What does the acronym CFO stand for?

The acronym CFO stands for Chief Financial Officer. This title is used in many organizations to denote the senior executive responsible for managing the financial actions of a company. The CFO's duties typically include financial planning, managing financial risks, record-keeping, and financial reporting.

The term "financial" accurately encompasses the wide range of financial responsibilities that fall under this role, including budgeting, forecasting, and ensuring the company's financial health. This title is commonly recognized in both public and private sectors, making it an important term within the governmental environment as well.

Understanding the correct designation is crucial as it clearly defines the high-level responsibilities associated with this position, distinguishing it from other potential titles that may sound similar but do not capture the full scope of financial leadership and oversight that a CFO provides.