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 02:54:30 · 2 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment ➔ Other - Careers & Employment
Yikes!
You need to sit down with him with a very simplified version of the financial statements, summarizing everything like where the money comes from, where it goes, and how much is available.
Lotsa luck.
2007-11-30 02:57:53 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
This senerio ( although possible) is highly unlikely unless new ownership is involved which has no experience in business operations.. As CFO you must try to educate the executive. Most likely your job is also in jeopardy for the EO will bring in his troops. This is exactly what transpired in the company where I was employed as Controller-Credit Manager. I was retired prior to my retirement age. The new exec. brought in new finance people, new manufacturing manager and Warehouse Supt., rehired a sales manager the original owner had dismissed. In three years the business went Kapoot!!( Out of Business )
2007-11-30 11:19:42 · answer #2 · answered by googie 7 · 0⤊ 0⤋