Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Financial Director: The Binding Agent of Successful Companies

Job Descriptions February 16, 2014

A Financial Director, often referred to as the Chief Financial Officer (CFO), is a professional whose primary functions within the company they are employed by are the overall management of the entity’s financial agenda. The responsibilities they acquire under their employment agreement will depend greatly on the size and type of the entity they represent. The simple truth is all Financial Directors have similar core responsibilities.

Financial planning, record keeping, and reporting/managing financial risks are essential to the success of the Director. Depending on the entity, the responsibility of income and dividend reporting may also rank among their top priorities. While the specifics and details of a Financial Director’s job can vary, the shape of the profession remains true.

How will a business achieve financial objectives? What is the determining factor in setting financial goals? Proper financial planning determines just how the company’s vision will come to life.

This is a turnkey process in the role of the CFO. By assessing the business environment, identifying resources needed, and quantifying the cost of the required resources the financial plan brought forth by the CFO becomes an evolving recipe for the business’s success.

Making sure the recipe turns out as planned and doesn’t fall flat is the reason a CFO must tackle another aspect essential to their job function, financial record-keeping. Maintaining cash flow, expenditure, profit and loss sheets, and applying the rules of accounting keep the company on track to meeting the vision set forth by the implementation of the financial plan. Accurate financial record keeping managed by the CFO reduces the potential problems that could arise and take the company off course from reaching their financial goals.

The CFO is responsible for the Chief Executive Officer and typically a board of advisers. Accountability is part of the very infrastructure of the job which is grounded in accounting. This accountability takes form through the use of financial reporting. The primary objective of a CFO in financial reporting is to provide the end user with the financial position and performance data of the company, and its financial status. It enables the company to see changes that may need to be made to ensure the completion of and adherence to the company’s goals and financial vision. The CFO is primarily responsible for the accurate depiction of the company’s position by ensuring that financial statements and reports are correct and in compliance with audits.

Another core responsibility of the CFO is managing financial risks. This is the strategic calculation that sets great professionals apart from the rest. Like a game of chess, a great CFO takes his or her time to assess the board and become knowledgeable of all possible moves and the potential outcome if the move is made. It is the CFO’s main objective to evaluate and manage exposure to risk. This requires strategic moves to identify the source of the risk, measure its potential value, and formulate a plan to address the potential outcome.

The Chief Financial Officer is the binding agent of any successful entity. Like the saying goes, “money makes the world go round”. The same is true of the Financial Director. A prosperous and prudent CFO/Director paints the financial picture for the future of the company he or she works for.

