Even when there are differences per group and business buildings, CFO leads monetary affairs along with IT, Law, Risk Management, Direct-Indirect Buying and Human Resources departments and performs an effective position in strategic management and planning by focusing on company sustainability. Basically, CFO has three completely different heads. These are execution, supervision, and counseling. We will clarify execution function as providing security of financial charts and managing the money that's the vital point of a company in an optimum way. Supervision duty contains; controlling the bills of some departments to see if these are used up in response to determined laws and auditing operational processes by a planned and unplanned way to avoid corruption possibilities. And for counseling duty, we can exemplify issuing opinions particularly to the Board, CEO and all different managers about buyer-provider business partners, new business areas and products, incentives, company and department performances. CFO is the eye of the Board within the company and reliable enterprise consultant of CEO with all these attributes.
Assist of the Board and CEO may be very critical
Help of the Board and CEO is essentially the most importing thing for CFO to fulfill all these duties and responsibilities in a proper way. Because many of the assignments that sound nice and asked to be completed, cannot be completed as a consequence of lack of assist on inter corporate conflicts and different reasons. We are able to type the side effects of this kind of negative situations as a rise in firm risks and miss the opportunities.
How CFO’s can determine priorities?
And this question is a very powerful topic that CFO ought to take note of scientific and structural approach and perhaps is competence in the willpower of a successful-unsuccessful CFO. It’s not a really rational habits to expect managing all these mentioned totally different experience areas and topics by one person under regular circumstances till CFO determines the proper priority and use the money supply and workforce of the company in a correct way. S/he can still manage his profession in a proper way and, the truth is, s/he can still enjoy it. These duties dealt with by him/her are divided into 4 groups in accordance with significance and urgency, and CFO ought to distribute these non-stop tasks in a correct way.
Urgent and necessary topics
Urgent however unimportant topics
Non-urgent but essential subjects
Non-urgent and unimportant subjects
CFO’s actually give primacy to "urgent and important subjects" and will never work on "non-urgent and unimportant" subjects. But the level that makes the difference in that's the time s/he spares time for "non-urgent however vital subjects." The quintessence for this one could be; observing the personal and professional development of the employees from the bottom to the highest level that's managed by her/him and contribute in particular person if possible. Even when this duty is extreme and lengthy-termed, the return of it is high. Because the more s/he has a greater and an equipped group, the more they can fulfill the complex duties and responsibilities which are provided.
Lesson: CFO should decide the priority in a proper way and may spend money on the well-selected team. Otherwise, the occupation that CFO do may turn out to be one of many riskiest profession.

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