Finance Functional Model
- Functional Statements
- What are the roles and responsibilities of a Chief Finance Officer?
By: Mansour Baker
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Posted: 19 March 2020 | Revised: 16 July 2024
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By: Mansour Baker
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Posted: 19 March 2020 | Revised: 16 July 2024
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Level 2 Finance Functional Statements
Financial Systems Support
Financial Planning, Budgeting and Control
Accounting
Treasury and Investment
Level 3 Financial Planning, Budgeting and Control Functional Statements
Financial Policies and Procedures
Financial Planning, Monitoring and Analysis
Budgeting and Control
Financial Reporting
Level 3 Accounting Functional Statements
General Ledger
Accounts Receivables
Accounts Payable
Payroll
Fixed Asset Accounting
Level 3 Treasure and Investment Functional Statements
Cash Management
Investment Support
Treasury
Insurance
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The role of a Chief Finance Officer (CFO) is to define the financial governance for profit, cost, and service center structures. Plan, direct and control the company overall financial plans, processes, budgeting, risk, and treasury to ensure that the Company can achieve its strategic and operating objectives set by the business strategy.
Exhibit 2
The main key accountability areas of a Chief Finance Officer
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Key Accountabilities
Strategic Contribution
Financial Reporting
Financial Reporting
Budgeting Planning & Control
Treasury
Internal & External Audit
Relationship Management
Continuous Improvement
Leadership
Technology
Communication and Working Relationship
Internal
External
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