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Liberty University provides a worldclass education from a christ-centered worldview
  • 100% online programs at associate, bachelor’s, master’s, and doctoral levels
  • No standardized testing if student meets admission requirements
  • Accredited by the Southern Association of Colleges and Schools Commission on Colleges
  • 87% of Liberty University students receive some form of financial aid
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Topped the list as Best Online Bachelor’s Program in Virginia by U.S. News & World Report in 2019.
  • Regent is ranked among Top National Universities by U.S. News & World Report, 2019.
  • Flexible online, on-campus and evening courses offered in 135 areas of study, including Business, Nursing, Psychology, & more.
  • Regent is recognized among Top #10 Military Friendly Schools by Military Friendly®, 2019.
  • 88% of Regent University students receive financial aid, with $24 million awarded in institutional scholarships & aid in 2017-18.
  • Online Courses
1 Program(s) Found
  • Career training since 1963.
  • Gives you the freedom and flexibility to learn on your own time, at your own pace and in your own environment.
  • Complete your education and gain technical skills when and where it's convenient for you!
  • Accredited by the Accrediting Council for Independent Colleges and Schools (ACICS).
  • We Change Lives...One Person At A Time. ®
  • Online Courses
5 Program(s) Found
  • Separate yourself from the pack by completing one of Saint Leo’s highly-rated Business degree programs. Associates, Bachelors, and Graduate degrees in highly sought-after concentrations available!
  • Learn the necessary skills and build the foundation to propel your business career by receiving an education from our faculty members with true real-world experience.
  • Saint Leo University provides academic excellence, flexibility, affordability, and a wide range of educational programs with financial aid and scholarships available to those who qualify.
  • Saint Leo offers a 14:1 Student-Teacher Ratio to ensure you get the personal attention you deserve.
  • Learn on your schedule with our 6 convenient available start dates throughout the year. Get started on earning your accredited Business degree today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Averett University is a top-ranked, fully-accredited institution that offers students over 30 undergraduate majors, minors and special programs, and 5 master's programs.
  • Accelerated programs designed for convenience: choose from weekly evening courses at one of Averett's Virginia locations or study online and on your own time.
  • Averett University was named one of Virginia’s top colleges for return on investment, and their average scholarship package lowers the cost of attendance further by almost 40%.
  • Averett offers students learning experiences that mirror real-life situations. This means you can put today's lesson to the test during tomorrow’s workday.
  • Averett University's 12:1 student-professor ratio makes your education a collaborative endeavor based on close relationships between students and faculty.
  • Online Courses
1 Program(s) Found
  • Trusted San Antonio college and Institution of the Year 2018 offering campus-based and online accredited programs in Aviation Maintenance, Information Technology, Cybersecurity, Business, and Nursing.
  • Accelerated programs designed with affordability and convenience in mind. Achieve your professional goals faster and affordably. Financial aid, scholarships, and U.S. veterans benefits available.
  • Hallmark University offers master’s, bachelor’s, and associate’s degrees that align with current industry needs to give graduates the best opportunity for success.
  • Hallmark's Student Affairs’ team works directly with industry leaders to assist students in securing employment after they graduate. Our goal is 90% placement within 90 days of graduation!
  • Hallmark's 20:1 student-teacher ratio allow instructors to give students constant, personal help and attention. And with 6 terms a year, you never need to wait to apply. Get started today!
  • Online Courses
2 Program(s) Found
  • Lancaster Bible College|Capital Seminary & Graduate School is a private Bible college composed of undergraduate, accelerated undergraduate and graduate learners.
  • Lancaster Bible College|Capital Seminary & Graduate School's mission has remained constant since 1933:
  • Lancaster Bible College|Capital Seminary & Graduate School offers 50+ majors, 8 academic departments and a variety of mission/ministry groups.
  • Lancaster Bible College's programs offer flexible degree formats. Our programs allow you to continue working in your current field, and apply life experiences as credits in certain instances.
  • Lancaster Bible College|Capital Seminary & Graduate School believes that God gave you a unique set of gifts. Now, He's giving you the opportunity to use them
  • Online Courses
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Liberty University provides a worldclass education from a christ-centered worldview
  • 100% online programs at associate, bachelor’s, master’s, and doctoral levels
  • No standardized testing if student meets admission requirements
  • Accredited by the Southern Association of Colleges and Schools Commission on Colleges
  • 87% of Liberty University students receive some form of financial aid
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Topped the list as Best Online Bachelor’s Program in Virginia by U.S. News & World Report in 2019.
  • Regent is ranked among Top National Universities by U.S. News & World Report, 2019.
  • Flexible online, on-campus and evening courses offered in 135 areas of study, including Business, Nursing, Psychology, & more.
  • Regent is recognized among Top #10 Military Friendly Schools by Military Friendly®, 2019.
  • 88% of Regent University students receive financial aid, with $24 million awarded in institutional scholarships & aid in 2017-18.
  • Online Courses
1 Program(s) Found
  • Career training since 1963.
  • Gives you the freedom and flexibility to learn on your own time, at your own pace and in your own environment.
  • Complete your education and gain technical skills when and where it's convenient for you!
  • Accredited by the Accrediting Council for Independent Colleges and Schools (ACICS).
  • We Change Lives...One Person At A Time. ®
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!