The Common Services and Responsibilities of a Chief Financial Officer CFO is basically an abbreviated term that refers to chief financial officer, and it is described as an individual who acts as a corporate officer with the primary responsibility of managing and directing any financial risks within the company or corporation. A chief financial officer is also called as a chief financial and operating officer, which is abbreviated as CFOO, or FD, which stands for finance director. To be more specific, a CFO handles the different types of accounting and financial matters of a corporation or company. A CFO has basically a lot of various responsibilities within the company or corporation that hires him or her, and that typically includes company liabilities, company performance, department supervision, financial relationships, raising or finance capital, record control, shareholder relations, budgeting and expense control, financial obligations and cash flow. In cash flow, it is the responsibility of the CFO to control cash flow position within the company, and that includes understanding the uses and sources of cash, as well as, maintaining the integrity of securities, funds and any other valuable documents. When it comes to company liabilities, the CFO is typically responsible with the process of understanding all the different kinds of liabilities within the corporation or company. In terms of department supervision, the chief financial officer will act as the supervisor of the finance, the HR, the accounting, and the IT department of a corporation. When it comes to financial relationships, the CFO is basically responsible in establishing and maintaining the lines of communication of the shareholders, investment bankers and financial analysts of the corporation or company. When it comes to raising or financing capital, the CFO or chief financial officer is the one who will establish and execute the programs typically designed for the provision of capital that is typically required by the corporation. In terms of record control, the chief financial officer is basically the one who is responsible in in preparing the required financial reports, in providing insurance coverage, in ensuring the maintenance of the appropriate financial records, and in insuring that audits are to be completed in time. In terms of shareholder relations, the chief financial officer is the one who is responsible in analyzing the corporation shareholder relations procedures, policies and information programs, and that basically includes the annual and the interim reports to the shareholders and the board of directors of the corporation. In budgeting and expense control, the CFO is the one who oversees the budget process, the one who compares the actual performance of the company with an estimated budget, and the one who collects the inputs. There are a lot of chief finance officers all over the world, and the common services they tend to offer to their clients includes capital planning, business restructuring, financial reporting and strategic planning.