{"id":109,"date":"2011-03-06T04:07:04","date_gmt":"2011-03-06T04:07:04","guid":{"rendered":"http:\/\/www.shanecampbellcfo.com\/?p=109"},"modified":"2011-03-06T04:07:04","modified_gmt":"2011-03-06T04:07:04","slug":"tasks-of-a-cfo","status":"publish","type":"post","link":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/","title":{"rendered":"Tasks of a CFO"},"content":{"rendered":"<p style=\"text-align: justify\">To learn about\u00a0the main tasks of a CFO, one must simply consult the Wikipedia, the world\u2019s foremost authority on all things. The oracle of Wiki states \u201cThe chief financial officer (CFO) is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management. In some sectors the CFO is also responsible for analysis of data.\u201d If this job description is accurate and is truly what most CFO\u2019s accomplish, it would adequately explain why the average tenure for a CFO is only three years.<\/p>\n<p style=\"text-align: justify\">Sure, there is a laundry list of core essential tasks which can and should be accomplished by the CFO to help the company succeed. These tasks of a CFO include:<\/p>\n<p style=\"text-align: justify;padding-left: 30px\">\u2022 Financial projections to chart the course of the company<\/p>\n<p style=\"text-align: justify;padding-left: 30px\">\u2022 Budgets which help to monitor company performance based on the projection<\/p>\n<p style=\"text-align: justify;padding-left: 30px\">\u2022 Securing needed capital necessary to carry out the plan<\/p>\n<p style=\"text-align: justify;padding-left: 30px\">\u2022 Risk management to keep the company from being derailed<\/p>\n<p style=\"text-align: justify;padding-left: 30px\">\u2022 Safeguard the company\u2019s assets from theft, damage, etc.<\/p>\n<p style=\"text-align: justify;padding-left: 30px\">\u2022 Compliance with existing laws, financial and tax reporting requirements.<\/p>\n<p style=\"text-align: justify\">But these tasks of a CFO represent where the bar starts, and will not assure success by themselves. Without growth, companies lose vision. Little mistakes are magnified into big mistakes because there is no margin for error. Then no risk taking or innovation occurs. The company experiences high turnover as boredom from lack of direction sets in. Internal fiefdoms develop, causing rivalries that diminish the energy and creative talents of key employees. I\u2019ve seen it countless times, even at truly promising companies. Without vision and growth, the company perishes.<\/p>\n<p style=\"text-align: justify\">So which companies need a CFO? Just the ones that want to be successful. If your company has $50 million or more in sales or 100 or more employees, you likely need a full-time CFO. But even small and medium sized businesses can now team up with an affordable <a href=\"http:\/\/www.b2bcfo.com\/part-time-cfo\/part-time-cfo\/\">part time or temporary CFO on an outsourced basis. Whether full-time, part-time, permanent or temporary, the key is for the CFO to fully understand and buy into the role of unleashing the creativity and leadership of the business owner.<\/a><\/p>\n<p>photo credit: <a href=\"http:\/\/www.flickr.com\/photos\/21606330@N08\/10519774073\">Checklist Chalkboard<\/a> via <a href=\"http:\/\/photopin.com\">photopin<\/a> <a href=\"https:\/\/creativecommons.org\/licenses\/by-nd\/2.0\/\">(license)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A CFO\u2019s main and most important task is really quite simple. To do everything necessary to free up the time and energy of the business owner so that the business owner can do what is truly important &#8211; grow the company. Growing the company means finding new customers, increasing sales to existing customers, and developing new products through innovation and evolution.<\/p>\n","protected":false},"author":25,"featured_media":7905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","cybocfi_hide_featured_image":"","footnotes":""},"categories":[22,27],"tags":[20,28,25],"class_list":["post-109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-best-practices","category-cfo-services","tag-business-intelligence","tag-business-tips","tag-cfo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tasks of a CFO | CFO Services | B2B CFO<\/title>\n<meta name=\"description\" content=\"These tasks of a CFO represent where the bar starts, and will not assure success by themselves. Interested? Click here and see how B2B CFO\u00ae can help you!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tasks of a CFO | CFO Services | B2B CFO\" \/>\n<meta property=\"og:description\" content=\"These tasks of a CFO represent where the bar starts, and will not assure success by themselves. Interested? Click here and see how B2B CFO\u00ae can help you!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/\" \/>\n<meta property=\"og:site_name\" content=\"Shane Campbell\" \/>\n<meta property=\"article:published_time\" content=\"2011-03-06T04:07:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-content\/uploads\/sites\/33\/2011\/03\/Tasks-of-a-CFO.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"240\" \/>\n\t<meta property=\"og:image:height\" content=\"164\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shane Campbell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shane Campbell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/\"},\"author\":{\"name\":\"Shane Campbell\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/#\\\/schema\\\/person\\\/8ee8bc641094acda4505098bb405e653\"},\"headline\":\"Tasks of a CFO\",\"datePublished\":\"2011-03-06T04:07:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/\"},\"wordCount\":379,\"image\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/wp-content\\\/uploads\\\/sites\\\/33\\\/2011\\\/03\\\/Tasks-of-a-CFO.jpg\",\"keywords\":[\"business intelligence\",\"business tips\",\"CFO\"],\"articleSection\":[\"Business Best Practices\",\"CFO Services\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/\",\"url\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/\",\"name\":\"Tasks of a CFO | CFO Services | B2B CFO\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/wp-content\\\/uploads\\\/sites\\\/33\\\/2011\\\/03\\\/Tasks-of-a-CFO.jpg\",\"datePublished\":\"2011-03-06T04:07:04+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/#\\\/schema\\\/person\\\/8ee8bc641094acda4505098bb405e653\"},\"description\":\"These tasks of a CFO represent where the bar starts, and will not assure success by themselves. Interested? Click here and see how B2B CFO\u00ae can help you!