Every company has a CFO, which is the Chief Financial Officer. The CFO is responsible for overseeing the financial activities of an entire company. This includes signing checks, monitoring cash flow, and financial planning. A CFO must understand the sources and uses of cash, and maintain the integrity of funds and securities documents. One CFO that has accomplished many goals over the years is Edward Rapp. Edward Rapp is the CFO of Caterpillar Inc, in Peoria Il. In a recent interview with Ed, he describes how he made a deal with China, so the country can use his products. He also talks about the company's acquisition of Bucyrus International Inc., and the company’s efforts to move into the Chinese market. One responsibility that a CFO is required to understand is financial relationships. Financial relationships involves establishing and maintaining lines of communication with investment bankers, financial analysts, and shareholders. Ed did an excellent job with communicating on entering the Chinese market. Caterpillar is a major global corporation specializing in earth moving equipment.
The Top 10 Responsibilities of aCFO Include
- Cash Flow
- Company Liabilities
- Company Performance
- Department Supervision
- Budgeting and Expense Control
- Financial Relationships
- Finance or Raising Capital
- Financial Obligations
- Record Control
- Shareholder Relations
