253assignmentindividual.docx

253assignmentindividual.docx - (242 words I am not agree...

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(242 words) I am not agree with the statement above, one reason is because the role of CFO should not summarized as all about preparing the financial statements. The CFO’s job is very complex that preparing and reporting accurate accounting statement is just controllership which is one of the core duties. It should also contains other core duties and can be divided into three components. Firstly is the commercial strategy and forecasting. CFO should responible for both financial strategy and modeling(IFAC, 2013), that means CFO must be able to identified how to alllocate the limilted resources to the most efficient way to make more money for the company in the future. Second one is treasury duties, according to Lyon,it means the CFO should responible for the present financial suitation of the indstry and making investment decision wisely to help developing the company in the future(Lyon J,2010). Finally is the CFO can work like a catalyst to drive development
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