Duties Will Include Only The Interpretation Of The Results. The Chief Financial Officer Is Not Obliged To Participate In The Collection And Consolidation Of Primary Data And Other Routine Processes. The Cfo Can Make General Recommendations (For Example, How To Accelerate The Pace Of Construction Of A Facility), But Should Not Dive Into Small Details (For Example, How Many Additional People Should Be Involved In Construction). Some Of The Routine And Ordinary Functions Of The Cfo Can Be Delegated To Subordinates. The Chief Financial Officer Should Not Attempt To Influence Areas Outside His Area Of authority. For Example, Cfo: Does Not Have The Authority To Fire Employees.
Can Only Make Recommendations To The Manager Should Not (For Example, Change The Production Recipe Or The Schedule Of Employees Working In Shifts). A Cfo Cannot Make Major Latest Mailing Database Decisions On His Own. This Is The Competence Of Managers And Business Owners. The Duties Of The Cfo Include Only Bringing To Them Reliable Information About The Real State Of Affairs. In Addition To This, He Can Suggest Ways To Solve Problems And Give Recommendations On How To Improve The Efficiency Of The Organization Of Business Processes.
In Small And Medium-sized Companies, The Functions Of The Financial Director May Well Be Distributed Between The Owner And The Accountant. For Large Organizations, A Separate Allocation Of The Cfo Position Can Become A Resource For Improving The Efficiency Of The Company And Increasing The Value Of The Business. A Good Financial Director Has The Skills Of An Analyst, Controller, Risk Manager All Rolled Into One To Successfully Implement The Functions Assigned To Him And Achieve All The Goals. In The Performance Of His Duties, The Cfo Communicates With Staff, Management, Creditors, Investors, Insurance Companies, Tax Authorities And Auditors. Therefore Communication.