Explain the areas in which the role of the CFO has expanded beyond the traditional role in the post-pandemic era.

CA Final · Advanced Financial Management · RTP · November 2026
Explain the areas in which the role of the CFO has expanded beyond the traditional role in the post-pandemic era.

Suggested Answer and Working Notes:

12. In post-pandemic time their role has been advanced in the following areas in addition to their traditional role: a. Risk Management: Now a days the CFOs are expected to look after the overall functioning of the framework of Risk Management system of an organisation. b. Supply Chain: Post pandemic supply chain management system has been posing the challenge for the company to maintain the sustainable growth. Since CFOs are care takers of finance of the company, considering the financial viability of the Supply Chain Management their role has now become more critical. c. Mergers, acquisitions, and Corporate Restructuring: Since in recent period to maintain the growth and capture the market share there has been a spate of Mergers and Acquisitions and hence the role of CFOs has become more crucial because these are strategic decision and any error in them can lead to collapse of the whole business. d. Environmental, Social and Governance (ESG) Financing: With the evolving of the concept of ESG their role has been shifted from traditional financing to sustainability financing.

Topics: Portfolio Management

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