BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

FINANCIAL MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In modern organisations Finance and Accounting Department is headed by ____
A
CEO
B
CFO
C
COO
D
CPO
Explanation: 

Detailed explanation-1: -Generally, no, a CFO is not the same as an accountant. Accountants handle bookkeeping tasks and tax filings. Meanwhile, a CFO focuses on the company’s financial future, creating forecasts.

Detailed explanation-2: -Today’s CFOs provide financial leadership and align business and finance strategy, keeping actions and decisions in harmony with the company’s overall goals. By supporting long-term investments and mapping out a financial course for the future, CFOs help to steer businesses to success.

Detailed explanation-3: -CFO Duties A CFO manages an organization’s financial activities. CFOs supervise the finance and accounting personnel in a company and track cash flow. They analyze financial data, identifying strengths and weaknesses and implementing short-and long-term financial plans for a company.

Detailed explanation-4: -A Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of their company. They are often in charge of tracking cash flow, analyzing strengths/weaknesses in the company’s finances and overseeing all aspects of its financial success.

There is 1 question to complete.