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What is the difference between a Controller and a CFO (Chief Financial Officer)?

April 26, 2017cfo Chief controller difference financial officer

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What is the difference between a Controller and a CFO (Chief Financial Officer)?

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The controller is an experienced accountant that manages the accounting staff. The controller is responsible for making sure that the company’s transactions are properly recorded and that financial statements are generated every month. The controller books the past. The CFO supervises the controller and is also responsible for the overall financial health of the company. In addition to supervising the controller the CFO is responsible for Treasury functions (cash), financing (debt), Information Technology, and provides the answers to the CEO and the shareholders. The CFO also provides the CEO and shareholders a picture of the future. He acts as the visionary for growth and provides critical financial guidance.