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Importance of CFO

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How important is the chief financial officer? What would happen if there were no chief financial officer?

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How important is the chief financial officer? What would happen if there were no chief financial officer?

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The key dilemma for companies is that whether or not the firm should incur additional financial burden by hiring a costly Chief Financial Officer.If the firm has been doing quite well, the management might feel that the cost of CFO will be an unnecessary expense.

However, A CFO brings many benefits to the company and justifies the salary being paid to him. Especially for a profitable and large scale business, the role of CFO is of ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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