A Chief Financial Officer (CFO) is especially associated with the vital financial and accounting decisions of a company. The chief financial officer holds a very important position in the company and also has much more responsibilities than only dealing with the fine answers and accounts of a company. A CFO has the overall responsibility of understanding and analyzing how a company works so that he/she can make decisions that will be profitable for the growth of the company. If you want to aim for becoming a CFO someday, then a CFO programme will help you in this regard.

Daily Responsibilities of A CFO

The Chief Financial Officer (CFO) of a company is an officer whose primary responsibility is to deal with the company's important financial and accounting decisions such as managing the company's finances, financial planning, financial risk management, record keeping, financial reporting, etc.

A Typical Morning Schedule

When a CFO arrives at the office in the morning they take to their same schedule and keep a protected check on their to-do list. They go through their emails and respond to those emails.

Then, they go on to check and review the financial statements and accounts of the company they are involved with. If there are any discrepancies that have been detected then the first hour of the day passes by strategizing what measures can be taken to get those numbers on the track.

So, the next hour passes by conducting daily checking meetings. There can be multiple meetings scheduled where one meeting is with the whole executive team that runs the company and the other meeting is with the finance and accounts department of the company that directly reports to the CFO for making vital decisions. The CFO will analyze and review the numbers and they can discuss a recourse that can be taken to keep those numbers on track. The rest of the morning left includes things like payable expenses and other commissions. At this time the CFO basically scans through money dues, payable to and by the company.

A CFO's Afternoon

In the first hour of the afternoon, the CFO usually conducts meetings with departments that are concerned with the budget of the company and other managers like the HR or the management head, etc. These discussions also include the future projects and goals of the organization. Although not every day, once or twice a week the chief heads of the company like the chief financial officer (CFO), the chief executive officer (CEO), and the chief operating officer (COO) sit and talk about the future goals of the company and what they thrive to achieve in the coming times. In these meetings, the CFO talks about the financial data and the financial goals for the company as he is primarily concerned with the finances.

A Closing Out Evening of A CFO

At dawn, a CFO usually goes through the tasks they took up this morning and answers any important calls that he has missed. Other than that, returning to the emails is a basic and daily task on a CFO's list. Important questions from other departments can also be discussed at this time of the hour with a chief financial officer, by the managers of such departments. Apart from that, any issues that may have arisen are also addressed during this time of the day by the CFO. That is basically the day-to-day work of a CFO.

Conclusion

A CFO is like a leader of a company and has a lot of responsibilities upon him. That's why a work day in the life of a CFO has to be a hectic one that comes with a lot of duties and powers.

If you are setting a goal for yourself to achieve the position of a CFO someday then you can register yourself for the certificate programme for emerging CFOs by Imarticus. This is a great course that will give you in-depth knowledge about becoming a chief financial officer.