The chief financial officer of a company is responsible for managing cash, accounts receivable, and inventory.

Question

Danika Trujillo

Business

28 July, 20:05

The chief financial officer of a company is responsible for managing cash, accounts receivable, and inventory.

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Valentina Maldonado · Answer 1

True

Explanation:

Chief financial officer is one of the key positions at any company or firm. Chief financial officer plays a critical role in managing cash, account receivable and inventory management. He/She is responsible for handling the cash and managing the cash in such a way to remove chances of bankruptcy and shortages. Overall, it is an important post to complete all the tasks related to cash handling and inventory.