Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

The Part Time CFO: Crunching the Numbers for Corporate Growth

By Ela Melich Subscribe to RSS | February 21st 2012 | Views:
loading
 
  



A company's management team comprises three key officers: a chief executive officer (CEO), a chief operations officer (COO), and a chief finance officer (CFO). The CEO implements the rules, the COO initiates activities in accordance with those rules, and the CFO has the duty of managing the company's financial assets and liabilities. When it comes to money matters, the CFO is an indispensable part of any company's executive "dream team."

Every activity a company initiates, business or non-business, runs on money—and the CFO has that job covered. He makes sure the company does not overspend and that the funds are fairly distributed among various corporate activities. He has to think about ways to enhance the income generation of the company, while reducing overhead costs as much as possible. On top of it all, the CFO, naturally, must be a whiz in math.

While some people may only know about the CEO and COO, the CFO can be said as one of the unsung heroes of any company. Without a skilled CFO to manage a company's money, the company will have a hard time deciding how much to spend and on which matters. If the overall activities of a company are in the form of a circle, every chief officer in the team takes an equal slice of the responsibility. The CFO may go unnoticed in public, but his actions keep the company alive.

Just a part time CFO for a company ensures the money spent on hiring one will come back tenfold. Armed with the necessary skill to crunch the numbers, getting a CFO can increase a company's income by as much as 100 percent. He makes the sales reports, financial reports, and other presentations that can influence the management's decision to implement solutions to reported problems. The computation may be burdensome, but nothing the CFO cannot handle.

A professional CFO for hire is also meticulous about making his computations and creating his sales reports. Accuracy is something he cannot afford to lose, especially when the company is depending on him to flourish and go the extra mile to progress. As mentioned previously, in a business, everything runs on money—even hiring a CFO. The CFO closely monitors the flow of money to make sure the money goes where it needs to go.

Perhaps there is no need to repeat the fact that money means everything to a company. The decisions the corporate management makes determines the path the company takes on its journey to evolve into a business empire. A good part time CFO is only one of many things a company will need to achieve such status.

Ela Melich - About Author:
For more details, search part time CFO and CFO for hire in Google for related information.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/the-part-time-cfo-crunching-the-numbers-for-corporate-growth.htm

Related Business Articles Subscribe to RSS

Ways to reduce the time spent taking Driving Lessons Chelmsford
Published by Mary Porter on June 16th 2012 | Business
When you think about it it’s a bit of daunting prospect taking Driving Lessons Chelmsford. For st...
 
Shower Chairs – Bath time Buddies
Published by Angie Turner on June 25th 2012 | Business
A cool shower during extreme hot weather after a particularly long and tiring day is definitely som...
 
Part-time Job - an Effective Way of Earning Income and being Responsible
Published by Mark Bennett on February 16th 2012 | Business
Having a part-time job will institute positive thinking. It gives your child a sense of responsibili...
 
Rock Salt is very important, especially in winter time
Published by James Blee on June 16th 2012 | Business
Rock salt is also known as halite and is also known as the mineral form of sodium chloride. Unlike r...
 
Save your time and money through Xfinty Deals
Published by Roy Fernandez on March 23rd 2012 | Business
Like most cable services, Xfinity offers high speed internet, digital television and phone systems. ...
 
A decent online classified ad makes your business grow in no time.
Published by Harry on February 24th 2012 | Business
Being able to online advertise your website, business or sale purchase of anything, and if you have ...
 
Penny stocks are ideal investments for small time traders
Published by Blossom Dana on December 26th 2011 | Business
Hot penny stocks list are the ideal investment opportunity with the availability of cheap penny stoc...
 
Real time Court Reporting a Lucrative Option for Law Firms
Published by Methew Pitt on December 13th 2011 | Business
The whole scenario of courts and lawyers is a very appealing thing for commoners but what exactly go...
 
Why Outsourcing Bookkeeping Work is Better Than Hiring a Full-time In-house Bookkeepers
Published by Amitaabh Saboo on May 11th 2012 | Business
Bookkeeping is a fundamental part of any business. It involves the tasks performed by a bookkeeper s...
 
Benefits to a meaningful Strategic Procurement Structural part
Published by Jimmy Polly on June 26th 2012 | Business
Developing strategic procurement surrounding this really is straightforward make use of is effective...
 
Biscuit 'big brother' - asset tracking saves time, money and the environment
Published by Netta Maistro on August 20th 2012 | Business
Whilst wandering through the aisles of your local supermarket, you're tracked by a silent host of CC...
 
Simplifying some complex tasks saving our time
Published by Devinpayton88 on May 23rd 2012 | Business
Some of the examples are hydraulic hand held wide notch etc. Lets talk about coring bits which are v...
 
Visiting Edinburgh for the first time? and deciding where to stay?
Published by Calum Rendall on April 24th 2012 | Business
It is not difficult task to get the property in Edinburgh. After arriving in Edinburgh you can hire ...
 
Medical supply is a critical part of health care services
Published by Chooseems on July 20th 2012 | Business
The health care issues arising all over, a scenario like this, demands for a good medical supplier a...
 
Jeep tire covers part of the plan when going off-road
Published by Sylvia Lambert on March 6th 2012 | Business
When an off-roader plans a rugged terrain adventure, he or she dresses appropriately. There is often...
 
Is it a good time to file for bankruptcy when I am seperated or divorcing my spouse?
Published by Maxwelllawfirm on December 15th 2011 | Business
I always ask clients what their marital status is and whether they have joint debts with their spous...
 
Is this a good time to switch electricity providers?
Published by ShopTexasElectricity on February 17th 2012 | Business
In energy deregulated market such as that in Texas, switching providers can give you the best electr...
 
De-cluttering life, one storage idea at a time
Published by Simon Dcruz on March 1st 2012 | Business
Self storage solutions are what come to mind in situations like these. One can rent as much space as...
 
That this Federal Workforce Facial looks Setbacks as part of Next year
Published by Peter Loots on March 23rd 2012 | Business
The government staff are the cause of delivering some sort of things of america us government....
 
So much police gear, so little time
Published by Thomasgalvin on January 30th 2012 | Business
Due to economic conditions over the past several years, most city, state and federal law enforcement...