(Answered) : 1.9 CEOs focus much of their attention on periodic statements like balance sheets and income statements while CFOs focus most of

1.9 CEOs focus much of their attention on periodic statements like balance sheets and income statements while CFOs focus most of their attention on cash flow issues. Explain this statement in terms of the differing responsibilities of the CEO and CFO.

Expert Answer

CEO is the executive officer who controls all the major functions of an organisation while CFO is more into financial aspects of company and the focus is to obtain a steady cash flow and generate revenue to the company in a sustainable manner. CEO pays attention on periodic statement such as balance sheet and income statement

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