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What is the Role of a CFO?

In this video by Corvee, Andrew Argue from AccountingTax.com explains in detail what the role of a CFO is. Argue breaks down a CFO’s functions and takes you through their responsibilities.

In the US and approximately 13-14 other countries, Argue has talked with over 4,000 individuals with small business accounting firms or even business tax firms. So he comes with a lot of experience. He takes an interesting approach to explain the processes and techniques that CFO’s employ in their everyday tasks. He explains how the role of a CFO involves increasing the value of the company. Not only do they decrease the company’s expenses, they also increase the company’s cash flow and therefore increase the company’s value.

He also explains the requirements of companies from CFOs and what that means to different kinds of CFOs. He discusses the kind of information the CFO must know and understand but may not necessarily need to actively work on. He also covers the topic of monthly accounting and what is important to consider.

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