\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/wp-content\\\/uploads\\\/sites\\\/33\\\/2011\\\/03\\\/Tasks-of-a-CFO.jpg\",\"contentUrl\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/wp-content\\\/uploads\\\/sites\\\/33\\\/2011\\\/03\\\/Tasks-of-a-CFO.jpg\",\"width\":240,\"height\":164},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/tasks-of-a-cfo\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tasks of a CFO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/#website\",\"url\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/\",\"name\":\"Shane Campbell\",\"description\":\"B2B CFO\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/#\\\/schema\\\/person\\\/8ee8bc641094acda4505098bb405e653\",\"name\":\"Shane Campbell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g\",\"caption\":\"Shane Campbell\"},\"url\":\"https:\\\/\\\/www.b2bcfo.com\\\/shane-campbell\\\/author\\\/shane\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tasks of a CFO | CFO Services | B2B CFO","description":"These tasks of a CFO represent where the bar starts, and will not assure success by themselves. Interested? Click here and see how B2B CFO\u00ae can help you!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/","og_locale":"en_US","og_type":"article","og_title":"Tasks of a CFO | CFO Services | B2B CFO","og_description":"These tasks of a CFO represent where the bar starts, and will not assure success by themselves. Interested? Click here and see how B2B CFO\u00ae can help you!","og_url":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/","og_site_name":"Shane Campbell","article_published_time":"2011-03-06T04:07:04+00:00","og_image":[{"width":240,"height":164,"url":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-content\/uploads\/sites\/33\/2011\/03\/Tasks-of-a-CFO.jpg","type":"image\/jpeg"}],"author":"Shane Campbell","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shane Campbell","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/#article","isPartOf":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/"},"author":{"name":"Shane Campbell","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/#\/schema\/person\/8ee8bc641094acda4505098bb405e653"},"headline":"Tasks of a CFO","datePublished":"2011-03-06T04:07:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/"},"wordCount":379,"image":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/#primaryimage"},"thumbnailUrl":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-content\/uploads\/sites\/33\/2011\/03\/Tasks-of-a-CFO.jpg","keywords":["business intelligence","business tips","CFO"],"articleSection":["Business Best Practices","CFO Services"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/","url":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/","name":"Tasks of a CFO | CFO Services | B2B CFO","isPartOf":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/#primaryimage"},"image":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/#primaryimage"},"thumbnailUrl":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-content\/uploads\/sites\/33\/2011\/03\/Tasks-of-a-CFO.jpg","datePublished":"2011-03-06T04:07:04+00:00","author":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/#\/schema\/person\/8ee8bc641094acda4505098bb405e653"},"description":"These tasks of a CFO represent where the bar starts, and will not assure success by themselves. Interested? Click here and see how B2B CFO\u00ae can help you!","breadcrumb":{"@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/#primaryimage","url":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-content\/uploads\/sites\/33\/2011\/03\/Tasks-of-a-CFO.jpg","contentUrl":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-content\/uploads\/sites\/33\/2011\/03\/Tasks-of-a-CFO.jpg","width":240,"height":164},{"@type":"BreadcrumbList","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/tasks-of-a-cfo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.b2bcfo.com\/shane-campbell\/"},{"@type":"ListItem","position":2,"name":"Tasks of a CFO"}]},{"@type":"WebSite","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/#website","url":"https:\/\/www.b2bcfo.com\/shane-campbell\/","name":"Shane Campbell","description":"B2B CFO","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.b2bcfo.com\/shane-campbell\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.b2bcfo.com\/shane-campbell\/#\/schema\/person\/8ee8bc641094acda4505098bb405e653","name":"Shane Campbell","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7b33240f4309c5ea4f19065cde4d6a6adf1148ddc452f54b5da81b4eb197ed96?s=96&d=mm&r=g","caption":"Shane Campbell"},"url":"https:\/\/www.b2bcfo.com\/shane-campbell\/author\/shane\/"}]}},"_links":{"self":[{"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/posts\/109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/comments?post=109"}],"version-history":[{"count":0,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/posts\/109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/media\/7905"}],"wp:attachment":[{"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/media?parent=109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/categories?post=109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.b2bcfo.com\/shane-campbell\/wp-json\/wp\/v2\/tags?post=109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}