Co status of officer

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Querist : Anonymous

Querist : Anonymous (Querist)

04 August 2012 what is the difference between Chief operating officer and the chief financial officer?
what is main diff bet above post?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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04 August 2012 Chief Operating Officer

An executive responsible for (1) the day-to-day running of the critical departments of an organization such as production, marketing and sales, and distribution, (2) establishing procedures and processes to ensure their smooth functioning, and (3) providing timely operational information and assistance to the CEO.

Chief Financial Officer

Senior-most executive responsible for financial control and planning of a firm or project. He or she is in charge of all accounting functions including (1) credit control, (2) preparing budgets and financial statements, (3) coordinating financing and fund raising, (4) monitoring expenditure and liquidity, (5) managing investment and taxation issues, (6) reporting financial performance to the board, and (7) providing timely financial data to the CEO.