The 25 Responsibilities of the CFO Office

The CFO is responsible for managing your company's:
↳ Financial operations
↳ Financial strategy

It is a demanding role overseeing:

↳ Controllership
↳ Treasury
↳ FP&A

Here are 25 responsibilities of the CFO office you should know:

⚫ Controllership:

1// Financial reporting >> ensure compliance with accounting standards

2// Internal controls >> safeguard data integrity and regulatory compliance

3// Tax compliance >> handle tax planning and regulatory filings

4// Audit Management >> coordinate with external accountants for efficient audits

5// Accounts payable and receivable >> manage timely processing and compliance

6// Payroll and benefits

7// Cost accounting >> support decision-making through cost analysis

8// FIS >> maintain accurate general ledger entries and reconciliations

⚫ Treasury:

9// Cash management >> ensure liquidity for operations and strategic initiatives

10// Risk management >> manage financial risks including FX and interest rate risks

11// Capital structure management >> optimize cost of capital and financial flexibility

12// Investments >> manage risk and return alignment

13// Banking relationships >> maintain strong institutional relationships

14// Financial covenant compliance >> ensure adherence to credit agreements

15// FX management >> mitigate foreign currency exposure

16// Debt management >> handle debt operations and compliance

⚫ Financial Planning and Analysis (FP&A):

17// Budgeting and forecasting >> guide annual budgeting and rolling forecasts

18// Scenario planning >> prepare long-term plans for future scenarios

19// Performance management >> track financial and non-financial KPIs

20// Financial analysis >> utilize dashboards and KPIs to optimize performance

21// Business planning >> align company's strategic plan with financial goals

22// Capital budgeting >> manage long-term investment planning

23// Profitability analysis >> enhance profitability through detailed analysis

24// Management decision support

⚫ Additional specialized responsibilities and CFO Office functions:

25// Strategic Finance

↳ Mergers and acquisitions (M&A) >> handle M&A transactions effectively
↳ Investor relations >> maintain clear communication with stakeholders
↳ Investment analysis
↳ Strategy & Planning >> develop and implement strategic plans

What would you add