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Responsibilities of Chief Financial Officer (extract from Practical Financial English)

English for financial specialists

Upper-Intermediate

1. TASK:
Insert the appropriate word in the
text below:

accuracy  -  budget  -   comfortable  -  competition  -  compliance  -   consulting   -   directing   -   evaluates   -   financial   -   forecasting   -   grow  -   on   -   put in   -   qualified   -   reporting  -   supervise

 

Job Outlook for Chief Financial Officers

The U.S. Bureau of Labor Statistics (BLS) predicts employment in the accounting profession will ___________ much faster than other occupations. With growth of more complex financial ___________ requirements, demand for ___________ CFOs who can plan and implement an organization’s ___________ strategy is rising. There will be  much ___________.

 

Job Duties

 

An organization’s chief financial officer is typically responsible for planning, ___________ and controlling its financial activities. This often includes direct control of all accounting, finance, job costing, ___________, strategic planning, and regulatory and legal ___________.

As a key member of the executive management team, the CFO continuously ___________ short- and long-term strategic financial objectives. They also ensure departmental credibility: they verify ___________ of financial trends and forecasts, and oversee ___________ planning and analysis.

They also provide ___________ services and advise executives ___________ cost management and financial implications of business activities. The chief financial officer may ___________ a small staff, or one or more departments, depending on the organization.

The CFO usually works in a ___________ office environment. Travel could be required, particularly in large national or international firms. At fiscal year end or tax time, accounting personnel, including chief financial officers, may be required to ___________ extra hours to meet deadlines.

 
2. CHECK YOUR SPEAKING
 

accuracy 

ˈækjərəsi

точность

competition

ˌkɔmpəˈtɪʃən 

конкуренция

compliance

 kəmˈplaɪəns

соответствие

to direct

 tə dɪˈrekt

направлять, руководить, управлять

to evaluate

tuː ɪˈvæljueɪt

оценивать

experience

 ɪkˈspɪəriəns

опыт

forecast

ˈfɔːkɑːst

прогноз

to put in

tə ˈput ˈɪn

вкладывать

qualified

ˈkwɔlɪfaɪd

квалифицированный

to report

tə rɪˈpɔ:t

отчитываться

to supervise

tə ˈsjuːpəvaɪz

контролировать, осуществлять надзор

to predict

tə prɪˈdɪkt

предсказывать, прогнозировать

requirement

rɪˈkwaɪəmənt

требование

objective

əbˈʤɛktɪv

цель

to ensure

tə ɪnˈʃuə

обеспечивать, гарантировать

credibility

ˌkrədəˈbɪləti

надёжность; доверие

to verify

tə ˈverɪfaɪ

проверять, выверять

to oversee

tə ˌəuvəˈsiː

контролировать

executive

ɪgˈzekjutɪv (ɪɡˈzekjətɪv)

должностное лицо, руководитель

financial implications

faɪˈnænʃəl ˌɪmplɪˈkeɪʃənz 

финансовые последствия

particularly

pəˈtɪkjələli

в частности

to meet deadline

tə ˈmiːt ə ˈdedlaɪn

закончить работу в назначенный срок

 

 3. SEE CORRECT ANSWER

[ Див. вірну відповідь ]

Job Outlook for Chief Financial Officers

The U.S. Bureau of Labor Statistics (BLS) predicts employment in the accounting profession will grow much faster than other occupations. With growth of more complex financial reporting requirements, demand for qualified CFOs who can plan and implement an organization’s financial strategy is rising. There will be  much competition.

 

Job Duties

 

An organization’s chief financial officer is typically responsible for planning, directing and controlling its financial activities. This often includes direct control of all accounting, finance, job costing, forecasting, strategic planning, and regulatory and legal compliance.

As a key member of the executive management team, the CFO continuously evaluates short- and long-term strategic financial objectives. They also ensure departmental credibility: they verify accuracy of financial trends and forecasts, and oversee budget planning and analysis.

They also provide consulting services and advise executives on cost management and financial implications of business activities. The chief financial officer may supervise a small staff, or one or more departments, depending on the organization.

The CFO usually works in a comfortable office environment. Travel could be required, particularly in large national or international firms. At fiscal year end or tax time, accounting personnel, including chief financial officers, may be required to put in extra hours to meet deadlines.


 

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Джерело
«Дебет-Кредит»
Рубрика:
«Дебет-Кредит» / Новини партнерів
Теги:
financial english

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