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

The Role of the Financial Manager - Essay ExampleTherefore it is imperative that the CEO knows how to manage investment and value the interest of shareholders. He must be able 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 will improve the total value of the firm. In most successful organization, CFOs basically work view by side with the CEO in strategic planning and decision making. He has phraseed excellent communication skills as he present the current financial circumstance of the firm to different stakeholders, has been closely oriented with the companys product and operations, has been consistently working in line with the companys vision, and has been able to develop managerial skills. However this does not absolutely imply that all CFOs make successful CEOs. The total personality of the CFO, his business acumen, the sum of money and quality of his past experiences, and his continuing passion for the organization combined, make for a better CEO. D.