Question

Finance in an organization Aa Aa Corporate finance is concerned with the different aspects of a business's financial management. The chief financial officer (CFO) is the top financial position in the organization and oversees several tasks. The CFO is not responsible for which of the following departments? Check all that apply. Human resources Marketing Production Security analyst relations Accounting

Answer 1

Answer:

The Security Analyst Relations and the Accounting Department

Explanation:

The Chief Financial Officer or the CFO of an organisation is primarily responsible for the management of an organisation's financial matter, actions and decisions. The CFO is first and foremost an executive of any organisation and he determines the cash inflows and outflows from the organisation.

Furthermore, the CFO is responsible for the analysis of the strength and weakness of an organisation financially and also ensuring that controls are put in place to maintain the strengths and correct the weaknesses.

The accounting department is the primary department in charge of organisational finances, hence, it will be under the direct control of the CFO. The Accounting department ensures the prompt preparation and presentation of the company's financial statement.  Furthermore, security analyst relations (in terms of financial securities and even physical security of assets and property) will also fall under the CFO's area of control.

Human Resource deals with human relations, marketing and production works together to ensure patronage of an organisation's products. These are not directly influenced by the CFO.