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. A chief financial officer is also called as a chief financial and operating officer, which is abbreviated as CFOO, or FD, which stands for finance director. Specifically speaking, the chief financial officer handles all of the different financial and accounting matters of a company or corporation. 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 company liabilities, the CFO is responsible with the act of understanding all of the liabilities of the company or corporation, and that is due to the fact that a company has many statutory and tax obligations, leases, insurance summaries, legal contracts, and hidden liabilities in the form of contingencies. In department supervision, the CFO will serve as the supervisor of IT, HR, finance and accounting department of the company. When it comes to financial relationships, the CFO is basically responsible in establishing and maintaining the lines of communication of the shareholders, investment bankers and financial analysts of the corporation or company. In raising or finance capital, the CFO is the one who execute and establish any programs for the provision of capital being required by the company or 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 shareholder relations, the CFO is the one who analyzes the company shareholder relations information programs, policies and procedures, and that includes the interim and annual reports to the Board of directors and the shareholders of the company. 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 a lot of chief finance officers all over the world, and the common services they tend to offer to their clients includes capital planning, business restructuring, financial reporting and strategic planning.