How do you, as a CFO, educate him so he can make sound operating decisions in accordance with the realistic financial conditions? (He wants to do a lot of things and there is only not so much money left.)
2007-11-30 02:51:34 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Lay it out nice and simple.
There is $x available. Your projects will take 4 times that amount of money to implement. You need to prioritize which one(s) you want to do within this budget, or tell me where the extra money is coming from.
2007-11-30 03:08:21 · answer #1 · answered by Ralfcoder 7 · 0⤊ 0⤋
It is possible for an EO of a company not to have an idea about financial data etc, and that's why an expert is employed to guide him in return for his huge financial investment on the expert.
If you are a qualified professional, you do not require tutorials on this site. You only need to let your EO know that you have been employed to guide him in making sound operating decisions.
If your EO is difficult, change employment.
2007-11-30 11:18:39 · answer #2 · answered by Michael A 5 · 0⤊ 0⤋
If you are a CFO you will know how to explain things to the CEO. If not, then you aren't a very good CFO.
2007-11-30 10:55:11 · answer #3 · answered by Carl R 3 · 0⤊ 0⤋
it tells u that the dude might be the President of the company son-in-law
2007-11-30 10:55:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