The Chief Financial Officer (CFO) and Treasurer both work to ensure the financial stability of an organization. However, they have very different roles and responsibilities. The CFO is a senior executive responsible for overseeing the entire financial operations of an organization. This includes accounting, budgeting, risk management, financial planning, and organizational development. In addition, the CFO may also be tasked with advising top executives on financial matters.
The Treasurer, on the other hand, is primarily focused on managing the organization’s cash flow. This includes tracking all cash inflows and outflows, evaluating investments and financing options, and managing taxation issues. The Treasurer also ensures compliance with applicable laws and regulations. Both the CFO and Treasurer work together to develop financial strategies that provide short and long-term economic benefits to the organization.