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The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding.
The Chief Financial Officers (CFO) Act of 1990 (Public Law 101–576) signed into law by President George H. W. Bush on November 15, 1990, is a United States federal law intended to improve the government's financial management, outlining standards of financial performance and disclosure.
There are considerable variations in the composition and responsibilities of corporate titles. Within the corporate office or corporate center of a corporation, some corporations have a chairman and chief executive officer (CEO) as the top-ranking executive, while the number two is the president and chief operating officer (COO); other corporations have a president and CEO but no official deputy.
JPMorgan Chase's (NYS: JPM) chief financial officer, Douglas Braunstein, may leave his post, according to media reports citing unnamed sources. Those sources say that he may take another position ...
Chief financial officer (CFO) - Primarily responsible for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting; Chief gaming officer (CGO) - Executive in charge of heading both the game development and the online and offline publishing functions of a company
Admittedly, industry and company-specific needs also shape how well a CFO succeeds as CEO. CFOs-turned-CEOs are most common in financial, energy, consumer, and services industries, where ...
An upper-level accounting professional who usually reports directly to a controller or assistant controller or, in the public accounting world, one of the partners. They will almost always have a bachelor's degree, and sometimes a master's. They may even have their CPA, or be a CPA candidate.
However, a recent report from The Conference Board revealed that while more than 60% of corporate executives view the current landscape for DEI as challenging, only 10% said their companies are ...