How does managment work in in finance?

In large US and UK companies how does the finance part of the company work, the CFO is the top, who do they have under them? How powerful is the CFO in regards to the entire business. Is CFO the common term in big US and UK companies or are they know by other titles? Thanks guys!!!!!

How does managment work in in finance?
CFO is the top of the finance department - In Aust it would be somewhat similar I suppose, below the CFO is the group accountant and then different Accounts department such as Payroll/Accounts receivable/Payable, each has a senior accountant or supervisors depending on size of each section reports to the group accountant who reports to the CFO. Depending on the size and structure of the corp. it may vary.





In a corporation, basically the CFO (and the top of other departments) would report to the CEO, who reports to the Board of directors.





So, CFO in the finance department holds power, overall in the corporation the CEO is more powerful!





In some countries which may be true in the states or UK, the CFO may be part of the Board of directors which makes the CFO more powers.





Another name I found for CFO include finance director in UK (Wikipedia)
Reply:I always thought that the CFO is the person the Financial Controller reports to. Below the Financial Controller are the Accountant and other accounting staff. That's what happens in the company where I work.

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