DISCUSS the role of a chief financial officer.

(a) The finance executive of an organisation plays an important role in the company's goals, policies, and financial success. His responsibilities include: (a) Financial analysis and planning: Determining the proper amount of funds to employ in the firm, i.e. designating the size of the firm and its rate of growth. (b) Investment decisions: The efficient allocation of funds to specific assets. (c) Financing and capital structure decisions: Raising funds on favourable terms as possible i.e. determining the composition of liabilities. (d) Management of financial resources (such as working capital). (e) Risk management: Protecting assets.