Finance in an organization

Corporate finance is concerned with the different aspects of a business's financial management. The chief financial officer (CFO) is the top financial position in the organization and oversees several tasks.

The CFO is not responsible for which of the following departments? Check all that apply.

A. Human resources

B. Marketing

C. Production

D. Security analyst relations

E. Accounting

The US Securities and Change Commission (SEC), a US federal agency, is considered to be an investor's advocate. Its purpose is to protect investors, maintain market integrity, and facilitate capital formation. Under the Sarbanes-Oxley Act of 2002, the SEC requires CFOs to certify that the firm's:

A. Growth plans are on track

B. O Shareholders are protected

C. Financial statements are audited

D. Earnings numbers are accurate

Question

Business

Lawson

14 July, 23:19

Finance in an organization

Corporate finance is concerned with the different aspects of a business's financial management. The chief financial officer (CFO) is the top financial position in the organization and oversees several tasks.

The CFO is not responsible for which of the following departments? Check all that apply.

A. Human resources

B. Marketing

C. Production

D. Security analyst relations

E. Accounting

The US Securities and Change Commission (SEC), a US federal agency, is considered to be an investor's advocate. Its purpose is to protect investors, maintain market integrity, and facilitate capital formation. Under the Sarbanes-Oxley Act of 2002, the SEC requires CFOs to certify that the firm's:

A. Growth plans are on track

B. O Shareholders are protected

C. Financial statements are audited

D. Earnings numbers are accurate

+2

Answers (1)

Know the Answer?

Adelaide Chaney · Answer 1

Answer and Explanation:

a. In the first case as we know that the Chief Financial Officer (CFO) is the company's high financial position and supervises several tasks.

But CFO would not be responsible for human resource, marketing and the production as these have the different departments and their manager would deal with it

So first three are not relevant for the CFO

b. According to the Sarbanes-Oxley Act of 2002, The SEC requires CFOs to certify the accuracy of the firm's earnings or we can say it would be correct. Hence, the last option is correct