![]() The major task of CFO is to maintaining and enhacing the companys financial health while CEO s focus is to enhance th producvitiy and overall market strenght of the company. (a) The radius of an atom is defined as one-half the distance between the nuclei in a molecule consisting of two identical atoms joined by a covalent bond. A CFO also has additional responsbility to serves as the company's liaison between banks, lendersm and other financial related institutions. The trends for the entire periodic table can be seen in Figure 12.1. Any function that is not periodic is called aperiodic. Periodic functions are used throughout science to describe oscillations, waves, and other phenomena that exhibit periodicity. The top financial officer in the company, the CFO's major responsibilities include aligbing objectives with the budget, keeping track of revenue and expenses, monitor the cash flow of the company, provide recommendation to CEO and board of directors. A periodic function is a function that repeats its values at regular intervals, for example, the trigonometric functions, which repeat at intervals of 2 radians. The CEO's principal focus points mostly include staying within the overall company budget, closely understand the competitors movement or strategy, changing business areana, possibility of expansion or diversification, maintaining a strong position in the market and take wise decision with the approval of company's board of directors. CFO can understand the ability fo the organisation to move ahead with the investment capability or business expansion capability based on the current cash flow condition. CEO pays attention on periodic statement such as balance sheet and income statement as he is more concentarted on net worth generated on the company while CFO has more control over the cash flow cycle which talks about realisation capability, collection of account receivables which covers the current momentum and expectation of future momentum. Explain this statement in terms of the differing responsibilities of the CEO and CFO.ĬEO is the executive officer who controls all the major functions of an organisation while CFO is more into financial aspects of company and the focus is to obtain a steady cash flow and generate revenue to the company in a sustainable manner. 1.9 CEOs focus much of their attention on periodic statements like balance sheets and income statements while CFOs focus most of their attention on cash flow issues. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |