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What are a chief financial officer's (CFO) two roles

Answer the following questions:

? What are a chief financial officer's (CFO) two roles? Use real-world examples to explain why these roles are important to a company's success.

? Explain business ethics in your own words. Why are business ethics important in strategic planning? How do business ethics affect the workplace?

? A firm's senior managers delay a planned maintenance to make profits look better. Is this ethical? Why or why not? What is another example of questionable ethical behavior?

? What is the role of the accounting manager in completing the financial portion of a strategic plan? How does this role differ from the CFO's role? Why are these roles important? How may each role affect the success of a strategic plan?

? Other than overseeing the mechanics of creating pro forma statements, what responsibilities does the CFO have in regards to strategic financial planning? Do these differ based on industry? If so, why? If not, why?

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Anna Liza Gaspar

ANSWERS

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? What are a chief financial officer's (CFO) two roles? Use real-world examples to explain why these roles are important to a company's success.
Undoubtedly, the chief financial officer or CFO plays on important role in an organization. As a matter of fact, a CFO now, together with the chief executive officer (CEO), represents the corporation to the public.
One of the two roles that a CFO performs is oversee the financial control and reporting of the organization. For example, CFO Pedro Reinhard of Dow Chemical is responsible for the financial control and reporting for the complex finances of the company. This role is said to be part of a bigger role, that is, the stewardship and probity in the use of the firm's resources
The other role of the CFO is to guide the organization in efficiently utilizing these resources an example, could be the CFO's active role in ...

Solution Summary

The chief financial officer's two roles are determined. Business ethics is examined.

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