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A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances; i.a.: financial planning, management of financial risks, record-keeping, and financial reporting, and, increasingly, the analysis of data.
They may even have their CPA, or be a CPA candidate. In addition to general accounting duties, they help company's management to analyze the economic health of the organization, usually through timely financial reports and counsel. They may or may not have supervisory responsibilities over junior accountants and/or clerical personnel. [5]
The Act created a new position in the OMB, the Deputy Director for Management, who is the government's chief financial management official. It also created a new sub-division of the OMB, the Office of Federal Financial Management (OFFM), to carry out government-wide financial management responsibilities. The OFFM's chief officer was designated ...
The position of Chief Financial Officer and Assistant Secretary for Administration was established by Public Law 83-471 § 304, July 2, 1954, 68 Stat. 430 (15 USC §1506). [2] His authority is delegated through Department of Commerce Organization Order 10-5 "Chief Financial Officer and Assistant Secretary for Administration".
Carol B. Tomé (born Carol Louise Buchenroth; January 8, 1957) is an American business executive who is the chief executive officer of United Parcel Service (UPS). [3] [4] She is formerly of The Home Depot, where she worked from 1995 to 2019, as Vice President and Treasurer and later as Executive Vice President and Chief Financial Officer. [5]
Two areas of finance directly overlap financial management: (i) Managerial finance is the (academic) branch of finance concerned with the managerial application of financial techniques; (ii) Corporate finance is mainly concerned with the longer term capital budgeting, and typically is more relevant to large corporations.