what is a chief financial officer
For other uses, see CFO (disambiguation) . The chief financial officer (CFO) or chief financial and operating officer (CFOO) is a corporate officer primarily responsible for managing the financial risks of the corporation.This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management.In some sectors the CFO is also responsible for analysis of data.he CFO reports directly to the president/chief executive officer (CEO) and directly assists the chief operating officer (COO) on all strategic and tactical matters as they relate to budget management, costâbenefit analysis, forecasting needs and the securing of new funding. Contents.