CFO confidence index | CFO Survey | Deloitte Central Europe

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CFO role

Central Europe CFO Survey

Managing company finances remains the biggest challenge for CFOs, regardless of the share of foreign capital in their companies.

To what extent is the CFO role still purely finance-oriented? How much emphasis do CFOs place on system control and supervision? And how do their views differ between sectors and according to their company revenue levels or proportion of foreign investment?

By grouping CFOs’ main tasks into four categories, we analysed individual tasks in terms of the similarities in the activities and roles that the CFOs are required to perform in each company to give you an overview of their role’s impact.

  • Most important tasks of their role: relate to controlling their companies' finances and drafting budgets – responsibilities like creating and monitoring the company's financial strategy, managing and controlling its budgetary processes and forecasting the company's finances.
  • Less important tasks: these include those associated with monitoring and control, such as tracking progress, designing control systems, managing the debt process and optimising the company's assets.
  • The least important tasks: managing the legal team, monitoring the company’s transactional systems and handling insurance matters.
  • The CFOs of companies with revenues of EUR 10 million or under are particularly focused on managing their accounting teams. In addition, like the CFOs of companies with revenues between EUR 10 and 99 million, they see forecasting as important.

Find out more about

  • Ranking tasks in order of importance
  • Ranking tasks in order of importance by sector
  • Ranking tasks in order of importance by revenue
  • Ranking tasks in order of importance by proportion of foreign investment
  • Ranking tasks in order of importance by proportion of foreign investment
  • CFO tasks (grouped)
  • Conclusions
  • The proportion of 9 or 10 scores for each category of tasks
  • Ranking the importance of task-categories by sector
  • Ranking the importance of task-categories by revenue
  • Ranking the importance of task-categories by proportion of foreign investment

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