What Is the Difference Between a Chief Accounting Officer and a Chief Financial Officer
There are many similarities between chief accounting officers and chief financial officers (CFO), such as the responsibility of managing the finances of a business. However, there are important distinctions between these two positions. The CAO is in charge of all things within the accounting department of a company, especially the day-to-day operations. The CFO is the highest financial position in the business and manages things like budgets, forecasts, credit, taxes, and insurance. They also oversee individuals, such as financial controllers and treasurers, and implement their new ideas into lower levels of the business.