What is a CFO (Chief Financial Officer)?

  • CFO

A Chief Financial Officer (CFO) is a senior executive responsible for managing a company’s financial strategy, planning, and reporting. They oversee budgeting, forecasting, financial risk management, and investments to ensure the company remains financially stable and aligned with business goals. A CFO also plays a key role in decision-making by providing insights based on financial data. In larger companies, they lead financial teams, while in smaller businesses, they may handle a broader range of financial responsibilities, including compliance, cash flow management, and investor relations.

What does CFO Stand for in business?

CFO stands for Chief Financial Officer.

What Does CFO Stand For In Business?

CFO stands for Chief Financial Officer, the executive in charge of a company’s finances and financial strategy.

What is a CFO of a Company?

Evolving Responsibilities
The modern CFO’s role has expanded beyond traditional finance functions to include areas like human resources, technology adoption, and capability building. This shift reflects the growing importance of finance in driving business strategy and organizational performance.

Types of CFO Engagement
Full-Time CFO: Employed permanently, responsible for all aspects of financial leadership.
Fractional or Interim CFO: Provides CFO-level expertise on a part-time or temporary basis, often used by smaller companies or during transitions

R&D Offer Quiz

Step 1 of 3

Answer to find out if you're eligible for R&D tax credits.

Do the activities performed relate to a new or improved business component’s function, performance, reliability, quality, or composition?(Required)
For Example: A mid-sized packaging company develops a slightly modified cardboard box design to improve its stacking strength (reliability) for warehouse storage, involving minor adjustments to the corrugation pattern to reduce collapse under standard weight loads.
Is your company trying to discover information to eliminate uncertainty concerning the capability or method for developing or improving a business component?(Required)
For Example: A furniture manufacturer investigates whether a cheaper wood adhesive can hold joints as effectively as the current one during assembly, testing bond strength to resolve doubts about its capability in standard production lines.
Do the activities performed constitute a process of experimentation?(Required)
For Example: An auto parts supplier runs a series of bench tests on different lubricant formulations to find one that reduces friction in engine bearings more effectively, systematically comparing wear rates over simulated operating cycles.