CFO

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What Does CFO Mean?

The CFO (Chief Financial Officer) is a senior executive whose job is to coordinate the financial, accounting and tax strategies to optimize the company's value. (It is not unusual for the CFO to have a seat on the company's board of directors.)

The CFO's main responsibilities are:
  • To create robust financial plans and to oversee the annual budgeting process.
  • To protect the shareholders' financial interests by balancing debt and equity and reducing capital costs.
  • To oversee the accounting and tax processes by planning ahead and ensuring accurate records are maintained.
  • To provide feedback on the company's performance to regulatory bodies and stakeholders.
  • To act as the personnel manager for the staff from the accounting, payroll, insurance, and financial-analysis departments.

Summary of Key Points

"Chief Finance Officer" is the most common definition for CFO on Snapchat, WhatsApp, Facebook, Twitter, Instagram, and TikTok.
CFO
Definition:Chief Finance Officer
Type:Abbreviation
Guessability:
2: Quite easy to guess
Typical Users:
Adults

Image for CFO

When I write CFO, I mean this:

meaning of CFO
A CFO's job is to coordinate the financial, accounting and tax strategies to maximize company value.

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Examples of CFO in Sentences

Here are examples of CFO being used in sentences:
  • Our CEO is also the CFO.
  • Please help the CFO with the financial risks register.

An Academic Look at CFO

CFO is used as a noun. When the term is expanded, it is a noun phrase based on the common noun Officer. The words Chief and Financial are attributive adjectives modifying Officer.

Example of CFO Used in a Text

CFO

See Also

CEO (chief executive officer) CFO (chief finance officer) CLEO (chief law enforcement officer) CO (commanding officer) DFO (duty field officer) GRO (guest relations officer) LEO (law enforcement officer) NCO (non-commissioned officer) PIG (police officer (derogatory)) SOW (female police officer (uk))