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What are the differences in the duties of a CIO versus a CFO?
Asked by Renee
Would/should the duties be different/modified for a smaller company versus a larger organization?
A:
Best Answer:
The simple answer to your question is that the CFO (chief financial officer) is in charge of the financial situation of the company, while the CIO (chief information officer) is in charge of the technology and the technological use throughout the company.
Now, you can go in depth about what each one does, but that would take quite a while.
For a small company vs a big one, the duties would be pretty much similar, just the scale of operations would be drastically reduced. The CFO would still be in charge of the overall financial health of the company, but maybe the company would not hedge, or would not acquire other companies... The CIO might not have to invest in as much software, or would not have the problem of replacing legacy software.
Finance major who got an internship in IS, and got to speak one on one with the CIO and the seven managers right under the CIO at the company.
Answered by mommy_mommy_crappypants
A:
A CIO is the INFORMATION Officer. They are the 'head' of the IT department. Their responsibilities include making sure all of the business programs work, they are up to date, they 'talk with one another, that the company is safe from outside attacks, etc.
A CFO is the FINANCIAL Officer. They 'pay' for everything. They make sure that everything from Servers, to buildings, to pencils are available to do the business.
Differences between a large & small company? In a larger company, there would be multiple layers of people with increasing responsibility to get these tasks done. The core responsibilities would stay the same.
Answered by words_smith_4u
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