Role of cfo

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The role of CFO
Abbott Laboratories is a diversified pharmaceuticals health care company. It has 68,000 employees and operates in 130 countries. The corporate headquarters are in Abbott Park,Illinois, located near North Chicago, Illinois.
Abbott Laboratories is one of the oldest and most successful pharmaceutical companies in the United States. While about 30 percent of annual revenues comefrom the sale of pharmaceuticals. Abbott is also a top manufacturer of medical diagnostic equipment, with an emphasis on blood analyzers and the detection and monitoring of infections and diseases. Thefirm's hospital products unit produces electronic and injectable drug-delivery systems, intravenous solutions and supplies, anesthetics, and products used in critical care settings. Abbott's annualresearch and development budget exceeds $1 billion, with areas of emphasis including AIDS/antivirals, anti-infectives, diabetes, neuroscience, oncology, pediatric pharmaceuticals, urology, and vascularmedicine.
In today's world, financial rigor and strategic insight need to be tightly linked. Senior financial executives play a key role in strategy development and implementation, working closelywith the CEO to creatively design growth opportunities for the future.
The chief financial officer (CFO) is a corporate officer primarily responsible for managing the financial risks of thecorporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management. In some sectors the CFO is also responsible for analysis of data..The CFO typically reports to the chief executive officer and to the board of directors, and may additionally sit on the board.
The principal role of the CFO is to monitor and interpret the businessfinancial information of the company. The CFO also leads the finance department and the key financial officers report to the CFO. The CFO, in other words, can act as the bridge between the business and...
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