The Common Services and Responsibilities of a Chief Financial Officer CFO is an abbreviated term that stands for chief financial officer, and it is defined as a corporate officer who is primarily responsible in managing any financial risks of the corporation or company. A chief financial officer can also be called as a finance director or FD, or a chief financial and operating officer or CFOO. The different kinds of accounting and financial matters within a corporation or company is being handled by a chief financial officer. 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. When it comes to cash flow, the CFO is the one who controls the cash flow position, and that typically includes maintaining the integrity of other valuable documents, funds and securities, and understanding the sources and uses of cash within the company. In terms of company liabilities, the chief financial officer is the one who understands all of the liabilities owned by the corporation or company, and that is basically due to the fact that a company has a lot of leases, insurance summaries, legal contracts, and statutory and tax obligations which is in the form of contingencies. 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. In financial relationships, the CFO is the one who maintains and establishes lines of communication with shareholders, financial analysts, and investment bankers. In raising or finance capital, the CFO is the one who execute and establish any programs for the provision of capital being required by the company or 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.