Define: CFO

UK Accounting Glossary

Definition: CFO

Quick Summary of CFO

An acronym for the Chief Financial Officer, who is the head accountant of a company. A CFO manages anything that has to do with the company’s finances.

What is the dictionary definition of CFO?

Dictionary Definition

The chief financial officer (CFO) 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.


Full Definition of CFO

CFO, or Chief Financial Officer, is a senior corporate officer with full financial authority. In general terms, the main responsibility of a CFO is to oversee the financial appropriations and expenditures of an organization. Hence, the CFO is in charge of disseminating financial data, directing budget and spending, as well as monitoring a number of other financial activities. A CFO is also required to frequently report to the board of directors on the overall financial condition of the company. Additionally, a CFO is charged with ensuring financial transparency with respect to both the shareholders and regulatory boards, such as the SEC. In many corporations, a CFO is routinely referred to as senior vice president. A CFO is often considered the second most notable management figure, next to the Chief Executive Officer (CEO). Thus, many investors consider the professional track record of a CFO, as well as his or her integrity and conduct.


Examples of CFO in a sentence

The CFO is busy this month, working on the annual company audit.
While a CFO may not directly supervise people in the accounting department who handle the accounts receivable, it is the CFO’s responsibility to keep an eye on all financial transactions.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
CFO. Payroll & Accounting Heaven Ltd. February 25, 2020
Chicago Manual of Style (CMS):
CFO. Payroll & Accounting Heaven Ltd. (accessed: February 25, 2020).
American Psychological Association (APA):
CFO. Retrieved February 25, 2020, from website:

Definition Sources

Definitions for CFO are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th February 2020.