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Explain the following Term/Concept: Chief Financial Officer - Secretarial Practice

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प्रश्न

Explain the following Term/Concept:

Chief Financial Officer

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उत्तर

(1) Chief financial officer (CFO) is the officer of a company that has primary responsibility for managing the company’s finances which include financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors of the economy, CFO is also held responsible for the analysis of financial data. He helps in analyzing and recognizing the company‘s financial strengths and weaknesses.

(2) CFO is required to provide accurate and timely financial information to the company for the decision-making process. He may be appointed as a permanent employee in the rolls of the company or for a certain period of time on a contractual basis. He need not be the director of the company. He is required to sign audited financial statements of the company.

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Key Managerial Personnel (KMP)
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अध्याय 6: Directors and Key Managerial personnel of a company - EXERCISES [पृष्ठ १००]

APPEARS IN

बालभारती Secretarial Practice [English] 11 Standard Maharashtra State Board
अध्याय 6 Directors and Key Managerial personnel of a company
EXERCISES | Q 2. 8) | पृष्ठ १००

संबंधित प्रश्न

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Non-Executive Director.


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Secretarial Standard


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Managing Director has substantial powers of management.


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Secretarial Standards should be in conformity with the Act.


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This KMP signs document of company requiring authentication by company.


Write a word or a term or a phrase which can substitute the following statement.

This KMP signs document of company requiring authentication by company.


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This KMP signs document of the company requiring authentication by the company.


Write a word or a term or a phrase which can substitute the following statement.

This KMP signs document of company requiring authentication by company.


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