The Role of the Financial Manager Essay Example | Topics and Well Written Essays - 500 words

The Role of the Financial Manager - Essay ensampleTherefore it is imperative that the CEO knows how to manage investment and protect the interest of shareholders. He must be equal to(p) to strategically plan ahead and decide on policies and activities that would increase operating income and stockholders equity. Evidently, the best candidate to the CEO post should be the CFO. Maximizing wealth is not something that is new to a CEO who has been managing the finances of the organization. The primary role of the CFO in the firm is to plan strategies and pursue activities that ordain improve the total value of the firm. In most successful organization, CFOs basically work side by side with the CEO in strategic planning and decision making. He has developed excellent communication skills as he present the current financial condition of the firm to different stakeholders, has been closely lie with the companys product and operations, has been consistently working in line with the comp anys vision, and has been able to develop managerial skills. However this does not absolutely imply that all CFOs pay back successful CEOs. The total personality of the CFO, his business acumen, the quantity and quality of his past experiences, and his continuing resentment for the organization combined, make for a better CEO. D.