oboloo Glossary

Corporate CFO

oboloo Glossary

Corporate CFO

A Corporate Chief Financial Officer (CFO) is a key senior executive who leads the financial operations of an organization. The primary responsibility of a CFO is to oversee the financial performance of the company, formulate and manage the strategic development, and provide oversight for investments and acquisitions. The CFO is typically responsible for setting the budget, formulating the annual financial report, monitoring cash flow and ensuring compliance with applicable laws and regulations. They are also critical in making decisions on how to cut costs, maximize profits and optimize resources while leading the financial team in achieving successful results.