Chief Financial Officer

The difference between CFO and Chief Accountant is that these two positions will manage two different departments. The Chief Accountant will manage the accounting department to help the company track and implement cost optimization and credit policies for customers and suppliers.
As for the CFO, the main job is based on the financial statements from the chief accountant to make analysis and plans to use finance for production and business purposes as well as investment decisions. reasonable to bring profit for the business.
The common tasks between Chief Accountant and CFO in accounting work are: Co-support annual audit activities, prepare financial and management reports, manage budgeting processes, provide provide financial analysis as well as review for control weaknesses.
In terms of financial jobs, the Chief Accountant only shares the same job with the CFO, which is to provide credit to customers and monitor cash flow in the business.
The jobs of the CFO are much more than that of the Chief Accountant. The chief accountant will normally only need to understand and understand the operations of the accounting system, however, the CFO not only needs to understand the operations of the accounting system but also need to transfer the information from the accounting apparatus into financial information.
The CFO will monitor and analyze this financial information, usually financial statements, from which to make important financial policies and decisions for the business. Therefore, the CFO needs to have accounting knowledge and additional knowledge of analysis and evaluation to be able to build financial statements and financial strategies for the business.