Department Of Arts And Culture Cfo

Department Of Arts And Culture Cfo

Department Of Arts And Culture Cfo, The chief financial officer (CFO) or chief financial and operating officer (CFOO) is the officer of a company that has primary responsibility for managing the company’s finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. In the United Kingdom, the typical term for a CFO is finance director (FD). The CFO typically reports to the chief executive officer and the board of directors, and may additionally have a seat on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO directly assists the chief operating officer (COO) on all strategic and tactical matters as they relate to budget management, cost–benefit analysis, forecasting needs and the securing of new funding.
 

Office of the CFO

 
 
 

Purpose

 

To support the Accounting Officer in discharging his/her responsibilities.

Functions

 

  1. The exercising of control over state money, assets and expenditure by implementing effective and efficient mechanisms, systems and management information and provide services to the department.
  2. The management and provision of effective and efficient financial services to the Department.
  3. The rendering of effective and efficient procurement and provisioning of goods and services to the department.