Role of CFO. -Research‚ analysis and handling of financial relationships within the enterprise. -Develop financial plans. -exploit and use of funds efficient -Taking quick-changes of the domestic financial and international to make forecasts for the business. -Strategic-planning‚ construct and financial development‚ capital raising abilities. 1.Controllership duties - These make up the backward looking part of a CFO’s job. Controllership duties hold the CFO responsible for presenting and
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Past Role of CFO The past role of Chief Financial Officer(CFO) revolved around the following key core areas Performing the role of the operating manager of finance function‚ controlling compliance and statutory reporting in publicly traded companies. Counselling role or Advisory role and help in bringing about orderly and control centric growth in companies. Performing the treasury duties which involve decision making on how to invest the company’s money‚ taking into consideration risk
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Case Assignment: CFO Professor: Dr. Geoffrey Clarkson Introduction: In this case study we will articulate why CFO ’s role is getting more and more complex and is getting multitasking along with some regulations passed post Enron and post worldcom era. The CFO ’s role is not only expanding but also demanding regulatory compliance which has made the role much challenging. A recent Survey shows at CFO.com that most of the finance manager would not like to take the post of CFO in near future because
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How a CFO can graduate to CEO Janine Brewis. Corporate Finance. London: Jun 1999. ‚ Iss. 175; pg. 13 Abstract (Summary) Positions of power within corporates are highly sought after‚ and today ’s chief financial officers and finance directors are increasingly becoming aware that they now have a realistic opportunity of becoming CEO. Part of the reason for the trend towards recruiting CFOs who can behave as strategic partners is that the investor community looks much more critically at the business
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Rafael Mercado González The role of a Chief Financial Officer Abbott Laboratories. The principal role of the Chief Financial Officer is to monitor and interpret the business financial information of the company. The CFO also leads the finance department and the key financial officers report to the CFO. The treasurer and the controller are under his command and these two departments are possibly the most important ones for the CFO because of all the information they deliver. The treasure
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Officer (CFO). A CFO is an officer who is responsible in managing the financial risks of the entire institution. A CFO plays a leadership role in business development initiatives and their management. CEOs will not have excellent decisions without considering the advices and opinions of the Chief Finance Officers that would contribute to the success of the company. CFOs are really dedicated into managing the day to day cash flow of the company. In order to manage cash for troubled companies‚ CFOs prioritizes
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Michael Jager FIN 3010 Online May 13‚ 2012 Company CFO Evaluation: Occidental Petroleum Table of Contents Abstract………………………………………………………………………………………….3 Background……………………………………………………………………………………...4 Immediate/Near term strategy………………………………………………………………...4 Intermediate/Long term strategy (SWOT)…………………………………………………...6 Strengths………………………………………………………………………………...7 Weaknesses……………………………………………………………………………..8 Opportunities…………………………………………………………………………….9 Threats…………………………………………………………………………………
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any input or advice. D. Shared Values: 1. Honesty - fairness and straightforwardness of conduct; adherence to the facts It is important for all team members to be honest because all statements must be supported by factual evidence to discern weather or not the statement is valid. 2. Respect - to consider worthy of high regard It is important for all team members to respect one another because if someone feels that he/she is belittled‚ that person may be less inclined to contribute
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Security and Exchange Commission’s (SEC) Investigation On July 8‚ 2012‚ Arthur James‚ Farmers Group Inc.’s Chief Operation Officer (CFO)‚ resigned from our company suddenly and with no explanation. The United States Securities and Exchange Commission (SEC) is investigation our company On July 8‚ 2012‚ Arthur James‚ Farmers Group Inc.’s Chief Operation Officer (CFO)‚ resigned from our company suddenly and with no explanation. As a result of the SEC’s investing‚ we are obligated to issue a news release
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be 8.3%. I find error in this calculation as a result of the following points of disagreement: a) Weighting of Capital Structure: Use of book values of capital rather than the market values b) Cost of Debt Calculation: Incorrect method for calculating debt c) Tax Rate: Use of a tax rate derived from the summation of state and statutory taxes instead of the firm’s marginal tax rate 2. Revised Calculation of WACC: WACC reflects the weighted average cost of the various sources of invested
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