The person in charge of finance is generally the chief accountant or chief financial officer, who is fully responsible for the financial management, accounting and supervision of the company. Strictly speaking, only those who are qualified for accounting practice, engaged in accounting work for many years, have rich experience, have certain management ability, and participate in major issues and production and operation decisions of the company can be competent. Due to the increasingly high position of financial management in economic development, the financial leaders of state-owned enterprises are all members of the leading group.
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What is the difference between a chief financial officer and a chief financial officer or financial manager?
CFO, CFO and CFO are just a code name. The chief financial officer is the highest person in charge of assisting the general manager in charge of finance. He can be CEO, vice president of finance, chief accountant or chief financial officer. What does a CFO do? Since he is the highest person in charge, he certainly does great things, such as making financial strategies and arranging financing plans, and external coordination that the financial manager can't handle.
The financial manager is the department manager under the chief financial officer. He can be the manager of the financial department, the manager of the financial accounting department, or the manager or minister of the financial management department, responsible for implementing the financial strategy formulated by the chief financial officer.
The financial supervisor is the business supervisor within the financial department, such as accounting supervisor, tax supervisor, financing supervisor, financial analysis supervisor, etc. The job of the treasurer is just to do specific work.
For a simple example, the chief financial officer has formulated a financing strategy and plans to borrow 654.38 billion yuan from banks this year. After the chief financial officer came forward to discuss the financing intention with the bank president, the work was handed over to the financial manager. After the financial manager meets with the bank account manager to implement the specific operation details of the loan application, the chief financial officer will be responsible for preparing the application materials such as feasibility report and other specific work according to the requirements of the financial manager. Of course, the CFO may also have the smallest soldiers such as assistants or accountants to help collect data and process them.
Answer reference Zhihu author: Nanshan extraordinary horse