Chief Financial Officer-CFO (Chief Financial Officer) is the inevitable product of the development of corporate governance structure to a new stage. The governance structure without CFO is not a perfect governance structure in the modern sense. The Chinese translation of FC can be found in some commonly used recruitment websites in China, such as CFO, CFO and senior financial manager. Combining the translation of the Hong Kong Securities Regulatory Commission with the actual duties of FC, we think FC can be translated into CFO, CFO and CFO. Do you know the difference between CFO and FC? The following is the knowledge I brought to you about the difference between CFO and FC. Welcome to reading.

The difference between CFO and FC In today's accounting world, when it comes to the position of "Chief Financial Officer", most people will think of the three English letters CFO. CFO is the abbreviation of chief financial officer, which is often translated into chief financial officer or chief financial officer in China. Baidu Encyclopedia refers to CFO and CFO as synonyms.

The west wind is blowing eastward. In today's accounting field, when it comes to the position of "CFO", most people think of the three English letters CFO. CFO is the abbreviation of chief financial officer, which is often translated into chief financial officer or chief financial officer in China. Baidu Encyclopedia refers to CFO and CFO as synonyms. In the financial reports of domestic listed companies, the person in charge of accounting work is generally called the chief financial officer. Interestingly, there is another position translated into Chinese, that is, Chief Financial Officer (FC).

The English-Chinese Glossary of Securities, Futures and Finance Terms published by Hong Kong Securities Regulatory Commission (SFC) (4th edition, April, 2006) translates CFO (full name is CFO) into "two-CFO, one is internal-CFO" (two refer to mainland China and Hong Kong, and one refers to mainland China); At the same time, FC is translated as "two chief financial officers; Chief financial officer; Chief financial officer ". It can be seen that the translation of financial officers in mainland China and Hong Kong corresponds to two words in English: CFO and FC.

More interestingly, when searching for further English source materials about FC, less information can be obtained in general ways: FC is not in the list of American accounting positions made by Vision Forum a few years ago; On Wikipedia, if you look up CFO, the page will jump directly to the entry of CFO; And the list of senior managers of some famous foreign companies (including Apple, Microsoft, Facebook, Ford Motor Company, ExxonMobil, BP, Starbucks, etc.). ) disclose the location of FC in its annual report. Then, is there the position of FC abroad? If so, how should it be translated?

On some common recruitment websites, there are indeed recruitment information of FC positions, some general descriptions and some detailed descriptions. The responsibilities of the CFO can be summarized as follows:

1. Responsible for enterprise financial accounting related work;

2. Formulate internal control and audit policies and processes;

3. Supervise the preparation of financial statements for each period;

4. Cost budget and cash flow forecast;

5. Put forward suggestions on M&A strategy. The CFO reports to the CFO.

Generally speaking, these responsibilities are similar to those of CFO, and even overlap. However, CFO has a more important responsibility, which is to realize the strategic goal and long-term development of the enterprise through resource allocation. CFO is the manager of enterprise strategy and implements external capital control on behalf of investors. CFO is generally a member of the company's board of directors. From the above aspects, CFO and FC still have obvious differences.

So what kind of position is FC? Wikipedia describes the responsibilities of FC Synonym Controller in companies and enterprises as "supervising and checking the financial accounting and internal control of enterprises". If the company has a CFO, FC needs to report to the CFO ". When searching for controller in Wikipedia, Wikipedia will also refer it to Comptroller or FC.

In contrast, the CFO is the position listed in the list of American accounting positions in Vision Encyclopedia; However, in the financial reports of many companies, some companies have this position. The position of CFO is translated into director (accountant), accounting director and financial director in Vision Encyclopedia, and the position is introduced as "the accounting functional department responsible for managing an organization. These functions include formulating and maintaining the accounting principles, business norms, procedures and innovations of the organization, preparing financial reports and submitting relevant findings and suggestions to senior management. " These positions are similar to those of FC. In addition, the article "Differences among CFO, Chief Accountant and Chief Financial Officer" on Vision website states that in western countries, "Chief Accountant" is more often called "controller", "Chief Accountant", accounting manager or accounting person in charge. The main job of this position is to be responsible for enterprise accounting and report to the chief financial officer.

The above findings make us tend to use the words Comptroller, Chief Financial Officer and Comptroller as interchangeable titles, all of which are middle and senior managers in charge of financial accounting in enterprises, corresponding to the heads of accounting institutions in domestic listed companies; Moreover, in some companies without CFO position, FC is the top manager in corporate finance. In order to distinguish it from the controller, FC is formed, and FC is also translated into CFO in mainland China and Hong Kong.

For the Chinese translation of FC, there are translations of CFO, CFO and senior financial manager on some commonly used recruitment websites in China. Combining the translation of Hong Kong Securities Regulatory Commission with the actual duties of FC, we think FC can be translated into CFO, CFO and CFO.

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