Posted On: 09/09/2015 5:21:30 PM
Post# of 22465
Difference Between CFO and Controller
http://www.proformative.com/blogs/ben-paramor...controller
Chief financial officer
Changing role
In recent years, the role of the CFO has evolved significantly. Traditionally being viewed as a financial gatekeeper, the role of the CFO has expanded and evolved to a strategic partner and advisor to the CEO. In fact, in a report released by McKinsey, 88 percent of 164 CFOs surveyed reported that CEOs expect them to be more active participants in shaping the strategy of their organizations. Half of them also indicated that CEOs counted on them to challenge the company’s strategy.[2]
According to one source, "The CFO of tomorrow should be a big-picture thinker, rather than detail-oriented, outspoken rather than reserved, prefer to delegate rather than be hands-on, emphasize what gets done rather than how things are done, and make collaborative rather than unilateral decisions. The CFO must serve as the financial authority in the organization, ensuring the integrity of fiscal data and modeling transparency and accountability. The CFO is as much a part of governance and oversight as the Chief Executive Officer (CEO), playing a fundamental role in the development and critique of strategic choices. The CFO is now expected to be a key player in stockholder education and communication and is clearly seen as a leader and team builder who sets the financial agenda for the organization, supports the CEO directly and provides timely advice to the board of directors."[3]
https://en.wikipedia.org/wiki/Chief_financial_officer
A CFO's job can be broken down into three major components:
1. Controllership duties
2. Treasury duties
3. Economic strategy and forecasting
http://www.investopedia.com/ask/answers/04/042204.asp
....given that we have Chris, Craig, Brett, and Daniel I guess the question becomes is QMC breaking down functions to better deal
with expectations or are they prepping for expansion wrt SRT?
DK, but think the rest of the year should be entertaining
Looking Forward
http://www.proformative.com/blogs/ben-paramor...controller
Chief financial officer
Changing role
In recent years, the role of the CFO has evolved significantly. Traditionally being viewed as a financial gatekeeper, the role of the CFO has expanded and evolved to a strategic partner and advisor to the CEO. In fact, in a report released by McKinsey, 88 percent of 164 CFOs surveyed reported that CEOs expect them to be more active participants in shaping the strategy of their organizations. Half of them also indicated that CEOs counted on them to challenge the company’s strategy.[2]
According to one source, "The CFO of tomorrow should be a big-picture thinker, rather than detail-oriented, outspoken rather than reserved, prefer to delegate rather than be hands-on, emphasize what gets done rather than how things are done, and make collaborative rather than unilateral decisions. The CFO must serve as the financial authority in the organization, ensuring the integrity of fiscal data and modeling transparency and accountability. The CFO is as much a part of governance and oversight as the Chief Executive Officer (CEO), playing a fundamental role in the development and critique of strategic choices. The CFO is now expected to be a key player in stockholder education and communication and is clearly seen as a leader and team builder who sets the financial agenda for the organization, supports the CEO directly and provides timely advice to the board of directors."[3]
https://en.wikipedia.org/wiki/Chief_financial_officer
A CFO's job can be broken down into three major components:
1. Controllership duties
2. Treasury duties
3. Economic strategy and forecasting
http://www.investopedia.com/ask/answers/04/042204.asp
....given that we have Chris, Craig, Brett, and Daniel I guess the question becomes is QMC breaking down functions to better deal
with expectations or are they prepping for expansion wrt SRT?
DK, but think the rest of the year should be entertaining
Looking Forward
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