Framework

Structure of the finance function

The question it answers

As a growing firm outgrows its accounts team, how should the owner split duties between treasurer, controller and CFO, and where should the CFO report?

Origin
Treasurer/controller split in Brigham and Ehrhardt (2013); CFO as strategic partner in Naranjo-Gil, Maas and Hartmann (2009)
Diagram type
Hub diagram
Level of analysis
Team
Topics
Corporate financeStrategy & leadership
Stack of clay coins beside a rising glass bar chart, icon for finance

Diagram

Structure of the finance function

CFO
Treasurer (cash, funding, risk)
Controller (accounting, reporting, tax)
Planning and analysis
Risk and compliance
Internal audit

Sources

References

Listed A–Z by author surname, Harvard style. A source with a DOI links to https://doi.org/…; one without links to its page or says plainly that it has no DOI.

  1. Brigham, E.F. and Ehrhardt, M.C. (2013) Financial Management: Theory & Practice, 14th edn. Mason, OH: South-Western Cengage Learning.No DOISource page
  2. Naranjo-Gil, D., Maas, V.S. and Hartmann, F.G.H. (2009) ‘How CFOs determine management accounting innovation: an examination of direct and indirect effects’, European Accounting Review, 18(4), pp. 667–695.doi:10.1080/09638180802627795Source page