BNAD 100 Lecture Notes - Lecture 7: Natural Disaster, Risk Management, Initial Public Offering

• School: University of Arizona
• Department: Business Administration
• Course: BNAD 100
• Professor: Jeff Welter

Document Summary

Cfo is the senior executive responsible for managing financial actions of a company. Cfo reports directly to the company"s ceo and works closely with other executive officers (marketing, supply chain etc) Nearly half (47%) for fortune 500 cfos have graduate business degrees (mba) Over a third (36%) of fortune 500 are certified public accountants (cpa) Women and minorities are underrepresented in cfo positions, but better than in the past. Financial accounting: tracks, monitors, and reports the company"s financial transactions. Collect financial information and create the financial statements. Managerial accounting: uses accounting information to help managers within an organization make decisions for the company. Performs variance analysis - how we are performing compared to how we thought we would perform. Financial planning and analysis: evaluates businesses, projects or products to determine their performance and make business decisions. Analyze financial data to help make decisions. Treasurer division: manages the company"s bank accounts and cash balance.