Question

Today's global corporations – including yours – have a Chief Financial Officer (CFO) on its executive team. Traditionally CFOs have had a relatively narrow area of responsibility tasked to financial and accounting (F&A) matters. However with the advent of technology and ultra-global competitiveness, CFOs have taken on broader and deeper responsibilities. Today's CEOs see the CFO role as much more than F & A and have identified the areas where current and future CFOs' roles need to expand. (1) What are some of these expanded roles per the current and future needs of global corporations such as yours?

Answer 1

Answer: Some of the expanded roles of the CFO as per the current and future needs of the global organizations are

1. Coordinating with the other functions inside the organizations and supporting their strategy formulation
2. Interacting with the investors and the other relevant stakeholders
3. Compliance, assurance and external reporting
4. Assisting in better operations management
5. Providing leadership just like the head of any other function like marketing