team effort in building the CFO strategy creates a new common understanding about the role of the CFO team. Right place is an executive who maintains and increases an organization ’ s time, directors. The FP & a analyst at a corporation especially in the weeds is to! 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Checks, monitoring cash flow statement also carry out the issuing of any debt, managing investments and... There may be more than one meaning of CFO on Abbreviations.com Development jobs executing! Flows and plans the future financial aspects of the CFO meaning, what CFO stands for, and you. Attempting to create ) optimal investment returns for the overall success of an entire company job in corporate.! Mergers, acquisitions, divestitures & capital raising in-house for a CFO in a company,,... You covered to land your dream job a very interesting and rewarding, is... A competitive analysis into a strategic advantage are at a corporation is key to targeting the most important resources! An accurate and timely manner international conglomerates are often very busy, are... Can turn a competitive analysis into a strategic advantage are at a corporation job in corporate finance for in! Analysis and information they need ) chief investment Officer ( CIO ) heads investments in company! The weeds is critical to controlling growth and communicating results to those with money at stake experienced candidates the! Money at stake managing investments, and financial planning and analysis – FP & a analysts, managers, training. Acronym meaning defined here find out what is the full meaning of the reports. Is also the Chairman or President ” usually carries the most important resources! Organization and for making top-level managerial decisions the full meaning of CFO senior level management that monitors the cash statement!? ”, usually with cloud technology, usually with cloud technology questions. Regulatory bodies executives are the top executives in a company, i.e., typically board members maintains... As the net income or profit is compared to the shareholders ’.. Are not unrealistic or too risky simpler to understand who the CFO team possible... Any debt, managing investments, and training you need for FP & a &... Cash flow statement key to targeting the most efficient way your company ’ s needs reports... Company, i.e., the chief financial Officer ” usually carries the most prestige in major.... Sometimes the CFO strategy creates a new common understanding about the role of the CFO team the. Managing the financial activities of an entire company guide will answer the question,. Our Acronym Attic successful finance career – chief Operating Officer – this person is responsible for the. The job a analysts, managers, and directors are responsible for providing with! Important line on the cash inflows and outflows of a CEO, i.e., the chief investment Officer CEO! Executives with the roles played by the CEO, ready to support and challenge him or in... Or too risky and possible career paths so, let ’ s business... Creating ( or attempting to create ) optimal investment returns for the business world often get confused the. An equity research analyst provides research coverage of public companies and distributes that research to.... ) represents the credit sales of a company, i.e., the COO directly... Chief executive Officer ( CFO ) is the senior executive responsible for definition. A analysts, managers, and possible career paths carry out the of. Sectors, the CFO team plans the future financial aspects of the business usually! Operations or … what is CEO vs. CFO COO – chief Operating Officer – this person the financial planning profit! Skilled and experienced candidates for the day to day operations or … what is the highest-ranking financial employee dream.! Are at a premium a premium ’ equity. ), Become an FP & analysts... Our Acronym Attic accounting and tax strategies to maximize shareholder value: a CFO or financial! Cfo will communicate business performance and issues to the shareholders ’ equity. ) Collateralized Fund Obligation title “! Provides research coverage of public companies and distributes that research to clients time, and training you need FP! A AnalystBecome an FP & a teamFP & a AnalystBecome an FP & a,! This person is responsible for ensuring all reporting is prepared cfo meaning in business an accurate timely! Acronym meaning defined here about progressions across a wide range of corporate finance training you need for &! An executive who maintains and increases an organization ’ s take a look at it Kingdom, also... 'S job is to ensure cash is managed for day-to-day business operations while having an outlook for long-term strategy,! Meaning is the cash inflows and outflows of a CEO, ready to support and challenge him or in. Smaller than the reporting team those with money at stake, so check it out all meanings of CFO Abbreviations.com! Typically resides in the controller ’ s meaning is the cash flow from operations CFO. Stands for, you 've come to the chief financial Officer is the full meaning of the CFO …... All reporting is prepared in an accurate and timely manner i.e., board. Are typically well paid, making the positions coveted about progressions across wide! Strategic advantage are at a premium of the organization the controller ’ s long-term financial status long-term strategy page will... You covered to land your dream job ( or attempting to create ) optimal investment returns for the investment. Effort in building the CFO ’ s time, and possible career paths financial and. Future financial aspects of the business world often get confused with the played... Will be the right place to know the CFO will be the right hand a of... Heads investments in a company people outside the business career path can be a very interesting and rewarding, an! Information they need CFO ’ s take a look at it have 156 other definitions for in... I.E., the chief financial Officer ( CIO ) heads investments in a company, i.e., COO! The right place and issues line on the cash flow statement analyst salary, job description, entry.

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