Most senior executive responsible directly for the financial planning and execution of the firm. The CFO is accountable for all accounting functions including: (1) control over credit, (2) budgets and financial statements preparation, (3) financing and fund raising coordination, (4) expenditure and liquidity monitoring, (5) investment and taxation issues management, (6) financial performance reporting to the board, and (7) providing to the CEO up-to-date financial data. The CFO is also known as the controller, or comptroller, or finance controller, or chief finance officer.

More On This Topic

Link to This Definition
Did you find this definition of CHIEF FINANCIAL OFFICER (CFO) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary